The price is not always right: on the impacts of commodity prices on households (and countries)

Autores
Lederman, Daniel; Porto, Guido Gustavo
Año de publicación
2016
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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.
Facultad de Ciencias Económicas
Materia
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
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/126317
Acceder
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oai_identifier_str oai:sedici.unlp.edu.ar:10915/126317
network_acronym_str SEDICI
repository_id_str 1329
network_name_str SEDICI (UNLP)
spelling The price is not always right: on the impacts of commodity prices on households (and countries)Lederman, DanielPorto, Guido GustavoCiencias EconómicasMacroeconomicsEconomicsRelative pricePurchasing powerMarketing boardIndirect utility functionFood pricesMarket integrationMeasures of national income and outputMonetary economicsReal incomeThis 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.Facultad de Ciencias Económicas2016info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticulohttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/126317enginfo:eu-repo/semantics/altIdentifier/issn/0257-3032info:eu-repo/semantics/altIdentifier/issn/1564-6971info:eu-repo/semantics/altIdentifier/doi/10.1093/wbro/lkv013info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:30:17Zoai:sedici.unlp.edu.ar:10915/126317Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:30:18.298SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv The price is not always right: on the impacts of commodity prices on households (and countries)
title The price is not always right: on the impacts of commodity prices on households (and countries)
spellingShingle The price is not always right: on the impacts of commodity prices on households (and countries)
Lederman, Daniel
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
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 The price is not always right: on the impacts of commodity prices on households (and countries)
dc.creator.none.fl_str_mv Lederman, Daniel
Porto, Guido Gustavo
author Lederman, Daniel
author_facet Lederman, Daniel
Porto, Guido Gustavo
author_role author
author2 Porto, Guido Gustavo
author2_role author
dc.subject.none.fl_str_mv 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
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
dc.description.none.fl_txt_mv 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.
Facultad de Ciencias Económicas
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.
publishDate 2016
dc.date.none.fl_str_mv 2016
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articulo
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/126317
url http://sedici.unlp.edu.ar/handle/10915/126317
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/issn/0257-3032
info:eu-repo/semantics/altIdentifier/issn/1564-6971
info:eu-repo/semantics/altIdentifier/doi/10.1093/wbro/lkv013
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
instname:Universidad Nacional de La Plata
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reponame_str SEDICI (UNLP)
collection SEDICI (UNLP)
instname_str Universidad Nacional de La Plata
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
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