The impact of food and economic crises on diet and nutrition

Ralitza Dimova, Ira N. Gang, Patrick Monnet Gbakou, Daniel Hoffman

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Abstract

The conventional view is that inelastic demand makes consumption of staple foods resilient to major price and income shocks. We explore the dietary and nutritional implications of a major shock in Bulgaria in the mid-1990s with data from before, during and after the shock. While demand for foodstuffs may remain relatively unchanging in environments characterised by stable food prices and incomes, economic crises and significant price spikes appeared to induce dramatic changes in price and income demand elasticities. We therefore suggest the use of caution in basing policy prescriptions on randomly available pre-crisis simulations.
Original languageEnglish
Pages (from-to)1687-1699
Number of pages12
JournalThe Journal of Development Studies
Volume50
Issue number12
DOIs
Publication statusPublished - 10 Nov 2014

Research Beacons, Institutes and Platforms

  • Global Development Institute

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