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Middle East and North Africa Countries' Vulnerability to Commodity Price Increases

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Abstract

New estimates of pass-through coefficients for the Middle East and North Africa indicate that a rise of global food prices is transmitted to a significant degree into domestic food prices. Over the past decade, transmission from international to domestic prices has been particularly high for Egypt, Iraq, Djibouti, United Arab Emirates and West Bank and Gaza, while being particularly low in Tunisia and Algeria. Where international food price increases translate into domestic prices, overall inflation tends to be higher.

Suggested Citation

  • Loening, Josef L., 2011. "Middle East and North Africa Countries' Vulnerability to Commodity Price Increases," MPRA Paper 33393, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33393
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    References listed on IDEAS

    as
    1. Albers, Ronald & Peeters, Marga, 2011. "Food and energy prices, government subsidies and fiscal balances in south Mediterranean countries," MPRA Paper 28788, University Library of Munich, Germany.
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    7. Julian Lampietti & Sean Michaels & Nick Magnan, . "Improving Food Security in Arab Countries," World Bank Other Operational Studies, The World Bank, number 10992, September.
    8. Chen, Shiu-Sheng, 2009. "Oil price pass-through into inflation," Energy Economics, Elsevier, vol. 31(1), pages 126-133, January.
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    More about this item

    Keywords

    Price transmission; inflation; food prices; Middle East and North Africa;
    All these keywords.

    JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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