On the costs of food price fluctuations in low-income countries

Conventional welfare measures of the costs of food price fluctuations in low-income countries are extended to allow for both economic growth and food security effects. The analysis reveals that growth and food security effects may dominate more conventional welfare costs of food price fluctuations,...

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Veröffentlicht in:Food policy 2006-08, Vol.31 (4), p.288-301
1. Verfasser: Myers, Robert J.
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description Conventional welfare measures of the costs of food price fluctuations in low-income countries are extended to allow for both economic growth and food security effects. The analysis reveals that growth and food security effects may dominate more conventional welfare costs of food price fluctuations, although estimating the empirical magnitude of the effects is hampered by the lack of consensus on the extent to which food price fluctuations actually reduce economic growth and food security. Even if the welfare costs of food price fluctuations are high there are many challenges to the design and successful implementation of price stabilization schemes.
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subjects developing countries
economic development
food policy
Food price fluctuations
food prices
Food security
Growth
Stabilization
Welfare
welfare economics
title On the costs of food price fluctuations in low-income countries
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