Does Globalization Enhance Food Security: Empirical Evidence for Latin America and the Caribbean

Orhan Cengiz () and Omer Demir ()
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Orhan Cengiz: Cukurova University, Pozanti Vocational School, Department of Accounting and Taxation
Omer Demir: Sirnak University, Silopi Vocational School, Department of Management and Organization

World Journal of Applied Economics, 2024, vol. 10, issue 2, 73-86

Abstract: Despite significant progress in reducing poverty since the 1990s, many countries still face a significant problem in achieving food security. Nearly 10% of the world’s population faced hunger in 2022, and this figure has unfortunately been accelerated because of global developments, such as the COVID-19 pandemic and the Russia-Ukraine war. This study attempts to investigate the impact of globalization on food security in 27 Latin America and the Caribbean (LAC) countries by using annual data covering the 2001-2021 period. The Driscoll & Kraay standard error and panel corrected standard error (PCSE) estimators show that globalization, arable land, population, economic growth, and institutional quality enhance food security, but inflation worsens it.

Keywords: Food security; Food insecurity; Globalization; Latin America and the Caribbean (LAC); Driscoll & Kraay, PCSE (search for similar items in EconPapers)
JEL-codes: F15 F62 Q18 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ana:journl:v:10:y:2024:i:2:p:73-86

DOI: 10.22440/wjae.10.2.3

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