@article{Weber:211901,
      recid = {211901},
      author = {Weber, Regine},
      title = {Welfare Impacts of Rising Food Prices: Evidence from  India},
      address = {2015},
      number = {1008-2016-80198},
      pages = {27},
      year = {2015},
      abstract = {India has been experiencing rising food prices during the  last five years. In this paper we explore how inflationary  food prices impact India’s consumer welfare and poverty  ratios, by calculating the compensating variation as a  welfare measure. We account for changes in consumption  patterns, i.e. substitution effects among food items, by  including own and cross price elasticities obtained through  the estimation of a demand system, i.e. QUAIDS. Our results  show that consumers substitute high value commodities, e.g.  milk, livestock products and fruits in case of rising  prices. Moreover, a 10 per cent price increase on average  causes a welfare loss of 5 to 6 per cent of monthly income  in rural areas and 3 to 4 per cent welfare loss in urban  areas. As a result, there is a drop below the poverty line  of an additional 4.69 per cent and 2.19 per cent of  households in rural and urban regions respectively.},
      url = {http://ageconsearch.umn.edu/record/211901},
      doi = {https://doi.org/10.22004/ag.econ.211901},
}