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

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dc.contributor.authorJensen, Hans G
dc.contributor.authorAnderson, Kym
dc.date.accessioned2014-10-06T19:58:44Z
dc.date.available2014-10-06T19:58:44Z
dc.date.issued2014-08
dc.description.abstractWhen 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 the terms of trade change. Several recent analyses have assessed the extent to which those policies contributed to the 2006-08 international price rise, but only by focusing on one commodity or using a back-of-the-envelope method. This paper provides a more comprehensive analysis that uses a global economywide model that is able to take account of the interactions between markets for farm products that are closely related in production or consumption. The model is able to estimate the impacts of those insulating policies on grain prices and on the grain trade and economic welfare of various countries. The results support the conclusion from earlier studies that there is a need for stronger World Trade Organization disciplines on export restrictions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/08/20127805/grain-price-spikes-beggar-thy-neighbor-policy-responses-global-economywide-analysis-grain-price-spikes-beggar-thy-neighbor-policy-responses-global-economywide-analysis
dc.identifier.doi10.1596/1813-9450-7007
dc.identifier.urihttps://hdl.handle.net/10986/20363
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7007
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL PRICE
dc.subjectAGRICULTURE
dc.subjectALLOCATION
dc.subjectALLOWANCE
dc.subjectBARRIER
dc.subjectBORDER PRICE
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE BOOMS
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectCONSUMER PRICES
dc.subjectCORRELATION COEFFICIENT
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCURRENCY
dc.subjectDAIRY
dc.subjectDEMAND CURVE
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectDOMESTIC PRODUCTION
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC WELFARE
dc.subjectEQUILIBRIUM
dc.subjectEXCESS SUPPLY
dc.subjectEXOGENOUS SHOCK
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXOGENOUS SUPPLY
dc.subjectEXPORT SUBSIDIES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXTREME WEATHER
dc.subjectEXTREME WEATHER EVENTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL CRISIS
dc.subjectFOOD EXPORT
dc.subjectFOOD EXPORTS
dc.subjectFOOD IMPORTS
dc.subjectFOOD MARKETS
dc.subjectFOOD POLICY
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTS
dc.subjectFOODS
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGRAIN PRODUCTION
dc.subjectGRAINS
dc.subjectHIGH-INCOME COUNTRIES
dc.subjectIMPORT
dc.subjectIMPORT PROTECTION
dc.subjectIMPORT RESTRICTIONS
dc.subjectIMPORT TARIFF
dc.subjectIMPORT TARIFFS
dc.subjectINCOME
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL PRICE
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL TRADE
dc.subjectLIVESTOCK PRODUCTS
dc.subjectMAIZE
dc.subjectMARKET ACCESS
dc.subjectMARKET PRICE
dc.subjectMARKETPLACE
dc.subjectMEAT
dc.subjectMULTILATERAL TRADE
dc.subjectOUTPUT
dc.subjectPADDY
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE COMPARISONS
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE ELASTICITIES
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRICE IMPACTS
dc.subjectPRICE INCREASES
dc.subjectPRICE STABILIZATION
dc.subjectPRICE SUPPORT
dc.subjectPRICE SUPPORTS
dc.subjectPRICE VOLATILITY
dc.subjectPROCESSED FOODS
dc.subjectPRODUCER PRICE
dc.subjectPRODUCT MARKETS
dc.subjectSEVERE WEATHER
dc.subjectSHORTFALL
dc.subjectSHORTFALLS
dc.subjectSMALL COUNTRIES
dc.subjectSOCIAL SAFETY NET
dc.subjectSOCIAL SAFETY NETS
dc.subjectSTOCK CHANGES
dc.subjectSTOCKS
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTES
dc.subjectSUPPLY CURVE
dc.subjectSUPPLY RESPONSE
dc.subjectSUPPLY RESPONSES
dc.subjectSUPPLY SHOCK
dc.subjectSUPPLY SHOCKS
dc.subjectSURPLUS
dc.subjectSURPLUS COUNTRY
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTRADE BARRIERS
dc.subjectTRADE POLICY
dc.subjectTRADE RESTRICTION
dc.subjectTRADE RESTRICTIONS
dc.subjectTRADE RESTRICTIVENESS
dc.subjectTRADE TAXES
dc.subjectVOLATILITY
dc.subjectWHEAT
dc.subjectWORLD ECONOMY
dc.subjectWORLD MARKET
dc.subjectWORLD TRADE
dc.titleGrain Price Spikes and Beggar-Thy-Neighbor Policy Responses : A Global Economywide Analysisen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleGrain Price Spikes and Beggar-Thy-Neighbor Policy Responses: A Global Economywide Analysis
okr.date.disclosure2014-08-01
okr.date.doiregistration2025-04-10T11:00:43.889582Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/08/20127805/grain-price-spikes-beggar-thy-neighbor-policy-responses-global-economywide-analysis-grain-price-spikes-beggar-thy-neighbor-policy-responses-global-economywide-analysis
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid472501468147868147
okr.identifier.doi10.1596/1813-9450-7007
okr.identifier.externaldocumentum000158349_20140819093316
okr.identifier.internaldocumentum20127805
okr.identifier.reportWPS7007
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/08/19/000158349_20140819093316/Rendered/PDF/WPS7007.pdfen
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicFood and Beverage Industry
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicIndustry
okr.unitAgriculture and Rural Development Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublication952f550f-cf8c-5d8d-9ae5-d0208ea5edd1
relation.isAuthorOfPublication.latestForDiscovery952f550f-cf8c-5d8d-9ae5-d0208ea5edd1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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