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The Impact of Changes in Commodity Prices on Household Welfare in Rural Burkina Faso

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Listed:
  • Nakelse, Tebila
  • Dalton, Timothy
  • Hendricks, Nathan
  • Kabore, Moussa

Abstract

We use unique panel data to estimate the effect of an increase in the price of food commodities on household welfare in Burkina Faso. Our analysis includes the negative impacts on households as food consumers, as well as the positive impacts as food producers to estimate their net welfare change. The data were collected each year by the Burkina Faso Ministry of Agriculture and Food Security, which covered periods of food price crises. To evaluate the welfare effect of the price shocks, we first estimate demand and supply responses and then derive the net welfare change at the household and country level. Overall, the price shocks are associated with a gain in the rural household welfare because the producer’s effect outweighed the consumer’s effect.

Suggested Citation

  • Nakelse, Tebila & Dalton, Timothy & Hendricks, Nathan & Kabore, Moussa, 2017. "The Impact of Changes in Commodity Prices on Household Welfare in Rural Burkina Faso," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252774, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea17:252774
    DOI: 10.22004/ag.econ.252774
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    References listed on IDEAS

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    1. Joseph V. Balagtas & Humnath Bhandari & Ellanie R. Cabrera & Samarendu Mohanty & Mahabub Hossain, 2014. "Did the commodity price spike increase rural poverty? Evidence from a long-run panel in Bangladesh," Agricultural Economics, International Association of Agricultural Economists, vol. 45(3), pages 303-312, May.
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    Keywords

    Consumer/Household Economics; Demand and Price Analysis; International Development; Marketing;
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