Food inflation, poverty, and urbanization
After a long secular decline in the 20th century, food prices spiked sharply in 2007-08, 2010-11 and again in 2021-22. While often termed “food crises”, economists disagree on whether rising food prices increase or decrease poverty: poor people have high food expenditure shares but also produce and...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/140833 |
| _version_ | 1855518260762509312 |
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| author | Headey, Derek D. Hirvonen, Kalle |
| author_browse | Headey, Derek D. Hirvonen, Kalle |
| author_facet | Headey, Derek D. Hirvonen, Kalle |
| author_sort | Headey, Derek D. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | After a long secular decline in the 20th century, food prices spiked sharply in 2007-08, 2010-11 and again in 2021-22. While often termed “food crises”, economists disagree on whether rising food prices increase or decrease poverty: poor people have high food expenditure shares but also produce and sell food, and higher food prices trigger food supply responses and growth in rural wages. One limitation of previous econometric studies is their focus on medium-run multi-year impacts, even though simulation analyses typically find negative impacts in the short run. In this study we therefore construct and analyze a novel short run panel of annual poverty and food price data for 33 middle income countries (MICs) over 2000-2019. Using standard panel data techniques, we find that increases in the real price of food predict reductions in $3.20/day poverty in less urbanized countries but increases in poverty in the most urbanized MICs. |
| format | Artículo preliminar |
| id | CGSpace140833 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1408332025-12-02T21:03:13Z Food inflation, poverty, and urbanization Headey, Derek D. Hirvonen, Kalle crises inflation urbanization developing countries food security food inflation food prices poverty After a long secular decline in the 20th century, food prices spiked sharply in 2007-08, 2010-11 and again in 2021-22. While often termed “food crises”, economists disagree on whether rising food prices increase or decrease poverty: poor people have high food expenditure shares but also produce and sell food, and higher food prices trigger food supply responses and growth in rural wages. One limitation of previous econometric studies is their focus on medium-run multi-year impacts, even though simulation analyses typically find negative impacts in the short run. In this study we therefore construct and analyze a novel short run panel of annual poverty and food price data for 33 middle income countries (MICs) over 2000-2019. Using standard panel data techniques, we find that increases in the real price of food predict reductions in $3.20/day poverty in less urbanized countries but increases in poverty in the most urbanized MICs. 2022-08-30 2024-04-12T13:36:43Z 2024-04-12T13:36:43Z Working Paper https://hdl.handle.net/10568/140833 en Open Access application/pdf International Food Policy Research Institute Headey, Derek D.; and Hirvonen, Kalle. 2022. Food inflation, poverty, and urbanization in the short run. IFPRI Discussion Paper 2133. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.136356. |
| spellingShingle | crises inflation urbanization developing countries food security food inflation food prices poverty Headey, Derek D. Hirvonen, Kalle Food inflation, poverty, and urbanization |
| title | Food inflation, poverty, and urbanization |
| title_full | Food inflation, poverty, and urbanization |
| title_fullStr | Food inflation, poverty, and urbanization |
| title_full_unstemmed | Food inflation, poverty, and urbanization |
| title_short | Food inflation, poverty, and urbanization |
| title_sort | food inflation poverty and urbanization |
| topic | crises inflation urbanization developing countries food security food inflation food prices poverty |
| url | https://hdl.handle.net/10568/140833 |
| work_keys_str_mv | AT headeyderekd foodinflationpovertyandurbanization AT hirvonenkalle foodinflationpovertyandurbanization |