LIMITATION OF TRADE MARGINS AS A MEASURE OF FOOD PRICE CONTROLS: EXPERIENCE OF SERBIA
DOI:
https://doi.org/10.5937/ekoPolj1501193RKeywords:
limitation of trade margins, control of food prices, inflation, trade sector, competition.Abstract
The aim of this study is to examine the influence of trade margins limitations to the prices of basic food products and general price level in the Republic of Serbia. Assessing the effects of the Regulation on the margins limitations from 2012, this paper considers the purpose of applying this instrument of indirect price control. In practice, prescribing a maximum trade margins can have positive effects on the food market stability only in the short term. It is therefore necessary a broader consideration of the factors of pricing on the food market and food inflation regulation by economic policy measures. A particular problem is the low degree of competition in the trade sector, which significantly affects the prices of the final products. Food price movements are very unstable, while their share in the consumer price index in the Republic of Serbia is significantly. It is logical to conclude that food prices have a dominant influence on inflation, so that the government actions in this area are justified.
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References
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4. Gregorio, J. (2012): Commodity Prices, Monetary Policy, and Inflation, IMF Economic Review, vol. 60, no. 4, pp. 600-633, IMF, Washington.
5. Lovreta, S. (2008): Strategija i politika razvoja trgovine Republike Srbije, Ekonomski fakultet i Ministarstvo trgovine i usluga Republike Srbije, Beograd, Srbija, available at: www.seda.org.rs/download/strategija_i_politika_razvoja_trgovine.pdf
6. Mankju, G. N., Tejlor, R. M. (2008): Ekonomija, Data status, Beograd, Srbija.
7. Milanović, М., Ljubić, М., Muminović, S. (2011): Uticaj cena hrane na ciljanu inflaciju u Republici Srbiji, Ekonomika poljoprivrede, vol. 58, no. 4, pp. 547-562, IEP Beograd, Srbija.
8. Milanović, М., Mihailović, B., Paraušić, V. (2009): Elementi konkurencije i strukturne tipologije agrarnog tržišta u Srbiji, Ekonomika poljoprivrede, vol. 56, no. 4, pp. 519- 534, IEP Beograd, Srbija.
9. Ministry of Internal and External Trade and Telecommunications of the Republic of Serbia (2013): Potrošačka korpa, Belgrade, Serbia, available at: http://razvoj.mtt.gov.rs/informacije/potrosacka-korpa/
10.Ministry of Internal and External Trade and Telecommunications of the Republic of Serbia (2013а): INFORMACIJA o ostvarenom rastu potrošačkih cena u period januar – decembar 2012. godine, Belgrade, Serbia, available at: http://mtt.gov.rs/download/rast-potrosackih-cena/potrosackecene_01-12_2012.pdf
11.Narodna banka Srbije (NBS), (2012): Izveštaj o inflaciji, available at: www.nbs.rs/
12.OECD (2011): Price Volatility in Food and Agricultural Markets: Policy Responses, Policy Report including contributions by FAO, IFAD, IMF, OECD, UNCTAD, WFP, the World Bank, the WTO, IFPRI and the UN HLTF, available at: http://www.oecd.org/dataoecd/40/34/48152638.pdf
13.Statistical Offce of the Republic of Serbia (SORS), (2013): Indeksi potrošačkih cena u Republici Srbiji, novembar 2013, Belgrade, Serbia, available at: http://webrzs.stat.gov.rs/WebSite/repository/documents/00/01/23/23/cn11122013.pdf
14.Stojanović, B. (2012): Mikroekonomija, Ekonomski fakultet, Niš, Srbija.
15.Stojanović, B., Radivojević, V., Stanišić, Т. (2012): Institucionalne pretpostavke efkasnosti politike zaštite konkurencije, Ekonomski horizonti, vol. 14, no. 2, pp. 121- 131, Ekonomski fakultet, Kragujevac, Srbija.
16.Stojanović, B., Stanišić, T., Veličković, М. (2010): Problem zaštite konkurencije u trgovini na malo u Srbiji, Škola biznisa, vol. 7, no. 3, pp. 57-66, Visoka poslovna škola strukovnih studija, Novi Sad, Srbija.
17.Uredba o posebnim uslovima prometa određene robe, Offcial Gazette of Republic of Serbia, no. 102/2011.
18.Uredba o posebnim uslovima prometa određene robe, Offcial Gazette of Republic of Serbia, no. 63/2012.
19.Uredba o obaveznoj proizvodnji i prometu hleba od brašna Т-500", Offcial Gazette of Republic of Serbia, no. 94/2012.
20.Uredba o izmeni Uredbe o posebnim uslovima prometa određene robe, Offcial Gazette of Republic of Serbia, no. 100/2012.
21.Wilson, N. (2012): Discussion: Causes of Agricultural and Food Price Inflation and Volatility, Journal of Agricultural and Applied Economics, vol. 44, no. 3, pp. 423–425.
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Published
2015-01-31
How to Cite
Radukić, S., & Marković, M. (2015). LIMITATION OF TRADE MARGINS AS A MEASURE OF FOOD PRICE CONTROLS: EXPERIENCE OF SERBIA. Ekonomika Poljoprivrede, 62(1), 193–205. https://doi.org/10.5937/ekoPolj1501193R
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Review articles
