GRIPS 政策研究センター Policy Research Center


2011/12/15 Report No:11-16

What Drove the Crop Price Hikes in the Food Crisis?

  • Tanaka TetsujiSchol of Oriental and African Studies, University of London
  • 細江 宣裕政策研究大学院大学
分野 経済学
言語 英語

In the late 2000s, the world grain markets experienced severe turbulence with rapid crop price rises caused by bad crops, oil price hikes, export restrictions, and the emergence of biofuels as well as financial speculation. We review the impacts of the first four real-side factors using a world trade computable general equilibrium model. Our simulation results show that oil and biofuels-related shocks were the major factors among these four in crop price hikes but that these real-side factors in total can explain only about 10% of the actual crop price rises.

キーワード food crisis; crop price hikes; bad crops; oil price hikes; export restrictions; emergence of biofuels; computable general equilibrium model
添付ファイル 11-16.pdf