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Causes, consequences and policy implications of global food price shocks: Introduction and overview.

Abstract:

Between January 2006 and April 2008 the real price of food traded on world markets rose by around 80%. The factors behind this dramatic surge are varied and, to an extent, remain contested, although fundamental shifts in patterns of demand, the effects of climate change, and the greater use of grains and oilseeds as fuel substitutes played a major role. Financial factors, including asset-price bubbles in commodity-backed securities, may also have played a role. As more recent events suggest, ...

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Publisher copy:
10.1093/jae/ejr012

Authors


Christopher S. Adam More by this author
Olu Ajakaiye More by this author
Journal:
Journal of African Economies
Volume:
20
Issue:
suppl. 1
Publication date:
2011
DOI:
URN:
uuid:955d7a62-5a04-4f42-8afe-2d002ae2b493
Local pid:
oai:economics.ouls.ox.ac.uk:15119
Language:
English

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