Poverty Effects of Higher Food Prices : A Global Perspective

De Hoyos, Rafael E.; Medvedev, Denis

dc.creator	De Hoyos, Rafael E.
dc.creator	Medvedev, Denis
dc.date	2012-03-19T19:09:40Z
dc.date	2012-03-19T19:09:40Z
dc.date	2009-03-01
dc.date.accessioned	2023-02-17T21:08:51Z
dc.date.available	2023-02-17T21:08:51Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090330112537
dc.identifier	http://hdl.handle.net/10986/4082
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/245105
dc.description	The spike in food prices between 2005 and the first half of 2008 has highlighted the vulnerabilities of poor consumers to higher prices of agricultural goods and generated calls for massive policy action. This paper provides a formal assessment of the direct and indirect impacts of higher prices on global poverty using a representative sample of 63 to 93 percent of the population of the developing world. To assess the direct effects, the paper uses domestic food consumer price data between January 2005 and December 2007--when the relative price of food rose by an average of 5.6 percent --to find that the implied increase in the extreme poverty headcount at the global level is 1.7 percentage points, with significant regional variation. To take the second-order effects into account, the paper links household survey data with a global general equilibrium model, finding that a 5.5 percent increase in agricultural prices (due to rising demand for first-generation biofuels) could raise global poverty in 2010 by 0.6 percentage points at the extreme poverty line and 0.9 percentage points at the moderate poverty line. Poverty increases at the regional level vary substantially, with nearly all of the increase in extreme poverty occurring in South Asia and Sub-Saharan Africa.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 4887
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	AGRICULTURAL ACTIVITIES
dc.subject	AGRICULTURAL ACTIVITY
dc.subject	AGRICULTURAL COMMODITIES
dc.subject	AGRICULTURAL ECONOMICS
dc.subject	AGRICULTURAL INCOMES
dc.subject	AGRICULTURAL OUTPUT
dc.subject	AGRICULTURAL PRICES
dc.subject	AGRICULTURAL PRODUCERS
dc.subject	AGRICULTURAL PRODUCTION
dc.subject	AGRICULTURAL PRODUCTIVITY
dc.subject	AGRICULTURAL PRODUCTS
dc.subject	AGRICULTURAL SECTOR
dc.subject	AGRICULTURAL SECTORS
dc.subject	AGRICULTURAL SELF-EMPLOYMENT
dc.subject	AGRICULTURAL WAGE
dc.subject	AGRICULTURE
dc.subject	CA
dc.subject	CALORIC INTAKE
dc.subject	CENTRAL BANKS
dc.subject	CHANGES IN POVERTY
dc.subject	CLIMATE CHANGE
dc.subject	COMMODITY
dc.subject	COMMODITY PRICES
dc.subject	COMPETITION POLICY
dc.subject	CONSUMER DEMAND
dc.subject	CONSUMER DEMANDS
dc.subject	CONSUMER PRICE INDEX
dc.subject	CONSUMER PRICES
dc.subject	CONSUMPTION BASKET
dc.subject	CONSUMPTION PATTERNS
dc.subject	CORN
dc.subject	CROP YIELDS
dc.subject	DEMOGRAPHIC
dc.subject	DEMOGRAPHIC CHANGES
dc.subject	DEMOGRAPHIC STRUCTURE
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING ECONOMIES
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT ISSUES
dc.subject	DOLLAR POVERTY INCIDENCE
dc.subject	DOMESTIC COMPETITION
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC MARKETS
dc.subject	DOMESTIC PRICE
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC POLICY
dc.subject	ECONOMIC REVIEW
dc.subject	ECONOMIC THEORY
dc.subject	EMPIRICAL QUESTION
dc.subject	ENVIRONMENTAL IMPACTS
dc.subject	EXPENSIVE FOOD
dc.subject	EXPORT PRICE INDEX
dc.subject	EXTREME POVERTY
dc.subject	EXTREME POVERTY LINE
dc.subject	FACTORS OF PRODUCTION
dc.subject	FAIR TRADE
