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Conceptual framework on price volatility and its impact on food and nutrition security in the short term

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  • Matthias Kalkuhl
  • Lukas Kornher
  • Marta Kozicka
  • Pierre Boulanger
  • Maximo Torero

Abstract

This paper establishes a conceptual framework that links short-term price changes with food and nutrition security. We first provide an overview on the causes of commodity price volatility and approaches to measure volatility. Next, different concepts to measure food security impacts are elaborated and discussed. In contrast to consumption, utility or perception based indicators, anthropometric indicators provide the most direct measure of nutritional impacts. An extensive literature review emphasizes that anthropometric indicators can respond significantly within few months to shocks like droughts, seasonality or economic crises. As there is few research on the impact of price shocks to nutritional status, the developed conceptual framework elaborates different channels how price changes and price risks affect households and food security. The paper concludes with implications for further research to analyze the impact of price volatility on food security empirically.

Suggested Citation

  • Matthias Kalkuhl & Lukas Kornher & Marta Kozicka & Pierre Boulanger & Maximo Torero, 2013. "Conceptual framework on price volatility and its impact on food and nutrition security in the short term," FOODSECURE Working papers 15, LEI Wageningen UR.
    • Handle: RePEc:fsc:fspubl:15
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    Cited by:

    1. Matthias Kalkuhl & Irfan Mujahid, 2014. "A Typology of Indicators on Production Potential, Efficiency and FNS Risk," FOODSECURE Technical papers 4, LEI Wageningen UR.
    2. Kalkuhl, Matthias, 2014. "How Strong Do Global Commodity Prices Influence Domestic Food Prices? A Global Price Transmission Analysis," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169798, Agricultural and Applied Economics Association.
    3. Huffaker, R. & Canavari, M. & Muñoz-Carpena, R., 2018. "Distinguishing between endogenous and exogenous price volatility in food security assessment: An empirical nonlinear dynamics approach," Agricultural Systems, Elsevier, vol. 160(C), pages 98-109.
    4. Marta Kozicka & Dr Matthias Kalkuhl & Jan Brockhaus, 2015. "Food Grain Policies in India and Their Implications for Stocks and Fiscal Costs: A Partial Equilibrium Analysis," EcoMod2015 8377, EcoMod.
    5. Ebenezer, Appiah Collins & Jatoe, John Baptist D. & Mensa-Bonsu, Akwasi, 2018. "Food Price Sensitivity To Changes In Petroleum Price And Exchange Rate In Ghana: A Cointegration Analysis," 2018 Conference (2nd), August 8-11, Kumasi, Ghana 277791, Ghana Association of Agricultural Economists.
    6. Marta Kozicka & Matthias Kalkuhl & Jan Brockhaus, 2017. "Food Grain Policies in India and their Implications for Stocks and Fiscal Costs: A Dynamic Partial Equilibrium Analysis," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 98-122, February.
    7. Lukas Kornher & Matthias Kalkuhl, 2015. "A Typology for Price-related Food and Nutrition Risks and Policy Responses," FOODSECURE Technical papers 5, LEI Wageningen UR.
    8. Kalkuhl, Matthias, 2014. "How Strong Do Global Commodity Prices Influence Domestic Food Prices in Developing Countries? A Global Price Transmission and Vulnerability Mapping Analysis," Discussion Papers 168591, University of Bonn, Center for Development Research (ZEF).

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    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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