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Using Comparative Price Level data for food and food products, we analysed a process of convergence inprices of these products among EU countries over the period 1999-2014. The analysis confirms the existence ofbeta and sigma convergence processes for overall food prices. The rate of beta convergence for overall food was3.5%, and the half-life coefficient was 20.1 years. Beta convergence has been demonstrated for all food groups(breads and cereal products, meat, fish, milk, cheese and eggs, oils and fats, fruits, vegetables and potatoes),but rate of catch-up effect was differentiated. The severity of the convergence process sigma varied in differentperiods. The decrease of price differentiation occurred in 1999-2008, but formal accession in 2004 did not affectedit’s pace. The sigma convergence process for food prices has not occurred after 2008, since the financial crisis.

Keywords: convergence sigma beta ; food ; European Union ; comparative price level

Variant title: FOOD PRICE CONVERGENCE IN EUROPEAN UNION

Subject(s): Demand and Price Analysis

Political Economy

Issue Date: 2015-08

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/233318 Published in: Roczniki (Annals), 2015

Number 4

Roczniki (Annals)

2015 Page range: 356-361

Record appears in: Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistów Rolnictwa i Agrobiznesu (SERiA) > Roczniki (Annals)





Autor: Wyrzykowski, Paweł

Fuente: http://ageconsearch.umn.edu/record/233318?ln=en







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