Publication:
Incomplete, Slow, and Asymmetric Price Transmission in Ten Product Markets of Bolivia

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dc.contributor.authorVarela, Gonzalo J.
dc.date.accessioned2013-01-28T23:05:31Z
dc.date.available2013-01-28T23:05:31Z
dc.date.issued2012-12
dc.description.abstractWith 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.identifierhttp://documents.worldbank.org/curated/en/2012/12/17065167/incomplete-slow-asymmetric-price-transmission-ten-product-markets-bolivia
dc.identifier.doi10.1596/1813-9450-6291
dc.identifier.urihttps://hdl.handle.net/10986/12187
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 6291
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAIR
dc.subjectARBITRAGE
dc.subjectAVERAGE PRICE
dc.subjectBANANAS
dc.subjectBARRIER
dc.subjectBEEF
dc.subjectBINDING CONSTRAINTS
dc.subjectCELLULAR PHONES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOOKING
dc.subjectCURRENCY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectFOOD POLICY
dc.subjectFOOD PRICE
dc.subjectFOOD PRICE INFLATION
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTS
dc.subjectFOREIGN CURRENCY
dc.subjectFRUIT
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGROWTH RATES
dc.subjectHIGH TRANSPORTATION
dc.subjectINFORMATION FLOWS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL TRADE
dc.subjectMAIZE
dc.subjectMARKET CONDITIONS
dc.subjectMARKET FAILURE
dc.subjectMARKET INEFFICIENCIES
dc.subjectMARKET INTEGRATION
dc.subjectMARKET POWER
dc.subjectMARKETING
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPACKAGING
dc.subjectPOLITICAL ECONOMY
dc.subjectPOPULATION DENSITIES
dc.subjectPOPULATION DENSITY
dc.subjectPOTATO
dc.subjectPOTATOES
dc.subjectPRICE ADJUSTMENT
dc.subjectPRICE BEHAVIOR
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE DECREASE
dc.subjectPRICE DECREASES
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE INFLATION
dc.subjectPRICE LEVELS
dc.subjectPRICE MOVEMENTS
dc.subjectPRICE SERIES
dc.subjectPRICE VARIATIONS
dc.subjectPRICE VOLATILITY
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION STRUCTURES
dc.subjectPUBLIC POLICY
dc.subjectRETAIL
dc.subjectRETAIL PRICES
dc.subjectROAD
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD QUALITY
dc.subjectROADS
dc.subjectROUTE
dc.subjectSEASONAL FACTORS
dc.subjectSOYBEAN
dc.subjectSOYBEANS
dc.subjectSPEEDS
dc.subjectSUBSTITUTES
dc.subjectSUBSTITUTION
dc.subjectSUGAR
dc.subjectSUGAR CANE
dc.subjectSURPLUS
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COSTS
dc.subjectTRUE
dc.subjectVOLATILITY
dc.subjectWHEAT
dc.subjectWHEAT FLOUR
dc.subjectWORLD MARKETS
dc.titleIncomplete, Slow, and Asymmetric Price Transmission in Ten Product Markets of Boliviaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleIncomplete, Slow, and Asymmetric Price Transmission in Ten Product Markets of Bolivia
okr.date.disclosure2012-12-01
okr.date.doiregistration2025-04-10T12:13:15.017775Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/12/17065167/incomplete-slow-asymmetric-price-transmission-ten-product-markets-bolivia
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid772031468207557097
okr.identifier.doi10.1596/1813-9450-6291
okr.identifier.externaldocumentum000158349_20121212084012
okr.identifier.internaldocumentum17065167
okr.identifier.reportWPS6291
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/12/12/000158349_20121212084012/Rendered/PDF/wps6291.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBolivia
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.topicTransport Economics Policy and Planning
okr.topicIndustry
okr.topicTransport
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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