EconPapers    
Economics at your fingertips  
 

Shock transmission in the International Food Trade Network. A Data-driven Analysis

Tiziano Distefano (), Francesco Laio (), Luca Ridolfi () and Stefano Schiavo
Additional contact information
Tiziano Distefano: Department of Environmental, Land and Infrastructure Engineering, Politecnico di Torino, Italy
Francesco Laio: Department of Environmental, Land and Infrastructure Engineering, Politecnico di Torino, Italy
Luca Ridolfi: Department of Environmental, Land and Infrastructure Engineering, Politecnico di Torino, Italy

No 617, SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies

Abstract: Food Security is a longstanding concern worldwide. The expansion of global food markets brings benefits but also risks, such as shock transmission within the global network of trade relations. We focus on this last issue, from an empirical point of view, by analysing the di usion of trade shocks - defined as relevant drops in exported quantities - during the period 1986 - 2011, for four major staples (wheat, maize, rice, and soybeans) both at country level and global scale. We find that: (i) income per capita of importing countries matters in shock propagation; (ii) developing countries tend to absorb most of the negative export variation (i.e., the trade shock), and (iii) global food prices and real (tonnes) uxes of commodities are only weakly correlated, meaning that a quantity-based investigation provides additional information with respect to a price-based analysis. This work o ers a novel framework, complementary to the price-based literature, for the definition and measurement of the propagation of international food shocks.

Keywords: food crisis; shock propagation; food security; international grain trade (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-int
Date: 2017-09, Revised 2017-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/0617.pdf First version, 2017 (application/pdf)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/0617.pdf Revised version, 2017 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:srt:wpaper:0617

Access Statistics for this paper

More papers in SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies
Bibliographic data for series maintained by Alessandro Palma ().

 
Page updated 2019-10-19
Handle: RePEc:srt:wpaper:0617