 The Economics of Developing Country Policy Responses and Biofuel PoliciesHarry Gorter, Dusan Drabik and David Just Chapter Chapter 6 in The Economics of Biofuel Policies, 2015, pp 109-119 from Palgrave Macmillan Abstract: Abstract Recall in Chapter 1 that corn prices almost doubled in the six months beginning in September 2006, precipitating the Mexican tortilla crisis in January 2007 and India’s ban of wheat exports the following month. This was the beginning of a long list of countries restricting exports (export bans, export taxes, value-added tax rebates, and actions by state trading enterprises and government to government sales) and promoting imports (lowering import barriers and manipulating domestic prices to be below world prices).1 Even peasants hoarded rice (Timmer 2008), which can have the same effects as a developing country policy response. Developing countries are presumed to be responding to a world market price shock, which we argue was due to biofuel policies whereas most others argue it was a “perfect storm” of factors. The source of the shock does not concern us here; it is the economics of the policy responses. Keywords: Policy Response; Domestic Price; World Price; Domestic Prex; World Prex (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-1-137-41485-4_7 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Studies in Agricultural Economics and Food Policy from Palgrave Macmillan |
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