On the costs of food price fluctuations in low-income countries |
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Authors: | Robert J Myers |
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Institution: | Department of Agricultural Economics, Michigan State University, East Lansing, MI 48824, USA |
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Abstract: | 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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Keywords: | Food price fluctuations Welfare Growth Food security Stabilization |
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