scholarly journals COVID-19, spatial market integration and producer prices: A case study of EU agri-food markets

2021 ◽  
Vol 123 (2) ◽  
pp. 53-61 ◽  
Author(s):  
Mariusz Hamulczuk ◽  
Marta Skrzypczyk
Keyword(s):  
Market Integration ◽  
Theoretical Background ◽  
Food Markets ◽  
Price Changes ◽  
Domestic Prices ◽  
Key Factor ◽  
Producer Prices ◽  
Food Commodities ◽  
The Impact ◽  
The Eu

The spread of COVID-19 has had a signifi cant impact on economic and social activities, with the agri-food sector being no exception. Since the COVID-19 outbreak, numerous studies investigating its sectoral infl uence have been carried out, putting emphasis on demand and supply shocks and changes in trade volumes. However, there has not been much research into the implications of the pandemic for prices. To fi ll the research gap, this paper is an attempt to examine the impact of COVID-19 on producer prices in the EU-27 in Q2 and Q3 of 2020. The study is based on monthly data on trade in agri-food commodities according to the SITC classifi cation in 2015-2020 and the monthly producer prices index of food (2015 = 100) in the EU countries. It was assumed that the agri-food trade balance is the key factor determining the level and changes of domestic prices. The theoretical background for empirical research is provided by a spatial partial equilibrium model and the concept of spatial market integration. The results of the study reveal that there is a negative and statistically signifi cant relationship between an export-import ratio (which illustrates the country’s self-suffi ciency level) in the pre-COVID-19 period and price changes in Q2 of 2020 as well as Q3 of 2020. However, no statistically signifi cant results were obtained for the regression models explaining the relationship between changes in the export/import ratio and price changes in second and third quarters of 2020.

scholarly journals Identification and Analysis of Structural Fund Support Mitigating the Effects of the COVID-19 Pandemic in the EU—A Case Study of Health Unit Funding

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4976
Author(s):  
Karina Bedrunka ◽  
Łukasz Mach ◽  
Anna Kuczuk ◽  
Anna Bohdan
Keyword(s):  
Research Process ◽  
Theoretical Background ◽  
Point Of View ◽  
Structural Fund ◽  
Public Intervention ◽  
Development Fund ◽  
Eu Member States ◽  
The Impact ◽  
The Eu

The research carried out describes the provision of COVID-19 funding in individual EU Member States under the ongoing operational programmes of the EU financial perspective in the period 2014–2020. This was followed by identification of the most important areas of support and the amounts allocated to them for Poland and its sixteen voivodeships under the available EU funds from the 2014–2020 perspective. Types and forms of support for health services from the funds of the Regional Operational Programme for the Opolskie Voivodeship 2014–2020 (ROP WO) were analysed in detail. The obtained results showed that Italy, Spain, and Poland provided the largest values of support under the available operational programmes from 2014–2020 to combat the effects of COVID-19. In Poland, funding was mainly provided by the European Regional Development Fund, with the dominant support allocated to entrepreneurship and health care. In the Opolskie voivodeship, which is the case study, the additional financing in the health area concerns: personal protective equipment, equipment, construction works, oxygen installations, and waste water management. In this article, a literature analysis of the issue was conducted prior to the research process, which included theories of post-2007 crises, including the COVID-19 pandemic. The focus is on the theoretical background and research showing the impact of crises from the point of view of social, economic, and ecological dimensions, i.e., from the point of view of sustainable development. It also presents planned and implemented public intervention to offset the negative effects of COVID-19 in 2020 from structural funds in EU countries, including Poland and its 16 voivodeships.

Renewable-Energy Support Schemes in the Case Law of the Court of Justice of the eu: Tensions Between Trade and Climate Objectives

Climate Law ◽  
2016 ◽  
Vol 6 (3-4) ◽  
pp. 264-278
Author(s):  
Eirini Tsifopoulou
Keyword(s):  
Renewable Energy ◽  
Market Integration ◽  
Case Law ◽  
Potential Conflict ◽  
Court Of Justice ◽  
Promotion Policies ◽  
Recent Developments ◽  
Free Movement Of Goods ◽  
The Impact ◽  
The Eu

This article discusses the application of eu law by the Court of Justice of the eu to the renewable-energy promotion policies. The key question in the case law is whether national policies designed to promote locally produced renewable energy are consistent with eu law, and specifically with the principle of the free movement of goods. The article analyses the recent Ålands Vindkraft and Essent Belgium cases, focusing on the interaction and potential conflict between trade objectives and the objective of promoting renewable energy. It is argued that the Court has consistently accommodated national support policies with competing trade objectives while emphasizing the need for proportionality in restrictions on trade. The article also discusses the impact of the Court’s rulings on eu renewables policies against the backdrop of recent developments towards increased market integration of renewable energy.

