Anatomy of a crisis: The causes and consequences of surging food prices

By Derek Headey, Shanhui Fan. 2008

810 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b9772260535ec7a1a1a0037c7af7e2e1ef02a6d6

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In Economics and Econometrics

Citations in the corpus

Speculative bubbles in agricultural commodity markets (2013, background): “These programmes provide subsidies for biofuels leading to a greater use of corn and vegetable oil and resulting in price increases for these commodities (see Headey and Fan, 2008; Mitchell, 2008).”
Teleconnected food supply shocks (2016, background): “…since trade flows have become less reliable in past years and exporting countries often applied restricting trade policies to stabilize their domestic supply at the expense of world market supply (Headey and Fan 2008, Martin and Anderson 2012, Fellmann et al 2014, Jensen andAnderson 2014).”
Global Oil Prices and Local Food Prices: Evidence from East Africa (2016, neutral): “In the ongoing debate over the causes of these price spikes, one prominent thread emphasizes the role of oil prices (Abbott et al. 2008, Headey and Fan 2008, Krugman 2008, Mitchell 2008, Rosegrant et al. 2008, Baffes and Dennis 2013, Wright 2014).”
The international political economy of the global land rush: A critical appraisal of trends, scale, geography and drivers (2012, background): “…suggest that the biofuel boom played an important role in food price hikes, mainly via the diversion of the US corn crop, and that export restrictions on crops like rice once prices started to rise exacerbated price increases by affecting global supplies (evidence reviewed by Headey and Fan 2008).”
The Impact of Index and Swap Funds on Commodity Futures Markets: Preliminary Results (2010, background): “Index investors are purely involved in a financial transaction using futures markets; they do not engage in the purchase or hoarding of the cash commodity and any causal linkages between their futures market activity and cash prices is unclear at best (Headey and Fan, 2008).”
Hegemonic transitions and global shifts in social metabolism: Implications for resource-rich countries. Introduction to the special section (2012, background): “The last equivalent price surge in the food sector occurred almost 40 years ago, in 1973–1974 (Headey and Fan, 2008), which coincided with an oil crisis.”
Agriculture and Development: A Brief Review of the Literature (2011, neutral): “In addition to the price level, price volatility also increased (Headey and Fan, 2008).”
A speculative bubble in commodity futures prices? Cross-sectional evidence (2009, background): “ Headey and Fan (2008) warn against directly comparing”
Household food security status in South Africa (2009, positive): “Recent information from the Food and Agricultural Organisation (FAO, 2009) supported by independent sources (Heady & Fan, 2008) suggest that food prices will increase steadily over the next decade even if there are some fluctuations and the occasional drop in prices (Evans, 2009).”
Global land acquisition: neo-colonialism or development opportunity? (2010, neutral): “Increased use of food crops for biofuel production and high oil prices are blamed for the rise in food prices the world experienced during 2006–2009 (Heady and Fan 2008).”
Are Healthy Foods Really More Expensive? It Depends on How You Measure the Price (2012, background): “Indeed, when discussing food choices or the impact of rising world food prices, development economists rely on metrics such as commodity prices (Headey and Fan, 2008).”