Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment PDF full book. Access full book title Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment by Cedric Okou. Download full books in PDF and EPUB format.
Author: Cedric Okou Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 44
Book Description
This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is lower in countries with greater local production and among products with lower consumption shares. Additionally, adverse shocks such as natural disasters and wars bring 1.8 and 4 percent staple food price surges respectively beyond generalized price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks, the overall economic environment, and transport constraints in geographically challenged areas account for substantial cross-country differences in staple food prices.
Author: Cedric Okou Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 44
Book Description
This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is lower in countries with greater local production and among products with lower consumption shares. Additionally, adverse shocks such as natural disasters and wars bring 1.8 and 4 percent staple food price surges respectively beyond generalized price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks, the overall economic environment, and transport constraints in geographically challenged areas account for substantial cross-country differences in staple food prices.
Author: Publisher: ISBN: Category : Africa, Sub-Saharan Languages : en Pages :
Book Description
"The increase in food prices represents a major crisis for the world's poor. This paper aims to review the evidence on the potential impact of higher food prices on poverty in sub-Saharan Africa, and examines the extent to which policy responses will benefit the poor. The paper shows that rising food prices are likely to lead to higher poverty in sub-Saharan Africa as the negative impact on net poor consumers outweighs the benefits to poor producers. A recent survey shows that the most common policy response in sub-Saharan African countries is reducing taxes on food while outside the region price controls or targeted consumer subsidies are the most popular measure. Sub-Saharan African countries also have a higher prevalence of food-based safety net programs which are being scaled up to respond to rising prices. The review suggests that the benefits from reducing import tariffs on staples may accrue largely to the non-poor. Social protection programs show more promise, but geographic targeting is likely to be crucial in ensuring that benefits reach the neediest. The paper also argues that anti-poverty interventions ought to retain their focus on rural areas where poverty remains highest even after taking into account the adverse impact on the urban poor due to the rise in food prices."--World Bank web site.
Author: Quentin T. Wodon Publisher: ISBN: Category : Languages : en Pages : 28
Book Description
The increase in food prices represents a major crisis for the world's poor. This paper aims to review the evidence on the potential impact of higher food prices on poverty in sub-Saharan Africa, and examines the extent to which policy responses will benefit the poor. The paper shows that rising food prices are likely to lead to higher poverty in sub-Saharan Africa as the negative impact on net poor consumers outweighs the benefits to poor producers. A recent survey shows that the most common policy response in sub-Saharan African countries is reducing taxes on food while outside the region price controls or targeted consumer subsidies are the most popular measure. Sub-Saharan African countries also have a higher prevalence of food-based safety net programs which are being scaled up to respond to rising prices. The review suggests that the benefits from reducing import tariffs on staples may accrue largely to the non-poor. Social protection programs show more promise, but geographic targeting is likely to be crucial in ensuring that benefits reach the neediest. The paper also argues that anti-poverty interventions ought to retain their focus on rural areas where poverty remains highest even after taking into account the adverse impact on the urban poor due to the rise in food prices.
Author: Mr.Emre Alper Publisher: International Monetary Fund ISBN: 147556824X Category : Business & Economics Languages : en Pages : 40
Book Description
This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from 2009 onwards, related to recent improvements in monetary policy frameworks. We also find that high food prices are driven mainly by non-tradable food in SSA and there is incomplete pass-through from world food and fuel prices and exchange rates to domestic food prices. Taken together, these finding suggest that central banks in low-income countries with high and persistent food inflation should continue to pay attention to headline inflation to anchor inflation expectations. Other policy levers include reducing tariffs and improving storage and transport infrastructure to reduce food pressures.
Author: M. B. Ndulo Publisher: CABI ISBN: 9781845939144 Category : Electronic books Languages : en Pages : 285
Book Description
Dramatic increases in food prices, as witnessed on a global scale in recent years, threaten the food security of hundreds of millions of the rural poor in Sub-Saharan Africa alone. This book focuses on recent food and financial crises as they have affected Africa, illustrating the problems using country case studies, that cover their origins, effects on agriculture and rural poverty, their underlying factors and making recommendations as to how such crises could best be addressed in the future.
Author: Xinshen Diao, Shenggen Fan, Derek Headey, Michael Johnson, Alejandro Nin Pratt, and Bingxin Yu Publisher: Intl Food Policy Res Inst ISBN: Category : Social Science Languages : en Pages : 68
Author: Diogo Miguel Salgado Baptista Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 48
Book Description
Climate change is intensifying food insecurity across sub-Saharan Africa (SSA) with lasting adverse macroeconomic effects, especially on economic growth and poverty. Successive shocks from the war in Ukraine and COVID-19 pandemic have increased food prices and depressed incomes, raising the number of people suffering from high malnutrition and unable to meet basic food consumption needs by at least 30 percent to 123 million in 2022 or 12 percent of SSA’s population. Addressing the lack of resilience to climate change—that critically underlies food insecurity in SSA—will require careful policy prioritization against a backdrop of financing and capacity constraints. This paper presents some key considerations and examples of tradeoffs and complementarities across policies to address food insecurity. Key findings include (1) Fiscal policies focused on social assistance and efficient public infrastructure investment can improve poorer households’ access to affordable food, facilitate expansion of climate-resilient and green agricultural production, and support quicker recovery from adverse climate events; (2) Improving access to finance is key to stepping up private investment in agricultural resilience and productivity as well as improving the earning capacity and food purchasing power of poorer rural and urban households; and (3) Greater regional trade integration, complemented with resilient transport infrastructure, enables sales of one country’s bumper harvests to its neighbors’ facing shortages. The international community can help with financial assistance—especially for the above-mentioned social assistance and key infrastructure areas—capacity development, and facilitating transfers of technology and know-how.
Author: The World Bank Publisher: World Bank Publications ISBN: Category : Languages : en Pages : 106
Book Description
The rise in global food prices and the ever-growing food import bill have prompted sharp attention on agricultural policies in Africa. African policy makers are grappling with what unstable food prices mean for their countries; how these price movements will affect their food security situation; how the private sector is likely to respond; and what governments themselves can do. In addition, they fear that global warming may significantly change the location of food production within Africa. This report discusses how opening up cross-border trade will boost the potential for greater food production in Africa and contribute to food security by improving poor people’s access to food and by increasing returns to poor farmers for the food they produce.
Author: Thomas Melito Publisher: DIANE Publishing ISBN: 1437908225 Category : Technology & Engineering Languages : en Pages : 20
Book Description
Despite pledges by world leaders to halve the proportion of the world¿s population that is undernourished by 2015, the number of undernourished people in sub-Saharan Africa has increased from 170 million in the period of 1990-1992 to over 200 million in the period of 2001-2003. Since early 2007, food-related riots have occurred in 15 countries, incl. 7 in sub-Saharan Africa, leading both the U.N. and the World Food Program to express concern about the impact of chronic undernourishment, or food insecurity, on world peace and security. This report examined: factors that contribute to persistent food insecurity in sub-Saharan Africa; and the extent to which host governments and donors, incl. the U.S., are working toward halving hunger in the region by 2015. Illus.
Author: Cedric Okou
Author: Cedric Okou
Author: 
Author: Quentin T. Wodon
Author: Quentin Wodon
Author: Mr.Emre Alper
Author: M. B. Ndulo
Author: Xinshen Diao, Shenggen Fan, Derek Headey, Michael Johnson, Alejandro Nin Pratt, and Bingxin Yu
Author: Diogo Miguel Salgado Baptista
Author: The World Bank
Author: Thomas Melito