Food Retail Liberalization, Food Retail Structure and Food Prices: The Italian Case

2018 ◽  
Vol 17 (2) ◽  
Author(s):  
Elena Castellari ◽  
Alessandro Bonanno ◽  
Paolo Sckokai
Keyword(s):  
Consumer Price Index ◽  
Food Prices ◽  
Food Retail ◽  
Food Stores ◽  
Italian Case ◽  
Italian Market ◽  
Food And Beverage ◽  
Retail Structure ◽  
The Impact ◽  
Different Levels

Abstract In the last two decades the Italian food retail industry has changed considerably also thanks to the liberalization process started with the 1998 retail regulation reform. In this study, we investigate the impact of such reform on the food and beverage consumer price index, controlling for the endogenous nature of the policy adoption across regions, and addressing what changes in food retail structure may have driven those effects. We find that the policy had a mitigating effect on food prices, which can be explained by the change in the number and composition of food stores operating in the Italian market, rather than by the changes in store size and in-store services. We find the policy effects not to be statistically different across regions characterized by different levels of liberalization.

scholarly journals Reducing Inequalities in Health and Diet: Findings from a Study on the Impact of a Food Retail Development

2008 ◽  
Vol 40 (2) ◽  
pp. 402-422 ◽  
Author(s):  
Steven Cummins ◽  
Anne Findlay ◽  
Cassie Higgins ◽  
Mark Petticrew ◽  
Leigh Sparks ◽  
...  
Keyword(s):  
Psychological Health ◽  
Vegetable Consumption ◽  
Positive Impact ◽  
Health Improvement ◽  
Food Retail ◽  
Retail Development ◽  
Weak Evidence ◽  
Intervention Area ◽  
Retail Structure ◽  
The Impact

The health and diet impacts of a large-scale food retail development within a deprived area of Glasgow (Springburn) are reported. The study used a prospective quasi-experimental design which compared changes in diet and psychological health in an area where a new hypermarket was built (the intervention area) with a similarly deprived comparison area in Glasgow (Shettleston). A postal survey was undertaken both before and one year after the hypermarket was built, to assess changes in diet, self-reported health, and perceptions of neighbourhood. Changes in the retail structure of both areas were assessed through a ‘before-and-(repeated)-after’ intervention shop count survey. Qualitative data on diet, the neighbourhood, and the impact of the store were collected through focus groups. The quantitative study found limited improvements in diet and health. There was weak evidence for the impact of the hypermarket on population diet. There was weak evidence that poor psychological health in the intervention area reduced. Amongst those who ‘switched’ to the new hypermarket there was weak evidence of a small improvement in mean fruit and vegetable consumption but good evidence of psychological health improvement. Qualitative and retail survey results reinforce this, identifying perceptions of areal improvement through redevelopment and a small positive impact of the new store on the retail structure of the intervention area.

Rising food inflation and India's monetary policy

2011 ◽  
Vol 4 (1) ◽  
pp. 73-94 ◽  
Author(s):  
Vivek Moorthy ◽  
Shrikant Kolhar
Keyword(s):  
Monetary Policy ◽  
Emerging Economies ◽  
Consumer Price Index ◽  
Food Prices ◽  
Content Type ◽  
Welfare Impact ◽  
Technical Issues ◽  
Price Hike ◽  
The Impact ◽  
Food Inflation

PurposeThe purpose of this paper is to analyse the implications of sharply rising food prices for monetary policy in India and similar emerging economies at present.Design/methodology/approachThis paper uses analytical arguments from relevant macroeconomic literature and evidence from late 1960s US data to examine whether the 1970s stagflation was due to the OPEC price hike. It develops a two person (rich and poor), two commodity (food and non‐food) model to examine the impact of rising food prices on GDP, on measures of inflation, and on welfare, in the model.FindingsPreviously neglected evidence indicates that stagflation (simultaneously rising unemployment and inflation) preceded the OPEC price hike. The model results indicate that when food prices rise, the GDP deflator falls relative to the consumer price index (CPI).Research limitations/implicationsThe impact of supply shocks should be investigated by carefully examining links between abnormal rainfall and weather and output and prices on commodity by commodity basis. Further, technical issues pertaining to construction of a composite CPI representative of the population need to be explored.Practical implicationsMonetary policy in India (and similar emerging economies) should focus upon a population weighted CPI or some variant thereof.Social implicationsHigh GDP growth should not lead to complacency, since when food prices are rising, the overall welfare impact may be negative.Originality/valueThe model presented in this paper explains the sustained divergence in India, in recent years, between the CPI versus the GDP deflator measures of inflation. It also highlights a possible similar divergence between GDP and overall welfare.

