Food Prices and Population Health in Developing Countries: An Investigation of the Effects of the Food Crisis Using a Panel Analysis

31 Pages Posted: 11 Sep 2013

See all articles by Suejin Lee

Suejin Lee

Korea University

Jae-Young Kim

Seoul National University - Department of Economics

Hyun-Hoon Lee

Kangwon National University

Cyn-Young Park

Asian Development Bank

Date Written: September 1, 2013

Abstract

High food prices can be an immediate threat to household food security, undermining population health, retarding human development, and lowering labor productivity for the economy in the long term. We employ a panel dataset covering 63 developing countries from 2001 to 2010 to make a comprehensive assessment of the effects of food price inflation and volatility on population health measured by infant mortality rate, child mortality rate, and the prevalence of undernourishment. We find that rising food prices have a significant and adverse effect on all three health indicators in developing countries. Furthermore, the impact of food prices is severer in the least developing countries although the effect is moderated in countries with a greater share of agriculture in gross domestic product.

Keywords: food price, health, food security

JEL Classification: I15, I18, I19, Q18

Suggested Citation

Lee, Suejin and Kim, Jae-Young and Lee, Hyun-Hoon and Park, Cyn-Young, Food Prices and Population Health in Developing Countries: An Investigation of the Effects of the Food Crisis Using a Panel Analysis (September 1, 2013). Asian Development Bank Economics Working Paper Series No. 374. Available at SSRN: https://ssrn.com/abstract=2323143 or http://dx.doi.org/10.2139/ssrn.2323143

Suejin Lee (Contact Author)

Korea University ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea, Republic of (South Korea)

Jae-Young Kim

Seoul National University - Department of Economics ( email )

San 56-1, Silim-dong, Kwanak-ku
Seoul 151-742
Korea

Hyun-Hoon Lee

Kangwon National University ( email )

Chunchon
Korea, Republic of (South Korea)

Cyn-Young Park

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines
(632) 632-5473 (Phone)

HOME PAGE: http://www.adb.org

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