Are we overestimating the negative impact of higher food prices?: Evidence from Ghana
Most studies of the welfare impact of higher food prices adopt Deaton's approach, based on the first‐order effect of prices changes using income and expenditure survey data. This paper explores the impact of higher maize and food prices in Ghana and considers the sensitivity of results to changes in...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2015
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/151059 |
| _version_ | 1855534335846776832 |
|---|---|
| author | Minot, Nicholas Dewina, Reno |
| author_browse | Dewina, Reno Minot, Nicholas |
| author_facet | Minot, Nicholas Dewina, Reno |
| author_sort | Minot, Nicholas |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Most studies of the welfare impact of higher food prices adopt Deaton's approach, based on the first‐order effect of prices changes using income and expenditure survey data. This paper explores the impact of higher maize and food prices in Ghana and considers the sensitivity of results to changes in several assumptions. If second‐order effects are included, incorporating household response to price changes, the welfare impact of food price increases is more positive, but only modestly so. However, if we assume that marketing margins are constant in real terms rather than proportional to prices, the welfare impact is substantially more positive. These findings highlight the need for more research on the behavior of marketing margins under volatile prices. |
| format | Journal Article |
| id | CGSpace151059 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1510592024-11-15T08:52:53Z Are we overestimating the negative impact of higher food prices?: Evidence from Ghana Minot, Nicholas Dewina, Reno welfare measurement maize food prices Most studies of the welfare impact of higher food prices adopt Deaton's approach, based on the first‐order effect of prices changes using income and expenditure survey data. This paper explores the impact of higher maize and food prices in Ghana and considers the sensitivity of results to changes in several assumptions. If second‐order effects are included, incorporating household response to price changes, the welfare impact of food price increases is more positive, but only modestly so. However, if we assume that marketing margins are constant in real terms rather than proportional to prices, the welfare impact is substantially more positive. These findings highlight the need for more research on the behavior of marketing margins under volatile prices. 2015-12-14 2024-08-01T02:55:05Z 2024-08-01T02:55:05Z Journal Article https://hdl.handle.net/10568/151059 en Limited Access Wiley Minot, Nicholas; and Dewina, Reno. 2015. Are we overestimating the negative impact of higher food prices? Evidence from Ghana. Agricultural Economics 46(4): 579 - 593. https://doi.org/10.1111/agec.12183 |
| spellingShingle | welfare measurement maize food prices Minot, Nicholas Dewina, Reno Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title | Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title_full | Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title_fullStr | Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title_full_unstemmed | Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title_short | Are we overestimating the negative impact of higher food prices?: Evidence from Ghana |
| title_sort | are we overestimating the negative impact of higher food prices evidence from ghana |
| topic | welfare measurement maize food prices |
| url | https://hdl.handle.net/10568/151059 |
| work_keys_str_mv | AT minotnicholas areweoverestimatingthenegativeimpactofhigherfoodpricesevidencefromghana AT dewinareno areweoverestimatingthenegativeimpactofhigherfoodpricesevidencefromghana |