Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by PIERANI, P.
Right arrow Articles by RIZZI, P. L.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© 1991 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

An econometric analysis of the olive oil market in Italy

P. PIERANI and P. L. RIZZI

University of Siena Italy

Received June 1, 1990;

Summary

The paper analyses the olive oil market in Italy. In the specified model, consumption and import demands form conditional demand systems and the relevant policy variables are endogenous. Empirical evidence based on a three fat AIDS shows that olive oil is elastic with respect to the group expenditure, that olive oil, seed oils and butter behave like net substitutes and as gross complements, and that olive oil conditional demand is rather reactive to its own price. The policy multipliers support answers which are coherent with the assumptions, but contradict common opinions. In particular, sectoral instruments are not that effective in enhancing the market.

Keywords: olive oil, Italy, econometric model, direct weak separability, EC market regime.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.