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  1. Weather shocks, prices and productivity
    evidence from staples in Mexico
    Published: November 2023
    Publisher:  [Banco de México], [Ciudad de México, México]

    In this paper, we investigate the effect of weather shocks on the price of two crops of great importance in Mexican agriculture: white corn and dry beans. We rely on panel data techniques applied to a 20-year long panel of prices at the market/city... more

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 192
    No inter-library loan

     

    In this paper, we investigate the effect of weather shocks on the price of two crops of great importance in Mexican agriculture: white corn and dry beans. We rely on panel data techniques applied to a 20-year long panel of prices at the market/city level. Our results show that positive temperature and negative precipitation shocks of at least 0.5 standard deviations relative to the climate normal have immediate and lagged positive effects on the price of these crops. The immediate effect is about 2.0%, while the lagged effect is between 1.0% and 2.5%, depending on the timing of the shock within the crop's growing period. We also show that one of the mechanisms explaining the effect of weather shocks on the price of these crops is their detrimental effect on productivity, especially for rainfed production.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Banco de México ; no 2023, 16
    Subjects: Food Inflation; Weather Shocks; Staple Prices; Local Markets
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  2. The evolution of U.S. retail concentration
    Published: [2022]
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 539
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 07 (March 2022)
    Subjects: Retail; Local Markets; Concentration; Herfindahl-Hirschman Index
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  3. Temperature shocks and their effect on the price of agricultural products
    panel data evidence from vegetables in Mexico
    Published: March 2023
    Publisher:  [Banco de México], [Ciudad de México, México]

    In this paper, we estimate the effect of temperature shocks on the price of nine vegetables with a high contribution to Mexico's non core inflation. We utilize monthly panel data of the price index of each vegetable at the city level which we combine... more

    Access:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 192
    No inter-library loan

     

    In this paper, we estimate the effect of temperature shocks on the price of nine vegetables with a high contribution to Mexico's non core inflation. We utilize monthly panel data of the price index of each vegetable at the city level which we combine with high resolution weather data of the producing states. For every city, we construct a relevant temperature measure by weighting the different temperatures of its supplier states using historic production shares and distance. Our findings elicit a convex U-shaped relationship between temperature and vegetable prices and a high sensitivity of the latter to contemporaneous and lagged temperature shocks that occur within their growing period. Our findings also suggest that temperature shocks may have a detrimental effect on vegetable yields which may be an important driver of the impact on prices.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Banco de México ; no 2023, 02
    Subjects: Food Inflation; Weather Shocks; Vegetable Prices; Local Markets
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  4. Public transportation and consumer prices
    chain stores, street vendors and mom and pop stores
    Published: May 2024
    Publisher:  [Banco de México], [Ciudad de México, México]

    Improving public transport infrastructure changes local market conditions. In this paper, I examine the impact of the construction and operation of "Metrobus", Mexico City's Bus Rapid Transit (BRT) system on consumer prices in chain stores, street... more

    Access:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 192
    No inter-library loan

     

    Improving public transport infrastructure changes local market conditions. In this paper, I examine the impact of the construction and operation of "Metrobus", Mexico City's Bus Rapid Transit (BRT) system on consumer prices in chain stores, street vendors, and small family-owned (mom and pop) stores. I do so through a panel event study design. I consider the construction and operation of BRT as two different phenomena; while the former is associated to street closures, the latter reduces transportation costs. I show that only prices in mom and pop stores respond to changes in local market conditions produced by the introduction of BRT. For these businesses, construction pressures prices downwards; in contrast, operation is associated with partial price recoveries. I cannot reject a null effect in prices from chain stores or street vendors.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Banco de México ; no 2024, 02
    Subjects: Public Transportation; Local Markets; Price Formation
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen