Panel data from 14 EU member states and non parametric techniques are used in this paper to investigate the relationship between food prices and real per capita incomes. The empirical results suggest that the Penn Effect largely holds for Total Food prices but not for the prices of certain among...

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...