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Agricultural trade distortions during the global financial crisis

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  • Anderson, Kym
  • Nelgen, Signe

Abstract

The recent upward spike in the international price of food led some countries to raise export barriers. As in previous price spike periods, that response by some food-exporting countries was accompanied by a lowering of import restrictions by numerous food-importing countries. Both actions exacerbate the international price spike. This paper provides new evidence n the extent of change in domestic relative to international prices in both groups of countries, and compares it with responses during previous food price spike periods. Stronger WTO disciplines on export restrictions are needed to limit government responses that exacerbate such price shocks.

Suggested Citation

  • Anderson, Kym & Nelgen, Signe, 2012. "Agricultural trade distortions during the global financial crisis," CEPR Discussion Papers 9086, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:9086
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    Keywords

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • 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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