Foodgrain price stabilization in developing countries: Issues and experiences in Asia
Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize domestic prices? Traditional welfare analysis at the micro level concludes that economic benefits of price stabilization for consumers or producers, in general, tend to be small unless great importance...
| Main Authors: | , |
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| Format: | Informe técnico |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
1996
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/157300 |
| _version_ | 1855531112406712320 |
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| author | Islam, Nurul Thomas, Saji |
| author_browse | Islam, Nurul Thomas, Saji |
| author_facet | Islam, Nurul Thomas, Saji |
| author_sort | Islam, Nurul |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize domestic prices? Traditional welfare analysis at the micro level concludes that economic benefits of price stabilization for consumers or producers, in general, tend to be small unless great importance is placed on risk aversion. In the simulation exercise undertaken in this study of micro level benefits to producers, which incorporate currently available estimates of risk aversion within an analytical framework based on the maximization of expected utility, price stabilization policies do not seem to yield large benefits. Analysts have questioned the appropriateness of the use of this framework and the treatment of risk aversion within the framework in view of the high priority that farmers in developing countries attach to economic security to avoid disaster and achieve a subsistence level of income. The macroeconomic benefits of price stabilization, including explored. Nevertheless, which the debate among analysts goes on, policymakers in many developing countries continue to pursue the objective of goodgrain price stabilization using different instruments with varying degrees of success and costs. |
| format | Informe técnico |
| id | CGSpace157300 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1996 |
| publishDateRange | 1996 |
| publishDateSort | 1996 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1573002025-01-10T06:35:30Z Foodgrain price stabilization in developing countries: Issues and experiences in Asia Islam, Nurul Thomas, Saji prices cereals Should countries allow foodgrain prices to fluctuate freely or should they intervene to stabilize domestic prices? Traditional welfare analysis at the micro level concludes that economic benefits of price stabilization for consumers or producers, in general, tend to be small unless great importance is placed on risk aversion. In the simulation exercise undertaken in this study of micro level benefits to producers, which incorporate currently available estimates of risk aversion within an analytical framework based on the maximization of expected utility, price stabilization policies do not seem to yield large benefits. Analysts have questioned the appropriateness of the use of this framework and the treatment of risk aversion within the framework in view of the high priority that farmers in developing countries attach to economic security to avoid disaster and achieve a subsistence level of income. The macroeconomic benefits of price stabilization, including explored. Nevertheless, which the debate among analysts goes on, policymakers in many developing countries continue to pursue the objective of goodgrain price stabilization using different instruments with varying degrees of success and costs. 1996 2024-10-24T12:48:42Z 2024-10-24T12:48:42Z Report https://hdl.handle.net/10568/157300 en Open Access application/pdf International Food Policy Research Institute Islam, Nurul; Thomas, Saji. 1996. Foodgrain price stabilization in developing countries: Issues and experiences in Asia. Food policy review 3. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/157300 |
| spellingShingle | prices cereals Islam, Nurul Thomas, Saji Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title | Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title_full | Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title_fullStr | Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title_full_unstemmed | Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title_short | Foodgrain price stabilization in developing countries: Issues and experiences in Asia |
| title_sort | foodgrain price stabilization in developing countries issues and experiences in asia |
| topic | prices cereals |
| url | https://hdl.handle.net/10568/157300 |
| work_keys_str_mv | AT islamnurul foodgrainpricestabilizationindevelopingcountriesissuesandexperiencesinasia AT thomassaji foodgrainpricestabilizationindevelopingcountriesissuesandexperiencesinasia |