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What Drives Local Food Prices? Evidence from the Tanzanian Maize Market / Baffes, John
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Baffes, John
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Industry.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Local Subjects:
- Industry.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Physical Description:
- 1 online resource (50 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2015
- System Details:
- data file
- Summary:
- This study quantifies the relationship between Tanzanian and external maize markets while also accounting for domestic influences. It concludes that external influences on domestic prices originate from regional, rather than global, markets. It also shows that, compared to external factors, domestic factors exert a greater influence on Tanzanian maize markets. Further, the mechanisms through which trade policies influence maize markets involve interactions with both external market shocks and domestic weather shocks. Overall, it provides evidence that the intermittent imposition of export bans in Tanzania has had adverse impacts on its maize markets, and consequently, on the development of its agrarian economy.
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