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Examining the Determinants of Food Prices in Developing Asia

dc.contributor.authorHyeon-seung Huh
dc.contributor.authorCyn-Young Park
dc.date.accessioned2015-01-30T14:45:53Z
dc.date.available2015-01-30T14:45:53Z
dc.date.issued2013-09-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/2076
dc.description.abstractHow the price of food is determined has become a critical issue, given the drastic surges in prices in recent years and the prevailing expectation of further increases. Along this line, this paper examines the sources of food price fluctuations in 11 developing Asian countries. The working model is a block vector autoregression (VAR), and 10 variables are classified into three blocks— world, region, and country—depending on their origin and nature. Empirical evidence shows that the regional shock plays a pivotal role in explaining the variations of domestic food prices, particularly at medium- to long-term horizons. Contrary to conventional belief, the world food price shock contributes little to the dynamics of domestic food prices in developing Asia. The findings suggest Asian food markets are more integrated regionally than with the world market. The short-run movements of domestic food prices are accounted for largely by the country’s own shock. Taken together, our findings suggest that promoting food price stability would require efforts at the regional level as well as at the domestic level, reflecting the influence of region-specific factors. Extensions to the developing countries in other regions produce similar findings on the determination of food prices.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleExamining the Determinants of Food Prices in Developing Asia
dc.typeWorking Papers
dc.subject.expertPoverty Analysis
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Reduction Strategy
dc.subject.expertExtreme Poverty
dc.subject.expertEconomic development
dc.subject.expertGrowth And Poverty
dc.subject.adbIncome Distribution
dc.subject.adbDemographic Indicators
dc.subject.adbSocial Justice
dc.subject.adbPrice stabilization
dc.subject.adbFood prices
dc.subject.adbPrice policy
dc.subject.naturalSocial change
dc.subject.naturalSocial accounting
dc.subject.naturalInequality of income
dc.subject.naturalEconomic growth
dc.subject.naturalQualilty of Life
dc.subject.naturalOpen price system
dc.subject.naturalPrice fixing
dc.subject.naturalPrice regulation
dc.subject.naturalConsumer price indexes
dc.title.seriesEconomics Working Papers
dc.title.volumeno 370
dc.contributor.imprintAsian Development Bank
oar.themePoverty
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People's Republic of
oar.countryHong Kong, China
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001525
oar.authorHuh, Hyeon-seung
oar.authorPark, Cyn-Young
oar.importtrue
oar.googlescholar.linkpresenttrue


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