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Book (stand-alone)Price transmission in selected agricultural markets 2004
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No results found.The paper is aimed at providing evidence on price transmission in a number of agricultural markets, both per se and in support of analytical efforts in the area of agricultural trade policy analysis. Work is based on a price database collected from various sources in sixteen countries Argentina, Brazil, Chile, Costa Rica, Egypt, Ethiopia, Ghana, India, Indonesia, Mexico, Pakistan, Senegal, Thailand, Turkey, Uganda, and Uruguay primarily for basic food commodities. Both spatial and vertical p rice relations are considered, as the database includes prices at the producer, wholesale and retail levels. These are supplemented with information from FAOSTAT. Data are analyzed with an econometric framework based on the estimation of Autoregressive Distributed Lag models, and of the corresponding Error Correction specification. Tests for Granger causality and for asymmetric transmission are also performed. Results indicate that the African markets included in the sample are characterized by more incomplete transmission compared to Latin American and Asian markets. -
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Book (stand-alone)Uneven transmission of international cereal price shocks to domestic markets
Domestic cereal prices during a time of rising international prices
2025Also available in:
No results found.This study examines the evolution of domestic cereal prices in the low- and middle-income countries (LICs and MICs) from 2017 to mid-2023, covering the shocks of the COVID-19 pandemic and the war in Ukraine. Using monthly retail price data adjusted by the consumer price index (CPI), we analyse cross-country and regional trends. Results indicate that Latin America and the Caribbean is more sensitive to international price fluctuations, whereas regions such as Asia – especially China and India – exhibit greater stability, largely due to effective agricultural policies and robust domestic production. These findings underscore the need for targeted agricultural and food policies to bolster food security and resilience in LICs and MICs, ultimately contributing to a better life.
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