Food Prices and Poverty
Do higher food prices help or hinder poverty reduction? Despite much debate, existing research has almost solely relied on simulation models to address this question. In this paper World Bank poverty estimates are used to systematically test the re...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/421991480340958730/Food-prices-and-poverty http://hdl.handle.net/10986/25701 |
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okr-10986-257012021-06-08T14:42:46Z Food Prices and Poverty Headey, Derek D. food crisis food prices poverty reduction food security agricultural supply response wages Do higher food prices help or hinder poverty reduction? Despite much debate, existing research has almost solely relied on simulation models to address this question. In this paper World Bank poverty estimates are used to systematically test the relationship between changes in poverty and exogenous changes in real domestic food prices. The paper uncovers indicative evidence that increases in food prices are associated with reductions in poverty, not increases. A likely empirical explanation is the relatively strong agricultural supply and wage responses to food price increases, and the fact that the majority of the world's poor still heavily rely on agriculture or agriculture-related activities to earn a living. 2016-12-06T23:32:37Z 2016-12-06T23:32:37Z 2016-11 Working Paper http://documents.worldbank.org/curated/en/421991480340958730/Food-prices-and-poverty http://hdl.handle.net/10986/25701 English en_US Policy Research Working Paper;No. 7898 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
food crisis food prices poverty reduction food security agricultural supply response wages |
| spellingShingle |
food crisis food prices poverty reduction food security agricultural supply response wages Headey, Derek D. Food Prices and Poverty |
| relation |
Policy Research Working Paper;No. 7898 |
| description |
Do higher food prices help or hinder
poverty reduction? Despite much debate, existing research
has almost solely relied on simulation models to address
this question. In this paper World Bank poverty estimates
are used to systematically test the relationship between
changes in poverty and exogenous changes in real domestic
food prices. The paper uncovers indicative evidence that
increases in food prices are associated with reductions in
poverty, not increases. A likely empirical explanation is
the relatively strong agricultural supply and wage responses
to food price increases, and the fact that the majority of
the world's poor still heavily rely on agriculture or
agriculture-related activities to earn a living. |
| format |
Working Paper |
| author |
Headey, Derek D. |
| author_facet |
Headey, Derek D. |
| author_sort |
Headey, Derek D. |
| title |
Food Prices and Poverty |
| title_short |
Food Prices and Poverty |
| title_full |
Food Prices and Poverty |
| title_fullStr |
Food Prices and Poverty |
| title_full_unstemmed |
Food Prices and Poverty |
| title_sort |
food prices and poverty |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/421991480340958730/Food-prices-and-poverty http://hdl.handle.net/10986/25701 |
| _version_ |
1764459934364205056 |