Agricultural price volatility and economic models : Lessons from recent crisis

Gérard Françoise, Piketty Marie-Gabrielle, Boussard Jean-Marc. 2012. Agricultural price volatility and economic models : Lessons from recent crisis. Indian Development Review, 10 (1) : 81-99.

Résumé : The recent price spike on international agricultural markets took experts by surprise, most economists worrying about the long term decline of agricultural prices, and calls into question one of the most widespread political recommendations over the last three decades: "liberalize trade and trust international markets with regard to food security". Nevertheless, according to the most classical economic theory, such behaviour of agricultural prices was to be expected. However, certain fundamentals of market price dynamics have often been neglected in world models. An alternative representation of price formation in a world model is presented and its results discussed.

Mots-clés Agrovoc : modèle économétrique, modèle mathématique, stabilisation des prix, prix de marché, formation des prix, évaluation du risque, sécurité alimentaire, produit agricole, produit alimentaire, marché mondial

Classification Agris : E71 - Commerce international
U10 - Informatique, mathématiques et statistiques

Champ stratégique Cirad : Axe 5 (2005-2013) - Politiques publiques, pauvreté et inégalités

Auteurs et affiliations

• Gérard Françoise, CIRAD-ES-UPR GREEN (FRA)
• Piketty Marie-Gabrielle, CIRAD-ES-UPR GREEN (FRA) ORCID: 0009-0004-0101-2414
• Boussard Jean-Marc, Académie d'agriculture de France (FRA)

Source : Cirad - Agritrop (https://agritrop.cirad.fr/565592/)

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