A vast proportion of households in developing countries like Paraguay are both consumers and producers of food, and thus the effects of food price fluctuations on welfare are not obvious. Historically, the agricultural sector in Paraguay has played a key role in economic development and has...

High food prices can be an immediate threat to household food security, undermining population health, retarding human development, and lowering labor productivity for the economy in the long term. We employ a panel dataset covering 63 developing countries from 2001 to 2010 to make a...