The price is not always right: on the impacts of commodity prices on households (and countries)
This paper provides an overview of the impact of once-and-for-all changes in commodity prices and other prices on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncover strong commodity de...
Guardado en:
| Autores principales: | , |
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| Formato: | Articulo |
| Lenguaje: | Inglés |
| Publicado: |
2016
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| Acceso en línea: | http://sedici.unlp.edu.ar/handle/10915/126317 |
| Aporte de: |
| id |
I19-R120-10915-126317 |
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| record_format |
dspace |
| institution |
Universidad Nacional de La Plata |
| institution_str |
I-19 |
| repository_str |
R-120 |
| collection |
SEDICI (UNLP) |
| language |
Inglés |
| topic |
Ciencias Económicas Macroeconomics Economics Relative price Purchasing power Marketing board Indirect utility function Food prices Market integration Measures of national income and output Monetary economics Real income |
| spellingShingle |
Ciencias Económicas Macroeconomics Economics Relative price Purchasing power Marketing board Indirect utility function Food prices Market integration Measures of national income and output Monetary economics Real income Lederman, Daniel Porto, Guido Gustavo The price is not always right: on the impacts of commodity prices on households (and countries) |
| topic_facet |
Ciencias Económicas Macroeconomics Economics Relative price Purchasing power Marketing board Indirect utility function Food prices Market integration Measures of national income and output Monetary economics Real income |
| description |
This paper provides an overview of the impact of once-and-for-all changes in commodity prices and other prices on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncover strong commodity dependence in both continents: households typically allocate a large fraction of their budget to commodities and they often depend on commodities to earn their income. This income and expenditure dependency suggests sizable impacts and adjustments following commodity-price shocks. The paper explores these effects with a review of the literature. It studies consumption and income responses, labor-market responses, and spillovers across sectors. It ends up providing evidence on the relative magnitudes of various mechanisms through which commodity prices affect household (and national) welfare in developing economies. |
| format |
Articulo Articulo |
| author |
Lederman, Daniel Porto, Guido Gustavo |
| author_facet |
Lederman, Daniel Porto, Guido Gustavo |
| author_sort |
Lederman, Daniel |
| title |
The price is not always right: on the impacts of commodity prices on households (and countries) |
| title_short |
The price is not always right: on the impacts of commodity prices on households (and countries) |
| title_full |
The price is not always right: on the impacts of commodity prices on households (and countries) |
| title_fullStr |
The price is not always right: on the impacts of commodity prices on households (and countries) |
| title_full_unstemmed |
The price is not always right: on the impacts of commodity prices on households (and countries) |
| title_sort |
price is not always right: on the impacts of commodity prices on households (and countries) |
| publishDate |
2016 |
| url |
http://sedici.unlp.edu.ar/handle/10915/126317 |
| work_keys_str_mv |
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Repositorios |
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