Year: 2014
Type: book-chapter
Abstract: Food prices increased significantly in 2007–8 in Ethiopia due to several supply- and demand-side factors. The Ethiopian government released emergency food grain reserves, imported and distributed wheat at subsidized price, banned the export of staple cereals, and removed value added and turnover taxes on food items. It also increased the reserve requirement of commercial banks and reduced domestic borrowing by public enterprises. These measures were mostly initiated by the government and the role of interest groups as well as local and international actors has been limited. These measures were taken to prevent potential social unrest and maintain macro-economic stability. A combination of factors including export bans, structural and cyclical factors, and developments in international markets have been cited as the main causes of the price increase.
Source: Oxford University Press eBooks
Author: Assefa Admassie
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDGs: No poverty, Zero hunger
Open Access status: green
OpenAlex ID: W2506964223