Price Analysis in the European Food Supply Chain
Abstract
The paper assesses the degree of price cooperation between the main agricultural supply chain stakeholders in EU-27. The price transmission mechanism between producers and retailers is used for assessing cooperation. Cereals prices of EU-27 are used for the empirical analysis (January 1995 - April 2022). The price mechanism is modeled via the Co-Integrated Vector AutoRegressive (VAR) representation. The empirical analysis follows the usual drill of stationarity and co-integration tests followed by Granger Causality tests, Impulse Responses and Forecasts of Error Decomposition. The results show restricted cooperation between supply chain stakeholders.
JEL Classifications: Q13, Q18
Keywords: Price analysis, European Union - 27, supply chain management
Article Details
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Pachis, D., Peppas, G., & Dimitras, A. (2023). Price Analysis in the European Food Supply Chain. International Conference on Business and Economics - Hellenic Open University, 2(1). https://doi.org/10.12681/icbe-hou.5354
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