GTAP Resources: Resource Display
| GTAP Resource #5368 |
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"Economy-wide Assessment of Reducing Food Loss and Waste on Food Security in the APEC Region" by Hsu, Shih-Hsun, Ching-Cheng Chang, Sheng-Ming Hsu and Hsing-Chun Lin Abstract The study employs a GTAP model, which is a multi-regional Computable General Equilibrium (CGE) model, to conduct its analysis. The GTAP framework allows investigating the interconnectedness of agents within an economy, such as consumers, the government, and firms. It is used in conjunction with the Mass Flow Model as proposed in the 2011 “Global Food Losses and Food Waste” report by the FAO, which provides the food loss and waste estimates used for each industry and region. The results of this study indicate that food loss and waste reduction carries the potential to severely increase human welfare in a nutritional and economic aspect. In particular, the second and third scenario display the highest efficacy in improving welfare in the APEC region, as low-income economies benefit significantly from higher food security, higher food consumption, lower food prices, and overall higher levels of production. Therefore, focusing on the supply chain characteristics of each economy and tailoring an approach towards food loss and waste reduction appears most effective. However, it is important to keep in mind that the results presented in this paper are what-if scenarios that do not consider the costs of food loss and waste reduction. Thus, they do not serve as an economic forecast, but as a maximum boundary for possible investments into food loss and waste. Ultimately, the 10% food loss and waste reduction set in the APEC Action Plan for Reducing Food Loss and Waste (2014) is less ambitious when compared on a global scale. As economic benefits are tied into food loss and waste reduction, a more ambitious target such as a 50% waste and loss reduction of the Sustainable Development Goals (SDG) of the United Nations should be considered. |
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- Food prices and food security - Asia (East) - Asia (Southeast) |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
