Responding to the coffee crisis: What can we learn from price dynamics?

Journal of Development Economics

Volumn 85, Issue 1-2, 2008, Pages 282-311

  Mehta, Aashish ^a   Chavas, Jean Paul ^b  

^a ASIAN DEVELOPMENT BANK   (Philippines)

^b UNIVERSITY OF WISCONSIN MADISON   (United States)

Author keywords

Coffee crisis; Commodity price agreement; Hysteresis; Price dynamics

Indexed keywords

ECONOMETRICS; ESTIMATION METHOD; HYSTERESIS; PRICE DYNAMICS;

EID: 35948939264     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jdeveco.2006.07.006     Document Type: Article

References (49)

1. Akiyama T. Coffee Market Liberalization since 1990. In: Akiyama T., Baffles J., Larson D.F., and Varangis P. (Eds). Commodity Market Reforms: Lessons of Two Decades (2001), World Bank, Washington D.C.
2. Akiyama T., and Duncan R.C. Analysis of the World Coffee Market. World Bank Staff Commodity Working Paper vol. 7 (1982), World Bank, Washington D.C.
3. Akiyama T., and Varangis P.N. The impact of the International Coffee Agreement on producing countries. World Bank Economic Review 4 1 (1990) 157-173
4. Bates R.F. Open Economy Politics: the Political Economy of the World Coffee Trade (1997), Princeton University press, Princeton
5. Behrman J. Development, the International Economics Order and Commodity Agreements (1978), Addison-Wesley, Reading, Massachusetts
6. Bettendorf L., and Verboven F. Incomplete transmission of coffee bean prices: evidence from the Netherlands. European Review of Agricultural Economics 27 1 (2000) 1-16
7. Bewley R. An econometric analysis of the factors effecting the price of instant coffee. Contributions to Economic Analysis 240 (1999) 33-65
8. Bohman M., Jarvis L., and Barichello R. Rent seeking and international commodity agreements: the case of coffee. Economic Development and Cultural Change 44 2 (1996) 379-404
9. Calfat G., and Flores R. Government Actions to Support Coffee Producers - an Investigation of Possible Measures from the European Union Side. Economics working paper vol. 448 (2002), Getulio Vargas Foundations, Brazil
10. Cardenas M. Stabilization and redistribution of coffee revenues: a political economy model of commodity marketing boards. Journal of Development Economics 44 (1994) 351-380
11. Clinton W.P. Coffee. in McGraw-Hill Encyclopedia of Science and Technology (1992), McGraw-Hill, New York
12. Daviron B., and Ponte S. The Coffee Paradox: Global Markets, Commodity Trade and the Elusive Promise of Development (2005), Zed Books, London
13. Deaton A., and Laroque G. Competitive storage and commodity prices. Journal of Political Economy 104 5 (1996) 896-923
14. Delios H. Coffee growers starve amid a glutted market. Chicago Tribune (2002) (September 19th)
15. Dixit A., and Pindyck R.S. Investment under Uncertainty (1994), Princeton University Press, Princeton
16. Durevall D. Competition and pricing: an analysis of the market for roasted coffee. High Prices in Sweden - A Result of Poor Competition? (2003), Swedish Competition Authority Report, Stockholm
17. Durevall D. Demand for Coffee: the Role of Prices, Preferences and Market Power. Economics Working Paper vol. 162 (2005), Göteborg University, Sweden
18. Ezekiel M. The cob-web model. Quarterly Journal of Economics 52 2 (1938) 255-280
19. Feuerstein S. Do coffee roasters benefit from high prices of green coffee?. International Journal of Industrial Organization 20 (2002) 89-118
20. Frederick S., Loewenstein G., and O'Donoghue T. Time discounting and time preference: a critical review. Journal of Economic Literature 40 2 (2002) 351-401
21. Gilbert C. International commodity agreements: design and performance. World Development 15 5 (1987) 591-616
22. Gordon-Ashworth F. International Commodity Control: a Contemporary History and Appraisal (1984), Croom Helm Commodity Series, London
23. Hamilton J. Time Series Analysis (1994), Princeton University Press, Princeton
