Food Inflation in Sub-Saharan Africa: Causes and Policy Implications

Alper, Emre; Hobdari, Niko; Uppal, Ali

doi:10.5089/9781475563115.001

Cited by 14 publications

(15 citation statements)

References 1 publication

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“…Moreover, Aisen and Veiga (2006) document that a higher degree of political instability is associated with a higher level of inflation. Our finding also supports Alper, Hobdari, and Uppal (2016), Walsh (2011) and Caceres, Poplawski-Ribeiro, and Tartari (2013) who emphasise the influences of food inflation. Second, the other group, including shocks to real activities, nominal effective exchange rate, and monetary variables, explains about 55 per cent of inflation variations.…”

Section: Global Vector Autoregressionsupporting

confidence: 90%

Assessing Inflation Convergence in the East African Community

Dridi

Nguyen

2018

J of Intl Development

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The paper investigates inflation convergence in five East African countries: Burundi, Kenya, Rwanda, Tanzania and Uganda, as they aspire to form a monetary union by 2024 under the umbrella of the East African Community (EAC). We find that inflation differentials in the five EAC countries are not persistent, implying that inflation rates in these countries have been converging. This convergence can be attributed to a similarity in terms of the nature of shocks affecting EAC countries as well as the crucial role of foreign factors as drivers of inflation in these countries since the early 1990s. © 2018 John Wiley & Sons, Ltd.

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Section: Global Vector Autoregressionsupporting

confidence: 90%

Assessing Inflation Convergence in the East African Community

Dridi

Nguyen

2018

J of Intl Development

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“…The extent of price volatility in food markets is negatively impacting on the chances of African countries towards attaining economic growth and reduction of poverty (Adam & Paice, 2017).This price volatility in food markets is among the most critical economic and food challenges facing policy makers in Africa (Gilbert et al, 2017). It has generated some anxiety and resulted in real problems in the countries in sub-Saharan Africa (Alper et al, 2016). However, with the right plan of action, investments, and development programmes in place, smallholder farmers could greatly increase food production, which will improve their lives and contribute to better food security for all (FAO, 2015).…”

Section: Introductionmentioning

confidence: 99%

Analysis of farmers’ food price volatility and Nigeria’s growth enhancement support scheme

Uduji

Okolo‐Obasi

Asongu

2020

African Journal of Science, Technology, Innovation and Developm

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The prices of food in Nigeria have become considerably higher and more volatile since 2012.The aim of this research was to ascertain factors affecting farmers' involvement in the growth enhancement support programme (GESS) in the country. We ascertained the effect of the GESS on the handiness of market information and agricultural inputs that impact on price volatility at farm gate level. In number, 600 rural farmers were sampled across the six geopolitical zones of Nigeria. Results obtained from the use of a bivariate probit model show that farmers relied on the GESS for resolving food price volatility by making available the food market information and agricultural inputs that cut down the incidence and degree of panic-compelled price increment in Nigeria. The findings suggested the need to enhance the GESS in line with the agricultural transformation agenda (ATA) by reducing the hindrances mostly connected to the use of mobile phones, and how far the registration and collection centers are.

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“…There are various alternative measures of persistence of inflation. As noted in Dias and Marques (2005) and Alper et al, (2016), the most common measure is the sum of the autoregressive coefficients (SARC 5 ) in univariate inflation equation, in which a higher estimate of the SARC indicates greater…”

Section: Trends In Inflationmentioning

confidence: 99%

Inflation Threshold Effects on Growth in Ethiopia: Evidence from Food and Non-food Sectors

Tenaw¹,

Demeke²

2020

Preprint

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Economists have long been interested in examining inflation-growth nexus. Nevertheless, the nature of their relationship and the optimal level of inflation threshold for economic growth have still remained controversial in both theoretical and empirical works. Accordingly, this study investigates the existence of threshold effects of inflation on economic growth in Ethiopia over the period 1975-2018 using a Two-regime Threshold Auto-regressive (TAR) model. The study mainly departs from previous works since it estimates sector-specific inflation threshold level in food and non-food sectors. Our preliminary analyses clearly reveal that inflation in food sector has become more volatile, less-persistent and key contributor to the general inflation as compared to its non-food counterpart. Further, The TAR model results and robustness checks indicate the existence of inflation threshold in a range of 9-10%. In particular, the threshold level for food inflation is 10% and 8% for non-food inflation. In all cases, our results robustly confirm growth-detrimental effects of inflation after the threshold levels. After all, this study suggests the need for considering specific behaviors of food and non-food prices, and implementing appropriate fiscal and monetary policies to bring inflation down to a single-digit level.

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Food Inflation in Sub-Saharan Africa: Causes and Policy Implications

Cited by 14 publications

References 1 publication

Assessing Inflation Convergence in the East African Community

Assessing Inflation Convergence in the East African Community

Analysis of farmers’ food price volatility and Nigeria’s growth enhancement support scheme

Inflation Threshold Effects on Growth in Ethiopia: Evidence from Food and Non-food Sectors

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