Higher Fuel and Food Prices : Impacts and Responses for Mozambique

Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price rises are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio analys...

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Main Authors:	Arndt, Channing, Benfica, Rui, Maximiano, Nelson, Nucifora, Antonio M. D., Thurlow, James T.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Macroeconomic Analyses of Economic Development O110 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Energy: Demand and Supply Q410 Energy and the Macroeconomy Q430
Online Access:	http://hdl.handle.net/10986/4671

id	okr-10986-4671
recordtype	oai_dc
spelling	okr-10986-46712021-04-23T14:02:19Z Higher Fuel and Food Prices : Impacts and Responses for Mozambique Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M. D. Thurlow, James T. Macroeconomic Analyses of Economic Development O110 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Energy: Demand and Supply Q410 Energy and the Macroeconomy Q430 Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price rises are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio analysis indicates that urban households and households in the southern region are more vulnerable to food price increases. Rural households, particularly in the North and Center, often benefit from being in a net seller position. Longer-term analysis using a computable general equilibrium (CGE) model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. Policy analysis reveals difficult trade-offs between short-run mitigation and long-run growth. Improved agricultural productivity has powerful positive impacts, but remains difficult to achieve and may not address the immediate impacts of higher prices. 2012-03-30T07:29:10Z 2012-03-30T07:29:10Z 2008 Journal Article Agricultural Economics 01695150 http://hdl.handle.net/10986/4671 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Mozambique
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Macroeconomic Analyses of Economic Development O110 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Energy: Demand and Supply Q410 Energy and the Macroeconomy Q430
spellingShingle	Macroeconomic Analyses of Economic Development O110 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Energy: Demand and Supply Q410 Energy and the Macroeconomy Q430 Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M. D. Thurlow, James T. Higher Fuel and Food Prices : Impacts and Responses for Mozambique
geographic_facet	Mozambique
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Rising world prices for fuel and food represent a negative terms-of-trade shock for Mozambique. The impacts of these price rises are analyzed using various approaches. Detailed price data show that the world price increases are being transmitted to domestic prices. Short-run net benefit ratio analysis indicates that urban households and households in the southern region are more vulnerable to food price increases. Rural households, particularly in the North and Center, often benefit from being in a net seller position. Longer-term analysis using a computable general equilibrium (CGE) model of Mozambique indicates that the fuel price shock dominates rising food prices from both macroeconomic and poverty perspectives. Again, negative impacts are larger in urban areas. The importance of agricultural production response in general and export response in particular is highlighted. Policy analysis reveals difficult trade-offs between short-run mitigation and long-run growth. Improved agricultural productivity has powerful positive impacts, but remains difficult to achieve and may not address the immediate impacts of higher prices.
format	Journal Article
author	Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M. D. Thurlow, James T.
author_facet	Arndt, Channing Benfica, Rui Maximiano, Nelson Nucifora, Antonio M. D. Thurlow, James T.
author_sort	Arndt, Channing
title	Higher Fuel and Food Prices : Impacts and Responses for Mozambique
title_short	Higher Fuel and Food Prices : Impacts and Responses for Mozambique
title_full	Higher Fuel and Food Prices : Impacts and Responses for Mozambique
title_fullStr	Higher Fuel and Food Prices : Impacts and Responses for Mozambique
title_full_unstemmed	Higher Fuel and Food Prices : Impacts and Responses for Mozambique
title_sort	higher fuel and food prices : impacts and responses for mozambique
publishDate	2012
url	http://hdl.handle.net/10986/4671
_version_	1764392335438774272

Higher Fuel and Food Prices : Impacts and Responses for Mozambique

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