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Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries

International journal of environmental research and public health, 2020-08, Vol.17 (16), p.5775 [Peer Reviewed Journal]

2020. This work is licensed under http://creativecommons.org/licenses/by/3.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;2020 by the authors. 2020 ;ISSN: 1660-4601 ;ISSN: 1661-7827 ;EISSN: 1660-4601 ;DOI: 10.3390/ijerph17165775 ;PMID: 32785155

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  • Title:
    Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries
  • Author: Erokhin, Vasilii ; Gao, Tianming
  • Subjects: Availability ; Betacoronavirus ; Coronavirus Infections - epidemiology ; COVID-19 ; Depreciation ; Developed countries ; Developed Countries - statistics & numerical data ; Developing countries ; Developing Countries - statistics & numerical data ; Economic decline ; Economics ; Food ; Food - economics ; Food availability ; Food chains ; Food prices ; Food security ; Food supply ; Food Supply - economics ; Food Supply - statistics & numerical data ; Humans ; Hunger ; Income ; LDCs ; Malnutrition ; Pandemics ; Pneumonia, Viral - epidemiology ; Prevalence ; SARS-CoV-2 ; Stability ; Staples ; Supply chains ; Trade ; Variance analysis
  • Is Part Of: International journal of environmental research and public health, 2020-08, Vol.17 (16), p.5775
  • Description: The stability of food supply chains is crucial to the food security of people around the world. Since the beginning of 2020, this stability has been undergoing one of the most vigorous pressure tests ever due to the COVID-19 outbreak. From a mere health issue, the pandemic has turned into an economic threat to food security globally in the forms of lockdowns, economic decline, food trade restrictions, and rising food inflation. It is safe to assume that the novel health crisis has badly struck the least developed and developing economies, where people are particularly vulnerable to hunger and malnutrition. However, due to the recency of the COVID-19 problem, the impacts of macroeconomic fluctuations on food insecurity have remained scantily explored. In this study, the authors attempted to bridge this gap by revealing interactions between the food security status of people and the dynamics of COVID-19 cases, food trade, food inflation, and currency volatilities. The study was performed in the cases of 45 developing economies distributed to three groups by the level of income. The consecutive application of the autoregressive distributed lag method, Yamamoto's causality test, and variance decomposition analysis allowed the authors to find the food insecurity effects of COVID-19 to be more perceptible in upper-middle-income economies than in the least developed countries. In the latter, food security risks attributed to the emergence of the health crisis were mainly related to economic access to adequate food supply (food inflation), whereas in higher-income developing economies, availability-sided food security risks (food trade restrictions and currency depreciation) were more prevalent. The approach presented in this paper contributes to the establishment of a methodology framework that may equip decision-makers with up-to-date estimations of health crisis effects on economic parameters of food availability and access to staples in food-insecure communities.
  • Publisher: Switzerland: MDPI AG
  • Language: English
  • Identifier: ISSN: 1660-4601
    ISSN: 1661-7827
    EISSN: 1660-4601
    DOI: 10.3390/ijerph17165775
    PMID: 32785155
  • Source: Geneva Foundation Free Medical Journals at publisher websites
    AUTh Library subscriptions: ProQuest Central
    MEDLINE
    PubMed Central
    Coronavirus Research Database
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