Publication:
Food Price Spikes, Price Insulation, and Poverty

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dc.contributor.authorIvanic, Maros
dc.contributor.authorAnderson, Kym
dc.contributor.authorMartin, Will
dc.date.accessioned2013-09-26T20:47:04Z
dc.date.available2013-09-26T20:47:04Z
dc.date.issued2013-07
dc.description.abstractThis paper has two purposes. It first considers the impact on world food prices of the changes in restrictions on trade in staple foods during the 2008 world food price crisis. Those changes -- reductions in import protection or increases in export restraints -- were meant to partially insulate domestic markets from the spike in international prices. The authors find that this insulation added substantially to the spike in international prices for rice, wheat, maize, and oilseeds. As a result, although domestic prices rose less than they would have without insulation in some developing countries, in many other countries they rose more than they would have in the absence of such insulation. The paper's second purpose it to estimate the combined impact of such insulating behavior on poverty in various developing countries and globally. The analysis finds that the actual poverty-reducing impact of insulation is much less than its apparent impact, and that its net effect was to increase global poverty in 2008 by 8 million people, although this increase was not significantly different from zero. Since there are domestic policy instruments, such as conditional cash transfers, that could now provide social protection for the poor far more efficiently and equitably than variations in border restrictions, the authors suggest it is time to seek a multilateral agreement to desist from changing restrictions on trade when international food prices spike.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/07/18020399/food-price-spikes-price-insulation-poverty
dc.identifier.doi10.1596/1813-9450-6535
dc.identifier.urihttps://hdl.handle.net/10986/15893
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6535
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL PRICE
dc.subjectAGRICULTURAL WAGES
dc.subjectAGRICULTURE
dc.subjectBALANCE SHEET
dc.subjectBARS
dc.subjectBORDER PRICE
dc.subjectCASH TRANSFERS
dc.subjectCEREALS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE STABILIZATION
dc.subjectCOMMODITY PRICES
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectDAIRY
dc.subjectDATES
dc.subjectDEMAND ELASTICITY
dc.subjectDEMAND FOR FOOD
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC GROWTH
dc.subjectEDIBLE OILS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFARM HOUSEHOLDS
dc.subjectFARMERS
dc.subjectFINANCIAL CRISIS
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD EXPENDITURE
dc.subjectFOOD EXPENDITURES
dc.subjectFOOD ITEMS
dc.subjectFOOD POLICY
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTS
dc.subjectFOOD STAPLES
dc.subjectFRUITS
dc.subjectFUTURE PRICE
dc.subjectFUTURES
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL POVERTY
dc.subjectGRAINS
dc.subjectGROUNDNUTS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEY
dc.subjectIMPORT SUBSIDIES
dc.subjectINCOME
dc.subjectINCOME EFFECTS
dc.subjectINCOME GROUPS
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINVENTORY
dc.subjectLIBERALIZATION
dc.subjectLOCAL CURRENCY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMAIZE
dc.subjectMARKET PRICES
dc.subjectMARKET SHARE
dc.subjectMARKETPLACE
dc.subjectMEATS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectOIL PRODUCTS
dc.subjectOUTPUT
dc.subjectPALM OIL
dc.subjectPOOR
dc.subjectPOOR COUNTRIES
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOOR POPULATIONS
dc.subjectPOOR RURAL PEOPLE
dc.subjectPOVERTY ESTIMATES
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY LINE
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITY
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE LEVEL
dc.subjectPRICE LEVELS
dc.subjectPRICE SERIES
dc.subjectPRICE STABILIZATION
dc.subjectPRICE VOLATILITY
dc.subjectPRICING POLICIES
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICE INDEX
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectREPUTATION
dc.subjectRISK MANAGEMENT
dc.subjectRURAL
dc.subjectRURAL DEVELOPMENT
dc.subjectSAFETY NET MEASURES
dc.subjectSALE
dc.subjectSALES
dc.subjectSHARE OF WORLD OUTPUT
dc.subjectSMALL COUNTRIES
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOYBEAN
dc.subjectSOYBEANS
dc.subjectSTAPLE FOODS
dc.subjectSTOCKS
dc.subjectSUGAR
dc.subjectSUPPLIERS
dc.subjectSUPPLY ELASTICITY
dc.subjectTAX RATES
dc.subjectTRADE TAX
dc.subjectTRADE TAXES
dc.subjectURBANIZATION
dc.subjectVEGETABLES
dc.subjectWHEAT
dc.subjectWORLD MARKET
dc.subjectWORLD TRADE
dc.subjectinternational price transmission
dc.subjectloss aversion
dc.subjecttrade and poverty
dc.titleFood Price Spikes, Price Insulation, and Povertyen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleFood Price Spikes, Price Insulation, and Poverty
okr.date.disclosure2013-07-01
okr.date.doiregistration2025-04-10T09:57:02.202066Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/07/18020399/food-price-spikes-price-insulation-poverty
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid533251468340210092
okr.identifier.doi10.1596/1813-9450-6535
okr.identifier.externaldocumentum000158349_20130718093923
okr.identifier.internaldocumentum18020399
okr.identifier.reportWPS6535
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/18/000158349_20130718093923/Rendered/PDF/WPS6535.pdfen
okr.sectorIndustry and trade :: Other domestic and international trade
okr.themeTrade and integration :: Regional integration
okr.topicInternational Economics and Trade::Access to Markets
okr.topicFood and Beverage Industry
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicIndustry
okr.unitAgriculture and Rural Development Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublication952f550f-cf8c-5d8d-9ae5-d0208ea5edd1
relation.isAuthorOfPublicationd6af18a6-3a50-5065-99ee-20853402f262
relation.isAuthorOfPublication.latestForDiscoveryd6af18a6-3a50-5065-99ee-20853402f262
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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