Evaluation of the Common Agricultural Policy's Impact upon Inflation Rate in Central, Eastern and Southern Europe Countries

Ovidiu Stoica and Monica Damian
Additional contact information
Monica Damian: University of Iasi, Romania.

International Journal of Economics and Financial Issues, 2013, vol. 3, issue 1, 229-236

Abstract: The goal of this paper is to estimate the inflationary effect of adoption of the Common Agricultural Policy in countries which joined the European Union in 2004, using two approaches. The first one supposes the comparison of consumer food prices before (May-December 2001-2003 and January April 2002-2004) and after joining the European Union (May December 2004 and January April 2005), in all ten states. The second approach consist in the application of a multifactorial regression model for the period 2003-2010 in six countries: the Czech Republic, Hungary, Latvia, Lithuania, Slovakia and Slovenia. The results of the study shows that, contrary to the usual perception, the influence of the agricultural products prices on the food price and, implicitly, on the consumer prices have been relatively low in all the analysed countries, in some countries being counterbalanced by the appreciation of the national currency and the elimination of import custom duties.

Keywords: EU Accession; Inflation Rate; Common Agricultural Policy; Food Prices (search for similar items in EconPapers)
JEL-codes: C35 E3 F36 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/363/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/363/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2013-01-23

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk (ilhanozturk@yahoo.com).