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The Economics of the International Stockholding of Wheat AgEcon
Morrow, Daniel T..
In low-income countries the bulk of adjustment to fluctuation in food supplies is made by the poor. The direct price and indirect employment effects of a 10 percent decline in foodgrain supplies reduce foodgrain expenditure by as much as 40 percent in real terms for the lowest 10 percent of the same decline in production the reduction in foodgrain expenditures is only 1 percent in real terms for the top 5 percent of the income distribution. And yet it is the poor who are least able to spend such a high proportion of their income on food that price increases induced by shortages greatly reduce their capacity to buy foodgrains, whereas the more well-to-do compensate by spending less on other goods and services, thereby further decreasing the income of the...
Tipo: Report Palavras-chave: Wheat trade; Wheat storage; International Relations/Trade.
Ano: 1980 URL: http://purl.umn.edu/42221
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