Consumption enhancing roads
This paper quantifies the increase in household welfare that results from reducing food prices through improvements in the road network. First, I estimate the effect of improving the road network on the price of a subset of agricultural products. Second, I estimate demand for these products using th...
- Autores:
-
Cantillo Cleves, Santiago
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/48474
- Acceso en línea:
- http://hdl.handle.net/1992/48474
- Palabra clave:
- Infraestructura vial
Productos agrícolas
Economía del bienestar
Economía
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
| Summary: | This paper quantifies the increase in household welfare that results from reducing food prices through improvements in the road network. First, I estimate the effect of improving the road network on the price of a subset of agricultural products. Second, I estimate demand for these products using the road networkpredicted prices in an Almost Ideal Demand System. Results suggest that if the road improvements between 2014-2017 had never occurred, the price of fruits and vegetables in 2017 would have been 8% higher and households would have had to spend an additional 0.8% of their total food budget |
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