How vulnerable are Arab countries to global food price shocks ?
AbstractThis paper presents new estimates of pass-through coefficients from international to domestic food prices by country in the Middle East and North Africa. The estimates indicate that, despite the use of food price subsidies and other government interventions, a rise in global food prices is transmitted to a significant degree into domestic food prices in many countries in the Middle East and North Africa, although cross-country variation is significant. In nearly all countries, domestic food prices are highly downwardly rigid. The finding of asymmetric price transmission suggests that not only international food price levels matter, but also food price volatility. High food pass-through tends to increase inflation pressures, where food consumption shares are high. Domestic factors, often linked to storage, logistics, and procurement, have also played a major role in explaining high food inflation in the majority of countries in the region.
Download InfoIf 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.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 6018.
Date of creation: 01 Mar 2012
Date of revision:
Food&Beverage Industry; Markets and Market Access; Emerging Markets; Currencies and Exchange Rates; Food Security;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-04-10 (Agricultural Economics)
- NEP-ALL-2012-04-10 (All new papers)
- NEP-ARA-2012-04-10 (MENA - Middle East & North Africa)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ansgar Belke & Christian Dreger, 2013.
"The Transmission of Oil and Food Prices to Consumer Prices: Evidence for the MENA Countries,"
Discussion Papers of DIW Berlin
1332, DIW Berlin, German Institute for Economic Research.
- Ansgar Belke & Christian Dreger, 2013. "The Transmission of Oil and Food Prices to Consumer Prices – Evidence for the MENA Countries," Ruhr Economic Papers 0448, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- Maystadt, Jean-François & Trinh Tan, Jean-François & Breisinger, Clemens, 2014. "Does food security matter for transition in Arab countries?," Food Policy, Elsevier, vol. 46(C), pages 106-115.
- Maystadt, Jean-FranÃ§ois & Trinh Tan, Jean-FranÃ§ois & Breisinger, Clemens, 2012. "Does Food Security Matter for Transition in Arab Countries?:," IFPRI discussion papers 1196, International Food Policy Research Institute (IFPRI).
- Basher, Syed Abul & Raboy, David G. & Kaitibie, Simeon & Hossain, Ishrat, 2012. "The economics of food security in Arab micro states: preliminary evidence from micro data," MPRA Paper 39357, University Library of Munich, Germany.
- Kornher, Lukas & Kalkuhl, Matthias, 2013. "Food price volatility in developing countries and its determinants," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156132, German Association of Agricultural Economists (GEWISOLA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.