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Agricultural trade distortions during recent international price spikes: what implications for food security?

Author

Listed:
  • Magrini, Emiliano
  • Montalbano, Pierluigi
  • Nenci, Silvia
  • Salvatici, Luca
Abstract
The aim of this paper is to assess the causal impact of trade policy distortions on food security. This is an hot issue since restrictions to agricultural trade have been generally applied by national governments, especially in developing countries, as a tool to insulate domestic markets from international prices turmoil. The added value of this work is twofold: i) the use of a non parametric matching technique with continuous treatment, namely the Generalised Propensity Score (GPS) to address the self selection bias; ii) the analysis of heterogeneity in treatment (by commodities) as well as in outcome (i.e., different dimensions of food security). The outcomes of our estimates show clearly that trade policy distortions are, overall, significantly correlated with the various dimensions of food security under analysis. Specifically, countries supporting the primary sector tend to be better off in all the dimensions of food security (food availability, access, utilisation and stability. However, the maximum level of food security is associated with moderate protection policies.

Suggested Citation

  • Magrini, Emiliano & Montalbano, Pierluigi & Nenci, Silvia & Salvatici, Luca, 2014. "Agricultural trade distortions during recent international price spikes: what implications for food security?," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182726, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182726
    DOI: 10.22004/ag.econ.182726
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    Citations

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    Cited by:

    1. Christensen, Cheryl, 2018. "Progress and Challenges in Global Food Security," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 0(01), February.
    2. Götz, Linde & Djuric, Ivan & Nivievskyi, Oleg, 2016. "Regional wheat price effects of extreme weather events and wheat export controls in Russia and Ukraine [Regionale Weizenpreiseffekte von Wetterextremen und Weizenexportkontrollen in Russland und de," IAMO Discussion Papers 154, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    3. repec:zbw:iamodp:235157 is not listed on IDEAS
    4. Esposti, Roberto, 2014. "The Impact of the 2005 CAP First Pillar Reform as a Multivalued Treatment Effect: Alternative Estimation Approaches," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183067, European Association of Agricultural Economists.
    5. Linde Götz & Ivan Djuric & Oleg Nivievskyi, 2016. "Regional Price Effects of Extreme Weather Events and Wheat Export Controls in Russia and Ukraine," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 741-763, September.
    6. Roberto ESPOSTI, 2014. "To match, not to match, how to match: Estimating the farm-level impact of the CAP-first pillar reform (or: How to Apply Treatment-Effect Econometrics when the Real World is;a Mess)," Working Papers 403, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    7. Marcella Corsi & Marina De Angelis & Pierluigi Montalbano, 2013. "The Gender Impact of Microfinance: The Case of Wekembe in Uganda," Working Papers CEB 13-045, ULB -- Universite Libre de Bruxelles.

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    More about this item

    Keywords

    Demand and Price Analysis; Food Security and Poverty; International Relations/Trade;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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