Observatorio de I+D+i UPM

Memorias de investigación
Research Publications in journals:
Evaluating price transmission between global agricultural markets and consumer food price indices in the European Union
Year:2015
Research Areas
  • Agriculture,
  • Agricultural economics
Information
Abstract
This paper uses error correction models to evaluate the extent to and speed at which world agricultural commodity price movements affect consumer food prices in the European Union member states. We consider three types of world commodity price indices, each containing different commodities and weighting criteria. Results reveal a long-run relationship between world agricultural commodity and consumer food prices in over half of the member states. Consumer prices in different member states and categories of member states respond differently to specific world price indices, suggesting that there are disparities in the structure and the efficiency of their food markets. The eurozone founders generally have lower transmission elasticities. This should be taken into account when predicting the impacts of extreme world price volatility and consumer food price rises, prompting governments to pay attention to the most vulnerable households.
International
Si
JCR
Si
Title
Agricultural Economics
ISBN
0169-5150
Impact factor JCR
1,085
Impact info
Volume
47(1)
10.1111/agec.12209
Journal number
From page
59
To page
70
Month
SIN MES
Ranking
Participants
  • Autor: Sol Garcia-German Trujeda (UPM)
  • Autor: Isabel Bardaji De Azcarate (UPM)
  • Autor: Alberto Garrido Colmenero (UPM)
Research Group, Departaments and Institutes related
  • Creador: Centro o Instituto I+D+i: Centro de Estudios e Investigación para la Gestión de Riesgos Agrarios Medioambientales (CEIGRAM). Centro Mixto UPM-AGROMUTUA-ENESA
  • Departamento: Economía Agraria, Estadística y Gestión de Empresas
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