Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia
agricultural production; commodity price; computable general equilibrium analysis; economic growth; economic impact; food; global economy; Gross Domestic Product; mitigation; poverty; subsidy system; urban area; Malaysia
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2023
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my.uniten.dspace-237472023-05-29T14:51:29Z Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia Solaymani S. Yusma Bt Mohamed Yusoff N. 55313897800 55812094300 agricultural production; commodity price; computable general equilibrium analysis; economic growth; economic impact; food; global economy; Gross Domestic Product; mitigation; poverty; subsidy system; urban area; Malaysia This study uses a computable general equilibrium approach to investigate the impact of high global food and agricultural commodity prices and two mitigation options (a rise in agricultural input subsidies and an improvement in agricultural productivity) on poverty and economic performance of Malaysia. Simulated results showed that, as a whole, the high global food price has a negative impact on the economic growth of Malaysia. It decreases real gross domestic product of Malaysia by 0.53%. Although the food price hike initially increases poverty in urban areas, it would significantly decrease the poverty of rural and noncitizen households. However, both mitigation options can reduce the negative impact of the shock on the poverty and economic growth of Malaysia. The agricultural subsidy rise option cannot reduce the poverty level of all household groups, whereas the productivity improvement option can alleviate the poverty level of all household groups. In conclusion, results suggest that the agricultural productivity improvement option is more effective than the agricultural subsidy rise option to mitigate the negative impact of global food price shocks on the economy and poverty of Malaysia. � The Author(s) 2017. Final 2023-05-29T06:51:28Z 2023-05-29T06:51:28Z 2018 Article 10.1177/0021909617714275 2-s2.0-85041389122 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85041389122&doi=10.1177%2f0021909617714275&partnerID=40&md5=7006cad27b175e566831dfada6c247eb https://irepository.uniten.edu.my/handle/123456789/23747 53 5 685 702 SAGE Publications Ltd Scopus |
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| description |
agricultural production; commodity price; computable general equilibrium analysis; economic growth; economic impact; food; global economy; Gross Domestic Product; mitigation; poverty; subsidy system; urban area; Malaysia |
| author2 |
55313897800 |
| author_facet |
55313897800 Solaymani S. Yusma Bt Mohamed Yusoff N. |
| format |
Article |
| author |
Solaymani S. Yusma Bt Mohamed Yusoff N. |
| spellingShingle |
Solaymani S. Yusma Bt Mohamed Yusoff N. Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| author_sort |
Solaymani S. |
| title |
Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| title_short |
Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| title_full |
Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| title_fullStr |
Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| title_full_unstemmed |
Poverty Effects of Food Price Escalation and Mitigation Options: The Case of Malaysia |
| title_sort |
poverty effects of food price escalation and mitigation options: the case of malaysia |
| publisher |
SAGE Publications Ltd |
| publishDate |
2023 |
| _version_ |
1806427959823695872 |