scholarly journals AGROINFLATION AND CONSUMER PRICE INDEX FOR FOODSTUFFS: UKRAINE-EU COMPARATIVE ANALYSIS

2018 ◽  
Vol 2018 (1) ◽  
pp. 28-39
Author(s):  
Ruslan MUDRAK ◽  
◽  
Volodymyr LAGODIENKO ◽  
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Research Problem ◽  
Food Prices ◽  
Production Costs ◽  
Animal Origin ◽  
Food Of Animal Origin ◽  
Business Entities ◽  
The Impact ◽  
The Eu

One of the fundamental conditions for food security is a sufficient level of economic access to food; so, finding the reasons for rising consumer food prices is an urgent research problem. In view of this, the purpose of the article is to determine the extent and causes of the impact of agricultural price index on consumer price index for foodstuffs on the basis of comparison of the phenomena studied in Ukraine and the EU. The following conclusions are drawn: (i) some Ukrainian households are in a state of food hazards due to excessive expenses for buying food; one of the main reasons for this is the constant rise in food prices; (ii) over the past 20 years in Ukraine, prices for foodstuffs rose 11.8 times, agricultural products – 23.5 times; in the EU they increased by 45% and 32%, respectively; (iii) the main source of inflationary impulses in Ukraine’s food market is agroinflation in the livestock sector of agriculture; (iv) sectoral structure of agricultural production is noticeably distorted in Ukraine: the share of livestock industries accounts for only 31.5%, which is by 12.3 pp less than that in the EU. This is the main reason for the shortage of food products of livestock production; (v) per capita production of all types of meat is by 40% higher in the EU than in Ukraine; that of milk – by 21.5% higher; (vi) in the EU (unlike Ukraine), production and consumption of foodstuffs, in particular of animal origin, are of a relatively high level of stability; (vii) export-import operations in Ukraine with food of animal origin are aimed at providing the narrow corporate interests irrespective of national ones; (viii) in Ukraine, unlike the EU, more than 99% of livestock business entities are small organizational forms that hold less than 5 heads of livestock. Such farms have relatively higher production costs; (ix) the reason for agroinflation and growth of consumer price index for foodstuffs in Ukraine is the lack of compensators of production costs in the form of budget subsidies.

scholarly journals Healthy Cities: The Impact of Food Retail-led Regeneration on Food Access, Choice and Retail Structure

2005 ◽  
Vol 31 (4) ◽  
pp. 288-301 ◽  
Author(s):  
Steven Cummins ◽  
Anne Findlay ◽  
Mark Petticrew ◽  
Leigh Sparks
Keyword(s):  
Food Access ◽  
Healthy Cities ◽  
Food Retail ◽  
Retail Structure ◽  
The Impact

TEACH-POT: Provide Opportunities in Teaching

2020 ◽  
pp. 79-91 ◽  
Author(s):  
Maria Giulia Ballatore ◽  
Ettore Felisatti ◽  
Laura Montanaro ◽  
Anita Tabacco
Keyword(s):  
Academic Community ◽  
Real Effect ◽  
The Real ◽  
Main Components ◽  
The Impact ◽  
Training Opportunities ◽  
Different Levels

This paper is aimed to describe and critically analyze the so-called "TEACHPOT" experience (POT: Provide Opportunities in Teaching) performed during the last few years at Politecnico di Torino. Due to career criteria, the effort and the time lecturers spend in teaching have currently undergone a significant reduction in quantity. In order to support and meet each lecturers' expectations towards an improvement in their ability to teach, a mix of training opportunities has been provided. This consists of an extremely wide variety of experiences, tools, relationships, from which everyone can feel inspired to increase the effectiveness of their teaching and the participation of their students. The provided activities are designed around three main components: methodological training, teaching technologies, methodological experiences. A discussion on the findings is included and presented basing on the data collected through a survey. The impact of the overall experience can be evaluated on two different levels: the real effect on redesigning lessons, and the discussion on the matter within the entire academic community.

