Distributional impacts of global food price shocks in South Africa: Case of Russian-Ukraine conflict

Faaiqa Hartley and Sherwin Gabriel

No wp-2024-81, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The world has faced an increasing number of global shocks that have resulted in large and unpredictable changes in global prices, particularly of food. These increases, coupled with the negative impacts of shocks to economic growth, have had damaging effects on welfare, hunger, and diets. Future global price shocks are likely, whether spurred by geopolitical tensions, climatic extremes, or natural disasters. This paper assesses the distributional impact of food price shocks on households in South Africa using price increases during the 2022 Russia-Ukraine war as a case study.

Keywords: Computable general equilibrium; Microsimulation; Price shocks; Poverty; Food price (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-agr, nep-cis and nep-int
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