The Impact of Coffee Market Reforms on Producer Prices and Price Transmission
This paper evaluates the impact of coffee sector reforms during late 1980s and early 1990s on coffee growers in the main coffee producing countries. Earlier evidence suggests that the reforms increased the share of producer prices in the world pric...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/07/4986700/impact-coffee-market-reforms-producer-prices-price-transmission http://hdl.handle.net/10986/14183 |
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okr-10986-141832021-04-23T14:03:21Z The Impact of Coffee Market Reforms on Producer Prices and Price Transmission Krivonos, Ekaterina ADMINISTERED PRICES AGRICULTURAL MARKETS AGRICULTURE ARIMA AUCTIONS AVERAGE PRICES COCOA COFFEE COFFEE BOARD COFFEE GROWERS COFFEE GROWING COFFEE GROWING AREAS COFFEE PRICES COFFEE PRODUCERS COFFEE SECTOR COLLUSION COMMODITY COMMODITY PRICES CONSUMER PRICES CONSUMERS CROP DIRECT MARKETING DOMESTIC MARKET DOMESTIC MARKETS EFFICIENT MARKETS ELASTICITIES ELASTICITY EQUILIBRIUM EXPORT CROPS FARM FARMERS FUELS GOVERNMENT REGULATION IMPORTS INEFFICIENCY INTERNATIONAL TRADE MARKET PRICES MARKET REFORMS MARKETING MARKETING BOARDS OLIGOPOLY POLICY DECISIONS POLITICAL ECONOMY PRICE ADJUSTMENT PRICE CHANGES PRICE DECREASES PRICE FLUCTUATIONS PRICE INCREASES PRICE TAKERS PRICE VOLATILITY PRODUCE PRODUCER PRICES PURCHASING QUOTAS REAL EXCHANGE RATES SALES SPOT PRICES SPREAD STRUCTURAL ADJUSTMENT TAXATION TIME SERIES WHEAT WORLD MARKETS COFFEE INDUSTRY MARKET REFORMS MARKET PRICES EXPORTS AGRICULTURAL MARKETS TAXATION DEVELOPING COUNTRIES METHODOLOGY POLICY REFORM LIBERALIZATION MARKETING PARASTATAL ORGANIZATIONS This paper evaluates the impact of coffee sector reforms during late 1980s and early 1990s on coffee growers in the main coffee producing countries. Earlier evidence suggests that the reforms increased the share of producer prices in the world price of coffee. This hypothesis is tested in the paper with the help of cointegration analysis, and the results show that in most countries the longterm producer price share has indeed increased substantially after the liberalization. Moreover, the results suggest that the reforms induced a closer cointegrating relationship between grower prices and world market prices. Finally, estimation of an error-correction model reveals that short-run transmission of price signals from the world market to domestic producers has improved, such that domestic prices adjust faster today to world price fluctuations than they did prior to the reforms. However, there is some evidence of asymmetries in the way positive and negative world price changes are transmitted to domestic markets. 2013-06-25T19:01:38Z 2013-06-25T19:01:38Z 2004-07 http://documents.worldbank.org/curated/en/2004/07/4986700/impact-coffee-market-reforms-producer-prices-price-transmission http://hdl.handle.net/10986/14183 English en_US Policy Research working paper series;no. WPS 3358 Policy Research Working Paper;No.3358 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADMINISTERED PRICES AGRICULTURAL MARKETS AGRICULTURE ARIMA AUCTIONS AVERAGE PRICES COCOA COFFEE COFFEE BOARD COFFEE GROWERS COFFEE GROWING COFFEE GROWING AREAS COFFEE PRICES COFFEE PRODUCERS COFFEE SECTOR COLLUSION COMMODITY COMMODITY PRICES CONSUMER PRICES CONSUMERS CROP DIRECT MARKETING DOMESTIC MARKET DOMESTIC MARKETS EFFICIENT MARKETS ELASTICITIES ELASTICITY EQUILIBRIUM EXPORT CROPS FARM FARMERS FUELS GOVERNMENT REGULATION IMPORTS INEFFICIENCY INTERNATIONAL TRADE MARKET PRICES MARKET REFORMS MARKETING MARKETING BOARDS OLIGOPOLY POLICY DECISIONS POLITICAL ECONOMY PRICE ADJUSTMENT PRICE CHANGES PRICE DECREASES PRICE FLUCTUATIONS PRICE INCREASES PRICE TAKERS PRICE VOLATILITY PRODUCE PRODUCER PRICES PURCHASING QUOTAS REAL EXCHANGE RATES SALES SPOT PRICES SPREAD STRUCTURAL ADJUSTMENT TAXATION TIME SERIES WHEAT WORLD MARKETS COFFEE INDUSTRY MARKET REFORMS MARKET PRICES EXPORTS AGRICULTURAL MARKETS TAXATION DEVELOPING COUNTRIES METHODOLOGY POLICY REFORM LIBERALIZATION MARKETING PARASTATAL ORGANIZATIONS |
