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Impact of Global Food Price Escalation on Poverty in South Asian Countries

Muhammad Abdullah and Rukhsana Kalim
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Muhammad Abdullah: Assistant Professor of Economics, Govt. Post Graduate College, Sahiwal
Rukhsana Kalim: Dean, School of Business and Economics, University of Management and Technology (UMT), Lahore

The Pakistan Development Review, 2016, vol. 55, issue 4, 543-559

Abstract: The objective of this paper is to examine the impact of global food price escalation on poverty in South Asian countries since 1990 to 2011. Panel data procedure has been applied for empirical analysis. Panel unit root tests have been utilised before the application of panel co-integration. Poverty is measured through revealed behaviour approach which is considered better than other approaches, as it is based on the actual consumption made by the households. The present study uses actual average household consumption to measure poverty. Empirical results reveal that global food price escalation and per capita income positively and significantly affect average household consumption, which is the clear indication of poverty decline. International oil prices and interest rate significantly but negatively affect the average household consumption in South Asian countries. Findings of this study will be helpful for formulating effective public policies for poverty reduction in the era of trade liberalisation.

Keywords: Food Price Escalation; Poverty; Oil Prices; Per Capita Income; South Asia (search for similar items in EconPapers)
JEL-codes: E31 F41 I32 (search for similar items in EconPapers)
Date: 2016
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