Price Transmission from International to Domestic Markets

This study aims to improve our understanding of the extent and speed of the transmission of international cereal prices to local markets in developing countries. We undertake three types of analysis. First, we extract a sample of estimated measures of cereal price transmission (PT) from a comprehensive literature sample of published papers and studies. Second, we use the FAO’s GIEWS dataset to estimate our own sample of measures of cereal PT. In a subsequent meta-regression analysis we measure how much of the variation in each of the resulting samples of PT estimates (the literature sample and the GIEWS sample) can be explained by factors that might be expected to influence the strength of PT such as whether the country in question is landlocked. Third, we present the results of simple, non-parametric analysis of price transmission using the GIEWS data. This analysis measures the share of periods in which domestic and international prices have jointly increased or decreased.

Bibliographic Details

Main Authors:	Greb, Friederike, Jamora, Nelissa, Mengel, Carolin, Von Cramon-Taubadel, Stephan, Wurriehausen, Nadine
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2016-01
Subjects:	TRANSACTIONS, EQUITY, TRANSACTION, RETAIL PRICE, EXPORT MARKETS, MARKET STRUCTURE, SUBSTITUTE, PRICE INCREASES, DOMESTIC MARKETS, INTERNATIONAL TRADE, VOLATILITY, TRANSPARENCY, RESULTS, PRICE ADJUSTMENTS, SEARCH, AGRICULTURAL PRICE, INCOME, INTEREST, MARKET PRICES, INFORMATION, DOMESTIC MARKET, DEVELOPING COUNTRIES, MONITORING, PRICE CHANGES, PRICE FLUCTUATIONS, TRANSMISSION, PRICE ADJUSTMENT, FAIR, ELECTRONIC FORM, WORLD MARKETS, SHARES, PRICING, DOMESTIC PRICE, CEREAL PRICE, CEREAL PRICES, TRANSACTION COSTS, MARKET, PRICE, TIME PERIOD, RETAIL PRICES, PRICE MOVEMENTS, RETAIL, RESULT, TRADE, INSTITUTIONS, TIME PERIODS, LINK, DOMESTIC PRICES, DATA, SECURITY, INTERNATIONAL MARKET, AGRICULTURAL COMMODITIES, BUSINESS, MARKET EQUILIBRIUM, SHARE, REGIME CHANGES, PERFORMANCE, PRICE VOLATILITY, FOOD PRICE, VOLATILITIES, PRODUCTS, PRICE VOLATILITIES, COMMODITY MARKETS, INSTITUTION, MARKET INTEGRATION, COMMODITY MARKET, MARKETING, MARKETS, COMMODITIES, LINKS, SEARCHES, PRICE SERIES, DATABASE, ARBITRAGE, FOOD PRICES, PRODUCT, BORDER PRICE, COMMODITY PRICES, OPEN ECONOMIES, COMMODITY, INTERNATIONAL MARKETS, WORLD MARKET, COUNTRY MARKETS, PRICES, MARKET PRICE, PRICE CHANGE,
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26103556/price-transmission-international-domestic-markets https://hdl.handle.net/10986/24054
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