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European Common Agricultural Policy Impacts On Developing Countries Commodities Prices

Author

Listed:
  • Francesco CARACCIOLO
  • Elisabetta GOTOR
  • Fabio Gaetano SANTERAMO

Abstract

This study assesses the effects of CAP changes on the agricultural commodities' price transmission mechanism between selected developing countries and world markets. The analysis refers to four different countries: Bangladesh, Ethiopia, Ghana and Tanzania and three important staple food: maize, rice and wheat. Time series econometric models analyze price dynamics within different levels of EU subsidies. During the evaluation period (2000-2010) no empirical relationship has been detected among the EU subsidies for rice and world price of rice. On the contrary at least for maize sector and for Ethiopia and Tanzania, EU agricultural policies seemed not neutral.

Suggested Citation

  • Francesco CARACCIOLO & Elisabetta GOTOR & Fabio Gaetano SANTERAMO, 2014. "European Common Agricultural Policy Impacts On Developing Countries Commodities Prices," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).
    • Handle: RePEc:eaa:eerese:v:14:y2014:i:2_2
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    File URL: http://www.usc.es/economet/reviews/eers1422.pdf
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    References listed on IDEAS

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    1. Anderson, Kym & Martin, Will & Valenzuela, Ernesto, 2006. "The relative importance of global agricultural subsidies and market access," World Trade Review, Cambridge University Press, vol. 5(3), pages 357-376, November.
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    4. Ng, Francis & Aksoy, M. Ataman, 2008. "Who are the net food importing countries ?," Policy Research Working Paper Series 4457, The World Bank.
    5. Francesco Caracciolo & Fabio Gaetano Santeramo, 2013. "Price Trends and Income Inequalities: Will Sub-Saharan Africa Reduce the Gap?," African Development Review, African Development Bank, vol. 25(1), pages 42-54, March.
    6. Cesar Revoredo-Giha & George Philippidis & Luiza Toma & Alan Renwick, 2013. "The Impact of EU Export Refunds on the African Continent: An Impact Assessment," Journal of Development Studies, Taylor & Francis Journals, vol. 49(12), pages 1651-1675, December.
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    8. Francesco Caracciolo & Luigi Cembalo & Alessia Lombardi & Gary Thompson, 2014. "Distributional Effects of Maize Price Increases in Malawi," Journal of Development Studies, Taylor & Francis Journals, vol. 50(2), pages 258-275, February.
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    Cited by:

    1. Tedesco, Ilaria & Pelloni, Alessandra & Trovato, Giovanni, 2015. "Oecd Agricultural Subsidies And Poverty Rates In Lower Income Countries," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(2), pages 1-19, April.

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    More about this item

    Keywords

    CAP; staple food; price transmission.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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