Autonomy of Public Sector Investments in the Light of the Free Movement of Capital in the EU

2014 ◽  
Vol 12 (3) ◽  
pp. 503-518
Author(s):  
Janja Hojnik
Keyword(s):  
Market Integration ◽  
Free Movement ◽  
Member States ◽  
Freedom Of Movement ◽  
Eu Member States ◽  
Financial Market Integration ◽  
The Republic ◽  
The Impact ◽  
Free Movement Of Capital ◽  
The Eu

This article deals with the impact of the EU’s endeavours to achieve financial market integration and the free movement of capital on rules of the Member States that limit autonomy of public bodies when making investment decisions. These rules have direct importance for rules such as those applicable in Slovenia which require 1,500 public entities to invest their liquid assets exceeding EUR 100,000 solely in securities of the Republic of Slovenia and not in securities of other EU Member States. In this case, they are obliged to offer their liquid assets first to the Ministry of Finance, thereby running the risk that such liquid assets would be decommitted and allocated to other public purposes. The aim of this article is to develop arguments to the effect that, in the light of the freedom of movement of capital as construed by the Court of Justice of the EU, especially in the recent case concerning Polish open pension funds (OPFs) the investment policy of indirect budget spending units should be more open – not only from the viewpoint of ensuring the EU single market but mainly from the perspective of the profitability of public finance. The security of investments can also be achieved in ways other than closing the investment market for all public entities.

Producer prices in the main food markets in the 3rd quarter of 2021

2021 ◽  
pp. 74-78
Author(s):  
Oleg S. Sobolev ◽  
Keyword(s):  
Sunflower Oil ◽  
Price Index ◽  
Food Markets ◽  
High Increase ◽  
Main Food ◽  
Export Prices ◽  
Oil Markets ◽  
The Usa ◽  
Producer Prices ◽  
The Eu

The article compares the producer’s prices of grain, milk, meat in Russia, the EU and the USA in the 3rd quarter of 2021. Data on the growth of the FAO food price index in various segments of the agricultural market are presented. The schemes of reducing or increasing wheat exports depending on the level of export prices are considered. There was a high increase in inflation year-on-year in the domestic sugar, chicken meat and sunflower oil markets.

Producer prices in the main food markets in the second quarter of 2021

2021 ◽  
pp. 56-60
Author(s):  
Oleg S. Sobolev ◽  
Keyword(s):  
Sunflower Oil ◽  
State Regulation ◽  
Food Markets ◽  
Domestic Markets ◽  
Main Food ◽  
Oil Market ◽  
The Usa ◽  
Producer Prices ◽  
The Eu

The article compares producer prices for grain, milk, meat in Russia, the EU and the USA in the 2nd quarter of 2021. The measures of state regulation in the sugar and sunflower oil market are evaluated. There was a higher increase in inflation compared to last year in the domestic markets of sugar, vegetables, potatoes, chickens and sunflower oil.

scholarly journals EU Single Market(s) after Brexit

2019 ◽  
Vol 7 (3) ◽  
pp. 19-29
Author(s):  
Michelle Egan
Keyword(s):  
Market Integration ◽  
Single Market ◽  
Goods And Services ◽  
Current State ◽  
European Single Market ◽  
Political Effects ◽  
The Uk ◽  
The Impact ◽  
The Relationship ◽  
The Eu

This article focuses on the European single market, which has been one of the central issues in terms of the impacts of Britain’s withdrawal from the EU. As the aim of the single market project is to open the internal borders of the EU to the free movement of goods, services, capital, and labor to create cross-jurisdictional markets, the economic and political effects of Brexit will be widespread, if not yet fully understood, outside the British polity. The article looks at the current state of the single market, then highlights the impact of British withdrawal on economic governance, focusing on different market freedoms, given the degree of trade interdependence and integrated supply chains that have evolved in response to changes in goods and services. One of the lessons from Brexit negotiations is the importance of distinguishing between different single market(s) when assessing the impact of British ‘exit’ on member states. The concluding section focuses on the political safeguards of market integration to manage the relationship between the UK and EU, to illustrate how judicial, market, and institutional safeguards create options and constraints in mitigating the effects of ‘exit’.

scholarly journals Use of Mulifactor Models with Garch Structure in Carbon Emissions Risk Management

2018 ◽  
Vol 1 (1) ◽  
pp. 407-413
Author(s):  
Aneta Włodarczyk ◽  
Marta Kadłubek
Keyword(s):  
Risk Management ◽  
Carbon Emission ◽  
Phase Iii ◽  
Management Process ◽  
Eu Ets ◽  
Price Changes ◽  
Multifactor Models ◽  
Energy Companies ◽  
The Impact ◽  
The Eu

Abstract Tightening the environmental norms that result from the priorities of the EU 2030 Energy and Climate Package and the reform of the EU ETS have caused the necessity to implement an effective system of managing the risk of carbon dioxide emission and integrate it with the existing enterprise management system. Evaluation of the direction and strength of correlation between EUA price changes and energy companies stock price returns is crucial from point of view the managerial staff making proper decisions about the use of the CO2 emission permits by energy companies. It is an important stage of carbon emission risk management process. The aim of this paper is to verify the possibility of use the multifactor models with GARCH structure as a tool supporting the carbon emission management process in energy companies. Empirical analysis is connected with the estimation of multifactor models with GARCH structure in the Phase II and Phase III of the EU ETS functioning for two groups of Polish energy companies: group of the Respect Index companies and others. Such an approach allows to check whether the Respect Index companies are more robust than others on the carbon emission risk, in particular the EUA price risk associated with the intensification works on modifying the EU ETS functioning. We found that the impact of EUA price changes on energy companies stock returns and their volatility is statistically insignificant in case of all Respect Index companies.

Russia - European Union: The continuation ofthe sanctions standoff

2017 ◽  
pp. 114-127
Author(s):  
M. Klinova ◽  
E. Sidorova
Keyword(s):  
European Union ◽  
Economic Recession ◽  
Economic Sanctions ◽  
Current Data ◽  
The State ◽  
The European Union ◽  
The Impact ◽  
The Eu ◽  
Year 2013

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies - the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

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