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Fabio Gaetano Santeramo

Università degli Studi di Foggia, Department of Agricultural Sciences, Faculty Member

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Fabio G. Santeramo received his MSc in Economics at Iowa State University (USA), and his PhD in Economics at the North Carolina State University (USA).

Since 2014 Fabio Santeramo has been at at the University of Foggia, as Assistant Professor and Associate Professor. Since 2018, he has been awarded the National Scientific Habilitation for Full Professor.

Fabio Santeramo has taught in Italy, in the Netherlands, and in USA; he has served as consultant for the CIHEAM, the FAO, te ICCT, the EU Commission, the IATRC, and the IFPRI; he has authored more than seventy peer-reviewed articles, and is coauthoring with more than thirty colleagues from Germany, Italy, Pakistan, Spain, Turkey, and the USA.

His research has been published in top field journals such as Applied Economic Perspectives and Policy, European Review of Agricultural Economics, Journal of Agricultural Economics, and Agricultural Economics.

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Papers by Fabio Gaetano Santeramo

Santeramo Searle EP

Energy Policy

The Effects of Non-tariff Measures on Agri-food Trade: A Review and Meta-analysis of Empirical Evidence

by Fabio Gaetano Santeramo and Emilia Lamonaca

Journal of Agricultural Economics, 2019

The increasing policy interest and academic debates on non-tariff measures (NTMs) has stimulated ... more The increasing policy interest and academic debates on non-tariff measures (NTMs) has stimulated a growing literature on how NTMs affect agri-food trade. The empirical literature provides contrasting and heterogeneous evidence, with some studies supporting the 'standards as catalysts' view, and others favouring the 'standards as barriers' explanation. To the extent that NTMs can influence trade, understanding the prevailing effect, and the motivations behind one effect or the other, is a pressing issue. We review a large body of empirical evidence on the effect of NTMs on agri-food trade and conduct a meta-analysis to disentangle potential determinants of heterogeneity in estimates. Our findings show the role played by the publication process and by study-specific assumptions. Some characteristics of the studies are correlated with positive significant estimates, others covary with negative significant estimates. Overall, we found that the effects of NTMs vary across types of NTM, proxies used for NTMs, and levels of detail of studies. The estimated effects are also influenced by methodological issues and publication processes.

I learn, your learn, We Gain: Experience in Crop Insurance Markets

Applied Economic Perspectives Policy, 2019

The relevance and the impact of experience in insurance markets are underinvestigated. From Itali... more The relevance and the impact of experience in insurance markets are underinvestigated. From Italian farm-level data we estimate a dynamic discrete-choice model of participation to investigate the role of experience. The methodology, coupled with exploratory analysis, allows one to compare how different sources of experience influence the crop insurance decision making process. We found that direct experience is a catalyst for insurance participation for medium and large farms. The experience indirectly acquired is also relevant, especially for small farms. Policy implications include the importance of information campaigns and of bolstering uptake to exploit the advantages of the inertia and spillover effects that emerge from experience.

Imperfect information and participation in insurance markets: evidence from Italy

The price stabilization effects of the EU entry price scheme for fruit and vegetables

The article assesses the stabilization effects of the EU import regime for fresh fruit and vegeta... more The article assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system (EPS). The analysis is carried out on the EU prices of tomatoes and lemons and those of imports from some of the main competing countries on the EU domestic markets: Morocco, Argentina, and Turkey. It is based on the estimation of a threshold vector autoregressive econometric model that is shown capable of taking the workings of the import regime into account. The model shows that prices behave differently when import prices are above/below the trigger entry price. This article allowed to highlight the cases for which the isolation effect of EPS seems reached and the resulting stabilization effects.

