EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES
The goal of this paper is to estimate the inflationary effect of adoption of the Common Agricultural Policy in countries which joined the European Union in 2004, using two approaches. The first one supposes the comparison of consumer food prices before (May-December 2001-2003 and January – April 200...
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| Format: | Article |
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EconJournals
2013-01-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/363/pdf |
| _version_ | 1797907663901687808 |
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| author | Ovidiu Stoica Monica Damian |
| author_facet | Ovidiu Stoica Monica Damian |
| author_sort | Ovidiu Stoica |
| collection | DOAJ |
| description | The goal of this paper is to estimate the inflationary effect of adoption of the Common Agricultural Policy in countries which joined the European Union in 2004, using two approaches. The first one supposes the comparison of consumer food prices before (May-December 2001-2003 and January – April 2002-2004) and after joining the European Union (May – December 2004 and January – April 2005), in all ten states. The second approach consist in the application of a multifactorial regression model for the period 2003-2010 in six countries: the Czech Republic, Hungary, Latvia, Lithuania, Slovakia and Slovenia. The results of the study shows that, contrary to the usual perception, the influence of the agricultural products prices on the food price and, implicitly, on the consumer prices have been relatively low in all the analysed countries, in some countries being counterbalanced by the appreciation of the national currency and the elimination of import custom duties. |
| first_indexed | 2024-04-10T10:40:23Z |
| format | Article |
| id | doaj.art-bbc7c6ad76ce4bb185b2e2b40062bde0 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:40:23Z |
| publishDate | 2013-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-bbc7c6ad76ce4bb185b2e2b40062bde02023-02-15T16:20:36ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382013-01-0131229236EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIESOvidiu StoicaMonica DamianThe goal of this paper is to estimate the inflationary effect of adoption of the Common Agricultural Policy in countries which joined the European Union in 2004, using two approaches. The first one supposes the comparison of consumer food prices before (May-December 2001-2003 and January – April 2002-2004) and after joining the European Union (May – December 2004 and January – April 2005), in all ten states. The second approach consist in the application of a multifactorial regression model for the period 2003-2010 in six countries: the Czech Republic, Hungary, Latvia, Lithuania, Slovakia and Slovenia. The results of the study shows that, contrary to the usual perception, the influence of the agricultural products prices on the food price and, implicitly, on the consumer prices have been relatively low in all the analysed countries, in some countries being counterbalanced by the appreciation of the national currency and the elimination of import custom duties.http://www.econjournals.com/index.php/ijefi/article/view/363/pdfEU AccessionInflation RateCommon Agricultural PolicyFood Prices |
| spellingShingle | Ovidiu Stoica Monica Damian 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 EU Accession Inflation Rate Common Agricultural Policy Food Prices |
| title | EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES |
| title_full | EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES |
| title_fullStr | EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES |
| title_full_unstemmed | EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES |
| title_short | EVALUATION OF THE COMMON AGRICULTURAL POLICY’S IMPACT UPON INFLATION RATE IN CENTRAL, EASTERN AND SOUTHERN EUROPE COUNTRIES |
| title_sort | evaluation of the common agricultural policy s impact upon inflation rate in central eastern and southern europe countries |
| topic | EU Accession Inflation Rate Common Agricultural Policy Food Prices |
| url | http://www.econjournals.com/index.php/ijefi/article/view/363/pdf |
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