How Vulnerable Are Arab Countries to Global Food Price Shocks? Ianchovichina, Elena Loening, Josef Wood, Christina 2012-12-12T16:24:21Z 2012-12-12T16:24:21Z 2012-03
dc.description.abstract This paper presents new estimates of pass-through coefficients from international to domestic food prices by country in the Middle East and North Africa. The estimates indicate that, despite the use of food price subsidies and other government interventions, a rise in global food prices is transmitted to a significant degree into domestic food prices in many countries in the Middle East and North Africa, although cross-country variation is significant. In nearly all countries, domestic food prices are highly downwardly rigid. The finding of asymmetric price transmission suggests that not only international food price levels matter, but also food price volatility. High food pass-through tends to increase inflation pressures, where food consumption shares are high. Domestic factors, often linked to storage, logistics, and procurement, have also played a major role in explaining high food inflation in the majority of countries in the region. en
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper, No. 6018;
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject agricultural commodities
dc.subject Agricultural Economics
dc.subject Agricultural Price
dc.subject Agricultural Prices
dc.subject Agriculture
dc.subject annual growth
dc.subject barley prices
dc.subject beef
dc.subject bill
dc.subject bills
dc.subject bread
dc.subject Central Bank
dc.subject cereal imports
dc.subject commodities
dc.subject commodity
dc.subject commodity markets
dc.subject Commodity price
dc.subject commodity prices
dc.subject consumer price
dc.subject consumer price index
dc.subject consumer prices
dc.subject consumption basket
dc.subject core inflation
dc.subject corn
dc.subject corn prices
dc.subject currency
dc.subject customs duties
dc.subject dependency ratios
dc.subject depreciation
dc.subject developing countries
dc.subject developing economies
dc.subject domestic consumption
dc.subject domestic currency
dc.subject domestic demand
dc.subject domestic exchange
dc.subject domestic exchange rate
dc.subject domestic inflation
dc.subject domestic market
dc.subject domestic markets
dc.subject Domestic price
dc.subject Domestic price levels
dc.subject domestic prices
dc.subject Economic Developments
dc.subject Economic Policy
dc.subject edible oils
dc.subject effective exchange rate
dc.subject Energy Prices
dc.subject exchange rate
dc.subject exchange rate choice
dc.subject exchange rate fluctuations
dc.subject exchange rate shocks
dc.subject exchange rates
dc.subject exogenous factors
dc.subject expenditures
dc.subject exposure
dc.subject external factors
dc.subject Famine
dc.subject financial crisis
dc.subject Fiscal Balances
dc.subject fiscal deficits
dc.subject food availability
dc.subject Food Chain
dc.subject food consumption
dc.subject food crisis
dc.subject food demand
dc.subject food exports
dc.subject Food Grains
dc.subject food imports
dc.subject food insecurity
dc.subject food markets
dc.subject Food Policy
dc.subject Food Policy Research
dc.subject Food Price
dc.subject food price analysis
dc.subject food price controls
dc.subject food price inflation
dc.subject food price subsidies
dc.subject food prices
dc.subject food product
dc.subject food products
dc.subject food reserves
dc.subject food security
dc.subject food subsidies
dc.subject food subsidy
dc.subject foodstuff
dc.subject gauge
dc.subject gold
dc.subject government debt
dc.subject government interventions
dc.subject grain prices
dc.subject grain reserves
dc.subject grains
dc.subject growth rates
dc.subject IFPRI
dc.subject import
dc.subject import demand
dc.subject import prices
dc.subject import protection
dc.subject income
dc.subject incomes
dc.subject inflation expectations
dc.subject inflation rates
dc.subject inflationary expectations
dc.subject inflationary pressures
dc.subject international commodity prices
dc.subject International Financial Statistics
dc.subject International Food Policy Research Institute
dc.subject international market
dc.subject international markets
dc.subject international price
dc.subject International prices
dc.subject international reserves
dc.subject Low-income Countries
dc.subject macroeconomic indicators
dc.subject macroeconomic management
dc.subject market conditions
dc.subject market distortions
dc.subject market exchange rates
dc.subject market information
dc.subject market infrastructure
dc.subject meat
dc.subject nominal exchange rate
dc.subject Oil Exporters
dc.subject oil exporting countries
dc.subject Oil Importers
dc.subject oil prices
dc.subject oil products
dc.subject olive oil
dc.subject palm oil
dc.subject particular country
dc.subject Political Economy
dc.subject population growth
dc.subject price control
dc.subject price controls
dc.subject price decrease
dc.subject Price Distortions
dc.subject price fluctuations
dc.subject price increase
dc.subject price increases
dc.subject price index
dc.subject Price Instability
dc.subject price level
dc.subject price levels
dc.subject price movements
dc.subject price policies
dc.subject price risk
dc.subject price stability
dc.subject Price Trends
dc.subject price volatility
dc.subject producer prices
dc.subject public policy
dc.subject regional trade
dc.subject retail
dc.subject retail price
dc.subject rice
dc.subject risk management
dc.subject savings
dc.subject seasonal factors
dc.subject shortfalls
dc.subject sorghum
dc.subject soybean
dc.subject stock management
dc.subject subsidy policies
dc.subject sugar
dc.subject sugar price
dc.subject sugar prices
dc.subject supply chain
dc.subject supply curve
dc.subject tax
dc.subject total imports
dc.subject transaction costs
dc.subject Uncertainty
dc.subject wheat
dc.subject wholesale markets
dc.subject wholesale price
dc.subject world price
dc.subject world prices
dc.title How Vulnerable Are Arab Countries to Global Food Price Shocks? en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.globalpractice Agriculture
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-6018 WPS6018
okr.language.supported en
okr.region.administrative Middle East and North Africa
okr.region.geographical North Africa
okr.region.geographical Middle East
okr.topic Industry :: Food & Beverage Industry
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.unit Development Research Group (DECRG)
relation.isAuthorOfPublication 814995f9-044c-566a-9355-890a6ac260ae
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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