IGNOU BECE 214 2017 2018 - Bring out the impact of agricultural price rise on the economy in gene

Question

Bring out the impact of agricultural price rise on the economy in general.

06 Mar 2018

Answer :

Word Count : 479

We evaluate the impact of the recent increases in major food prices on the intake of essential nutrients in Lebanon. a small heavily import-dependent economy. Using nationally representative households’ expenditure micro data, we derive food demand elasticities by estimating an Almost Ideal Demand System (AIDS) model, and then use these elasticities to evaluate the impact of rising prices on the intake of major macro/micronutrients among Lebanese households, Our results show that the intake of nutrients such as calcium, zinc, iron, and folate decreased significantly following the recent food price shocks, especially in central urban areas. Our

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