Aufsatz
Domestic policy responses to the food price crisis: The case of Bolivia
Abstract
In face of the global food crisis of 2007-2008, severe concerns arose about how developing countries would be affected by the extreme short-term fluctuations in international commodity prices. We examine the effects of the crisis on Bolivia, one of the poorest countries of the Americas. We focus on the effectiveness of the domestic policy interventions in preventing spillovers of the development of international food prices to domestic markets. Using a cointegration model, we study price interdependencies of wheat flour, sunflower oil and poultry. The analysis suggests that the policy measures taken had little effect on food security during the food crisis. Throughout the entire period, perfect price transmission between the Bolivian poultry and sunflower oil markets and the respective international reference markets existed. Bolivian prices were determined by international prices and the policy interventions in the markets of these two commodities were not found to have had an effect. The government's large-scale wheat flour imports did not shield Bolivian consumers from the shocks of international prices.
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Vol 112, No 2 (2011) (Journal of Agriculture and Rural Development in the Tropics and Subtropics (JARTS))Citation
@article{urn:nbn:de:hebis:34-2012011740368,
author={Schüttel, Carsten and Kleinwechter, Ulrich and Ihle, Rico and Grethe, Harald},
title={Domestic policy responses to the food price crisis: The case of Bolivia},
year={2011}
}
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<resource xsi:schemaLocation="http://datacite.org/schema/kernel-2.2 http://schema.datacite.org/meta/kernel-2.2/metadata.xsd"> 2012-06-15T09:34:11Z 2012-06-15T09:34:11Z 2011 1612-9830 urn:nbn:de:hebis:34-2012011740368 http://hdl.handle.net/123456789/2012011740368 eng Kassel University Press Urheberrechtlich geschützt https://rightsstatements.org/page/InC/1.0/ agricultural trade policies Bolivia cointegration error-correction food crisis food security market integration price transmission 630 Domestic policy responses to the food price crisis: The case of Bolivia Aufsatz In face of the global food crisis of 2007-2008, severe concerns arose about how developing countries would be affected by the extreme short-term fluctuations in international commodity prices. We examine the effects of the crisis on Bolivia, one of the poorest countries of the Americas. We focus on the effectiveness of the domestic policy interventions in preventing spillovers of the development of international food prices to domestic markets. Using a cointegration model, we study price interdependencies of wheat flour, sunflower oil and poultry. The analysis suggests that the policy measures taken had little effect on food security during the food crisis. Throughout the entire period, perfect price transmission between the Bolivian poultry and sunflower oil markets and the respective international reference markets existed. Bolivian prices were determined by international prices and the policy interventions in the markets of these two commodities were not found to have had an effect. The government's large-scale wheat flour imports did not shield Bolivian consumers from the shocks of international prices. open access In: Journal of Agriculture and Rural Development in the Tropics and Subtropics. Kassel : Kassel University Press. - Vol. 112, No. 2 (2011), S. 125-139 Schüttel, Carsten Kleinwechter, Ulrich Ihle, Rico Grethe, Harald Gedruckte Ausg. im Verlag Kassel Univ. Press (www.upress.uni-kassel.de) erschienen. </resource>
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