The relevance of international transport costs on food prices: Endogenous and exogenous effects
The paper addresses the problem of transport costs and their influence on food prices for South American imports. While transport does not seem to be in the focus of existing analyses, its impact on food prices might be underestimated and even closely linked to the development of commonly mentioned drivers of food prices. Since transport price formation is a function of demand and supply, drivers of food prices are also expected to impact on transport prices. The authors argue that a number of relevant factors that drive transport costs - and in consequence food prices - can be influenced by policy makers. Based on empirical analysis, the authors explain the functioning of the determinants of transport costs in the segment of international shipping, trying to describe their exogenous and endogenous components. These results are discussed in reference to policy development in the region.
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Volume (Year): 25 (2009)
Issue (Month): 1 ()
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- Sánchez, Ricardo & Wilmsmeier, Gordon, 2005. "Provisión de infraestructura de transporte en América Latina: experiencia reciente y problemas observados," Recursos Naturales e Infraestructura 94, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL). Full references (including those not matched with items on IDEAS)
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