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Marże w przemyśle spożywczym krajów Unii Europejskiej a wahania koniunktury gospodarczej

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  • Kufel, Justyna

Abstract

Mark-up plays nowadays the major role in plenty of DSGE models, and defining its cyclicality is one of the most demanding challenges in macroeconomics. The aim of the article was to measure price-cost margins (PCM) used as a proxy for mark-ups and their variation in the EU countries food sectors, as well as to find out the character of the relationship between the business cycle, measured at the national and sectorial levels, and PCM in the period 1995-2010 using panel regression. It was found, that in the analyzed period the market power in the food sector wasn’t so big (0,12) and that the variation of PCM between countries (0,31) was higher than between years (0,05). PCM proved to be procyclical regarding sectorial business cycle and antycyclical regarding macroeconomic business cycle. / Synopsis. Marża gra obecnie kluczową rolę w wielu modelach makroekonomicznych, a określenie jej cykliczności jest jedynym z bardziej wymagających wyzwań stojących przed makroekonomią. Celem artykułu było oszacowanie wysokości i zmienności marż (przybliżonych zmienną PCM) w przemyśle spożywczym krajów Unii Europejskiej w latach 1995-2010, jak również poszukiwanie zależności między poziomem marż w przemyśle spożywczym państw Unii Europejskiej a koniunkturą makroekonomiczną i sektorową w tym okresie z zastosowaniem regresji panelowej. Okazało się, że w analizowanym okresie przemysł spożywczy nie dysponował znaczną siłą rynkową (0,12), natomiast zmienność między krajami (0,31) była wyższa niż w czasie (0,05). Wyniki wskazują na procykliczność marż w stosunku do cyklu sektorowego i ich antycykliczność w stosunku do cyklu makroekonomicznego.

Suggested Citation

  • Kufel, Justyna, 2014. "Marże w przemyśle spożywczym krajów Unii Europejskiej a wahania koniunktury gospodarczej," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 14(29), pages 1-10, September.
    • Handle: RePEc:ags:polpwa:198852
    DOI: 10.22004/ag.econ.198852
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    Cited by:

    1. Kufel-Gajda, Justyna, 2017. "Markups In The Branches Of The Polish Food Sector As Business Cycle Predictors," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2016(4), May.

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