A note on the theoretical framework for seasonal consumption patterns in developing countries

研究成果: Contribution to journalArticle査読

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This note discusses how seasonal price changes of a staple food affect farmers' seasonal consumption in developing countries, where storage of the staple food can be used to smooth consumption. Crucially, sharp increases in the price of the staple food just before harvest can be viewed as a high return to savings, and this has important implications for interpreting consumption, savings, and borrowing behavior of poor rural households in developing countries. Especially in this situation, reduced relative consumption of produced staple goods in the hunger season compared with that in other seasons due to its high price in the hunger season should not be interpreted only as income and substitution effects. Rather, it could reflect inability to reallocate resources across seasons.

本文言語英語
ページ(範囲)2309-2314
ページ数6
ジャーナルEconomics Bulletin
37
4
出版ステータス出版済み - 1 1 2017

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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