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Economic Effects of Oil and Food Price Shocks in Asia and Pacific Countries: An Application of SVAR Model AgEcon
Alom, Fardous.
This study investigates the economic effects of external oil and food price shocks in the context of selected Asia and Pacific countries including Australia, New Zealand, South Korea, Singapore, Hong Kong, Taiwan, India and Thailand. The study is conducted within the framework of SVAR model using quarterly data over the period 1980 to 2010 although start date varies based on availability of data. The study reveals that resource poor countries that specialize in heavy manufacturing industries like Korea and Taiwan are highly affected by international oil price shocks. Oil price shocks negatively affect industrial output growth and exchange rate and positively affect inflation and interest rates. On the other hand, oil poor nations such as Australia and New...
Tipo: Conference Paper or Presentation Palavras-chave: Oil price; Food price; Shocks; Economic effects; Asia; Pacific; SVAR; Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/115346
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AGRICULTURAL RESEARCH AND URBAN POVERTY IN INDIA AgEcon
Fan, Shenggen.
Using a similar analytical approach to a study in China, this paper analyzes the impact of agricultural research on urban poverty reduction in India. State level data from 1970 to 1995 were used in the empirical analysis. It is found that in addition to its large impact on rural poverty reduction, agricultural research investments have also played a major role in the reduction of urban poverty. Agricultural research investments increase agricultural production, and increased production in turn lowers food prices. The urban poor often benefit proportionately more than the non-poor since they spend 50-80% of their income on food. Among all the rural investments considered in this study, agricultural research has the largest impact on urban poverty reduction...
Tipo: Working or Discussion Paper Palavras-chave: Developing countries; India; Agricultural research; Urban; Poverty; Food price; Community/Rural/Urban Development; Research and Development/Tech Change/Emerging Technologies.
Ano: 2002 URL: http://purl.umn.edu/16079
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THE IMPACT OF INTERMEDIATE INPUT PRICE CHANGES ON FOOD PRICES: AN ANALYSIS OF "FROM-THE-GROUND-UP" EFFECTS AgEcon
Lee, Chinkook.
The impact of intermediate input price increases on food prices is analyzed assuming the producers can pass through increased production costs to final consumers. Five scenarios of input price increases are empirically examined. Findings indicate that the meat processing sector has a strong dependence on intermediate inputs (livestock), and an increase in livestock prices would have a greater impact on processed meat prices than would any other intermediate input price increases. Price increases in the service sector would result in overall price increases in food prices comparable to increases in intermediate agricultural commodities. Further, price increases in nondurable goods have more influence on food price increases than durable goods.
Tipo: Journal Article Palavras-chave: Food price; Input-output analysis; Intermediate input; Pass-through effects; Demand and Price Analysis.
Ano: 2002 URL: http://purl.umn.edu/14651
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Do Food Prices Affect Food Security? Evidence from the CPS 2002-2006 AgEcon
Gregory, Christian A.; Coleman-Jensen, Alisha.
In this paper, we estimate the effect of food prices on food insecurity for SNAP recipients using data from the Current Population Survey and the recently published Quarterly Food At Home Price Database. We form a local food price index based on amounts of food for a household of four as established by the Thrifty Food Plan. We use an econometric model that accounts for the endogeneity of SNAP receipt to food insecurity and for household-level unobservables. We find that the average effect of food prices on the probability of food insecurity is positive and significant: an increase of one standard deviation in the price of our food basket is associated with an increase in food insecurity of between 1.3 and 2 percentage points for SNAP households. These...
Tipo: Working or Discussion Paper Palavras-chave: Food price; Food insecurity; SNAP; Discrete factor model; Demand and Price Analysis; Food Security and Poverty; I38.
Ano: 2011 URL: http://purl.umn.edu/103265
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