000117802 001__ 117802
000117802 005__ 20180122220225.0
000117802 037__ $$a634-2016-41446
000117802 041__ $$aen
000117802 245__ $$aFOOD INFLATION IN MALAWI: IMPLICATIONS FOR THE ECONOMY
000117802 260__ $$c2010-09
000117802 269__ $$a2010-09
000117802 300__ $$a93
000117802 336__ $$aThesis/ Dissertation
000117802 520__ $$aDespite consecutive years of good harvest, Malawi has experienced continuous price escalation of staple food commodities unsolved over the time. The real price of maize in Malawi has increased by 141 percent between 1998 and 2008, and has been rising along with the food prices of many other commodities over this period. This study therefore investigates the determinants of food inflation rate in Malawi and its effect on the economy. Monthly and annual data were collected from National Statistical Office and Reserve Bank of Malawi from 1978 to 2008. Data were analyzed by estimating an error correction model (ECM). The results show that fertilizer prices, crop diversification index, maize prices, diesel prices, real exchange rates and real interest rates significantly and positively influenced the rate of food price inflation in Malawi. In addition, the annual rate of food inflation, exports, imports, real interest rate and real exchange rate significantly influenced real agricultural output (GDP) and national GDP at 1 and 5 percent levels respectively. Furthermore, high food price inflation induced low purchasing power to consumers thereby reducing expenditure on consumable goods. Real national output (GDP) and agricultural GDP were negatively affected by food price inflation. The study recommends that a deliberate policy is needed to promote crop diversification in order to reduce food inflation emanating from monotonic food products. Policy makers also need to review exchange rate policy and move towards flexible exchange rate regime (e.g. crawling peg).
000117802 542__ $$fLicense granted by Julia Kelly (jkelly@umn.edu) on 2011-11-12T02:06:33Z (GMT):

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000117802 650__ $$aDemand and Price Analysis
000117802 650__ $$aFood Consumption/Nutrition/Food Safety
000117802 6531_ $$aFood inflation
000117802 6531_ $$aECM
000117802 6531_ $$aCrop diversification
000117802 6531_ $$aGDP
000117802 6531_ $$aEconomy
000117802 6531_ $$aMalawi
000117802 700__ $$aUlaro, Khonje Makaiko Gonapanyanja
000117802 8564_ $$s1007910$$uhttp://ageconsearch.umn.edu/record/117802/files/Khonje%20Makaiko%20Thesis.pdf
000117802 887__ $$ahttp://purl.umn.edu/117802
000117802 909CO $$ooai:ageconsearch.umn.edu:117802$$pGLOBAL_SET
000117802 912__ $$nSubmitted by Julia Kelly (jkelly@umn.edu) on 2011-11-12T02:12:14Z
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  Previous issue date: 2010-09
000117802 982__ $$gCollaborative Masters Program in Agricultural and Applied Economics>Research Theses
000117802 980__ $$a634