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GTAP Resources: Resource Display

GTAP Resource #4809

"Regional trade and volatility in staple food markets in Africa"
by Badiane, Ousmane and Sunday Pierre Odjo


Abstract
Recent studies indicate relatively strong trade performance in general by Africa as a whole and a number of individual countries in global markets (Bouet et al; 2014) as well as in continental and major regional markets (Badiane et al; 2014). The increased competitiveness has in general translated into higher shares of regional markets in total exports by the different groupings. Relatively faster growth in demand in continental and regional markets, compared to global markets, has also boosted export performance by African countries. For instance, during the second half of the last decade, the share of African exports of all goods and agricultural products in value terms has risen sharply, from 0.05 to 0.21 and from 0.15 to 0.34 percent, respectively, in line with the stronger competitive position of African exporters shown earlier.

By promoting competition and specialization in production, regional trade, similarly to global trade, can contribute to food security through its impact on long term output and productivity growth with their induced effects on employment and incomes. Where these effects are positive, trade raises the availability of food as well as the ability of affected groups to access food. Trade also helps reduce the unit cost of supplying food to local markets, lowering food prices or reducing the pace at which they rise, which in turn improves the affordability of food. Finally, trade can also help stabilize supplies in domestic food markets and reduce the associated risks for vulnerable groups.

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Resource Details (Export Citation) GTAP Keywords
Category: Econometric Application
Status: Not published
By/In:
Date: 2015
Version:
Created: Odjo, S. (4/21/2015)
Updated: Batta, G. (6/24/2015)
Visits: 431
- Agricultural policies
- Food prices and food security
- Africa (East)
- Africa (West)


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