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Does Globalization Enhance Food Security: Empirical Evidence for Latin America and the Caribbean

Author

Listed:
  • Orhan Cengiz

    (Cukurova University, Pozanti Vocational School, Department of Accounting and Taxation)

  • Omer Demir

    (Sirnak University, Silopi Vocational School, Department of Management and Organization)

Abstract

Despite significant progress in reducing poverty since the 1990s, many countries still face a significant problem in achieving food security. Nearly 10% of the world’s population faced hunger in 2022, and this figure has unfortunately been accelerated because of global developments, such as the COVID-19 pandemic and the Russia-Ukraine war. This study attempts to investigate the impact of globalization on food security in 27 Latin America and the Caribbean (LAC) countries by using annual data covering the 2001-2021 period. The Driscoll & Kraay standard error and panel corrected standard error (PCSE) estimators show that globalization, arable land, population, economic growth, and institutional quality enhance food security, but inflation worsens it.

Suggested Citation

  • Orhan Cengiz & Omer Demir, 2024. "Does Globalization Enhance Food Security: Empirical Evidence for Latin America and the Caribbean," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 10(2), pages 73-86, December.
    • Handle: RePEc:ana:journl:v:10:y:2024:i:2:p:73-86
    DOI: 10.22440/wjae.10.2.3
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    More about this item

    Keywords

    Food security; Food insecurity; Globalization; Latin America and the Caribbean (LAC); Driscoll & Kraay; PCSE;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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