The Long and Short Run Impacts of Food and Energy Price Shocks: Evidence from Nigeria

Goodness C. Aye

No 125048, 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia from Australian Agricultural and Resource Economics Society

Abstract: The current global food crisis presents a puzzle, thus raising concerns among researchers and policymakers. A number of causes have been identified. However, the relative importance of each factor is still uncertain. In this study, the link between food prices and the various interconnected factors are modelled. The study also quantifies the current and future poverty impacts of rising food and energy prices under a number of scenarios. In general, it was observed that rising food and energy prices have adverse effects on the Nigerian economy and household welfare. Thus, the need for appropriate policy responses cannot be overstressed.

Keywords: Consumer/Household Economics; Food Security and Poverty; International Relations/Trade (search for similar items in EconPapers)
Pages: 12
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare12:125048

DOI: 10.22004/ag.econ.125048

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