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Welfare consequences of food prices increases: Evidence from rural Mexico

Attanasio, O; Di Maro, V; Lechene, V; Phillips, D; (2013) Welfare consequences of food prices increases: Evidence from rural Mexico. JOURNAL OF DEVELOPMENT ECONOMICS , 104 136 - 151. 10.1016/j.jdeveco.2013.03.009. Green open access

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Abstract

This paper presents an analysis of the welfare consequences of recent increases in food prices in Mexico using micro-level data. We estimate a QUAIDS model of demand for food, using data collected to evaluate the conditional cash transfer program Oportunidades. We show how the poor have been affected by the recent increases and changes in relative prices of foods. We also show how a conditional cash transfer program provides a means of alleviating the problem of increasing staple prices, and simulate the impact of such a policy on household welfare and consumer demand. We contrast this policy with alternative policy responses, such as price subsidies, which distort relative prices and are less well-targeted.

Type: Article
Title: Welfare consequences of food prices increases: Evidence from rural Mexico
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.jdeveco.2013.03.009
Publisher version: http://dx.doi.org/10.1016/j.jdeveco.2013.03.009
Additional information: © 2013 Elsevier B.V. All rights reserved. This work is licensed under a Creative Commons Attribution 3.0 Unported License.
Keywords: Welfare, Food prices, Demand, Policy, Conditional cash transfer
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/1360219
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