PRICE STABILITY OF AGRICULTURAL PRODUCTS IN THE EUROPEAN UNION
DOI:
https://doi.org/10.5937/ekoPolj1804585SKeywords:
Prices, Common Agricultural Policy, objectives, goals, support, European UnionAbstract
Agricultural sector in the EU functions under strong influence of the CAP. EU finances the measures to support production of agricultural products and food. CAP is founded on the goals of ensuring price stability. Correlation and regression analysis have largely confirmed the given hypotheses. General price levels in EU, as well as the prices of agricultural products have been stable, as shown by the respective trend line equations. Correlation and regression analysis of support for agricultural production and prices of agricultural products indicate a moderate correlation level, i.e. the support contributes to price stability. Correlation analysis confirms the influence of prices of industrial products on the prices of agricultural products. Results of price movement analysis of agricultural products and foods on one hand, and independent variables affecting prices on the other, show that CAP objectives have been mainly accomplished. Thus, interventionism in agriculture brings economic effects and justifies the CAP measures.
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5. Helen L.Walls, Laura Cornelsen, Karen Lock, Richard D. Smith. (2016). How much priority is given to nutrition and health in the EU Common Agricultural Policy? Food Policy, Elsevier, Vol. 59, pp. 12-23, Amsterdam, The Netherlands. https://doi.org/10.1016/j.foodpol.2015.12.008
6. Jean-Christophe Bureau, Johan Swinnen. (2018).EU policies and global food security. Global Food Security, Elsevier, Vol. 16, pp. 106-115, Amsterdam, The Netherlands. a. https://doi.org/10.1016/j.gfs.2017.12.001
7. Jovanović N. Miroslav. (2013). The Economics of European Integration, Second Edition. Edward Elgar Publishing Limited, UK.
8. Kay BA, A. (1997). The MacSharry Reforms of the Common Agricultural Policy: A Challenge to Public Choice Theory. University of Nottingham. Nottingham, England. Retrieved from: http://eprints.nottingham.ac.uk/11838/1/339641.pdf
9. McMahon, J.A. (2007). EU Agricultural Law. OXFORD University Press. New York, SAD. Retrieved from: https://www.e-elgar.com/shop/eep/preview/book/isbn/9781781954621/
10. OECD. (2017). VALUATION OF AGRICULTURAL POLICY REFORMS IN THE EUROPEAN UNION : the common agricultural policy 2014-20. OECD.
11. Popović Goran. (2016). Economy of the European Union, Zavod za izdavanje udžbenika (eng. The Institute for Textbooks and Teaching Resources) East Sarajevo.
12. Quiroga Sonia, Cristina Suáreza, Zaira Fernández-Haddad, George Philippidis. (2017). Levelling the playing field for European Union agriculture: Does the Common Agricultural Policy impact homogeneously on farm productivity and efficiency? Land Use Policy, Elsevier, pp. 179-188, Amsterdam, The Netherlands. https://doi.org/10.1016/j.landusepol.2017.07.057
13. Rastislav Kotulic, Mariana Dubravska. (2015). Impact Of Management Tendencies Of The Common Agricultural Policy On The European Union Budget. Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pp 62-70, Polish. Retrieved from: http://pjms.zim.pcz.pl/PDF/PJMS112/Impact%20of%20the%20Management%20Tendencies%20of%20the%20Common%20Agricultural%20Policy%20on%20the%20Budget%20of%20the%20European%20Union.pdf
14. Riccardi F. (2001). Bulletin Quotidien Europe. Agence Europe S&A, pp 2-3. Bruxelles, Belgique.
15. Robert Ackrill. (2008). The CAP and its Reform – Half a Century of Change? EuroChoices, Special Section on the Common Agricultural Policy at Fifty and a Focus on World Food Commodity Prices, Vol. 7, Issue 2, pages 13-21, pp. 2.
16. Sol García Germán , Isabel Bardají, Alberto Garrido. (2015). Evaluating price transmission between global agricultural markets and consumer food price indices in the European Union. The Journal of the International Association of Agricultural Economists, Technical University of Madrid, Spain. https://doi.org/10.1111/agec.12209
17. T. Ostashko. (2016). "Agri-food exports to the EU: outlook and goals," Economy and Forecasting. National Academy of Sciences of Ukraine, Valeriy Heyets, issue 1, pp 83-94. Kiev, Ukraine. Retrived from http://eip.org.ua/docs/EP_16_1_83_uk.pdf
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Published
2018-12-28
How to Cite
Spasojević, B., Djukic, A., & Erić, O. (2018). PRICE STABILITY OF AGRICULTURAL PRODUCTS IN THE EUROPEAN UNION. Ekonomika Poljoprivrede, 65(4), 1585–1598. https://doi.org/10.5937/ekoPolj1804585S
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Review articles
