Start Submission Become a Reviewer

Reading: An Investigation into the Dynamic Nature of Food Security Using Markov Switching Models

Download

A- A+
Alt. Display

Original Articles

An Investigation into the Dynamic Nature of Food Security Using Markov Switching Models

Authors:

A. N. Kodithuwakku ,

Wayamba University of Sri Lanka, Makandura, Gonawila (NWP), 60170, LK
About A. N.
Department of Agribusiness Management, Faculty of Agriculture and Plantation Management
X close

J. C. Edirisinghe

Wayamba University of Sri Lanka, Makandura, Gonawila (NWP), 60170, LK
About J. C.
Department of Agribusiness Management, Faculty of Agriculture and Plantation Management
X close

Abstract

People are considered to be food secured when they have adequate access to food which helps to maintain their health lives. Food availability, access, utilization and stability are the four main facets of food security. Rather than dropping over time, food insecurity has become a repetitive problem. This research was led to study the state transition behaviors in the four dimensions of global food security (Availability, Access, Utilization and Stability) by creating a two state (Crisis and Success) Markov-switching model. Markov Switching Model is a method applied to explore structural changes of nonlinear time series. In this study Markov Switching Auto Regressive Model was used because the data used were lower frequency data. Secondary data were obtained for five main regions in the world (Africa, America, Asia, Europe, and Oceania) and one sub region (South Asia). Results highlighted that growth rate of food availability was high in developing regions than developed. America, Asia, and South Asian regions showed longest time period in crisis state in accessibility to food. Utilization of food in South Asian region was in the crisis state and in European region it was in the success state. Asian region showed the highest stability in other three dimensions of food security. African region has to face a long-lasting food insecurity in all four dimensions. American, Asian, European and South Asian regions have to face food insecurity not critically in terms of food availability, but in the case of access, utilization and stability. Therefore, this study emphasizes that to eradicate food insecurity all four dimensions should be considered and appropriate policies and investments should be made.
How to Cite: Kodithuwakku, A. N., & Edirisinghe, J. C. (2017). An Investigation into the Dynamic Nature of Food Security Using Markov Switching Models. Applied Economics & Business, 1(1), 23–30. DOI: http://doi.org/10.4038/aeb.v1i1.70
2
Views
Published on 30 Dec 2017.
Peer Reviewed

Downloads

  • PDF (EN)

    comments powered by Disqus