Using distributed lag models to predict regional budget revenues

2020 ◽  
Vol 19 (6) ◽  
pp. 1154-1172
Author(s):  
Yu.V. Granitsa
Keyword(s):  
Unemployment Rate ◽  
Consumer Price Index ◽  
Mathematical Methods ◽  
Distributed Lag ◽  
Key Indicator ◽  
Distributed Lag Models ◽  
Regional Budget ◽  
The Impact ◽  
Financial Result

Subject. The article addresses projections of regional budget revenues, using distributed lag models. Objectives. The purpose is to review economic and statistical tools that are suitable for the analysis of relationship between the revenues of the regional budget system and regional macroeconomic predictors. Methods. The study draws on statistical, constructive, economic and mathematical methods of analysis. Results. In models with quantitative variables obtained under the Almon method, the significant predictors in the forecasting of regional budget revenues are determined mainly by the balanced financial result, the consumer price index, which characterizes inflation processes in the region, and the unemployment rate being the key indicator of the labor market. Models with quantitative variables obtained through the Koyck transformation are characterized by a wider range of predictors, the composition of which is determined by the peculiarities of economic situation in regions. The two-year forecast provides the average lag obtained during the evaluation of the models. The exception is the impact of unemployment rate, which is characterized as long-term. Conclusions. To generate forecasts of budget parameters, the results of both the Koyck method and the Almon method should be considered, though the former is more promising.

Global Food Commodity Prices and Domestic Food Inflation: Some Insights from Morocco

New Medit ◽  
2020 ◽  
Vol 19 (3) ◽  
Author(s):  
Ahmed EL GHIN ◽  
Mounir EL-KARIMI
Keyword(s):  
Exchange Rate Regime ◽  
Commodity Prices ◽  
Food Prices ◽  
Consumer Prices ◽  
Floating Exchange Rate ◽  
Pass Through ◽  
The Impact ◽  
Food Inflation ◽  
Global Food ◽  
Domestic Food

This paper examines the world commodity prices pass-through to food inflation in Morocco, over the period 2004-2018, by using Structural Vector Autoregression (SVAR) model on monthly data. Several interesting results are found from this study. First, the impact of global food prices on domestic food inflation is shown significant, which reflects the large imported component in the domestic food consumption basket. Second, the transmission effect is found to vary across commodities. Consumer prices of cereals and oils significantly and positively respond to external price shocks, while those of dairy and beverages are weakly influenced. Third, there is evidence of asymmetries in the pass-through from world to domestic food prices, where external positive shocks generate a stronger local prices response than negative ones. This situation is indicative of policy and market distortions, namely the subsidies, price controls, and weak competitive market structures. Our findings suggest that food price movements should require much attention in monetary policymaking, especially that the country has taken preliminary steps towards the adoption of floating exchange rate regime.

The Impact of Oil Price Fluctuations on Industry Stock Returns: Evidence from International Markets

2018 ◽  
Vol 5 (1) ◽  
pp. 1-12
Author(s):  
Elias Randjbaran ◽  
Reza Tahmoorespour ◽  
Marjan Rezvani ◽  
Meysam Safari
Keyword(s):  
Stock Returns ◽  
Oil And Gas ◽  
Negative Relationship ◽  
The United States ◽  
Oil Price ◽  
Price Variation ◽  
Price Changes ◽  
Price Fluctuations ◽  
Food And Beverage ◽  
The Impact

This study investigates the impact of oil price variation on 14 industries in six markets, including Canada, China, France, India, the United Kingdom, and the United States. Panel weekly data were collected from June 1998 to December 2011. The results indicate that price fluctuations primarily affect the Oil and Gas as well as the Mining industries and have the least influence on the Food and Beverage industry. Furthermore, in three out of six of these countries (Canada, France, and the U.K.), oil price changes negatively affect the Pharmaceutical and Biotechnology industry. One possible reason for the negative relationship between oil price changes and the Pharmaceutical and Biotechnology industries in the above-mentioned countries is that the governments of these countries fund their healthcare systems. Portfolio managers and investors will find the results of this study useful because it enables adjusting portfolios based on knowledge of the industries that are impacted the most or the least by oil price fluctuations.

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

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