How Vulnerable are Arab Countries to Global Food Price Shocks?

We estimate pass-through effects of international food price movements into domestic food prices for 18 countries in the Middle East and North Africa, using threshold regressions. International price movements transmit to various degrees into domestic prices. Transmission is mostly asymmetric, pushi...

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Main Authors:	Ianchovichina, Elena I., Loening, Josef L., Wood, Christina A.
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2014
Subjects:	inflation food price pass-through food subsidies fiscal policy Arab world threshold regression price controls market distortions food price policy Arab Spring
Online Access:	http://hdl.handle.net/10986/20477

id	okr-10986-20477
recordtype	oai_dc
spelling	okr-10986-204772021-04-23T14:03:56Z How Vulnerable are Arab Countries to Global Food Price Shocks? Ianchovichina, Elena I. Loening, Josef L. Wood, Christina A. inflation food price pass-through food subsidies fiscal policy Arab world threshold regression food subsidies price controls market distortions food price policy Arab Spring We estimate pass-through effects of international food price movements into domestic food prices for 18 countries in the Middle East and North Africa, using threshold regressions. International price movements transmit to various degrees into domestic prices. Transmission is mostly asymmetric, pushing domestic price levels up as increases in international food prices are typically passed through, but declines are rarely transmitted. This situation is indicative of policy and market distortions, notably the presence of food subsidies in the context of fiscal constraints. Hence, both international prices and their volatility matter for domestic inflation, yet domestic factors also play a role. 2014-10-28T18:20:33Z 2014-10-28T18:20:33Z 2014-06-27 Journal Article Journal of Development Studies 0022-0388 http://hdl.handle.net/10986/20477 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Middle East and North Africa North Africa Middle East
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	inflation food price pass-through food subsidies fiscal policy Arab world threshold regression food subsidies price controls market distortions food price policy Arab Spring
spellingShingle	inflation food price pass-through food subsidies fiscal policy Arab world threshold regression food subsidies price controls market distortions food price policy Arab Spring Ianchovichina, Elena I. Loening, Josef L. Wood, Christina A. How Vulnerable are Arab Countries to Global Food Price Shocks?
geographic_facet	Middle East and North Africa North Africa Middle East
description	We estimate pass-through effects of international food price movements into domestic food prices for 18 countries in the Middle East and North Africa, using threshold regressions. International price movements transmit to various degrees into domestic prices. Transmission is mostly asymmetric, pushing domestic price levels up as increases in international food prices are typically passed through, but declines are rarely transmitted. This situation is indicative of policy and market distortions, notably the presence of food subsidies in the context of fiscal constraints. Hence, both international prices and their volatility matter for domestic inflation, yet domestic factors also play a role.
format	Journal Article
author	Ianchovichina, Elena I. Loening, Josef L. Wood, Christina A.
author_facet	Ianchovichina, Elena I. Loening, Josef L. Wood, Christina A.
author_sort	Ianchovichina, Elena I.
title	How Vulnerable are Arab Countries to Global Food Price Shocks?
title_short	How Vulnerable are Arab Countries to Global Food Price Shocks?
title_full	How Vulnerable are Arab Countries to Global Food Price Shocks?
title_fullStr	How Vulnerable are Arab Countries to Global Food Price Shocks?
title_full_unstemmed	How Vulnerable are Arab Countries to Global Food Price Shocks?
title_sort	how vulnerable are arab countries to global food price shocks?
publisher	Taylor and Francis
publishDate	2014
url	http://hdl.handle.net/10986/20477
_version_	1764445483095293952

How Vulnerable are Arab Countries to Global Food Price Shocks?

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