Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis

When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with that terms of trade change. Several recent analyses have...

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Main Authors:	Jensen, Hans G., Anderson, Kym
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2018
Subjects:	INTERNATIONAL PRICES COMMODITY PRICES PRICE STABILIZATION MARKET INSULATION DISTORTED INCENTIVES PRICE TRANSMISSION GRAIN FOOD SECURITY TRADE POLICY
Online Access:	http://hdl.handle.net/10986/30132

id	okr-10986-30132
recordtype	oai_dc
spelling	okr-10986-301322021-05-25T10:54:40Z Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis Jensen, Hans G. Anderson, Kym INTERNATIONAL PRICES COMMODITY PRICES PRICE STABILIZATION MARKET INSULATION DISTORTED INCENTIVES PRICE TRANSMISSION GRAIN FOOD SECURITY TRADE POLICY When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with that terms of trade change. Several recent analyses have assessed the extent to which those policies contributed to the 2006–08 international price rises but only by focusing on one commodity or by using a back-of-the envelope (BOTE) method. The present more comprehensive analysis uses a global, economy-wide model that is able to take account of the interactions between markets for farm products that are closely related in production and/or consumption and able to estimate the impacts of those insulating policies on grain prices and on the grain trade and economic welfare of the world's various countries. Our results support the conclusion from earlier studies that there is a need for stronger WTO disciplines on export restrictions. 2018-08-03T19:36:41Z 2018-08-03T19:36:41Z 2017-02 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/30132 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	INTERNATIONAL PRICES COMMODITY PRICES PRICE STABILIZATION MARKET INSULATION DISTORTED INCENTIVES PRICE TRANSMISSION GRAIN FOOD SECURITY TRADE POLICY
spellingShingle	INTERNATIONAL PRICES COMMODITY PRICES PRICE STABILIZATION MARKET INSULATION DISTORTED INCENTIVES PRICE TRANSMISSION GRAIN FOOD SECURITY TRADE POLICY Jensen, Hans G. Anderson, Kym Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
description	When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with that terms of trade change. Several recent analyses have assessed the extent to which those policies contributed to the 2006–08 international price rises but only by focusing on one commodity or by using a back-of-the envelope (BOTE) method. The present more comprehensive analysis uses a global, economy-wide model that is able to take account of the interactions between markets for farm products that are closely related in production and/or consumption and able to estimate the impacts of those insulating policies on grain prices and on the grain trade and economic welfare of the world's various countries. Our results support the conclusion from earlier studies that there is a need for stronger WTO disciplines on export restrictions.
format	Journal Article
author	Jensen, Hans G. Anderson, Kym
author_facet	Jensen, Hans G. Anderson, Kym
author_sort	Jensen, Hans G.
title	Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
title_short	Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
title_full	Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
title_fullStr	Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
title_full_unstemmed	Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis
title_sort	grain price spikes and beggar-thy-neighbor policy responses : a global economywide analysis
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2018
url	http://hdl.handle.net/10986/30132
_version_	1764471289744982016

Grain Price Spikes and Beggar-thy-Neighbor Policy Responses : A Global Economywide Analysis

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