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Empirical Analysis of Causes of Food Price Volatility in Developing Countries: the Role of Trade and Storage Policies

Abstract: 

The work at hand contributes to the ongoing discussion on drivers of food price volatility and closes the gap with respect to public market stabilization policies. A dynamic panel is estimated to account for country and crop fixed effects and persistence of volatility. Findings underline the importance of international price volatility and institutional quality, while international volatility spill-overs are significantly higher in importer countries. New evidence is provided with respect to the impact of export restrictions. Accordingly, both exporters and countries that switch between net-importer and net-exporter successfully stabilize domestic prices by insulating themselves from international markets. On the other hand, regional market integration acts as a stabilization tool for domestic prices.

Publisher: 
Ethiopian Economics Association (EEA)
ISBN/ISSN: 
978-99944-54-44-10
Primary Descriptors: 

Food Industry and Trade - Governmnet Policy

Secondary Descriptor: 

Food Price - Governemnt Policy

Geographic Descriptors: 
Developing Countries
Cataloge Date: 
09/30/2015
Broad Subject heading: 
Food Supply
Call Number: 
330.963 PRO 2015
Serial Key Title: 
Proceedings of the Twelfth International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
I
Publication date: 
2015-06-01 00:00:00
Conference Place: 
EEA Conference Center
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annually
Conference date: 
July 16 to 19, 2014