The work investigates empirically the degree of integration and the hierarchical structure of the EU pork meat markets using tools and concepts from Graph Theory. The empirical results suggest: First, the strength of price co-movement has been closely related to the physical distance between...

This paper investigates the law of motion for the cross-section distribution of dietary energy supply (DES) in the world. This has been pursued using the distribution approach and a panel of 152 countries for the period 1961-2001. According to the empirical results, persistence in caloric...

The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results...

Nonparametric (Kernel) regression analysis and micro-data from the Family Budget Survey (FBS) are used in this paper to estimate and to compare the Engel curves for food demand of the urban and the rural households. The empirical results suggest that the Characteristic Substitution Effects...

The observed “soft†coordination at European and national level has hindered progress in terms of raising social welfare and reducing the risk of poverty in EU. This is a source of concern given that the fruits of economic efficiency should be shared by the individuals and Member...

ABSTRACT The objective of this article is to assess the validity of the Law of One Price (LOP) in five major EU broiler markets. This has been pursued using weekly price data from 1991 to 2012 and recent developments in econometric methodology that account simultaneously for nonstationarity,...

The present study investigates the price dynamics of two agricultural commodities, pork and poultry, in order to determine whether there is a single or multiple markets within the EU. The investigation relies on the notion of a price club (meaning a group of countries in which prices obey the...