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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