全球智库信息集成服务系统(G2TT): DP5548 The Elimination of Madagascar's Vanilla Marketing Board, Ten Years On

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来源类型	Discussion paper
规范类型	论文
来源ID	DP5548
	DP5548 The Elimination of Madagascar's Vanilla Marketing Board, Ten Years On
	Jaime de Melo; Olivier Cadot; Laure Dutoit
发表日期	2006-03-12
出版年	2006
语种	英语
摘要	Commodity prices are usually very slow to recover from adverse shocks. This is one of the reasons why it has proven so difficult either to smooth their effect or to stabilize them, and why it is sometimes argued that they should behave as if shocks were permanent. There is no reason however why countries should not find ways to protect themselves. This paper develops one practical idea on how this could be done. Our goal is not to stabilize prices, but to smooth the income of the producers. Countries, we assume, should get protection against deviation of commodity prices from a moving average of past prices. This avoids the pitfalls of past stabilization that attempted to stabilize around a single price and yet our scheme gives countries time to adjust to permanent shocks. Over a period of a 50 years time horizon, we simulate that the median cost would be worth about six months of exports.
主题	International Trade and Regional Economics
关键词	Marketing board Poverty Vanilla Madagascar
URL	https://cepr.org/publications/dp5548
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/534393
推荐引用方式 GB/T 7714	Jaime de Melo,Olivier Cadot,Laure Dutoit. DP5548 The Elimination of Madagascar's Vanilla Marketing Board, Ten Years On. 2006.