Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109389 
Authors: 
Year of Publication: 
2011
Series/Report no.: 
ADB Economics Working Paper Series No. 257
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper examines the extent to which increases in international food prices during the past few years have been transmitted to domestic prices in selected Asian developing countries. In analyzing the historical data, evidence on price transmission for important food commodities such as rice, wheat, and edible oil have been considered. The price transmission elasticity has been estimated using regression models coupled with recent econometric techniques such as unit root tests and error correction models with threshold adjustment. Finally, the paper draws some policy implications from the empirical results. This study provides the numerical estimates on the empirical relationship between international prices and domestic prices. The analysis uses commodity-specific monthly data rather than annual data during a period of substantial policy reforms in order to understand both long-run and short-run relationships between world and domestic prices.
Subjects: 
Global commodity crises
International food prices
Domestic food prices
Price transmission
Commodity price trends
Agricultural commodities
JEL: 
C22
Q11
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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