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GTAP Resource #5125

"Impact of Food and Fuel Prices on Poverty in Food Import Dependent and Oil Exporting Economies: The Case of Sultanate of Oman"
by Kotagama, Hemesiri and Houcine Boughanmi

The surge and volatility of food and fuel prices since year 2008 to 2014 has changed its trend to decreasing food and fuel prices since 2015. However the rate of decrease in food prices has been less than the drastic rate of decrease in fuel prices. Predictions are that fuel prices may not revert back to high prices that prevailed in 2014 (see figure 1). This scenario of relatively high food prices to low fuel prices, would adversely impact poverty and food security in countries that are highly food import dependent and oil export dependent, such as the Sultanate of Oman.

Resource Details (Export Citation) GTAP Keywords
Category: 2016 Conference Paper
Status: Published
By/In: Presented at the 19th Annual Conference on Global Economic Analysis, Washington DC, USA
Date: 2016
Created: Boughanmi, H. (5/9/2016)
Updated: Boughanmi, H. (8/22/2016)
Visits: 938
- Bioenergy
- Food prices and food security
- Middle East

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