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 article World Bank poverty estimates are used to systematically test the relationship between changes in poverty and exogenou...
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Published by Oxford University Press on behalf of the World Bank
2020
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| Online Access: | http://hdl.handle.net/10986/33532 |
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okr-10986-335322021-05-25T10:54:42Z Food Prices and Poverty Headey, Derek D. FOOD CRISIS FOOD PRICES POVERTY REDUCTION 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 article World Bank poverty estimates are used to systematically test the relationship between changes in poverty and exogenous changes in real domestic food prices. We uncover indicative evidence that increases in food prices are associated with reductions in poverty, not increases. We empirically explain this result in terms of 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. 2020-04-03T19:28:26Z 2020-04-03T19:28:26Z 2018-10 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/33532 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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FOOD CRISIS FOOD PRICES POVERTY REDUCTION AGRICULTURAL SUPPLY RESPONSE WAGES |
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FOOD CRISIS FOOD PRICES POVERTY REDUCTION AGRICULTURAL SUPPLY RESPONSE WAGES Headey, Derek D. Food Prices and Poverty |
| 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 article World Bank poverty estimates are used to systematically test the relationship between changes in poverty and exogenous changes in real domestic food prices. We uncover indicative evidence that increases in food prices are associated with reductions in poverty, not increases. We empirically explain this result in terms of 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 |
Journal Article |
| 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 |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2020 |
| url |
http://hdl.handle.net/10986/33532 |
| _version_ |
1764478971048624128 |