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International to Domestic Price Transmission in Fourteen Developing Countries During the 2007-08 Food Crisis

Listed author(s):
  • Baltzer, Kenneth

This paper synthesizes the evidence on price transmission from international maize, rice and wheat markets to domestic markets in fourteen developing countries during the global food crisis in 2007-08. A great variation in the price transmission patterns is observed; from almost no price pass-through in China and India, over close relationship between international and domestic prices in Brazil and South Africa, to substantial domestic price overshooting in Ethiopia and Nigeria. Much of this variation can be explained by price stabilization policies, public policy failure, incomplete market integration, and coinciding domestic shocks.

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File URL: https://www.wider.unu.edu/sites/default/files/WP2013-031.pdf
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Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series WIDER Working Paper Series with number 031.

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Length: 31
Date of creation: 2013
Handle: RePEc:unu:wpaper:wp2013-031
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  1. Ulimwengu, John M. & Workneh, Sindu & Paulos, Zelekawork, 2009. "Impact of soaring food price in Ethiopia: Does location matter?," IFPRI discussion papers 846, International Food Policy Research Institute (IFPRI).
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  8. Kirsten, Johann F., 2012. "The Political Economy of Food Price Policy in South Africa," Working Papers 206514, University of Pretoria, Department of Agricultural Economics, Extension and Rural Development.
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  12. repec:unu:wpaper:wp2012-96 is not listed on IDEAS
  13. Resnick, Danielle, 2013. "Personalistic Policy-Making in a Vibrant Democracy: Senegal's Fragmented Response to the 2007/08 Food price Crisis," WIDER Working Paper Series 015, World Institute for Development Economic Research (UNU-WIDER).
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  19. repec:unu:wpaper:wp2012-95 is not listed on IDEAS
  20. Cudjoe, Godsway & Breisinger, Clemens & Diao, Xinshen, 2010. "Local impacts of a global crisis: Food price transmission, consumer welfare and poverty in Ghana," Food Policy, Elsevier, vol. 35(4), pages 294-302, August.
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  23. John Baffes & Bruce Gardner, 2003. "The transmission of world commodity prices to domestic markets under policy reforms in developing countries," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(3), pages 159-180.
  24. Mueller, Bernardo & Mueller, Charles C., 2012. "The Impact Of The 2007?08 Food Price Crisis In A Major Commodity Exporter : Food Prices, Inflation, And Inclusion In Brazil," WIDER Working Paper Series 095, World Institute for Development Economic Research (UNU-WIDER).
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