This paper employs a latent variable approach to isolate the effects of changing tastes on the share of total meat expenditure on different categories of meat products in Greece during the period 1965–1995. We find that changes in the relative expenditure on different categories of meat cannot...

We estimate rural household income uncertainties and welfare changes due to commodity price and production variability in Ghana and Peru under different scenarios for international and domestic market shocks. Uncertainties significantly affect the variability of household income, especially for...

A number of tests and dating algorithms have been developed and used to identify rapid increases in prices followed by a collapse, also known as explosive bubbles (Phillips, Wu and Yu, 2011; Phillips, Shi and Yu, 2012; Gilbert, 2009; Gutierrez, forthcoming). Previous analysis on agriculture commodities by...

The prices of many staple food commodities have increased substantially over the past year. As a result, many developing countries are facing larger food import bills. The cereal import bill of the world’s poorest countries is forecast to rise by 56 percent in 2007/08, following an already...

Generally the vast majority of poor households in developing countries live in the rural areas and heavily rely on agriculture and agricultural assets for their livelihoods. Vietnam gives evidence of the same patterns whereby 90 percent of the poor live in rural areas and more than 80 percent of...