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The Impact of Accession on Food Prices, Inflation and Food Consumption in Greece

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  • Georgakopoulos, Theodore A

Abstract

This paper deals with the impact of Greece's accession to the EC on food prices, inflation, and food consumption. The changes in food prices are estimated by the residuals method and the impact on consumption by the analytical method. It is found that accession has increased the price of food by about 8.5 percent, causing a first round impact on inflation of 3.5 percent. Livestock product prices went up substantially, while most crop prices fell compared to the no-CAP situation. The structure of food consumption also changed. Meat, milk, and sugar consumption fell, whereas the consumption of vegetables, citrus fruits, and beverages increased. Total food consumption decreased by about 1 percent. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Georgakopoulos, Theodore A, 1990. "The Impact of Accession on Food Prices, Inflation and Food Consumption in Greece," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 17(4), pages 485-493.
    • Handle: RePEc:oup:erevae:v:17:y:1990:i:4:p:485-93
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    Cited by:

    1. Giannis Karagiannis & Kostas Velentzas, 1997. "Explaining Food Consumption Patterns In Greece," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 83-92, January.
    2. Firici, M. Carmen & Thomson, Kenneth J., 2002. "Distributional Impacts of CAP Adoption on Romanian Households," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24818, European Association of Agricultural Economists.
    3. Hubbard, Carmen, 2013. "Distributional Impacts of Food Price Changes on Romanian Households following EU Accession," 87th Annual Conference, April 8-10, 2013, Warwick University, Coventry, UK 158691, Agricultural Economics Society.
    4. Vangelis Tzouvelekas & Peter Midmore & Konstantinos Giannakas & Konstantinos Mattas, 1999. "Decomposition of Olive Oil Production Growth into Productivity and Size Effects : A Frontier Production Function Approach," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 51, pages 5-21.
    5. Ovidiu Stoica & Monica Damian, 2013. "Evaluation of the Common Agricultural Policy's Impact upon Inflation Rate in Central, Eastern and Southern Europe Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 229-236.
    6. Hubbard, Carmen & Thomson, Kenneth J., 2007. "Romania's accession to the EU: Short-term welfare effects on food consumers," Food Policy, Elsevier, vol. 32(1), pages 128-140, February.

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