Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets
Cereal price variability in Ethiopia has worsened in recent years, and some of the earlier liberalizations are being reversed due to the unacceptable economic and political costs of increased price variability. The challenge now is to achieve price stability in a cost-effective way. This paper exami...
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| Format: | Artículo preliminar |
| Language: | Inglés |
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International Food Policy Research Institute
2011
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| Online Access: | https://hdl.handle.net/10568/154596 |
| _version_ | 1855532844934234112 |
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| author | Rashid, Shahidur |
| author_browse | Rashid, Shahidur |
| author_facet | Rashid, Shahidur |
| author_sort | Rashid, Shahidur |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Cereal price variability in Ethiopia has worsened in recent years, and some of the earlier liberalizations are being reversed due to the unacceptable economic and political costs of increased price variability. The challenge now is to achieve price stability in a cost-effective way. This paper examines intercommodity price relationships to assess the relative importance of each of the three major cereals in generating price volatility. Based on the estimates from a dynamic econometric model, the paper concludes that maize is the most significant in exacerbating price variability with respect to the persistence of shocks to itself and the two other cereals. This implies that focusing on maize, instead of wheat, will not only help better stabilize prices but also reduce costs of stabilization. The results are also discussed in the context of ongoing policy discussions. |
| format | Artículo preliminar |
| id | CGSpace154596 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2011 |
| publishDateRange | 2011 |
| publishDateSort | 2011 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1545962025-11-06T07:00:33Z Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets Rashid, Shahidur food prices Cereal price variability in Ethiopia has worsened in recent years, and some of the earlier liberalizations are being reversed due to the unacceptable economic and political costs of increased price variability. The challenge now is to achieve price stability in a cost-effective way. This paper examines intercommodity price relationships to assess the relative importance of each of the three major cereals in generating price volatility. Based on the estimates from a dynamic econometric model, the paper concludes that maize is the most significant in exacerbating price variability with respect to the persistence of shocks to itself and the two other cereals. This implies that focusing on maize, instead of wheat, will not only help better stabilize prices but also reduce costs of stabilization. The results are also discussed in the context of ongoing policy discussions. 2011 2024-10-01T14:02:34Z 2024-10-01T14:02:34Z Working Paper https://hdl.handle.net/10568/154596 en Open Access application/pdf International Food Policy Research Institute Rashid, Shahidur. 2011. Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets. IFPRI Discussion Paper 1079. https://hdl.handle.net/10568/154596 |
| spellingShingle | food prices Rashid, Shahidur Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title | Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title_full | Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title_fullStr | Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title_full_unstemmed | Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title_short | Intercommodity price transmission and food price policies: An analysis of Ethiopian cereal markets |
| title_sort | intercommodity price transmission and food price policies an analysis of ethiopian cereal markets |
| topic | food prices |
| url | https://hdl.handle.net/10568/154596 |
| work_keys_str_mv | AT rashidshahidur intercommoditypricetransmissionandfoodpricepoliciesananalysisofethiopiancerealmarkets |