The entry price threshold in EU agriculture: Deterrent or barrier

The paper investigates the effects of the entry price scheme (EPS) for a specific sector of agric... more The paper investigates the effects of the entry price scheme (EPS) for a specific sector of agriculture: fresh fruit and vegetables. The analysis is conducted on the EU prices of tomatoes, lemons and apples for some of the main competing countries on the EU domestic markets: Morocco, Argentina, Turkey and China. The econometric analysis is based on testing and estimating a switching vector autoregressive model with endogenous threshold entry price level. The model shows the isolation effects and the accumulation of Standard Import Values (SIVs) above the trigger entry price. This paper contributes to clarify the role played by the EPS in avoiding or deterring low priced imports from main EU partner countries.

Food Reviews International On the Composite Indicators for Food Security: Decisions Matter

During the past decades, there has been much debate on food security. A variety of indicators hav... more During the past decades, there has been much debate on food security. A variety of indicators have been proposed in order to establish which countries are in need of improved food security status. The heterogeneity of existing indicators and the lack of consensus on how to compare and rank countries have motivated international organizations to build composite indexes to synthesize the information. The process of building composite indexes involves multiple choices that influence the outcome. This analysis aims at understanding how relevant and discretional may be the analyst's choice of algorithms to compute composite indexes for food security. To this extent, we have computed several composite indexes for food security by using data provided by the Food and Agriculture Organization, which includes a large set of proxies for food security, as emerged from the Committee on World Food Security Round Table. We compare different methods to impute, homogenize, weight, and aggregate data, in order to compute composite indexes and show how relevant are the choices to be made. We show that normalization and weighting are not very crucial decisions, whereas special attention has to be paid in choosing the data imputation and aggregation methods. By commenting on the implications that different measurement choices may have in terms of global index, we show that the index construction decisions matter.

Price Transmission in the European Tomatoes and Cauliflowers Sectors

The paper explores the characteristics of spatial price movements for fresh vegetables. The analy... more The paper explores the characteristics of spatial price movements for fresh vegetables. The analysis is conducted on tomato and cauliflower prices collected on main production and consumption European markets. We estimate an asymmetric threshold autoregressive econometric model and provide estimates of transaction costs and speeds of price transmission among spatially separated markets. We assess the average elapsing time for the transmission of price shocks. In eight of ten cases we found that spatial price transmissions is not symmetric. Moreover in most cases we conclude that tomato and cauliflower markets are not efficient. We convey interesting policy considerations for the fresh vegetables sectors. [JEL

Tourism Planning & Development On the demand for agritourism: a cursory review of methodologies and practice: On the demand for agritourism: a cursory review of methodologies and practice, Tourism Planning & Development

During the last decades agritourism has expanded tremendously worldwide given visitors' increased... more During the last decades agritourism has expanded tremendously worldwide given visitors' increased interest to appreciate the life in the countryside and farmers' need to enhance their revenues from different economic activities. Despite such enlarged agritourism development, scant information is available on the state of its demand at both national and international levels. Given such a need, we cursorily reviewed the range of econometric methods employed to evaluate the demand of agritourism, summarizing the salient findings in their application. Our assessment shows that current studies provide a limited characterization of the agritourism demand, especially in terms of methods utilized and information compiled. We suggest that a broader set of economic approaches are needed to control for existing bias and model flaws, and to isolate the features and amenities pulling visitors to agritourism destinations. We also suggest expanding economic studies to fully capture the impact of increased agritourism demand in surrounding communities.

Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme

The factors affecting the demand for agricultural insurance in the USA have been extensively stud... more The factors affecting the demand for agricultural insurance in the USA have been extensively studied over the last two decades. However, the determinants of a farm's entry and exit decisions in the insurance market have received relatively little attention. Turnover in the insurance book of business is an important issue in most private and public crop insurance plans. Moreover, insurance markets in the EU are still largely under-investigated. We investigate empirically the determinants of crop insurance participation in Italy. We show that the participation rate is high for large firms and that it is negatively correlated with crop diversification, which is itself a form of insurance. High premiums tend to inhibit both entry and exit from the insurance market. Larger and wealthier farms are more likely to adopt insurance and renew coverage over time. We discuss implications of our results for public intervention and the private industry. In particular, we demonstrate that the decision to drop coverage by an insured grower may differ significantly from the corresponding decision to enroll in an insurance programme by an uninsured farmer. To the extent that policymakers want to encourage participation in subsidized crop insurance programmes, education and outreach efforts toward uninsured farmers may differ substantially from those directed toward keeping insured farmers enrolled in the programme. We investigate these differences.

