Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Impacts of Trade Barriers and Market Interventions on Maize Price Predictability: Evidence from Eastern and Southern Africa

Contents:

Author Info

  • Chapoto, Antony
  • Jayne, Thomas S.

Abstract

There is continuing debate in east and southern Africa about the effects of food market reform on the welfare of small-scale farmers and low-income consumers. At the center of this debate is the perception that food prices have become more unstable in countries that have liberalized their staple food markets, thereby exacerbating the plight of poor consumers and farmers. This perception has led many governments in the region to shun an open maize borders policy and pursue a variety of food marketing and trade policy tools to stabilize food prices. Unfortunately, there remains a dearth of empirical evidence on the effects of alternative food marketing and trade policies, including that of liberalization, on price stability and predictability. Assessments of this issue are complicated by the fact that market reform programs are not monolithic in their design or implementation – impacts of reform on price instability may depend on variations in implementation. It would be particularly important to compare the magnitude of food price instability in countries that have embraced relatively comprehensive staple food market reform policies over time versus those in which the state continues to influence and stabilize food prices through the operations of marketing boards and controls on trade. This study examines the amplitude of price instability and unpredictability between countries using trade barriers and marketing board operations to stabilize prices versus countries with relatively open trade policies. Instability is defined as the unconditional variance in food prices over time, whereas unpredictability is defined as the unanticipated component of price instability, i.e., the conditional variance from a price forecast model.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/56798
Download Restriction: no

Bibliographic Info

Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Food Security International Development Working Papers with number 56798.

as in new window
Length:
Date of creation: Dec 2009
Date of revision:
Handle: RePEc:ags:midiwp:56798

Contact details of provider:
Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
Phone: (517) 355-4563
Fax: (517) 432-1800
Email:
Web page: http://www.aec.msu.edu/agecon/
More information through EDIRC

Related research

Keywords: africa; food security; maize; trade; markets; Food Security and Poverty; International Relations/Trade; Marketing; q13;

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Elodie Maître D'Hôtel & Tristan Le Cotty & Thomas Jayne, 2012. "Is a public regulation of food price volatility feasible in Africa? An arch approach in Kenya," Post-Print hal-00801361, HAL.
  2. Ariga, Joshua & Jayne, Thomas S. & Njukia, Stephen, 2010. "Staple food prices in Kenya," Food Security Collaborative Working Papers 58559, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  3. Jayne, T.S. & Chapoto, Antony & Chamberlin, Jordan, 2011. "Strengthening Staple Food Markets in Eastern And Southern Africa: Toward An Integrated Approach for CAADP Investment Plans," Food Security International Development Policy Syntheses 157939, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  4. Minot, Nicholas, 2012. "Food price volatility in sub-Saharan Africa: Has it really increased?," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil, International Association of Agricultural Economists 134146, International Association of Agricultural Economists.
  5. Gouel, Christophe, 2013. "Food price volatility and domestic stabilization policies in developing countries," Policy Research Working Paper Series 6393, The World Bank.
  6. Sitko, Nicholas J. & Jayne, T.S., 2012. "Why are African commodity exchanges languishing? A case study of the Zambian Agricultural Commodity Exchange," Food Policy, Elsevier, Elsevier, vol. 37(3), pages 275-282.
  7. Gage, Daria, 2011. "Revitalizing Zambia’s Agricultural Marketing Information Centre (Amic)," Food Security Collaborative Policy Briefs 113646, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  8. Jayne, Thomas S. & Mason, Nicole M. & Myers, Robert J. & Ferris, John N. & Mather, David & Beaver, Margaret & Lenski, Natalie & Chapoto, Antony & Boughton, Duncan, 2010. "Patterns and Trends in Food Staples Markets in Eastern and Southern Africa: Toward the Identification of Priority Investments and Strategies for Developing Markets and Promoting Smallholder Productivi," Food Security International Development Working Papers, Michigan State University, Department of Agricultural, Food, and Resource Economics 62148, Michigan State University, Department of Agricultural, Food, and Resource Economics.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:midiwp:56798. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.