Abstract/Description

This study aims to test the existence of convergence in global food security from 2012 to 2022. It contributes to the existing literature by connecting two empirical findings: first, income per capita is a significant determinant of countries’ state of food security, and second, the neoclassical growth model predicts income per capita to converge over time. These findings suggest the possibility of convergence in global food security. This study employs Phillips and Sul’s (2007) club convergence methodology on the Global Food Security Index (GFSI) 2022 model, developed by Economist Impact for 113 countries. Results indicate an absence of global convergence in overall food security and its four dimensions (affordability, availability, quality and safety, sustainability, and adaptation). Instead, countries are converging in clubs, suggesting local basins of attraction. For overall food security and the affordability dimension, countries are forming clubs based on income levels, with high-income countries of Europe and North America converging in separate clubs, and low-income countries of South Asia, Africa, and Latin America forming other clubs. This finding highlights the need for differentiated policies for different clubs and dimensions and encourages enhanced cooperation among countries within the same club to ensure global food security. Additionally, it underscores the importance of innovative policies and green technologies to harmonize economic development and environmental sustainability in addressing global food security challenges.

Keywords

Climate Change, Convergence, Food Security, Sustainable Development Goals (SDGs)

Location

S1 room, Adamjee building

Session Theme

Environment, Energy, and Growth Nexus

Session Type

Parallel Technical Session

Session Chair

Heman Das Lohano, Institute of Business Administration

Session Discussant

Sahar Mahmood, Institute of Business Administration ; Junaid Memon, Institute of Business Administration

Start Date

9-12-2024 2:30 PM

End Date

9-12-2024 4:30 PM

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Dec 9th, 2:30 PM Dec 9th, 4:30 PM

Analyzing Food Security Trends Amidst Environmental Challenges: A Convergence Perspective

S1 room, Adamjee building

This study aims to test the existence of convergence in global food security from 2012 to 2022. It contributes to the existing literature by connecting two empirical findings: first, income per capita is a significant determinant of countries’ state of food security, and second, the neoclassical growth model predicts income per capita to converge over time. These findings suggest the possibility of convergence in global food security. This study employs Phillips and Sul’s (2007) club convergence methodology on the Global Food Security Index (GFSI) 2022 model, developed by Economist Impact for 113 countries. Results indicate an absence of global convergence in overall food security and its four dimensions (affordability, availability, quality and safety, sustainability, and adaptation). Instead, countries are converging in clubs, suggesting local basins of attraction. For overall food security and the affordability dimension, countries are forming clubs based on income levels, with high-income countries of Europe and North America converging in separate clubs, and low-income countries of South Asia, Africa, and Latin America forming other clubs. This finding highlights the need for differentiated policies for different clubs and dimensions and encourages enhanced cooperation among countries within the same club to ensure global food security. Additionally, it underscores the importance of innovative policies and green technologies to harmonize economic development and environmental sustainability in addressing global food security challenges.