On perishability and Vertical Price Transmission: empirical evidences from Italy

Studies on the causes for asymmetries in vertical price transmission date back to decades ago, bu... more Studies on the causes for asymmetries in vertical price transmission date back to decades ago, but the attention of theorists and empirical economists is still vivid. In particular the role of perishability is not fully defined. We investigate the vertical price transmission for a heterogeneous group of fruits and vegetables that differ for their degree of perishability. The error correction model we estimate allows to conclude that asymmetries in vertical price transmission tend to vanish for perishable products.

On consumption patterns in oyster markets: The role of attitudes

A B S T R A C T Achieving a low-carbon and sustainable economy is a long-term goal that EU aims a... more A B S T R A C T Achieving a low-carbon and sustainable economy is a long-term goal that EU aims at achieving in the next few decades: the potential role of bioeconomy is likely to make the difference, and in particular, the EU aquaculture and the seafood processing industry has the potential to contribute substantially to the emergence of bioeconomies (for instance through new – niche-markets for bio-based products such as algae, etc). In this particular framework, understanding how to enhance cleaner and more sustainable consumption patterns is preliminary to the transition towards more equitable and sustainable markets. The present analysis investigates the role of consumers' attitudes with respect to sustainable attributes (namely food safety and respect of the environment) in order to suggest on their potential role to catalyze the transition toward bioeconomies. Up to date, empirical investigations on this issue are limited to few markets, and studies on aquaculture are particularly scant. The gap is reduced by the present analysis: it has been implemented a survey on fish consumers to investigate how their attitudes toward food safety and environmental issues tend to influence consumption choices, and it is shown that those attitudes are important determinants of consumers choices. Put differently, a cleaner and more sustainable supply chain (i.e through a safer, and environmental friendly product) is likely to enhance consumption of oysters. To the extent that policy makers, producers, and taxpayers are interested in enhancing sustainable bioeconomies, understanding the relevance of attitudes toward food safety and environmental sustainability is an important and pressing goal. The analysis, novel in its application to a high quality product, speaks in this direction and will help understanding how to accelerate the transition to sustainable bioeconomies.

Certification Labels Versus Convenience Formats: What Drives the Market in Aquaculture Products

A priority for the new Common Fishery Policy will be to enhance the competitiveness of EU aquacul... more A priority for the new Common Fishery Policy will be to enhance the competitiveness of EU aquaculture in compliance with high standards of consumer protection, animal welfare, and environmental sustainability. Consumer expectations in relation to food quality present new business opportunities for EU aquaculture producers who are willing to differentiate their products. In particular, new convenience formats and certification labels are likely to influence consumer choices. This study uses the choice experiment method to investigate consumer preferences and willingness to pay for new convenient formats and certification labels for oysters. Cross-sectional data were collected through a web-based consumer survey carried out in Italy in 2015. The main result of the study is that certification labels are decisively more effective than new convenient preparation formats to differentiate high-quality products. However, some heterogeneity was detected in consumer preferences.

Santeramo Ramsey 2017 Euro Choices

by Austin Ramsey and Fabio Gaetano Santeramo

Crop insurance is an important risk management tool for agricultural producers and is becoming in... more Crop insurance is an important risk management tool for agricultural producers and is becoming increasingly significant as an instrument of agricultural policy. Revisions to the Common Agricultural Policy support the subsidisation of crop insurance premiums by EU Member States (Art. 37 of EU Reg. 1305/2013). There is fervent debate on how interventions in insurance markets should be planned in order to effectively promote participation in the programmes. Two key questions remain: will the benefits from a European crop insurance scheme outweigh the costs? How could such a scheme be designed?

