What Drove the Crop Price Hikes in the Food Crisis?

Tetsuji Tanaka and Nobuhiro Hosoe ()

No 11-16, GRIPS Discussion Papers from National Graduate Institute for Policy Studies

Abstract: In the late 2000s, the world grain markets experienced severe turbulence with rapid crop price rises caused by bad crops, oil price hikes, export restrictions, and the emergence of biofuels as well as financial speculation. We review the impacts of the first four real-side factors using a world trade computable general equilibrium model. Our simulation results show that oil and biofuels-related shocks were the major factors among these four in crop price hikes but that these real-side factors in total can explain only about 10% of the actual crop price rises.

New Economics Papers: this item is included in nep-agr and nep-cmp
Date: 2011-12
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://r-center.grips.ac.jp/gallery/docs/11-16.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ngi:dpaper:11-16

Access Statistics for this paper

More papers in GRIPS Discussion Papers from National Graduate Institute for Policy Studies
Contact information at EDIRC.
Series data maintained by ().