Determinants of variation of potato prices in the European Union

Titolo Rivista ECONOMIA AGRO-ALIMENTARE
Autori/Curatori Krzysztof Firleja, Sebastian Kubala
Anno di pubblicazione 2020 Fascicolo 2019/3
Lingua Inglese Numero pagine 11 P. 697-707 Dimensione file 159 KB
DOI 10.3280/ECAG2019-003007
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Prices are considered to be an only, directly observable market parameter, deciding on a degree of implementation of functions of market entities. The variability is inherent to prices, in accordance to an attribute of functioning on competitive market. Examination of factors affecting the prices is particularly significant on account of occurrence of many potential variables which may impact their levels and still increasing market ties among particular economies. Potato is one of the basic agricultural raw materials in the world. Potato is of high economic value, mainly through the universal usability both by manufacturers as well as consumers. The purpose of the article was to determine of variables characterizing strong dependency on evolving level of potato prices in the EU countries. Attempts of building a model aimed at depicting potato prices evolution in the European Union countries under an influence of particular variables was performed using panel data models. Conducted analyses allowed to indicate the occurrence of regional variation of potato prices in particular European Union countries. It was also shown that essential impact on a potato prices level is potato production volume, value of gross domestic product and potato import volumes.

Keywords:Procurement prices, panel models, price dynamics.

Jel codes:C19, Q13, R10

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Krzysztof Firleja, Sebastian Kubala, Determinants of variation of potato prices in the European Union in "ECONOMIA AGRO-ALIMENTARE" 3/2019, pp 697-707, DOI: 10.3280/ECAG2019-003007