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Are Food Price Differences in EU Member States a Result of the Penn Effect?

April 26, 2017differences EU food Penn price

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Are Food Price Differences in EU Member States a Result of the Penn Effect?

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Panos Fousekis Agricultural Economics Review, 2009, vol. 10, issue 2 Abstract: 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 the seven disaggregate food commodities considered. In particular, for Cereals, for Fats and Oils, and for Other food products poorer countries are likely to face prices no lower than those prevailing in richer ones Keywords: Food Prices; Living Standards; EU; Agricultural and Food Policy; Q11; C14 (search for similar items in EconPapers) Date: 2009 View list of references Downloads: (external link) http://purl.umn.edu/58057 (application/pdf) Related works: This item may be available elsewhere in EconPapers: Search for items with the same title.