Analysing the Impact of Price Shocks in Rural Economies: Do Household Responses Matter?
研究了坦桑尼亚农村家庭对食品价格上涨的应对行为(包括生产调整、消费替代和市场参与选择),发现这些行为会显著改变长期福利影响的方向和大小。
We analyse the impact of higher food prices on rural households in Tanzania focusing on the often neglected role of households’ behavioural responses. We introduce a new framework which considers the production response jointly with substitution effects in consumption and takes into account households’ market participation choices. Taking into account behavioural responses on consumption and production can significantly alter the sign and magnitude of the welfare impact in the long run.