On the effects of COVID-19 on food prices in India: a time-varying approach
European Review of Agricultural Economics
; 50(2):232-249, 2022.
Article
in English
| CAB Abstracts | ID: covidwho-2258220
ABSTRACT
Since the inception of the novel coronavirus, immense research efforts have been made to understand how several economic indicators, including food security, would be affected. With India racing behind the United States in terms of daily infection rate and being a country with challenging food security issues, it is important to investigate how the presence of the pandemic has influenced the dynamics of food prices in the country. This paper considers seven price series from 167 markets across the five regions in India as well as the growth rate of COVID-19 infection. The paper uses a time-varying autoregressive model to investigate the nonlinear dynamics of food prices in relation to the pandemic in India. The resultant models reveal strong asymmetric properties with shock-inflicted persistence, which appear not to converge over the simulation period. Moreover, in terms of the location of the burden of the pandemic impact, we find a food product divide.
Food Economics [EE116], Supply; Demand and Prices [EE130], pandemics, coronavirus disease 2019, food prices, economic impact, models, Severe acute respiratory syndrome coronavirus 2, India, Severe acute respiratory syndrome-related coronavirus, Betacoronavirus, Coronavirinae, Coronaviridae, Nidovirales, positive-sense ssRNA Viruses, ssRNA Viruses, RNA Viruses, viruses, Commonwealth of Nations, lower-middle income countries, medium Human Development Index countries, South Asia, Asia, SARS-CoV-2
Full text:
Available
Collection:
Databases of international organizations
Database:
CAB Abstracts
Type of study:
Experimental Studies
Language:
English
Journal:
European Review of Agricultural Economics
Year:
2022
Document Type:
Article
Similar
MEDLINE
...
LILACS
LIS