Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38753
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dc.contributor.authorRaabe, Katharinaen_US
dc.date.accessioned2010-07-23en_US
dc.date.accessioned2010-08-13T12:19:50Z-
dc.date.available2010-08-13T12:19:50Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38753-
dc.description.abstractThe global hunger indices of 2008 and 2009 (Grebmer et al. 2008, 2009) point to persistently high levels of hunger and food insecurity and a worsening of the situation due to rising crop prices. At the same time, there is a lack of empirical knowledge on the demand- and supply-side determinants of crop prices. Given this situation, this paper estimates structural equation models by means of the three-stage least-squares estimator to identify the sensitivity of the price of three major crops (wheat, maize, and rice) in up to eight countries (India, China, Egypt, Thailand, Ecuador, Uruguay, the United States, and Australia) to global and country-specific crop demand and supply conditions. The evidence suggests that conclusions regarding the determinants of crop prices critically depend on the choice of crop and country. The nonexistence of a consistent and homogenous set of price determinants suggests that the stability and predictability of crop prices depends on country-specific domestic policies that target both the crop demand and supply side. The evidence also suggests that supply-side initiatives are likely to be more effective to this end.en_US
dc.language.isoengen_US
dc.publisher|aWirtschaftswiss. Fak., Leibniz Univ. |cHannoveren_US
dc.relation.ispartofseries|aDiskussionspapiere der Wirtschaftswissenschaftlichen Fakultät // Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover |x451en_US
dc.subject.jelC32en_US
dc.subject.jelQ11en_US
dc.subject.jelQ19en_US
dc.subject.ddc330en_US
dc.subject.keywordAgricultureen_US
dc.subject.keywordfood pricesen_US
dc.subject.keywordcrop pricesen_US
dc.subject.keywordsimultaneous equationsen_US
dc.subject.keywordthree-stage least-squaresen_US
dc.subject.stwGetreidepreisen_US
dc.subject.stwGetreidemarkten_US
dc.subject.stwAgrarpolitiken_US
dc.subject.stwNahrungsmittelpreisen_US
dc.subject.stwVergleichen_US
dc.subject.stwSchätzungen_US
dc.subject.stwIndienen_US
dc.subject.stwChinaen_US
dc.subject.stwÄgyptenen_US
dc.subject.stwThailanden_US
dc.subject.stwEcuadoren_US
dc.subject.stwUruguayen_US
dc.subject.stwUSAen_US
dc.subject.stwAustralienen_US
dc.titleFactors explaining crop price developments: Time-series evidence for developing and developed countriesen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn631921567en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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