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Analyzing food price trends in the context of Engel’s law and the Prebisch-Singer hypothesis (English)

Abstract

Income growth in emerging economies has often been cited as a key driver of the past decade’s com-modity price boom—the longest and broadest boom since World War II. This paper shows that income has a negative and highly significant effect on real food... See More +

Details

  • Baffes, John; Etienne, Xiaoli Liao;
  • 2015/09/28 10:20:02
  • Policy Research Working Paper
  • WPS7424
  • 1
  • 1
  • World
  • The World Region
  • 2015/09/28 10:18:45
  • Disclosed
  • Analyzing food price trends in the context of Engel’s law and the Prebisch-Singer hypothesis
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