Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate Change Adaptation: Food and Agriculture 1 Location: B003 Session Chair: Lotanna E. Emediegwu, Manchester Metropolitan University | |
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Food Price Dynamics under ENSO Events: A Panel Local Projections Analysis 1: Manchester Metropolitan University, United Kingdom; 2: European Commission Joint Research Centre–Seville, Spain El Ni˜no–Southern Oscillation (ENSO) is a global climatic event with important consequences for agricultural production. Several studies have investigated its impact on yields, considering different crops and varying spatial scales. However, less attention has been paid to its effects on food prices. The present paper tries to fill this gap through a global analysis of the effect of ENSO shocks, divided into its main events, namely El Ni˜no and La Ni˜na, on the retail prices of several food commodities and crops. To achieve this, a large panel dataset of monthly retail market prices combined with climatic indices envisaged to capture ENSO shocks has been analysed by adopting the local projection methodology. Impulse response functions spanning till one year after a shock are adopted to interpret the results. The impact of ENSO shocks on food prices varies considerably according to the event, the region under consideration, and the same food item. However, it can be observed a general tendency of increasing prices for several staples in Sub-Saharan Africa in consequence of El Ni˜no shocks. This deserves particular attention in light of the vulnerability of this region. | |