The synergies of the Italian wine and tourism sectors

Italy is a worldwide known destination for tourism. In the Italian food industry, wine is a major... more Italy is a worldwide known destination for tourism. In the Italian food industry, wine is a major sector. We analyse the synergic relations between the domestic tourism in Italy and wine industry exploring data on flows of domestic tourism among the Italian regions and key indicators for the wine industry. The region of origin of tourists is a determining factor in the choice of destination; we also highlight the role of customer loyalty. The political implications are relevant: institutions and political actors could exploit the synergies between the tourism and the wine industries by promoting excellence in wine. & 2017 UniCeSV, University of Florence. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

Spatial price dynamics in the EU F&V sector: the cases of tomato and cauliflower

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analys... more The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold autoregressive econometric specification that is shown capable to underline the asymmetries in inter-Countries price transmission. The model shows that that horizontal price transmissions among net producer and net consumer markets is asymmetric and how such characteristic differs for markets closer to production areas or to consumption locations. This paper allowed to assess the average elapsing time for shocks to be transmitted among spatially separated markets, and, in particular, it shows the speed of transmission of price raises and price falls.

The Price Stabilisation Effects of the EU import regime of fruit and vegetables: the case of tomatoes

The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetabl... more The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system. The analysis is carried out on the EU prices of tomatoes and those of imports from Morocco, the main competing country on the EU domestic markets. It is based on the estimation of a threshold vector autoregressive econometric model that is shown capable of taking the workings of the import regime into account. The model shows that when prices of tomato imports are below the trigger entry prices the EU tomato market becomes isolated. However, the contribution of the import regime on price stabilization is rather limited. Since tomato imports from Morocco are granted zero tariff if their price is higher than the trigger entry price within a yearly quota that is completely filled, the largest contribution to market stabilization may well come from the size of the quota.

Spatial price dynamics in the EU F&V sector: the cases of tomato and cauliflower

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analys... more The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold autoregressive econometric specification that is shown capable to underline the asymmetries in inter-Countries price transmission. The model shows that that horizontal price transmissions among net producer and net consumer markets is asymmetric and how such characteristic differs for markets closer to production areas or to consumption locations. This paper allowed to assess the average elapsing time for shocks to be transmitted among spatially separated markets, and, in particular, it shows the speed of transmission of price raises and price falls.

The entry price threshold in EU F&V sector: deterrence or effective barrier

The paper investigates the effects of the entry price scheme for fresh fruit and vegetables. The ... more The paper investigates the effects of the entry price scheme for fresh fruit and vegetables. The analysis is conducted on the EU prices of tomatoes, lemons and apples for some of the main competing countries on the EU domestic markets: Morocco, Argentina, Turkey and China. The econometric analysis is based on testing and estimating a switching vector autoregressive model with endogenous threshold entry price level. The model shows the isolation effects and the accumulation of SIVs above the trigger entry price. This paper contributes to clarify the role played by the EPS in avoid or deter low priced imports from main EU partner Countries.

Effects of political-economic integration and trade liberalization on exports of Italian Quality Wines Produced in Determined Regions (QWPDR

The aim of this work is to explain the magnitude of the trade flows for high quality wine from It... more The aim of this work is to explain the magnitude of the trade flows for high quality wine from Italy to its main importing countries. This objective has been reached by establishing an appropriate econometric model derived from an extended form of the "Gravity Model". This model has been broadly applied to the analysis of international trade because it provides robust estimates.

