Food prices and poverty reduction in the long run

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dc.creatorHeadey, Derek D.
dc.date2014
dc.date2024-08-01T02:49:20Z
dc.date2024-08-01T02:49:20Z
dc.date.accessioned2026-06-27T14:57:32Z
dc.descriptionStandard microeconomic methods consistently suggest that, in the short run, higher food prices increase poverty in developing countries. In contrast, macroeconomic models that allow for an agricultural supply response and consequent wage adjustments suggest that the poor ultimately benefit from higher food prices. In this paper we use international data to systematically test the relationship between changes in domestic food prices and changes in poverty. We find robust evidence that in the long run (one to five years) higher food prices reduce poverty and inequality. The magnitudes of these effects vary across specifications and are not precisely estimated, but they are large enough to suggest that the recent increase in global food prices has significantly accelerated the rate of global poverty reduction.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/149403
dc.identifier.urihttp://hdl.handle.net/123456789/90488
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://hdl.handle.net/10568/152621
dc.relationhttps://doi.org/10.2499/9780896291782RM165
dc.relationhttps://hdl.handle.net/10568/154137
dc.relationhttps://hdl.handle.net/10568/153568
dc.rightsOpen Access
dc.sourceHeadey, Derek D. 2014. Food prices and poverty reduction in the long run. IFPRI Discussion Paper 1331. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/149403
dc.subjectincome
dc.subjectincome generation
dc.subjectpoverty alleviation
dc.subjectfood prices
dc.subjectpoverty
dc.subjectequality
dc.titleFood prices and poverty reduction in the long run
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)