24. Hermann R. Free riders and the redistributive effects of international commodity agreements: the case of coffee. Journal of Policy Modeling 8 4 (1986) 597-621
25. Hermann R., Burger K., and Smit H.P. Commodity policy: price stabilization vs. financing. In: Winters A., and Sapford D. (Eds). Primary Commodity Prices (1990), Cambridge University Press, Cambridge
26. International Coffee Organization. Coffee Crisis (2004). www.ico.org
27. Junguito, R., Pizano, D., 1999. Continuity and change in the Colombian coffee industry. in Contemporary Studies in Economic and Financial Analysis, vol. 84: Colombia: an opening economy? 51-65. 267-276.
28. Kaldor N. A classificatory note on the determinateness of equilibrium. Review of Economic Studies 1 2 (1934) 122-136
29. Kamich B. Coffee Industry Watching Leader Folgers For Price Rise (2002), Reuters 10/31/02
30. Karp L., and Perloff J. A dynamic model of oligopoly in the coffee export market. American Journal of Agricultural Economics 75 (1993) 448-457
31. Koerner J. The dark side of coffee: price war in the German market for roasted coffee. Department of Food Economics and Consumption Studies. Working Paper vol. 0204 (2002), University of Kiel
32. Krasner S.D. Manipulating international coffee markets: Brazilian Coffee Policy 1906 to 1962. Public Policy 21 4 (1973) 493-523
33. Lewin B., Giovannucci D., and Varangis P. Coffee Markets: New Paradigms in Global Supply and Demand. Agriculture and Rural Development Discussion Paper vol. 3 (2004), World Bank, Washington D.C.
34. McMahon G. The income distribution effects of the Kenyan coffee marketing system. Journal of Development Economics 31 (1989) 297-326
35. Mehta, A., Chavas, J.P., 2004. Responding to the Coffee Crisis: What can we learn from Price Dynamics? In Investment, Dynamics and Development: Three Essays. Ph.D. Dissertation (A. Mehta): U. Wisconsin - Madison.
36. Muth J.F. Rational expectations and the theory of price movements. Econometrica 29 3 (1961) 315-335
37. Otero J.G. Coffee, economic fluctuations and stabilization: an intertemporal disequilibrium model with capital market imperfections. Journal of Development Economics 62 (2000) 105-129
38. Otero J. Coffee export booms and monetary disequilibrium: some evidence for Colombia. Applied Economics 33 2 (2001) 267-276
39. Otero J., and Milas C. Modelling the spot prices of various coffee types. Economic Modelling 18 (2001) 625-641
40. Oxfam. Mugged: poverty in your coffee cup (2002). www.oxfamamerica.org/pdfs/mugged_coffee-report. pdf
41. Palm F.C., and Vogelvang B. The effectiveness of the World Coffee Agreement: a simulation study using a quarterly model of the world coffee market. In: Guevenen O., Labys W.C., and Lesourd J.B. (Eds). International Commodity Market Models (1991), Chapman and Hall, London
42. Ponte S. The 'Latte Revolution'? regulation, markets and consumption in the global coffee chain. World Development 30 (2002) 1099-1122
43. Roberts M. Testing oligopolistic behavior. International Journal of Industrial Organization 2 (1984) 367-383
44. Shepherd B. Market Power in International Commodity Processing Chains: Preliminary Results from the Coffee Market (2004), GEM, Sciences-Po, Paris
45. Talbot J.M. Where does your coffee dollar go?: the division of income and surplus along the coffee commodity chain. Studies in Comparative International Development 32 1 (1997) 56-91
46. Talbot J.M. Grounds for agreement: the political-economy of the coffee commodity chain (2004), Rowman and Littlefield, Oxford
47. Varangis P., Siegel P., Giovannucci D., and Lewin B. Dealing with the Coffee Crisis in Central America: Impacts and Strategies. World Bank Policy Research Working Paper vol. 2993 (2003), World Bank, Washington D.C.
48. Weiner T. Low Prices Threaten Coffee Farmers' Livelihood, Report Says (2002), New York Times September 19th
49. Wrigley G. Coffee (1988), Longman, London