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Distributional Impacts of Food Price Changes on Consumer Welfare in Hungary and Romania following EU Accession AgEcon
Hubbard, Carmen; Szigeti, Judith; Podruzsik, Szilard.
This paper focuses on the estimation of changes in economic welfare (real income) on different groups (income deciles) of Hungarian and Romanian consumers following food price changes as a result of accession to the European Union (EU) in 2004 and 2007. It identifies in both countries those consumer groups most vulnerable to food price changes using the most recent, official, post accession data. Slutsky Compensating Variation, based on Laspeyres indexes is employed for a food basket of 16 products. The results show that real food prices have changed with some going up and others falling. However, overall both Hungary and Romania have experienced a rise in real food prices by 9 per cent and 20 per cent, respectively. The rise in food prices has resulted in...
Tipo: Conference Paper or Presentation Palavras-chave: Prices; Consumers; Welfare; Agribusiness; Agricultural and Food Policy; Community/Rural/Urban Development; Food Consumption/Nutrition/Food Safety; Labor and Human Capital.
Ano: 2010 URL: http://purl.umn.edu/95036
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How does it work for Hungarian food consumers? A medium-term analysis AgEcon
Szigeti, Judith; Podruzsik, Szilard.
The accession of Hungary to the European Union (EU) in 2004 was expected to lead to price convergence to the EU levels. The influence of national and EU policies on Hungarian producers and consumers is important as they were facing a new situation. Consumers’ welfare depends on the constantly altering world- and common market, and political actions. The purpose of this study is to analyse welfare changes and distributional impacts on Hungarian food consumers. The paper focuses on Laspeyres index, compensating variation and elasticities of demand.
Tipo: Journal Article Palavras-chave: Food consumption; Consumer welfare; Compensating variation; Price change; Elasticity; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/102400
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