[Einleitung und Lernziele] Die Volatilität der Preise auf Agrarmärkten hat über lange Jahre kaum Aufmerksamkeit in der europäischen Agrarpolitik erfahren. Erst seit etwa zwei Jahrzehnten erhält dieses Thema auch in der EU wieder Aufmerksamkeit. Auf der internationalen Ebene hingegen war die...

[Einleitung und Lernziele] Die landwirtschaftliche Produktion ist die Grundlage der globalen Nahrungsmittelversorgung. Diese Produktion erfolgt in der Regel flächengebunden und damit dezentral. Landwirtschaftliche Güter müssen also transportiert werden, zum Ort der Verarbeitung und/oder zum...

In 2005 the EU lowered the guaranteed minimum prices for crops in its Common Agricultural Policy and stopped market interventions. Consequently, prices started to fluctuate more intensively, and farmers' incomes are now subject to higher price volatility. A crop price insurance scheme could...

In 2005 the EU lowered the guaranteed minimum prices for crops in its Common Agricultural Policy and stopped market interventions. Consequently, prices started to fluctuate more intensively, and farmers' incomes are now subject to higher price volatility. A crop price insurance scheme could...

This article contributes to the existing empirical literature by examining the spillovers across price inflation and agricultural commodity prices for the case of Nigeria. To achieve this objective, we employ the Diebold and Yilmaz (Int J Forecast 28(1):57-66, 2012) spillover index....

This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...

This study follows from the recent move by most developing economies to introduce price support programs for selected cereals. For Ethiopia, we examine the price, quantity, welfare and government intervention effects of alternative producer and consumer price policies backed-up by public cereal...

This study examines the dynamic nexus betwixt oil prices, twenty-two world agricultural commodity prices and given the evolution of the relative strength of the US dollar in a panel setting. We use panel cointegration and Panel Granger causality methods for a panel of twenty-two agricultural...

For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....

Agricultural price distortion which is the discrepancy between world market price of agricultural produce and price received by farmers as a result of market interventions by governments, either through subsidies or taxes or even trade protection systems, has received rare attention in the cocoa...

This study examines the linkages between energy price and food prices over the period 2000-2016 by using a Panel-VAR model in the case of eight Asian economies, namely Bangladesh, the PRC, Indonesia, India, Japan, Sri Lanka, Thailand, and Viet Nam. Our results confirm that energy price (oil...

Urbanization is happening fast in the developing world and especially so in sub-Saharan Africa where growth rates of cities are among the highest in the world. While cities and, in particular, secondary towns, where most of the urban population in sub-Saharan Africa resides, affect agricultural...

We use the demise of silver-based standards in the 19th century to explore price dynamics when a commodity-based money ceases to function as a global unit of account. We develop a general equilibrium model of the global economy with gold and silver money. Calibration of the model shows that...

Handelsbeschränkungen; Exportkontrollen; Ernährungskrisenpolitik; Länder der ehemaligen Sowjetunion; Funktionsfähigkeit von Agrarmärkten; Effizienz von Wertschöpfungsketten für Nahrungsmittel; Preistransmission; Preisvolatilität; Wetterextreme; Globale Ernährungssicherheit

This paper provides insights into agricultural commodity markets in terms of return and volatility spillover effects. To replicate a broad agricultural market, grain products, softs and oilseeds are taken into account, including daily spot prices for sugar, wheat, soybeans and coffee over the...

This paper measures the impact of low-cost transport by rail in Malawi on the dispersion of agricultural commodities prices across markets by exploiting the quasi-experimental design of the nearly total collapse of domestic transport by rail in January 2003 due to the destruction of a railway...