Trade Policy Coordination and Food Price Volatility

Gouel, Christophe

doi:10.1093/ajae/aaw020

Cited by 34 publications

(23 citation statements)

References 33 publications

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“…Nevertheless, instruments and tools of market regulation depend on the goals [85]. Especially, policy instruments for agri-food trade and markets regulation vary among food-importing countries and food-exporting ones [86]. In this respect, various factors should be taken into account for the design of effective trade policies and interventions that enhance food security; these include the way food markets work [61].…”

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confidence: 99%

Agri-Food Markets towards Sustainable Patterns

2020

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In recent decades, the confluence of different global and domestic drivers has led to progressive and unpredictable changes in the functioning and structure of agri-food markets worldwide. Given the unsustainability of the current agri-food production, processing, distribution and consumption patterns, and the inadequate governance of the whole food system, the transition to sustainable agriculture and food systems has become crucial to effectively manage a global agri-food market able in supporting expected population growth and ensuring universal access to sufficient, safe, and nutritious food for all. Based on a critical review of the existing international literature, the paper seeks to understand the evolutionary paths of sustainability issues within agri-food markets by analyzing their drivers and trends. An extensive analysis was conducted highlighting the development and importance of the body of knowledge on the most important sustainability transition frameworks, focusing mainly on the relationship between markets, trade, food and nutrition security, and other emerging issues within agri-food markets. Finally, the study makes suggestions to extend the research in order to improve basic knowledge and to identify opportunities to design meaningful actions that can shape agri-food markets and foster their transition to sustainability.

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confidence: 99%

Agri-Food Markets towards Sustainable Patterns

2020

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“…The coordination problem described here about import restrictions mirrors the literature on the coordination of export restrictions and food price volatility (Abbott, 2012;Ivanic and Martin, 2014;Gouel, 2016). Countries frequently use export restrictions to protect poor domestic consumers from high or volatile prices on the world market.…”

Section: "Pro-poor" Trade Policy Market Access and Coordination Failmentioning

confidence: 89%

Are the Poor Getting Globalized?

Mendoza

Nayyar

Piermartini

2018

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…We apply the linear form for the loss aversion term following Freund and Ozden () and Thennakoon (), rather than a quadratic form. The only difference is that the quadratic term reflects the costs being away from the reference price increase with the size of the deviation (Anderson and Nelgen, ), and the quadratic term is merely a means of introducing additional concavity into the function (Gouel, ). Thus, introducing the quadratic form of the loss aversion term into the welfare function does not change the main results comparing with our linear form setting.

{U^{*} = γ}^{*}^{p x} P^{*} (|, x^{*} + v^{*}) - t^{*} e + {C S}^{*} - θ^{*} (][|, \overset{P^{*}}{true} \overset{(|, x^{*} + v^{*})}{true} - P^{*} (|, x^{*} + v^{*})) normali normalf true(\overset{P^{*}}{true} \overset{(|, x^{*} + v^{*})}{true} - P^{*} true(x^{*} + v^{*} true) true) > {λ^{*}}^{p x}

U^{*} = P^{*} (|, x^{*} + v^{*}) - t^{*} e + γ^{* c s} C S - θ^{*} (|, \overset{{C S}^{*}}{true} - {C S}^{*}) normali normalf true(\overset{{C S}^{*}}{true} - C S

…”

Section: Theoretical Modelmentioning

confidence: 99%

Origin of Production Shocks, Agricultural Price Spikes and Trade Policy

Yan

Deng

2018

The Manchester School

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This paper incorporates exogenous production shocks into short-run policy making process, and altruism is introduced into government utility functions under cooperative policy making scenario. The results reveal that the noisy signal from production shocks and governments self-interested behaviors consist of the main barriers to make cooperative trade negotiations between agricultural importers and exporters. Finally, the project puts forward that domestic public storage policy is a feasible way for storable agricultural products to buffer production shocks and to stabilize domestic price in the context of agricultural price fluctuations with high frequency, and limited function of the WTO with respect to restricting governments trade policies.

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Trade Policy Coordination and Food Price Volatility

Cited by 34 publications

References 33 publications

Agri-Food Markets towards Sustainable Patterns

Agri-Food Markets towards Sustainable Patterns

Are the Poor Getting Globalized?

Origin of Production Shocks, Agricultural Price Spikes and Trade Policy

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