dc.subject	FARM ACTIVITIES
dc.subject	FARM HOUSEHOLDS
dc.subject	FARM INCOMES
dc.subject	FARMER
dc.subject	FARMERS
dc.subject	FARMING ACTIVITIES
dc.subject	FINANCIAL CRISIS
dc.subject	FOOD BASKET
dc.subject	FOOD BASKETS
dc.subject	FOOD BUNDLE
dc.subject	FOOD BUYERS
dc.subject	FOOD COMMODITIES
dc.subject	FOOD CONSUMERS
dc.subject	FOOD CONSUMPTION
dc.subject	FOOD EXPENDITURE
dc.subject	FOOD ITEM
dc.subject	FOOD ITEMS
dc.subject	FOOD PRICE
dc.subject	FOOD PRICES
dc.subject	FOOD PRICING
dc.subject	FOOD PRODUCERS
dc.subject	FOOD SHARE
dc.subject	FOOD STAPLES
dc.subject	FOOD SUPPLY
dc.subject	FREE TRADE
dc.subject	GLOBAL ECONOMIC PROSPECTS
dc.subject	GLOBAL POVERTY
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GRAINS
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HARMONIZATION
dc.subject	HEADCOUNT RATIO
dc.subject	HIGH-INCOME COUNTRIES
dc.subject	HOUSEHOLD BUDGET
dc.subject	HOUSEHOLD HEAD
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSEHOLD LEVEL
dc.subject	HOUSEHOLD PER CAPITA INCOME
dc.subject	HOUSEHOLD SURVEY
dc.subject	HOUSEHOLD SURVEYS
dc.subject	HOUSEHOLD WELFARE
dc.subject	IMPACT ON POVERTY
dc.subject	INCIDENCE OF POVERTY
dc.subject	INCOME
dc.subject	INCOME DISTRIBUTION
dc.subject	INCOME GAINS
dc.subject	INCOME GROUPS
dc.subject	INCOME ON FOOD
dc.subject	INEQUALITY
dc.subject	INFLATION RATES
dc.subject	INSTITUTIONAL CONSTRAINTS
dc.subject	INTERNATIONAL TRADE
dc.subject	LABOR MARKET
dc.subject	LAND PRICES
dc.subject	LIBERALIZATION
dc.subject	LIVING STANDARDS
dc.subject	LOCAL CURRENCY
dc.subject	LOW-INCOME COUNTRIES
dc.subject	MACROECONOMIC POLICIES
dc.subject	MARKET ACCESS
dc.subject	MARKET CONDITIONS
dc.subject	MARKET DISTORTIONS
dc.subject	MEAN INCOME
dc.subject	MEATS
dc.subject	MIDDLE-INCOME COUNTRIES
dc.subject	MILLION PEOPLE
dc.subject	NATIONAL POVERTY
dc.subject	NATIONAL POVERTY HEADCOUNT
dc.subject	NATURAL RESOURCES
dc.subject	NET FOOD CONSUMERS
dc.subject	NEW POOR
dc.subject	NON-FOOD CONSUMPTION
dc.subject	NON-FOOD EXPENDITURE
dc.subject	NON-FOOD ITEMS
dc.subject	NONFOOD ITEMS
dc.subject	PADDY
dc.subject	PER CAPITA CONSUMPTION
dc.subject	POLICY RESEARCH
dc.subject	POOR
dc.subject	POOR CONSUMERS
dc.subject	POOR HOUSEHOLDS
dc.subject	POOR INFRASTRUCTURE
dc.subject	POOR PEOPLE
dc.subject	POORER HOUSEHOLDS
dc.subject	POORER REGIONS
dc.subject	POVERTY ESTIMATES
dc.subject	POVERTY IMPACT
dc.subject	POVERTY INCREASE
dc.subject	POVERTY INDICATOR
dc.subject	POVERTY INDICATORS
dc.subject	POVERTY INDICES
dc.subject	POVERTY LINES
dc.subject	POVERTY POVERTY
dc.subject	POVERTY RATE
dc.subject	POVERTY RATES
dc.subject	POVERTY REDUCTION
dc.subject	PRICE CHANGES
dc.subject	PRICES INCREASE
dc.subject	PROCESSED FOODS
dc.subject	PURCHASING POWER
dc.subject	REAL INCOMES
dc.subject	REAL TERMS
dc.subject	REDUCTION IN POVERTY
dc.subject	RELATIVE PRICE
dc.subject	RELATIVE PRICES
dc.subject	RURAL
dc.subject	RURAL AREAS
dc.subject	RURAL HOUSEHOLD
dc.subject	RURAL HOUSEHOLDS
dc.subject	RURAL INCOME
dc.subject	RURAL POVERTY
dc.subject	RURAL WELFARE
dc.subject	SAVINGS
dc.subject	SMALL FARMERS
dc.subject	SUGAR
dc.subject	SUGAR CANE
dc.subject	TARGETING
dc.subject	TOTAL POVERTY
dc.subject	URBAN AREA
dc.subject	URBAN AREAS
dc.subject	URBAN CONSUMERS
dc.subject	URBAN HOUSEHOLDS
dc.subject	WAGE EARNERS
dc.subject	WAGE PREMIUM
dc.subject	WELFARE INDICATOR
dc.subject	WELFARE MEASURES
dc.subject	WHEAT
dc.subject	WORLD DEVELOPMENT INDICATORS
dc.subject	WORLD TRADE
dc.title	Poverty Effects of Higher Food Prices : A Global Perspective
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region