Publication:
Incomplete, Slow, and Asymmetric Price Transmission in Ten Product Markets of Bolivia
dc.contributor.author | Varela, Gonzalo J. | |
dc.date.accessioned | 2013-01-28T23:05:31Z | |
dc.date.available | 2013-01-28T23:05:31Z | |
dc.date.issued | 2012-12 | |
dc.description.abstract | With food prices on the rise, understanding the transmission of price shocks, both internationally and domestically, is central for trade policy analysis. This paper examines spatial market integration and its determinants for ten key food products in Bolivia, across the four most important cities, and with the world, over the period 1991-2008. Within Bolivia, markets for onions, chicken, sugar, and to a lower extent for potatoes, cooking oil, wheat flour, and rice are integrated. However, only chicken, sugar, cooking oil, and rice are integrated with world markets, with incomplete and slow transmission. The perennial result of asymmetric price adjustment to foreign shocks also holds for Bolivia: domestic prices respond faster when the world price increases than when it decreases. This points to a perennial recommendation: the importance of stimulating competitive practices to avoid welfare redistribution due to imperfect competition. Infrastructure improvements will also contribute to accessible food prices for the poor. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2012/12/17065167/incomplete-slow-asymmetric-price-transmission-ten-product-markets-bolivia | |
dc.identifier.uri | http://hdl.handle.net/10986/12187 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Policy Research Working Paper; No. 6291 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | AGRICULTURAL ECONOMICS | |
dc.subject | AIR | |
dc.subject | ARBITRAGE | |
dc.subject | AVERAGE PRICE | |
dc.subject | BANANAS | |
dc.subject | BARRIER | |
dc.subject | BEEF | |
dc.subject | BINDING CONSTRAINTS | |
dc.subject | CELLULAR PHONES | |
dc.subject | COMMODITY | |
dc.subject | COMMODITY PRICE | |
dc.subject | COMMODITY PRICES | |
dc.subject | COOKING | |
dc.subject | CURRENCY | |
dc.subject | DEVELOPING COUNTRIES | |
dc.subject | DEVELOPING ECONOMIES | |
dc.subject | DOMESTIC MARKET | |
dc.subject | DOMESTIC MARKETS | |
dc.subject | DOMESTIC PRICE | |
dc.subject | DOMESTIC PRICES | |
dc.subject | EXCHANGE RATE | |
dc.subject | EXPENDITURE | |
dc.subject | FOOD POLICY | |
dc.subject | FOOD PRICE | |
dc.subject | FOOD PRICE INFLATION | |
dc.subject | FOOD PRICES | |
dc.subject | FOOD PRODUCTS | |
dc.subject | FOREIGN CURRENCY | |
dc.subject | FRUIT | |
dc.subject | GOVERNMENT INTERVENTION | |
dc.subject | GOVERNMENT INTERVENTIONS | |
dc.subject | GROWTH RATES | |
dc.subject | HIGH TRANSPORTATION | |
dc.subject | INFORMATION FLOWS | |
dc.subject | INFRASTRUCTURE INVESTMENT | |
dc.subject | INFRASTRUCTURE INVESTMENTS | |
dc.subject | INTERNATIONAL MARKET | |
dc.subject | INTERNATIONAL TRADE | |
dc.subject | MAIZE | |
dc.subject | MARKET CONDITIONS | |
dc.subject | MARKET FAILURE | |
dc.subject | MARKET INEFFICIENCIES | |
dc.subject | MARKET INTEGRATION | |
dc.subject | MARKET POWER | |
dc.subject | MARKETING | |
dc.subject | OPEN ECONOMY | |
dc.subject | OUTPUT | |
dc.subject | PACKAGING | |
dc.subject | POLITICAL ECONOMY | |
dc.subject | POPULATION DENSITIES | |
dc.subject | POPULATION DENSITY | |
dc.subject | POTATO | |
dc.subject | POTATOES | |
dc.subject | PRICE ADJUSTMENT | |
dc.subject | PRICE BEHAVIOR | |
dc.subject | PRICE CHANGE | |
dc.subject | PRICE CHANGES | |
dc.subject | PRICE DECREASE | |
dc.subject | PRICE DECREASES | |
dc.subject | PRICE INCREASE | |
dc.subject | PRICE INCREASES | |
dc.subject | PRICE INFLATION | |
dc.subject | PRICE LEVELS | |
dc.subject | PRICE MOVEMENTS | |
dc.subject | PRICE SERIES | |
dc.subject | PRICE VARIATIONS | |
dc.subject | PRICE VOLATILITY | |
dc.subject | PRODUCT MARKETS | |
dc.subject | PRODUCTION STRUCTURES | |
dc.subject | PUBLIC POLICY | |
dc.subject | RETAIL | |
dc.subject | RETAIL PRICES | |
dc.subject | ROAD | |
dc.subject | ROAD INFRASTRUCTURE | |
dc.subject | ROAD QUALITY | |
dc.subject | ROADS | |
dc.subject | ROUTE | |
dc.subject | SEASONAL FACTORS | |
dc.subject | SOYBEAN | |
dc.subject | SOYBEANS | |
dc.subject | SPEEDS | |
dc.subject | SUBSTITUTES | |
dc.subject | SUBSTITUTION | |
dc.subject | SUGAR | |
dc.subject | SUGAR CANE | |
dc.subject | SURPLUS | |
dc.subject | TRANSPORT | |
dc.subject | TRANSPORT COSTS | |
dc.subject | TRANSPORT INFRASTRUCTURE | |
dc.subject | TRANSPORTATION | |
dc.subject | TRANSPORTATION COSTS | |
dc.subject | TRUE | |
dc.subject | VOLATILITY | |
dc.subject | WHEAT | |
dc.subject | WHEAT FLOUR | |
dc.subject | WORLD MARKETS | |
dc.title | Incomplete, Slow, and Asymmetric Price Transmission in Ten Product Markets of Bolivia | en |
dspace.entity.type | Publication | |
okr.crosscuttingsolutionarea | Jobs | |
okr.date.disclosure | 2012-12-01 | |
okr.doctype | Publications & Research :: Policy Research Working Paper | |
okr.doctype | Publications & Research | |
okr.docurl | http://documents.worldbank.org/curated/en/2012/12/17065167/incomplete-slow-asymmetric-price-transmission-ten-product-markets-bolivia | |
okr.globalpractice | Macroeconomics and Fiscal Management | |
okr.globalpractice | Transport and ICT | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Trade and Competitiveness | |
okr.identifier.doi | 10.1596/1813-9450-6291 | |
okr.identifier.externaldocumentum | 000158349_20121212084012 | |
okr.identifier.internaldocumentum | 17065167 | |
okr.identifier.report | WPS6291 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/12/12/000158349_20121212084012/Rendered/PDF/wps6291.pdf | en |
okr.region.administrative | Latin America & Caribbean | |
okr.region.country | Bolivia | |
okr.topic | International Economics and Trade :: Access to Markets | |
okr.topic | Food and Beverage Industry | |
okr.topic | Macroeconomics and Economic Growth :: Markets and Market Access | |
okr.topic | Private Sector Development :: Emerging Markets | |
okr.topic | Transport Economics Policy and Planning | |
okr.topic | Industry | |
okr.topic | Transport | |
okr.unit | Development Research Group (DECRG) | |
okr.volume | 1 of 1 | |
relation.isSeriesOfPublication | 26e071dc-b0bf-409c-b982-df2970295c87 |
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