Impact of Rising Rice Prices and Policy Responses in Mali : Simulations with a Dynamic CGE Model

The increase in the international price of rice is likely to have substantial negative impacts on the poor in countries such as Mali which are net importers of rice. This paper relies on a dynamic CGE model to estimate the likely impact of the rece...

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Bibliographic Details
Main Authors:	Nouve, Kofi, Wodon, Quentin
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGGREGATE DEMAND AGRARIAN ECONOMY AGRICULTURAL ACTIVITIES AGRICULTURAL ECONOMICS AGRICULTURAL HOUSEHOLDS AGRICULTURAL PRODUCTIVITY AGRICULTURAL WAGE AGRICULTURAL WORKERS AGRICULTURE AVERAGE PRICE BASE YEAR BREAD CASH CROPS CEREALS COMMODITY CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS CORN DEMAND ANALYSIS DEVELOPMENT POLICY DISPOSABLE INCOME DOMESTIC MARKET DYNAMIC ANALYSIS ELASTICITY ELASTICITY OF SUBSTITUTION ESTIMATES OF POVERTY EXPENDITURE EXPENDITURES EXPORTS EXTERNAL MARKET FAIR FARM FARMERS FERTILIZERS FOOD CROP FOOD CROP PRODUCTION FOOD CROPS FOOD POLICY FOOD POLICY RESEARCH FOOD PRICE FOOD PRICES FOOD PRODUCTION FOOD SECURITY GDP GENERAL EQUILIBRIUM ANALYSIS GLOBAL POVERTY HOME MARKET HOUSEHOLD CONSUMPTION HOUSEHOLD PER CAPITA INCOME HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HUMAN DEVELOPMENT IFPRI IMPACT OF SHOCKS IMPACT ON POVERTY IMPERFECT SUBSTITUTES INCOME DISTRIBUTION INFLATION INFLATION RATE INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE LABOR FORCE LABOR MARKET MARGINAL PROPENSITY TO SAVE MARGINAL VALUE MARKET DEMAND MARKET EQUILIBRIUM MARKET SUPPLY MARKETING MILLET OPEN ECONOMY PADDY PER CAPITA CONSUMPTION PER CAPITA INCOME POOR POVERTY ANALYSIS POVERTY DYNAMICS POVERTY ESTIMATES POVERTY GAP POVERTY IMPACT POVERTY LINE POVERTY MEASURES POVERTY REDUCTION PRICE CHANGES PRICE INCREASE PRODUCER PRICE PRODUCER PRICES PRODUCTION INCREASES PRODUCTION OF PADDY PRODUCTION OF RICE PRODUCTIVITY PROFIT MAXIMIZATION PUBLIC SPENDING RICE MILLING RICE PRICE RICE PRICES RICE PRODUCTION RURAL RURAL ACTIVITIES RURAL HOUSEHOLD RURAL HOUSEHOLDS RURAL POOR RURAL WELFARE SALES SAVINGS SEEDS SORGHUM STATIC EQUILIBRIUM STATISTICAL DATA STOCKS SUB-SAHARAN AFRICA TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE LIBERALIZATION TRADE POLICY UTILITY MAXIMIZATION VALUE ADDED WAGE DETERMINATION WAGES WHEAT WORLD MARKETS YIELDS
Online Access:	http://documents.worldbank.org/curated/en/2008/10/9900057/impact-rising-rice-prices-policy-responses-mali-simulations-dynamic-cge-model http://hdl.handle.net/10986/6939

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Summary:	The increase in the international price of rice is likely to have substantial negative impacts on the poor in countries such as Mali which are net importers of rice. This paper relies on a dynamic CGE model to estimate the likely impact of the recent increase in rice prices on poverty with and without policy responses. Two sets of policy responses are considered: import tax cuts on rice and measures to increase productivity of domestic rice production. The results suggest that an increase in productivity would have a much larger positive impact than a reduction in taxes.

Impact of Rising Rice Prices and Policy Responses in Mali : Simulations with a Dynamic CGE Model

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