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Are Food Prices in the EU Converging? Empirical Evidence from the Log t Test

Author

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  • Fousekis, Panos

    (Department of International European Economic and Political Studies, University of Macedonia)

Abstract

This paper investigates convergence of prices for nine broadly defined food commodities in the EU. The empirical analysis has been carried out using monthly price indexes over the period 1996 to 2007 and a recently proposed test of convergence which allows for the important case in practice where the price series are characterized by transition dynamics. According to the empirical results, the price dynamics for food are predominately diverging something which is consistent with relevant survey evidence from supermarkets across the EU countries.

Suggested Citation

  • Fousekis, Panos, 2009. "Are Food Prices in the EU Converging? Empirical Evidence from the Log t Test," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 62(4), pages 407-423.
    • Handle: RePEc:ris:ecoint:0366
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    References listed on IDEAS

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    More about this item

    Keywords

    Convergence; EU; Food Prices;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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