Santeramo Searle EP

Energy Policy

The Effects of Non-tariff Measures on Agri-food Trade: A Review and Meta-analysis of Empirical Evidence

by Fabio Gaetano Santeramo and Emilia Lamonaca

Journal of Agricultural Economics, 2019

The increasing policy interest and academic debates on non-tariff measures (NTMs) has stimulated ... more The increasing policy interest and academic debates on non-tariff measures (NTMs) has stimulated a growing literature on how NTMs affect agri-food trade. The empirical literature provides contrasting and heterogeneous evidence, with some studies supporting the 'standards as catalysts' view, and others favouring the 'standards as barriers' explanation. To the extent that NTMs can influence trade, understanding the prevailing effect, and the motivations behind one effect or the other, is a pressing issue. We review a large body of empirical evidence on the effect of NTMs on agri-food trade and conduct a meta-analysis to disentangle potential determinants of heterogeneity in estimates. Our findings show the role played by the publication process and by study-specific assumptions. Some characteristics of the studies are correlated with positive significant estimates, others covary with negative significant estimates. Overall, we found that the effects of NTMs vary across types of NTM, proxies used for NTMs, and levels of detail of studies. The estimated effects are also influenced by methodological issues and publication processes.

I learn, your learn, We Gain: Experience in Crop Insurance Markets

Applied Economic Perspectives Policy, 2019

The relevance and the impact of experience in insurance markets are underinvestigated. From Itali... more The relevance and the impact of experience in insurance markets are underinvestigated. From Italian farm-level data we estimate a dynamic discrete-choice model of participation to investigate the role of experience. The methodology, coupled with exploratory analysis, allows one to compare how different sources of experience influence the crop insurance decision making process. We found that direct experience is a catalyst for insurance participation for medium and large farms. The experience indirectly acquired is also relevant, especially for small farms. Policy implications include the importance of information campaigns and of bolstering uptake to exploit the advantages of the inertia and spillover effects that emerge from experience.

Imperfect information and participation in insurance markets: evidence from Italy

The price stabilization effects of the EU entry price scheme for fruit and vegetables

The article assesses the stabilization effects of the EU import regime for fresh fruit and vegeta... more The article assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system (EPS). The analysis is carried out on the EU prices of tomatoes and lemons and those of imports from some of the main competing countries on the EU domestic markets: Morocco, Argentina, and Turkey. It is based on the estimation of a threshold vector autoregressive econometric model that is shown capable of taking the workings of the import regime into account. The model shows that prices behave differently when import prices are above/below the trigger entry price. This article allowed to highlight the cases for which the isolation effect of EPS seems reached and the resulting stabilization effects.

The entry price threshold in EU agriculture: Deterrent or barrier

The paper investigates the effects of the entry price scheme (EPS) for a specific sector of agric... more The paper investigates the effects of the entry price scheme (EPS) for a specific sector of agriculture: fresh fruit and vegetables. The analysis is conducted on the EU prices of tomatoes, lemons and apples for some of the main competing countries on the EU domestic markets: Morocco, Argentina, Turkey and China. The econometric analysis is based on testing and estimating a switching vector autoregressive model with endogenous threshold entry price level. The model shows the isolation effects and the accumulation of Standard Import Values (SIVs) above the trigger entry price. This paper contributes to clarify the role played by the EPS in avoiding or deterring low priced imports from main EU partner countries.

Food Reviews International On the Composite Indicators for Food Security: Decisions Matter

During the past decades, there has been much debate on food security. A variety of indicators hav... more During the past decades, there has been much debate on food security. A variety of indicators have been proposed in order to establish which countries are in need of improved food security status. The heterogeneity of existing indicators and the lack of consensus on how to compare and rank countries have motivated international organizations to build composite indexes to synthesize the information. The process of building composite indexes involves multiple choices that influence the outcome. This analysis aims at understanding how relevant and discretional may be the analyst's choice of algorithms to compute composite indexes for food security. To this extent, we have computed several composite indexes for food security by using data provided by the Food and Agriculture Organization, which includes a large set of proxies for food security, as emerged from the Committee on World Food Security Round Table. We compare different methods to impute, homogenize, weight, and aggregate data, in order to compute composite indexes and show how relevant are the choices to be made. We show that normalization and weighting are not very crucial decisions, whereas special attention has to be paid in choosing the data imputation and aggregation methods. By commenting on the implications that different measurement choices may have in terms of global index, we show that the index construction decisions matter.

