Does Globalization Enhance Food Security: Empirical Evidence for Latin America and the Caribbean
World Journal of Applied Economics, cilt.10, sa.2, ss.73-86, 2024 (TRDizin)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 10 Sayı: 2
- Basım Tarihi: 2024
- Doi Numarası: 10.22440/wjae.10.2.3
- Dergi Adı: World Journal of Applied Economics
- Derginin Tarandığı İndeksler: TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.73-86
- Çukurova Üniversitesi Adresli: Evet
Özet
Despite significant progress in reducing poverty since the 1990s, many countries still face a significant problem in achieving food security. Nearly 10% of the world’s population faced hunger in 2022, and this figure has unfortunately been accelerated because of global developments, such as the COVID-19 pandemic and the Russia-Ukraine war. This study attempts to investigate the impact of globalization on food security in 27 Latin America and the Caribbean (LAC) countries by using annual data covering the 2001-2021 period. The Driscoll & Kraay standard error and panel corrected standard error (PCSE) estimators show that globalization, arable land, population, economic growth, and institutional quality enhance food security, but inflation worsens it.