Arşiv ve Dokümantasyon Merkezi
Dijital Arşivi

The welfare effects of changes in global food prices on income distribution in Turkey

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dc.contributor Graduate Program in Economics.
dc.contributor.advisor Özertan, Gökhan.
dc.contributor.author Akar, Hüseyin.
dc.date.accessioned 2023-03-16T12:00:12Z
dc.date.available 2023-03-16T12:00:12Z
dc.date.issued 2019.
dc.identifier.other EC 2019 A63
dc.identifier.uri http://digitalarchive.boun.edu.tr/handle/123456789/16325
dc.description.abstract This study examines the pass-through effects of global food prices on food prices in Turkey, and the welfare effects of food price changes on income distribution in Turkey. Food products are the indispensable part of the consumption basket for entire households, especially for low-income groups. Therefore, food price changes can directly influence the living conditions of people positively or adversely. To figure out these impacts in Turkey, we first obtain the pass-through coefficients for the selected food groups using econometric tools. Then, we integrate these coefficients and Turkish household groups, which are divided into five brackets based upon nominal income, into the CGE analysis. This analysis allows us to estimate how an economy can react to changes in a part of the economy under the determined framework. Finally, we apply both a positive 5% shock and a negative 5% shock to world food prices. According to the findings, the income of all household groups declines when global food prices surge. However, rising food prices have a more adverse effect on low-income household groups, and accordingly distort income distribution in Turkey. Inversely, under the scenario wherein world food prices decline, low-income households are affected more positively in wealth terms. It is observed that income distribution in Turkey recovers slightly. Meanwhile, disruptive impact of increased food prices is stronger than remedial impact of tumbled prices on income distribution.
dc.format.extent 30 cm.
dc.publisher Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in the Social Sciences, 2019.
dc.subject.lcsh Food prices.
dc.subject.lcsh Food prices -- Government policy -- Turkey.
dc.subject.lcsh Agriculture -- Economic aspects.
dc.subject.lcsh Income -- Turkey.
dc.title The welfare effects of changes in global food prices on income distribution in Turkey
dc.format.pages viii, 57 leaves ;


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