The short and longer term potential welfare impact of global commodity inflation in Tanzania

"This paper uses a computable general equilibrium model to assess the welfare impact of commodity price inflation in Tanzania and possible tax policy responses in the short, medium, and long term. The results suggest that global commodity inflation since 2006 may have had a significantly negati...

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Bibliographic Details
Main Author: Dessus, Sébastien
Corporate Author: World Bank
Format: eBook
Language:English
Published: [Washington, D.C] World Bank 2008
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Dessus, Sébastien 
245 0 0 |a The short and longer term potential welfare impact of global commodity inflation in Tanzania  |h Elektronische Ressource  |c Sebastien Dessus 
260 |a [Washington, D.C]  |b World Bank  |c 2008 
653 |a Primary commodities / Prices / Tanzania 
653 |a Inflation (Finance) / Tanzania 
710 2 |a World Bank 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Policy research working paper 
500 |a Includes bibliographical references. - Title from PDF file as viewed on 5/12/2009 
856 4 0 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4760  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a "This paper uses a computable general equilibrium model to assess the welfare impact of commodity price inflation in Tanzania and possible tax policy responses in the short, medium, and long term. The results suggest that global commodity inflation since 2006 may have had a significantly negative impact on all Tanzanian households. Most of the negative impact comes from the rise in the price of oil. In contrast, food price spikes are potentially welfare improving for all Tanzanian households in the medium to long run. In comparison with nonpoor households, poor households in Tanzania may be relatively shielded from global commodity inflation because they derive a larger share of their incomes from agricultural activity and consume less oil-intensive products. Finally, the results suggest that tax policies encouraging greater agricultural production and consumption may help to reduce poverty. In contrast, policies discouraging agricultural production (such as export bans) bear the risk of increasing poverty in the long run. However, such policies would only effect at the margin (in one direction or the other) the likely impact of global commodity inflation on poverty. "--World Bank web site