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 comprehe...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26103556/price-transmission-international-domestic-markets http://hdl.handle.net/10986/24054 |
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okr-10986-240542021-05-25T10:54:44Z Price Transmission from International to Domestic Markets Greb, Friederike Jamora, Nelissa Mengel, Carolin Von Cramon-Taubadel, Stephan Wurriehausen, Nadine 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 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. 2016-04-12T20:55:07Z 2016-04-12T20:55:07Z 2016-01 Working Paper http://documents.worldbank.org/curated/en/2016/03/26103556/price-transmission-international-domestic-markets http://hdl.handle.net/10986/24054 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Greb, Friederike Jamora, Nelissa Mengel, Carolin Von Cramon-Taubadel, Stephan Wurriehausen, Nadine Price Transmission from International to Domestic Markets |
| description |
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. |
| format |
Working Paper |
| author |
Greb, Friederike Jamora, Nelissa Mengel, Carolin Von Cramon-Taubadel, Stephan Wurriehausen, Nadine |
| author_facet |
Greb, Friederike Jamora, Nelissa Mengel, Carolin Von Cramon-Taubadel, Stephan Wurriehausen, Nadine |
| author_sort |
Greb, Friederike |
| title |
Price Transmission from International to Domestic Markets |
| title_short |
Price Transmission from International to Domestic Markets |
| title_full |
Price Transmission from International to Domestic Markets |
| title_fullStr |
Price Transmission from International to Domestic Markets |
| title_full_unstemmed |
Price Transmission from International to Domestic Markets |
| title_sort |
price transmission from international to domestic markets |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/03/26103556/price-transmission-international-domestic-markets http://hdl.handle.net/10986/24054 |
| _version_ |
1764455623450165248 |