TESTING THE LINK BETWEEN PUBLIC INTERVENTION AND FOOD PRICE VARIABILITY: EVIDENCE FROM RICE MARKETS IN THE PHILIPPINES

Martinez, Elmer; Shively, Gerald E.; Masters, William J.

doi:10.22004/ag.econ.20883

TESTING THE LINK BETWEEN PUBLIC INTERVENTION AND FOOD PRICE VARIABILITY: EVIDENCE FROM RICE MARKETS IN THE PHILIPPINES

Martinez, Elmer; Shively, Gerald E.; Masters, William J.

1998

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Abstract

Monthly price data from the Philippines are used to test the influence of government buffer-stock programs on the level and variability of rice prices from 1974-1990. Results do not support the conjecture that prices were correlated with stock purchases.