Trade Barrier Volatility and Domestic Price Stabilization : Evidence from Agriculture

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dc.creatorNelgen, Signe
dc.creatorAnderson, Kym
dc.date2012-03-19T18:43:32Z
dc.date2012-03-19T18:43:32Z
dc.date2010-12-01
dc.date.accessioned2026-07-01T00:36:11Z
dc.descriptionNational barriers to trade are often varied to insulate domestic markets from international price variability, especially following a sudden spike. This paper explores the extent of that behavior by governments in the case of agricultural products, particularly food staples whose prices have spiked three times over the past four decades. It does so using new annual estimates since 1955 of agricultural price distortions in 75 countries, updated to 2008. Responses by food importers to upward price spikes are shown to be as substantial as those by food exporters, thereby weakening the domestic price-stabilizing effect of intervention by exporters. They also add to the transfer of welfare to food-surplus from food-deficit countries -- the opposite of what is usually thought of when considering inter-sector trade retaliation. Phasing down World Trade Organization-bound import tariffs toward their applied rates would help reduce the legal opportunities for food-deficit countries to raise their import restrictions when international prices slump. To date there is no parallel discipline in the World Trade Organization that limits increases in export restrictions when prices spike upward, however. Bringing such discipline through new World Trade Organization rules could help alleviate the extent to which government responses to exogenous price spikes exacerbate those spikes.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101222134538
dc.identifierhttps://hdl.handle.net/10986/3995
dc.identifier10.1596/1813-9450-5511
dc.identifier.urihttp://hdl.handle.net/123456789/407102
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5511
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADVERSE IMPACTS
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL POLICY
dc.subjectAGRICULTURAL PRICE
dc.subjectAGRICULTURAL PRICES
dc.subjectAGRICULTURE
dc.subjectAVERAGE PRICE
dc.subjectBARRIER
dc.subjectBEEF
dc.subjectBORDER PRICE
dc.subjectCEREALS
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCOCOA
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICES
dc.subjectCONSUMERS
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectDATES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT POLICY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC GROWTH RATES
dc.subjectECONOMIC WELFARE
dc.subjectELASTICITY
dc.subjectEXCHANGE RATE
dc.subjectEXOGENOUS SHOCK
dc.subjectEXOGENOUS SUPPLY
dc.subjectEXPENDITURE
dc.subjectFINANCIAL SUPPORT
dc.subjectFOOD EXPORTS
dc.subjectFOOD IMPORTS
dc.subjectFOOD MARKETS
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOOD SECURITY
dc.subjectFOOD STAPLES
dc.subjectFREE TRADE
dc.subjectGDP PER CAPITA
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGROSS VALUE
dc.subjectGROWTH RATES
dc.subjectIMPORT BARRIERS
dc.subjectINCOME
dc.subjectINELASTIC DEMAND
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL TRADE
dc.subjectJOBS
dc.subjectLONG-TERM INVESTMENTS
dc.subjectM1
dc.subjectM2
dc.subjectM3
dc.subjectMAIZE
dc.subjectMARKET ACCESS
dc.subjectMARKET POWER
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONOPOLY
dc.subjectOPEN ECONOMIES
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMY
dc.subjectPORK
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE FORECASTS
dc.subjectPRICE INSTABILITY
dc.subjectPRICE LEVELS
dc.subjectPRICE STABILIZATION
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICES
dc.subjectPUBLIC GOOD
dc.subjectPUBLICITY
dc.subjectREAL GDP
dc.subjectSALE
dc.subjectSMALL COUNTRIES
dc.subjectSOCIAL SAFETY NET
dc.subjectSOYBEAN
dc.subjectSTOCKS
dc.subjectSUBSTITUTE
dc.subjectSUGAR
dc.subjectSUPPLIERS
dc.subjectSUPPLY SHOCKS
dc.subjectSURPLUS
dc.subjectTAX
dc.subjectTRADE BARRIERS
dc.subjectTRADE OPPORTUNITIES
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE REFORMS
dc.subjectTRADE TAXES
dc.subjectURUGUAY ROUND
dc.subjectUTILITY THEORY
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWHEAT
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleTrade Barrier Volatility and Domestic Price Stabilization : Evidence from Agriculture

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