Food Prices and Poverty

• Tác giả: Derek D Headey
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.46 Poverty
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 291929
• Chủ đề: 1. AGRICULTURAL SUPPLY RESPONSE; 2. FOOD CRISIS; 3. FOOD PRICES; 4. POVERTY REDUCTION; 5. WAGES

Tóm tắt

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.