The Price Is Not Always Right : On the Impacts of Commodity Prices on Households (and Countries)

The Price Is Not Always Right : On the Impacts of Commodity Prices on Households (and Countries)

This paper provides an overview of the impact that onetime changes in commodity and other prices have on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncovers strong commodity depen...

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Bibliographic Details
Main Authors: Lederman, Daniel, Porto, Guido
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
LIVING STANDARDS
RETAIL PRICE
MARKET STRUCTURE
SUBSTITUTION
PRODUCTION
PRICE INCREASES
SUNK COSTS
NATIONAL ECONOMY
SALES
INCOME
PERFECT COMPETITION
UTILITY MAXIMIZATION
EXPORTS
ELASTICITY
PRICE INDICES
WELFARE
RISK PREMIUM
LABOR” MARKET
INCENTIVES
EQUILIBRIUM
DISTRIBUTION
WAGE DETERMINATION
VARIABLES
TRADE REFORMS
PRICING
PRICE
REAL INCOME
INPUTS
WEALTH
INFLATION
RETAIL
TRENDS
DEVELOPMENT
EXPORT BARRIERS
LABOR MARKET
DEMAND ANALYSIS
COSTS
MARKET REFORMS
DEVELOPMENT ECONOMICS
PRICE VOLATILITY
PRODUCTS
EXCHANGE RATES
ECONOMETRICS
FAILURES
IMPERFECT COMPETITION
MARKET LIBERALIZATION
PRICE DECLINES
INCOME EFFECTS
MARKETING
MARKETS
FINANCIAL CRISES
AGRICULTURAL PRICES
OPEN ECONOMY
PRICE ELASTICITY
TRADE POLICY
PRODUCT
UTILITY
SUPPLY ELASTICITY
PRICING POLICIES
COMMODITY PRICE
TRADE POLICIES
TAXES
PRICE INFLATION
PRICE CHANGE
EXPENDITURE
CONSUMPTION
OPPORTUNITY COST
SUBSTITUTE
AGGREGATE SUPPLY
WAGES
DOMESTIC MARKETS
INTERNATIONAL TRADE
MARKETING BOARD
VOLATILITY
MARKET FAILURES
FINANCIAL CRISIS
VALUE
CREDIT
PURCHASING POWER
DEMAND
NATIONAL INCOME
UTILITY FUNCTION
MARGINAL COSTS
INEFFICIENCY
FACTOR PRICES
INTERMEDIATE GOODS
PRICE CHANGES
PRODUCTIVE ASSETS
EXPENDITURES
AGRICULTURE
CONSUMERS
PRICE FLUCTUATIONS
PRICE EFFECT
SALE
MEASUREMENT
SHARES
MARKET
TRADE LIBERALIZATION
INCOME EFFECT
ENERGY PRICES
MARKET VALUE
PRICE INCREASE
ECONOMICS
TRADE
GDP
GOODS
THEORY
SHADOW PRICE
COMPARATIVE ANALYSIS
MARKET FLUCTUATIONS
MARKET EQUILIBRIUM
CONSTANT MARGINAL COSTS
TRANSACTIONS COSTS
SUPPLY
PURCHASING
COMPETITIVE MARKETS
CORN PRICES
MARKET POWER
PRODUCT MARKETS
EQUILIBRIUM PRICES
INVESTMENTS
MARKET INTEGRATION
CONSUMER PRICES
PRICE VARIATIONS
ARBITRAGE
PROFITS
LABOR MARKETS
PRICE INDEX
COMMODITY PRICES
COMMERCIAL FARMING
ADVERSE EFFECTS
INTERNATIONAL MARKETS
PRICES
DEVELOPMENT POLICY
Online Access:http://documents.worldbank.org/curated/en/2016/02/25994394/price-not-always-right-impacts-commodity-prices-households-countries
http://hdl.handle.net/10986/23919

Internet

http://documents.worldbank.org/curated/en/2016/02/25994394/price-not-always-right-impacts-commodity-prices-households-countries
http://hdl.handle.net/10986/23919

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