Higher fuel and food prices: Economic impacts and responses for Mozambique
Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price increases are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio an...
| Main Authors: | , , , , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2008
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/161638 |
| _version_ | 1855522286286667776 |
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| author | Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M.D. Thurlow, James |
| author_browse | Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M.D. Thurlow, James |
| author_facet | Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M.D. Thurlow, James |
| author_sort | Arndt, Channing |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price increases are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio analysis indicates that urban households and households in the southern region of the country are more vulnerable to food price increases. Rural households, particularly in the northern and central parts of Mozambique, often benefit because they sell more food goods than they consume (i.e., net seller). Long-term analysis using a computable general equilibrium model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Here again, negative impacts are greater in urban areas than in rural areas. The importance of agricultural production response in general, and export response in particular, are highlighted in this discussion. Policy analysis reveals difficult trade-offs between short-run mitigation and long-run growth. Improved agricultural productivity has powerful positive impacts, but remains difficult to achieve and may not address the immediate impacts of higher prices. |
| format | Artículo preliminar |
| id | CGSpace161638 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1616382025-11-06T05:55:18Z Higher fuel and food prices: Economic impacts and responses for Mozambique Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M.D. Thurlow, James prices shock food security food prices development policies bioenergy computable general equilibrium models Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price increases are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio analysis indicates that urban households and households in the southern region of the country are more vulnerable to food price increases. Rural households, particularly in the northern and central parts of Mozambique, often benefit because they sell more food goods than they consume (i.e., net seller). Long-term analysis using a computable general equilibrium model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Here again, negative impacts are greater in urban areas than in rural areas. The importance of agricultural production response in general, and export response in particular, are highlighted in this discussion. Policy analysis reveals difficult trade-offs between short-run mitigation and long-run growth. Improved agricultural productivity has powerful positive impacts, but remains difficult to achieve and may not address the immediate impacts of higher prices. 2008 2024-11-21T09:56:56Z 2024-11-21T09:56:56Z Working Paper https://hdl.handle.net/10568/161638 en Open Access application/pdf International Food Policy Research Institute Arndt, Channing; Benfica, Rui; Maximiano, Nelson; Nucifora, Antonio M.D.; Thurlow, James. 2008. Higher fuel and food prices. IFPRI Discussion Paper 836. https://hdl.handle.net/10568/161638 |
| spellingShingle | prices shock food security food prices development policies bioenergy computable general equilibrium models Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M.D. Thurlow, James Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title | Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title_full | Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title_fullStr | Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title_full_unstemmed | Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title_short | Higher fuel and food prices: Economic impacts and responses for Mozambique |
| title_sort | higher fuel and food prices economic impacts and responses for mozambique |
| topic | prices shock food security food prices development policies bioenergy computable general equilibrium models |
| url | https://hdl.handle.net/10568/161638 |
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