Title: Do the EU countries import at the same price? The case of coffee
Citation: AGRICULTURAL ECONOMICS vol. 48 no. 3 p. 397-408
Publication Year: 2014
JRC N°: JRC92739
ISSN: 0169-5150
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC92739
DOI: 10.1111/agec.12342
Type: Articles in periodicals and books
Abstract: The establishment of the Economic and Monetary Union was expected to determine price convergence in the market of the European Union, leading to the equilibrium theorized by the law of one price. This article investigates prices convergence in the coffee market among European importers. Coffee is not only a tradable and traded good, but also one of the most valuable traded commodities. We account for different qualities of coffee in a hedonic regression model, which isolate and remove the effects of factors that might affect price dispersion. Adjusted import prices result to be significantly different between European Member States, and do not support the hypothesis of a deepening European market integration.
JRC Directorate:Joint Research Centre Corporate Activities

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