Local impacts of a global crisis: Food price transmission, consumer welfare and poverty in Ghana

Cudjoe, Godsway; Breisinger, Clemens; Diao, Xinshen

doi:10.1016/j.foodpol.2010.01.004

Cited by 109 publications

(83 citation statements)

References 23 publications

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“…Such findings are supported by other studies on countries in Africa (Benson, Mugarura, and Wanda 2008;Cudjoe, Breisinger, and Diao 2010;Minot 2011), Asia (Dawe 2008;Robles 2011), and Latin America (de Janvry and Sadoulet 2010; Robles 2011).…”

Section: Introductionsupporting

confidence: 78%

International to Domestic Price Transmission in Fourteen Developing Countries during the 2007–8 Food Crisis

Baltzer¹

2014

Food Price Policy in an Era of Market Instability

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This paper synthesizes the evidence on price transmission from international maize, rice and wheat markets to domestic markets in fourteen developing countries during the global food crisis in 2007-08. A great variation in the price transmission patterns is observed; from almost no price pass-through in China and India, over close relationship between international and domestic prices in Brazil and South Africa, to substantial domestic price overshooting in Ethiopia and Nigeria. Much of this variation can be explained by price stabilization policies, public policy failure, incomplete market integration, and coinciding domestic shocks.

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Section: Introductionsupporting

confidence: 78%

International to Domestic Price Transmission in Fourteen Developing Countries during the 2007–8 Food Crisis

Baltzer¹

2014

Food Price Policy in an Era of Market Instability

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“…Accordingly, the gradual declining shift of RCA from 2009 shows Ghana has been losing her comparative advantage. This affirm the recent studies (Lanç on and Benz , 2007; Cudjoe et al, 2010) which have asserted that Ghana recently depends on importing food products showing that Ghana is losing grip on being once a powerhouse of food exports to the world. Generally, the comparative analysis of RCA demonstrates that for the product of SITC 0, Ghana whiles currently showing decline in RCA value is positioned more advantageously than China in the world market.…”

Section: Sitc 0 -Food Productssupporting

confidence: 81%

Has the Special Economic Zone Approach Improve Ghana’s Competitiveness in the Global Market?

Kutin-Mensah

Huang

Boateng

et al. 2017

BER

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Ghana adopted the Special Economic Zones (SEZs) model in an attempt to stimulate economic growth by moving from an era of import-based to an export-based development strategy and also to potentially improve competiveness in the world market. However, until now, it is not well understood if this move has been beneficial and whether it has positioned Ghana particularly in terms of trade on the global market. This study examines and demonstrate if the adopted SEZ model has had any significant effects on the trade patterns in Ghana. This was undertaken by analyzing the competiveness and the dynamics and/or level of comparative advantage of selected products traded within the SEZs on sectoral levels in the world market using the Balassa Revealed Comparative Advantage (RCA) index. The

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“…Changes in global food commodity prices will also be reflected in most countries' domestic food prices-even if only with a lag and muted by transport cost and local supply and demand conditions (World Bank 2014c;Cudjoe, Breisinger and Diao 2010).…”

Section: H Povertymentioning

confidence: 99%

The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses

Baffes¹,

et al. 2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop in prices is a significant, but not an unprecedented event as it has some significant parallels with the price collapse in 1985-86. The recent decline has been driven by a number of factors: several years of upward surprises in the production of unconventional oil; weakening global demand; a significant shift in OPEC policy; unwinding of some geopolitical risks; and an appreciation of the U.S. dollar. Although the relative importance of each factor is difficult to pin down, OPEC's renouncement of price support and rapid expansion of oil supply from unconventional sources appear to have played a crucial role since mid-2014. The oil price drop will lead to substantial income shifts from oil exporters to oil importers resulting in a net positive effect for global activity over the medium term. Although several factors could counteract its impact on global growth and inflation, the drop in oil prices will pose significant challenges for monetary, fiscal, and structural policies. JEL Classification Numbers: Q40, Q41, Q43, F40, E32, E62. Terms of use: Documents in

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Local impacts of a global crisis: Food price transmission, consumer welfare and poverty in Ghana

Cited by 109 publications

References 23 publications

International to Domestic Price Transmission in Fourteen Developing Countries during the 2007–8 Food Crisis

International to Domestic Price Transmission in Fourteen Developing Countries during the 2007–8 Food Crisis

Has the Special Economic Zone Approach Improve Ghana’s Competitiveness in the Global Market?

The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses

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