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Testing The Link Between Public Intervention And Food Price Variability: Evidence From Rice Markets In The Philippines

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  • Martinez, Elmer
  • Shively, Gerald E.
  • Masters, William J.

Abstract

Monthly price data from the Philippines are used to test the influence of government buffer-stock programs on the level and variability of rice prices from 1974-1990. Results do not support the conjecture that prices were correlated with stock purchases.

Suggested Citation

  • Martinez, Elmer & Shively, Gerald E. & Masters, William J., 1998. "Testing The Link Between Public Intervention And Food Price Variability: Evidence From Rice Markets In The Philippines," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20883, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20883
    DOI: 10.22004/ag.econ.20883
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    References listed on IDEAS

    as
    1. Williams,Jeffrey C. & Wright,Brian D., 2005. "Storage and Commodity Markets," Cambridge Books, Cambridge University Press, number 9780521023399.
    2. Islam, Nurul & Thomas, Saji, 1996. "Foodgrain price stabilization in developing countries," Food policy reviews 3, International Food Policy Research Institute (IFPRI).
    3. Timmer, C. Peter, 1989. "Food price policy : The rationale for government intervention," Food Policy, Elsevier, vol. 14(1), pages 17-27, February.
    4. Rao, J. Mohan, 1989. "Getting agricultural prices right," Food Policy, Elsevier, vol. 14(1), pages 28-42, February.
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    Cited by:

    1. Coxhead, Ian, 2000. "Consequences of a Food Security Strategy for Economic Welfare, Income Distribution and Land Degradation: The Philippine Case," World Development, Elsevier, vol. 28(1), pages 111-128, January.
    2. Yao, Richard T. & Shively, Gerald E. & Masters, William J., 2005. "How Successful Are Government Interventions In Food Markets? Insights From The Philippine Rice Market," 2005 Annual meeting, July 24-27, Providence, RI 19263, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Kim, Yun-Shik & Sumner, Daniel A., 2005. "Measuring Research Benefits With Import Ban Restrictions, Quality Changes, Non-Market Influences On Adoption And Food Security Incentives," 2005 Annual meeting, July 24-27, Providence, RI 19148, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Jim Lee & Harold Glenn A. Valera, 2016. "Price transmission and volatility spillovers in Asian rice markets: Evidence from MGARCH and panel GARCH models," The International Trade Journal, Taylor & Francis Journals, vol. 30(1), pages 14-32, January.
    5. Jolejole-Foreman, Maria Christina & Mallory, Mindy L., 2011. "Analyzing Market Price Transmission, Government Intervention and Weather Shocks for Rice Market in the Philippines," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103163, Agricultural and Applied Economics Association.

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