Влияние пандемии Сovid-19 на пространственную динамику продовольственных цен

Covid-19 impact on spatial food prices dynamics

Venera Timiryanova and Dina Krasnoselskaya

MPRA Paper from University Library of Munich, Germany

Abstract: External shocks affect the balance of supply and demand, and, consequently, the established price of goods. There were varying price reactions around the world in the early stages of the COVID-19 pandemic. The sharp increase in demand and prices for many goods posed threats to food security. The difference in reactions determined the regional price variance, the study of which is relevant for the formation of a regional policy of food security. The paper presents the results of the spatial change assessment in food prices in the context of the COVID-19 pandemic in Russia. We conducted analysis within 28 product groups from January 1, 2019 to March 31, 2022. Used data are considered in relation to data on the number of people infected with COVID-19 across 83 Russian constituent entities since March 12, 2020 to March 31, 2022.The study focused on the analysis of spatial variance and spatial autocorrelation of prices. The results indicated that changing trends in spatial relationships had their own peculiarities for each product. The event itself, but not an increase in the number of cases affected prices’ dynamics that subsequently indirectly influenced the functioning of commodity markets and its filling with products.

Keywords: spatial price; spatial analysis; external shocks; COVID-19; Global Moran's Index (search for similar items in EconPapers)
JEL-codes: E31 R12 (search for similar items in EconPapers)
Date: 2022-11
New Economics Papers: this item is included in nep-cis
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