Estimating the Short-Run Poverty Impacts of the 2010–11 Surge in Food Prices
AbstractGlobal food prices increased sharply between June and December 2010. This paper assesses the impact of price changes for 38 agricultural commodities on poverty using detailed data on patterns of production and consumption in 28 countries. We find considerable heterogeneity in the impacts, but estimate that poverty rose by 44 million people, with 68 million people falling into poverty and 24 million people raised out of poverty at the extreme poverty line of $1.25 per day. This corresponds to an average poverty increase of 1.1% points in low income countries and 0.7% points in middle income countries.
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Bibliographic InfoArticle provided by Elsevier in its journal World Development.
Volume (Year): 40 (2012)
Issue (Month): 11 ()
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Web page: http://www.elsevier.com/locate/worlddev
food prices; poverty; global; welfare; trade; sensitivity;
Other versions of this item:
- Ivanic, Maros & Martin, Will & Zaman, Hassan, 2011. "Estimating the short-run poverty impacts of the 2010-11 surge in food prices," Policy Research Working Paper Series 5633, The World Bank.
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- Tefera, Nigussie, 2012. "Welfare Impacts of Rising Food Prices in Rural Ethiopia: a Quadratic Almost Ideal Demand System Approach," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126698, International Association of Agricultural Economists.
- Quy-Toan Do & Andrei A. Levchenko & Martin Ravallion, 2012. "Coping with Food Price Volatility: Trade Insulation as Social Protection," NBER Chapters, in: The Economics of Food Price Volatility National Bureau of Economic Research, Inc.
- Larson, Donald F. & Otsuka, Keijiro & Matsumoto, Tomoya & Kilic, Talip, 2012. "Should African rural development strategies depend on smallholder farms ? an exploration of the inverse productivity hypothesis," Policy Research Working Paper Series 6190, The World Bank.
- von Braun, Joachim & Tadesse, Getaw, 2012. "Global Food Price Volatility and Spikes: An Overview of Costs, Causes, and Solutions," Discussion Papers 120021, University of Bonn, Center for Development Research (ZEF).
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