PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?

Alessandro Podkaminer ()
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Alessandro Podkaminer: Wiener Institut fŸr Internationale Wirtschaftsvergleiche (WIIW), Vienna (Austria)

Moneta e Credito, 2004, vol. 57, issue 227, 311-345

Abstract: Relative to non-food items, food tends to be cheaper in rich, as compared with poor European countries. This tendency cannot be explained in terms of cost developments or foreign-trade considerations. A positive explanation proposed focuses on demand-income-supply interaction. An analysis of a cross-country price-augmented modification of Engel's Law, econometrically specified, indicates that the relative price of food is related positively to the supply of food items and negatively to that of non-food items. This finding is consistent with "agricultural price scissors", and also casts a different light on the nature of economic development and structural change.

Keywords: Food; Prices (search for similar items in EconPapers)
JEL-codes: D12 L11 L66 Q11 (search for similar items in EconPapers)
Date: 2004
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