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PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?

Author

Listed:
  • Alessandro Podkaminer

    (Wiener Institut fŸr Internationale Wirtschaftsvergleiche (WIIW), Vienna (Austria))

Abstract

Relative to non-food items, food tends to be cheaper in rich, as compared with poor European countries. This tendency cannot be explained in terms of cost developments or foreign-trade considerations. A positive explanation proposed focuses on demand-income-supply interaction. An analysis of a cross-country price-augmented modification of Engel's Law, econometrically specified, indicates that the relative price of food is related positively to the supply of food items and negatively to that of non-food items. This finding is consistent with "agricultural price scissors", and also casts a different light on the nature of economic development and structural change.

Suggested Citation

  • Alessandro Podkaminer, 2004. "PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?," Moneta e Credito, Economia civile, vol. 57(227), pages 311-345.
    • Handle: RePEc:psl:moneta:2004:33
    as

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9768/9651
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Food; Prices;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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