Rodriguez, Francisco (2022): The economic determinants of Venezuela’s hunger crisis.
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Abstract
This paper argues that Venezuela’s hunger crisis was caused by the collapse of the country’s import capacity. I show evidence supporting the hypothesis that the key driver of the decrease in caloric intake was the decline of more than nine-tenths in oil revenues, which sparked an economic contraction and forced the economy to undertake massive cuts in imports of food and agricultural inputs. Econometric estimates using cross-national panel data show that Venezuela’s performance in health and nutrition indicators is in line with, and in many cases significantly better, than what we should expect given the magnitude of its contraction in per capita incomes over the past two decades.
Item Type: | MPRA Paper |
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Original Title: | The economic determinants of Venezuela’s hunger crisis |
Language: | English |
Keywords: | Venezuela; Food policies; Economic crises |
Subjects: | I - Health, Education, and Welfare > I1 - Health > I15 - Health and Economic Development I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I38 - Government Policy ; Provision and Effects of Welfare Programs |
Item ID: | 113669 |
Depositing User: | Francisco Rodriguez |
Date Deposited: | 05 Jul 2022 00:50 |
Last Modified: | 19 Nov 2024 04:41 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/113669 |