| spellingShingle |
ADMINISTERED PRICES AGRICULTURAL MARKETS AGRICULTURE ARIMA AUCTIONS AVERAGE PRICES COCOA COFFEE COFFEE BOARD COFFEE GROWERS COFFEE GROWING COFFEE GROWING AREAS COFFEE PRICES COFFEE PRODUCERS COFFEE SECTOR COLLUSION COMMODITY COMMODITY PRICES CONSUMER PRICES CONSUMERS CROP DIRECT MARKETING DOMESTIC MARKET DOMESTIC MARKETS EFFICIENT MARKETS ELASTICITIES ELASTICITY EQUILIBRIUM EXPORT CROPS FARM FARMERS FUELS GOVERNMENT REGULATION IMPORTS INEFFICIENCY INTERNATIONAL TRADE MARKET PRICES MARKET REFORMS MARKETING MARKETING BOARDS OLIGOPOLY POLICY DECISIONS POLITICAL ECONOMY PRICE ADJUSTMENT PRICE CHANGES PRICE DECREASES PRICE FLUCTUATIONS PRICE INCREASES PRICE TAKERS PRICE VOLATILITY PRODUCE PRODUCER PRICES PURCHASING QUOTAS REAL EXCHANGE RATES SALES SPOT PRICES SPREAD STRUCTURAL ADJUSTMENT TAXATION TIME SERIES WHEAT WORLD MARKETS COFFEE INDUSTRY MARKET REFORMS MARKET PRICES EXPORTS AGRICULTURAL MARKETS TAXATION DEVELOPING COUNTRIES METHODOLOGY POLICY REFORM LIBERALIZATION MARKETING PARASTATAL ORGANIZATIONS Krivonos, Ekaterina The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| relation |
Policy Research working paper series;no.
WPS 3358 |
| description |
This paper evaluates the impact of
coffee sector reforms during late 1980s and early 1990s on
coffee growers in the main coffee producing countries.
Earlier evidence suggests that the reforms increased the
share of producer prices in the world price of coffee. This
hypothesis is tested in the paper with the help of
cointegration analysis, and the results show that in most
countries the longterm producer price share has indeed
increased substantially after the liberalization. Moreover,
the results suggest that the reforms induced a closer
cointegrating relationship between grower prices and world
market prices. Finally, estimation of an error-correction
model reveals that short-run transmission of price signals
from the world market to domestic producers has improved,
such that domestic prices adjust faster today to world price
fluctuations than they did prior to the reforms. However,
there is some evidence of asymmetries in the way positive
and negative world price changes are transmitted to domestic markets. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Krivonos, Ekaterina |
| author_facet |
Krivonos, Ekaterina |
| author_sort |
Krivonos, Ekaterina |
| title |
The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| title_short |
The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| title_full |
The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| title_fullStr |
The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| title_full_unstemmed |
The Impact of Coffee Market Reforms on Producer Prices and Price Transmission |
| title_sort |
impact of coffee market reforms on producer prices and price transmission |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/07/4986700/impact-coffee-market-reforms-producer-prices-price-transmission http://hdl.handle.net/10986/14183 |
| _version_ |
1764430487543087104 |