Author: Bernd Lucke
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 292
Book Description
This book contains both a theoretical analysis of (supply)price stabilization on world agricultural markets and aneconometric investigationof recent sugar market policies.The theoretical part explicitly considers the effects ofprotected domestic markets: It shows price stabilization tobe generally desirable and provides a proof for thenon-existence of rational expectations equilibria on theworld market in a model with inelastic excess supply. Theempirical analysis assesses the effects of the InternationalSugar Agreements of 1968 and 1977. Quota-mechanisms intendedto limit sugar exports are found to have raised the averageworld market price. A reduction in the price's variance,however, is not conceivable. In general, quota agreementsseemto be an inapppropriate instrument of pricestabilization, as they lack a stable equilibriuminterpretation. The method of analysis is time serieseconometrics with particular attention on unit root andcointegration issues. Tests for structural change emplopyedin orderto single out possible effects of the InternationalSugar Agreements.
Author: Bernd Lucke
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 292
Book Description
This book contains both a theoretical analysis of (supply)price stabilization on world agricultural markets and aneconometric investigationof recent sugar market policies.The theoretical part explicitly considers the effects ofprotected domestic markets: It shows price stabilization tobe generally desirable and provides a proof for thenon-existence of rational expectations equilibria on theworld market in a model with inelastic excess supply. Theempirical analysis assesses the effects of the InternationalSugar Agreements of 1968 and 1977. Quota-mechanisms intendedto limit sugar exports are found to have raised the averageworld market price. A reduction in the price's variance,however, is not conceivable. In general, quota agreementsseemto be an inapppropriate instrument of pricestabilization, as they lack a stable equilibriuminterpretation. The method of analysis is time serieseconometrics with particular attention on unit root andcointegration issues. Tests for structural change emplopyedin orderto single out possible effects of the InternationalSugar Agreements.
Author: Avishay Braverman
Publisher: World Bank Publications
ISBN:
Category : Analisis costo-beneficio
Languages : en
Pages : 40
Book Description
Author: Food and Agriculture Organization of the United Nations
Publisher:
ISBN:
Category : Agricultural price supports
Languages : en
Pages : 256
Book Description
Author: Bernd Lucke
Publisher: Springer Science & Business Media
ISBN: 3642467822
Category : Business & Economics
Languages : en
Pages : 274
Book Description
International commodity markets have traditionally attracted the attention of economists, econometricians, and policy makers especially in and following politically tumultuous times. For instance, the primary commodity price boom of 1973/74 and the subsequent period of highly volatile world market prices initiated increased research on commodity markets which quickly focused on possible price stabilization schemes, particularly on buffer stocks. Simultaneously, the issue clearly advanced in priority on the political agenda, such that the United Nations Conference on Trade and Development (UNCTAD) proposed an "Integrated Program for Commodities" (IPC) intended to stabilize the world market prices of ten so-called "core commodities"l (UNCTAD (1974, 1976a), Behrman (1979)). Many developing nations welcomed the IPC almost enthusiastically, but it did not receive more than lukewarm support by major industrialized countries, apparently due to the experience with some thirty international commodity agreements past World War II2. Critical evaluations have, among others, been presented by McNicol (1978), Gordon-Ashworth (1984), and Macbean & Nguyen (1987). The most detailed of these studies is Gordon-Ashworth's, who concludes that "on balance ... the performance of international commodity agreements has been too unreliable and their distributive effects too uneven to secure the development goals that have been set" (1984, p. 284)3. Consequently, the IPC turned out to be quite controversial a topic on the UNCTAD's 1976 meeting in Nairobi and has not been able to gain any impetus since. lThese were cocoa, coffee, copper, cotton, jute, rubber, sisal, sugar, tea, and tin.
Author: Nurul Islam
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 156
Book Description
A brief summary of the analytics of price stabilization; Some operational aspects of food price stabilization policies; Alternatives to price stabilization: crop insurance and futures markets; Price stabilization policy: rationale and objectives; Design and implementation of stabilization policy; Impact of stabilization policy on price variability over time and across countries; Some quantitative estimates of the benefits of stabilization; Rethinking price stabilization policy.
Author:
Publisher:
ISBN:
Category : Food supply
Languages : en
Pages : 92
Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451981678
Category : Business & Economics
Languages : en
Pages : 30
Book Description
This paper aims to illustrate the important fiscal aspects of an agricultural price stabilization fund by examining the operations and experience of the CSSPPA in Côte d’Ivoire. After considering some of the issues that determine whether a price stabilization fund should be in the private or public sector and investigating the fund’s resource mobilization role through explicit and implicit export taxation, the paper discusses issues related to the adequate insulation of producer prices from changing world market prices, and provides a macroeconomic perspective of the fund’s role in the transmission of export stimuli to the domestic economy.
Author: United States. Congress. Senate. Committee on Agriculture and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices
Publisher:
ISBN:
Category : Food relief, American
Languages : en
Pages : 208
Book Description
Author: Andrew Schmitz
Publisher: World Bank Publications
ISBN: 9780821304150
Category : Commodity control.
Languages : en
Pages : 108
Book Description
This essay attempts to clarify and simplify the results of the literature on price stabilization in order to provide a better sense of the conditions under which commodity stabilization schemes will be successful and the welfare effects of such schemes. After introducing the early framework under which price stabilization was analyzed, the paper demonstrates the variance of results under alternative and more realistic situations. It treats topics such as storage and food security, inflation and economic development, public storage and futures markets, and non-storable goods. The conclusions are: (i) some countries may lose from price stabilization even though there is a net global gain; (ii) liberalized trade reduces the need for buffer stocks; (iii) futures markets reduce instability at a lower cost than buffer stocks; (iv) many national price stabilization schemes are actually price support systems used to improve farmers' incomes; (v) good price forecasting is a prerequisite to well-managed buffer stocks; (vi) price stability in poorer countries is not sufficient to avoid occasional food shortages; and (vii) food is costly to store and may not alleviate famine if transportation and distribution systems are inadequate.
Author: Francis Gerard Adams
Publisher: Free Press
ISBN:
Category : Commodity control
Languages : en
Pages : 372
Book Description
