Description: Estimating the Short-Run Poverty Impacts of the 2010

Estimating the Short-Run Poverty Impacts of the 2010–11 Surge in Food Prices

Global food prices have increased substantially since mid-2010, as have prices in many developing countries. In this study we assess the poverty impact of the price changes between June and December 2010 in twenty-eight low and middle income countr...

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Bibliographic Details
Main Authors:	Ivanic, Maros, Martin, Will, Zaman, Hassan
Language:	English
Published:	2012
Subjects:	ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL ECONOMICS AGRICULTURAL INCOMES AGRICULTURAL PRODUCTIVITY AGRICULTURE BANANAS BEEF BEETS BEVERAGES CALORIE INTAKE CASH CROPS CASH TRANSFERS CASSAVA CHANGES IN POVERTY COCOA COMMODITY PRICE COMMODITY PRICES CONSUMER PRICES CONSUMPTION BASKET COOKING DAIRY DECOMPOSABLE POVERTY DEFINITIONS OF POVERTY DIETARY DIVERSITY DIVERSIFICATION DOMESTIC MARKETS DOMESTIC PRICES ECONOMIC GROWTH EDIBLE OILS EGGS ENERGY PRICES EXPENDITURE EXPENDITURES EXTREME POVERTY EXTREME POVERTY LINE FOOD BUYERS FOOD COMMODITIES FOOD CONSUMERS FOOD GRAINS FOOD ITEMS FOOD POLICY FOOD POLICY RESEARCH FOOD PRICE FOOD PRICES FOOD PRODUCTION FOOD SALES FOOD STAPLES FOOD STOCKS FOOD SUPPLY FRUITS GLOBAL POVERTY GRAINS GROUNDNUT GROUNDNUT OIL GROUNDNUTS HOUSEHOLD BUDGET HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD WELFARE IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GROWTH INFLATION INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE LIVING STANDARDS MAIZE MALNUTRITION MEAT MILK MUTTON OILS AND FATS ORANGES PALM OIL PEANUTS POOR POOR CONSUMERS POOR FARMERS POOR HOUSEHOLDS POOR PEOPLE POOR PRODUCERS PORK POTATOES POVERTY ASSESSMENT POVERTY ESTIMATES POVERTY GAP POVERTY GAP INDEX POVERTY IMPACT POVERTY INCREASE POVERTY LINES POVERTY POVERTY POVERTY POVERTY CHANGE POVERTY RATE POVERTY REDUCTION PRICE CHANGE PRICE CHANGES PRICE FLUCTUATIONS PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE VOLATILITY REDUCTION IN POVERTY RICE RURAL RURAL AREAS RURAL DEVELOPMENT RURAL POOR RURAL WELFARE SAFETY NET SAFETY NET PROGRAMS SOYBEAN SOYBEANS SUBSTITUTE SUBSTITUTES SUGAR SUGAR CANE TARGETING TEA TOTAL POVERTY VEGETABLES WAGE RATES WHEAT WORLD MARKETS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110413081249 http://hdl.handle.net/10986/3399

Description
Summary:	Global food prices have increased substantially since mid-2010, as have prices in many developing countries. In this study we assess the poverty impact of the price changes between June and December 2010 in twenty-eight low and middle income countries. This is done by gathering detailed information on individual households' food production and consumption levels for thirty-eight agricultural and food commodities to assess the impacts on household welfare. This study estimates that this sudden food price surge increased the number of poor people globally, but with considerably different impacts in different countries. The heterogeneity of these impacts is partly related to the wide variation in the transmission of global prices to local prices and partly to differences in households' patterns of production and consumption. On balance, the adverse welfare impact on net buyers outweighs the benefits to net sellers resulting in an increase in the number of poor and in the depth of poverty. We estimate that the average poverty change was 1.1 percentage points in low income countries and 0.7 percentage points in middle income countries with a net increase of 44 million people falling below the $1.25 per day extreme poverty line.

Estimating the Short-Run Poverty Impacts of the 2010–11 Surge in Food Prices

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