Higher fuel and food prices: 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 rises 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 analys...
| Autores principales: | , , , , |
|---|---|
| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2008
|
| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/162395 |
| _version_ | 1855541892983291904 |
|---|---|
| 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 rises 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 are more vulnerable to food price increases. Rural households, particularly in the North and Center, often benefit from being in a net seller position. Longer‐term analysis using a computable general equilibrium (CGE) model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. 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 | Journal Article |
| id | CGSpace162395 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1623952025-02-19T14:08:17Z Higher fuel and food prices: 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 rises 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 are more vulnerable to food price increases. Rural households, particularly in the North and Center, often benefit from being in a net seller position. Longer‐term analysis using a computable general equilibrium (CGE) model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. 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. 2008-11 2024-11-21T10:02:47Z 2024-11-21T10:02:47Z Journal Article https://hdl.handle.net/10568/162395 en Limited Access Wiley Arndt, Channing; Benfica, Rui; Maximiano, Nelson; Nucifora, Antonio M. D.; Thurlow, James. 2008. Higher fuel and food prices. Agricultural Economics Agricultural Economics 39(s1): 497-511 |
| 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: Impacts and responses for Mozambique |
| title | Higher fuel and food prices: Impacts and responses for Mozambique |
| title_full | Higher fuel and food prices: Impacts and responses for Mozambique |
| title_fullStr | Higher fuel and food prices: Impacts and responses for Mozambique |
| title_full_unstemmed | Higher fuel and food prices: Impacts and responses for Mozambique |
| title_short | Higher fuel and food prices: Impacts and responses for Mozambique |
| title_sort | higher fuel and food prices impacts and responses for mozambique |
| topic | prices shock food security food prices development policies bioenergy computable general equilibrium models |
| url | https://hdl.handle.net/10568/162395 |
| work_keys_str_mv | AT arndtchanning higherfuelandfoodpricesimpactsandresponsesformozambique AT benficarui higherfuelandfoodpricesimpactsandresponsesformozambique AT maximianonelson higherfuelandfoodpricesimpactsandresponsesformozambique AT nuciforaantoniomd higherfuelandfoodpricesimpactsandresponsesformozambique AT thurlowjames higherfuelandfoodpricesimpactsandresponsesformozambique |