Department of Agricultural and Resource Economics
Food Security Policy in a Stochastic World
- Author(s): Adelman, Irma
- Berck, Peter
- et al.
Food security may be increased by variance-reducing strategies, by food aid, or by development strategies. This paper uses a Korea CGE model, subjected to random fluctuation in world-prices and domestic food productivity, to evaluate these policies. We find that poverty-reducing development strategies are the most effective food-security strategies.