Demand and Price Analysis in Agricultural and Food Economics

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 March 2025 | Viewed by 591

Special Issue Editor


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Guest Editor
Department of Agricultural & Applied Economics, Texas Tech University, Lubbock, TX 79424, USA
Interests: industrial organization; food marketing and agribusiness; consumer demand

Special Issue Information

Dear Colleagues,

The agricultural and food sector plays an important role in the global economy as a supplier for food and agricultural products, as well as a source of revenue for the rural population. This sector is characterized by its complexity, where demand and price dynamics influence production, consumption, and trade patterns. Understanding these dynamics is crucial for informed policy-making, efficient resource allocation, and ensuring food security.

This Special Issue seeks to advance our understanding of these dynamics by providing a platform for research and analysis on demand and price analysis in this vital sector of the economy.

The issue will focus on exploring consumer behavior, market trends, policy interventions, market volatility, and the impact of technological advancements on agricultural and food markets. It welcomes diverse methodological approaches, including econometric modeling, machine learning modeling, experimental studies, and qualitative analysis.

By situating itself within the existing literature, the Special Issue aims to renew academic interest in demand and price analysis as a cornerstone in the economic analysis, stimulate further research on the topic, and inform the policy-making process.

Dr. Benaissa Chidmi
Guest Editor

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Keywords

  • demand
  • price analysis
  • food
  • agricultural products
  • consumer behavior
  • market trends
  • policy intervention
  • market volatility

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Published Papers (1 paper)

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Research

19 pages, 750 KiB  
Article
Causality Relationship Between Producer and Consumer Price Indexes of Selected Meat Commodities in South Africa from 1991 to 2023
by Thabang R. Aphane, Chiedza L. Muchopa and Mmapatla P. Senyolo
Economies 2024, 12(12), 336; https://doi.org/10.3390/economies12120336 - 9 Dec 2024
Viewed by 422
Abstract
The South African meat industry plays an important role in food provision, income generation, and economic stability. However, inflation-driven volatility in commodity markets has intensified the focus on the nexus between producer and consumer price indexes, as significant meat price changes affect both [...] Read more.
The South African meat industry plays an important role in food provision, income generation, and economic stability. However, inflation-driven volatility in commodity markets has intensified the focus on the nexus between producer and consumer price indexes, as significant meat price changes affect both producers and consumers. Therefore, this study explored the association and the causality between consumer price index (CPI) meat and producer price index (PPI) beef, mutton, pork, and chicken from 1991 to 2023 using the Vector Error Correction Model (VECM) and Granger causality test. The findings of the study revealed a short- and a long-run relationship among the variables with an adjustment speed (ECT) of 67.67%. No causal relationship was found between PPI beef and CPI meat, while unidirectional relationships were identified between CPI meat and PPI chicken, pork, and mutton. These results suggest that consumer meat prices impact production prices for chicken, pork, and mutton, but not for beef, indicating that beef price changes are influenced by factors other than general meat price fluctuations. Thus, while price controls or subsidies may manage price changes in chicken, pork, and mutton, further research or targeted strategies are needed to address the unique factors influencing beef prices. Ultimately, understanding these dynamics will enhance price stability in the meat market, benefiting consumers, producers, and the overall stability of the South African economy. Full article
(This article belongs to the Special Issue Demand and Price Analysis in Agricultural and Food Economics)
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