Publication:
Long-term Impacts of Global Food Crisis on Production Decisions : Evidence from Farm Investments in Indonesia

dc.contributor.author Nose, Manabu
dc.contributor.author Yamauchi, Futoshi
dc.date.accessioned 2012-06-29T22:11:50Z
dc.date.available 2012-06-29T22:11:50Z
dc.date.issued 2012-05
dc.description.abstract Did the rise in food prices have a long-term impact on agricultural production? Using household-level panel data from seven provinces of Indonesia, this paper finds that the price shock created a forward-looking incentive to invest, which can dynamically enhance productivity in agriculture. It also finds that the impact of the price shock on investment behavior differs by initial wealth. In response to price increases, wealthy farmers invested more in productive assets, while poor farmers increased their financial savings as well as consumption. Price spikes relax liquidity constraints, which increases investments among the richer while do so savings and consumptions among the poor, possibly leading to diverging income inequality in the long run. en
dc.identifier http://documents.worldbank.org/curated/en/2012/05/16259979/long-term-impacts-global-food-crisis-production-decisions-evidence-farm-investments-indonesia
dc.identifier.uri http://hdl.handle.net/10986/9356
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 6065
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AGENCY COSTS
dc.subject AGRICULTURAL ACTIVITY
dc.subject AGRICULTURAL DEVELOPMENT
dc.subject AGRICULTURAL ECONOMICS
dc.subject AGRICULTURAL INPUTS
dc.subject AGRICULTURAL LAND
dc.subject AGRICULTURAL PRODUCTION
dc.subject AGRICULTURAL PRODUCTIVITY
dc.subject AGRICULTURAL PRODUCTS
dc.subject AGRICULTURAL SECTOR
dc.subject AGRICULTURAL TECHNOLOGIES
dc.subject AGRICULTURE
dc.subject ASSET HOLDINGS
dc.subject BEVERAGES
dc.subject BINDING CONSTRAINT
dc.subject CACAO
dc.subject CAPITAL INTENSITY
dc.subject CAPITAL INVESTMENT
dc.subject CAPITAL STOCK
dc.subject CASH FLOW
dc.subject CASSAVA
dc.subject CHANGES IN POVERTY
dc.subject CIVIL WAR
dc.subject COCOA
dc.subject COLLATERAL
dc.subject COMMODITIES
dc.subject COMMODITY
dc.subject COMMODITY PRICE
dc.subject COMMODITY PRICES
dc.subject CONNECTIVITY
dc.subject CONSUMER PRICE
dc.subject CONSUMER PRICE INDEX
dc.subject CREDIT CONSTRAINTS
dc.subject CROP PRODUCTION
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPING COUNTRY
dc.subject DISPOSABLE INCOME
dc.subject DOMESTIC MARKET
dc.subject ECONOMIC SHOCKS
dc.subject EFFECT OF LIQUIDITY
dc.subject EGGS
dc.subject EXPENDITURE
dc.subject EXPENDITURES
dc.subject EXPOSURE
dc.subject EXPOSURES
dc.subject FACTORS OF PRODUCTION
dc.subject FARM EFFICIENCY
dc.subject FARM SIZE
dc.subject FARMER
dc.subject FARMERS
dc.subject FARMING ACTIVITIES
dc.subject FINANCIAL ASSETS
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL SUPPORT
dc.subject FLOUR
dc.subject FOOD COMMODITIES
dc.subject FOOD CONSUMPTION
dc.subject FOOD CROP
dc.subject FOOD EXPENDITURE
dc.subject FOOD EXPENDITURES
dc.subject FOOD POLICY
dc.subject FOOD POLICY RESEARCH
dc.subject FOOD PRICE
dc.subject FOOD PRICE INFLATION
dc.subject FOOD PRICES
dc.subject FRUITS
dc.subject FUTURE PRICE
dc.subject FUTURE PRICES
dc.subject GA
dc.subject HOUSEHOLD HEAD
dc.subject HOUSEHOLD SIZE
dc.subject HOUSEHOLD WELFARE
dc.subject HUMAN CAPITAL
dc.subject INCOME
dc.subject INCOME GAINS
dc.subject INCOME INEQUALITY
dc.subject INCOME SHOCK
dc.subject INCOME SHOCKS
dc.subject INFRASTRUCTURE PROJECTS
dc.subject INSURANCE
dc.subject INTEREST RATE
dc.subject INTERNATIONAL COOPERATION
dc.subject INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
dc.subject INVESTMENT DECISION
dc.subject INVESTMENT DECISIONS
dc.subject IRRIGATION
dc.subject LAND ASSET
dc.subject LAND PRODUCTIVITY
dc.subject LAND SIZE
dc.subject LANDHOLDING SIZE
dc.subject LIQUID ASSETS
dc.subject LIQUIDITY
dc.subject LONG-TERM INVESTMENT
dc.subject LOW-INCOME COUNTRIES
dc.subject MAIZE
dc.subject MARKET INTEGRATION
dc.subject MARKET STRUCTURES
dc.subject MARKETING
dc.subject MEAT
dc.subject MILK
dc.subject NATURAL DISASTERS
dc.subject NUTRITION
dc.subject OUTPUT
dc.subject OUTPUTS
dc.subject PADDY
dc.subject POLITICAL ECONOMY
dc.subject POOR FARMERS
dc.subject POOR HOUSEHOLDS
dc.subject PORTFOLIOS
dc.subject POTATO
dc.subject PRICE CHANGE
dc.subject PRICE CHANGES
dc.subject PRICE EFFECT
dc.subject PRICE INCREASE
dc.subject PRICE INCREASES
dc.subject PRICE INFLATION
dc.subject PRICE LEVEL
dc.subject PRICE LEVELS
dc.subject PRICE UNCERTAINTY
dc.subject PRODUCER PRICES
dc.subject PUBLIC POLICY
dc.subject PURCHASING
dc.subject REGIONAL DISPERSION
dc.subject REGIONAL DUMMIES
dc.subject REGIONAL VARIATION
dc.subject REMOTE AREAS
dc.subject RISK PREMIUM
dc.subject RUBBER
dc.subject RURAL AREAS
dc.subject SAVINGS
dc.subject SCHOOLING
dc.subject SMALL FARMERS
dc.subject SUBSTITUTION
dc.subject SUBSTITUTION EFFECT
dc.subject TRANSACTION COSTS
dc.subject VEGETABLE CROPS
dc.subject VEGETABLES
dc.subject VILLAGE LEVEL
dc.subject VOLATILITIES
dc.subject VOLATILITY
dc.subject WHOLESALE PRICE
dc.title Long-term Impacts of Global Food Crisis on Production Decisions : Evidence from Farm Investments in Indonesia en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.date.disclosure 2012-05-01
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2012/05/16259979/long-term-impacts-global-food-crisis-production-decisions-evidence-farm-investments-indonesia
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Poverty
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-6065
okr.identifier.externaldocumentum 000158349_20120508095223
okr.identifier.internaldocumentum 16259979
okr.identifier.report WPS6065
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/08/000158349_20120508095223/Rendered/PDF/WPS6065.pdf en
okr.region.administrative East Asia and Pacific
okr.region.country Indonesia
okr.topic Food and Beverage Industry
okr.topic Private Sector Development :: Emerging Markets
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Poverty Reduction :: Rural Poverty Reduction
okr.topic Macroeconomics and Economic Growth :: Regional Economic Development
okr.topic Industry
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isAuthorOfPublication e1d34098-3f52-5eab-aca8-012182ce818e
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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