Abstract
ABSTRACTThis study assesses price transmission along the Egyptian tomato food marketing chain in the period that followed the Arab Spring, which accentuated economic precariousness in Egypt. Static and time-varying copula methods are used for this purpose. Results suggest a positive link between producer, wholesaler and retailer tomato prices. Such positive dependence is characterized by asymmetries during extreme market events that lead price increases to be transferred more completely along the supply chain than price declines.
Highlights
IntroductionThe second food price crisis started at the end of 2010 that leads to series of revolutions so-called Arab Spring began with Tunisia, Egypt, Syria, Libya and Yemen (Ciezadlo 2011)
The 2007/2008 food crisis affected several countries socially and politically
The second food price crisis started at the end of 2010 that leads to series of revolutions so-called Arab Spring began with Tunisia, Egypt, Syria, Libya and Yemen (Ciezadlo 2011)
Summary
The second food price crisis started at the end of 2010 that leads to series of revolutions so-called Arab Spring began with Tunisia, Egypt, Syria, Libya and Yemen (Ciezadlo 2011). Inflation is bigger if a longer time span is considered: from the first week of January 2011 till the first week of December 2013, Egyptian food prices increased by 17.7% (Egyptian Food Observatory 2013). This economic downturn led to food price instability, food shortages and higher poverty
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