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The price stabilization effects of the EU entry price scheme for fruits and vegetables

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  • Cioffi, Antonio
  • Santeramo, Fabio Gaetano
  • Vitale, Cosimo

Abstract

The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system. The analysis is carried out on the EU prices of tomatoes and lemons and those of imports from some of the main competing countries on the EU domestic markets: Morocco, Argentina and Turkey. It is based on the estimation of a threshold vector autoregressive econometric model that is shown capable of taking the workings of the import regime into account. The model shows that prices behave differently when import prices are above/below the trigger entry price. This paper allowed to highlight the cases for which the isolation effect of EPS seems reached and the resulting stabilization effects.

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File URL: http://mpra.ub.uni-muenchen.de/24828/1/MPRA_paper_24828.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24828.

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Date of creation: Jul 2010
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Handle: RePEc:pra:mprapa:24828
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Keywords: Fruit and vegetables; Entry price system; stabilisation effects; TVAR;

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Find related papers by JEL classification:
  • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
  • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
  • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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  1. Swinbank, Alan & Ritson, Christopher, 1995. "The impact of the GATT agreement on EU fruit and vegetable policy," Food Policy, Elsevier, vol. 20(4), pages 339-357, August.
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  11. Elliott, Graham, 1999. "Efficient Tests for a Unit Root When the Initial Observation Is Drawn from Its Unconditional Distribution," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 767-83, August.
  12. Andrews, Donald W K, 1993. "Tests for Parameter Instability and Structural Change with Unknown Change Point," Econometrica, Econometric Society, vol. 61(4), pages 821-56, July.
  13. Cioffi, Antonio & dell'Aquila, Crescenzo, 2004. "The effects of trade policies for fresh fruit and vegetables of the European Union," Food Policy, Elsevier, vol. 29(2), pages 169-185, April.
  14. Deaton, Angus & Laroque, Guy, 1996. "Competitive Storage and Commodity Price Dynamics," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 896-923, October.
  15. Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178.
  16. n/a, 2001. "Balance of payments prospects in EMU," NIESR Discussion Papers 164, National Institute of Economic and Social Research.
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Cited by:

  1. Dal Bianco, Andrea & Boatto, Vasco & Caracciolo, Francesco & Santeramo, Fabio Gaetano, 2014. "Tariffs and non-tariff frictions in the world wine trade," MPRA Paper 61813, University Library of Munich, Germany.
  2. Santeramo, Fabio Gaetano & Adinolfi, Felice & Capitanio, Fabian & Contò, Francesco & Sasala, Piero, 2013. "Coping with Risks in the Mediterranean Countries? Let the experts explain," MPRA Paper 49852, University Library of Munich, Germany.
  3. Santeramo, Fabio Gaetano & Cioffi, Antonio & Vitale, Cosimo Damiano, 1. "A Threshold-Var Approach To Assess The Efficacy Of The Eu Import Regime," International Journal of Food and Agricultural Economics (IJFAEC), Niğde University, Faculty of Economics and Administrative Sciences, vol. 2(1).
  4. Listorti, Giulia & Esposti, Roberto, 2012. "Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), issue 1, April.
  5. Márquez-Ramos, Laura & Martinez-Gomez, Victor, 2014. "A gravity assessment of Moroccan F&V monthly exports to EU countries: The effect of trade preferences revisited," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182951, European Association of Agricultural Economists.
  6. Santeramo, Fabio Gaetano & Cioffi, Antonio, 2. "Transmission Of Market Crises In The European Vegetables Sector," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L’Informatore Agrario, issue 2.
  7. Santeramo, Fabio Gaetano & Capitanio, Fabian & Adinolfi, Felice, 2014. "Integrating Agricultural Risks Management Strategies in selected EU Partner Countries: Syria, Tunisia, Turkey," MPRA Paper 58935, University Library of Munich, Germany, revised 2014.
  8. Pappalardo, Gioacchino & Bucca, Marcella & Zarba, Alfonso Silvio, 3. "Mediterranean Agricultural Product Trade between the EU and Morocco in the Perspective of the New Bilateral Agreement: Main Causes of Imbalance and Possible Effects," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L’Informatore Agrario, issue 3.
  9. Francesco CARACCIOLO & Elisabetta GOTOR & Fabio Gaetano SANTERAMO, 2014. "European Common Agricultural Policy Impacts On Developing Countries Commodities Prices," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).
  10. Cioffi, Antonio & Santeramo, Fabio G., 2011. "The entry price threshold in EU F&V sector: deterrence or effective barrier?," 122nd Seminar, February 17-18, 2011, Ancona, Italy 99432, European Association of Agricultural Economists.
  11. Santeramo, Fabio Gaetano & Cioffi, Antonio, 2012. "The entry price threshold in EU agriculture: Deterrent or barrier?," Journal of Policy Modeling, Elsevier, vol. 34(5), pages 691-704.
  12. Vitor Joao Pereira Domingues Martinho, 2012. "International trade of fruits between Portugal and the world," Papers 1206.3385, arXiv.org.
  13. Anonymous & Wigier, Marek & Bułkowska, Małgorzata, 2014. "The new EU agricultural policy - continuation or revolution?," Multiannual Program Reports 179498, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
  14. Giulio Malorgio & Cristina Grazia, 2013. "La performance della filiera ortofrutticola di esportazione dei Paesi Terzi del Mediterraneo nel mercato europeo: tra concorrenza e cooperazione," ECONOMIA AGRO-ALIMENTARE, FrancoAngeli Editore, vol. 15(1), pages 73-101.

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