ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS

Prokopiev, Michael

English

Home>Issue 1>ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS

ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS

Table of contents

Annotation Estimate Publication content

References Comments

ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS

Annotation

PII

S042473880000616-6-1

Publication type

Article

Status

Published

Authors

Michael Prokopiev Send message

Edition

Volume 52 Issue 1

Pages

20-27

Abstract

The article examines the impact of the prices of imported products in the domestic prices (producer prices and consumer prices) under conditions of imperfect substitution. Special attention is paid to the extent to which imported and domestic goods to replace each other in the domestic market. In this context, examines the relationship elasticity transmission prices for imported products in the domestic prices and the Armington elasticity of substitution. The research is based on a simple one- sector model of supply and demand, which is on the demand side includes the Armington approach. The relationship of the elasticities of substitution and elasticity of transmission price of imports in producer prices and consumer prices is illustrated by the example of the domestic market of meat (poultry, cattle and pork). The results do not contradict the economic reality and the situation on food markets.

Keywords

Import substitution, price of imports, the domestic price, elasticity of substitution, elasticity of transmission, Armington approximation, food market

Date of publication

01.01.2016

Number of purchasers

Views

995

Readers community rating

0.0 (0 votes)

Cite Download pdf

GOST	Prokopiev M. ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS // Economics and the Mathematical Methods. – 2016. – V. 52. – Issue 1 C. 20-27 .
MLA	Prokopiev, Michael "ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS." Economics and the Mathematical Methods. 52.1 (2016).:20-27.
APA	Prokopiev M. (2016). ANALYSIS OF INFLUENCE OF FOOD IMPORT PRICES ON DOMESTIC MARKET PRICES: METHODICAL ASPECTS. Economics and the Mathematical Methods. vol. 52, no. 1, pp.20-27


1

References

Additional sources and materials

Alvares R., Joramillo P., Selative J. (2008). Exchange Rate Pass Through into Import Prices: the Case of Chile. Central Bank of Chile. Working Papers No. 465.

Armington P.S. (1969). A Theory of Demand for Products Distinguished by Place of Production. IMF Staff Papers 16.

Aron J., Farrell G., Muellbauer J., Sinclair P. (2014). Exchange Rate Pass-through to Import Prices and Monetary Policy in South Africa // Journal of Development Studies. Vol. 50(1). P. 144-164.

Campa M., Goldberg L. (2002). Exchange Rate Pass-Through into Import Prices: a Macro or Micro Phenomenon? NBER Working Paper No. 8934.

Fock A., Weingartten P., Wahl O., Prokopiev M. (2000). Russian’s Bilateral Agricultural ^ade: First Results of a Partial Equilibrium Analysis. Russia’s Agro-food Sector. Towards Truly Functioning Markets. Boston, Dordrecht, London:Kluwer Academic Publishers.

Francois J.F., Reinert K.A. (1997). Applied Methods for Trade Policy Analysis. Cambridge: Cambridge University Press.

Warmedinger T. (2004). Import Prices and Prices-to-Market Effects in the Euro Area. European Central Bank. Working Paper Series No. 299.