Price Transmission in the European Tomatoes and Cauliflowers Sectors

The paper explores the characteristics of spatial price movements for fresh vegetables. The analy... more The paper explores the characteristics of spatial price movements for fresh vegetables. The analysis is conducted on tomato and cauliflower prices collected on main production and consumption European markets. We estimate an asymmetric threshold autoregressive econometric model and provide estimates of transaction costs and speeds of price transmission among spatially separated markets. We assess the average elapsing time for the transmission of price shocks. In eight of ten cases we found that spatial price transmissions is not symmetric. Moreover in most cases we conclude that tomato and cauliflower markets are not efficient. We convey interesting policy considerations for the fresh vegetables sectors. [JEL

Tourism Planning & Development On the demand for agritourism: a cursory review of methodologies and practice: On the demand for agritourism: a cursory review of methodologies and practice, Tourism Planning & Development

During the last decades agritourism has expanded tremendously worldwide given visitors' increased... more During the last decades agritourism has expanded tremendously worldwide given visitors' increased interest to appreciate the life in the countryside and farmers' need to enhance their revenues from different economic activities. Despite such enlarged agritourism development, scant information is available on the state of its demand at both national and international levels. Given such a need, we cursorily reviewed the range of econometric methods employed to evaluate the demand of agritourism, summarizing the salient findings in their application. Our assessment shows that current studies provide a limited characterization of the agritourism demand, especially in terms of methods utilized and information compiled. We suggest that a broader set of economic approaches are needed to control for existing bias and model flaws, and to isolate the features and amenities pulling visitors to agritourism destinations. We also suggest expanding economic studies to fully capture the impact of increased agritourism demand in surrounding communities.

Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme

The factors affecting the demand for agricultural insurance in the USA have been extensively stud... more The factors affecting the demand for agricultural insurance in the USA have been extensively studied over the last two decades. However, the determinants of a farm's entry and exit decisions in the insurance market have received relatively little attention. Turnover in the insurance book of business is an important issue in most private and public crop insurance plans. Moreover, insurance markets in the EU are still largely under-investigated. We investigate empirically the determinants of crop insurance participation in Italy. We show that the participation rate is high for large firms and that it is negatively correlated with crop diversification, which is itself a form of insurance. High premiums tend to inhibit both entry and exit from the insurance market. Larger and wealthier farms are more likely to adopt insurance and renew coverage over time. We discuss implications of our results for public intervention and the private industry. In particular, we demonstrate that the decision to drop coverage by an insured grower may differ significantly from the corresponding decision to enroll in an insurance programme by an uninsured farmer. To the extent that policymakers want to encourage participation in subsidized crop insurance programmes, education and outreach efforts toward uninsured farmers may differ substantially from those directed toward keeping insured farmers enrolled in the programme. We investigate these differences.

On perishability and Vertical Price Transmission: empirical evidences from Italy

Studies on the causes for asymmetries in vertical price transmission date back to decades ago, bu... more Studies on the causes for asymmetries in vertical price transmission date back to decades ago, but the attention of theorists and empirical economists is still vivid. In particular the role of perishability is not fully defined. We investigate the vertical price transmission for a heterogeneous group of fruits and vegetables that differ for their degree of perishability. The error correction model we estimate allows to conclude that asymmetries in vertical price transmission tend to vanish for perishable products.

On consumption patterns in oyster markets: The role of attitudes

A B S T R A C T Achieving a low-carbon and sustainable economy is a long-term goal that EU aims a... more A B S T R A C T Achieving a low-carbon and sustainable economy is a long-term goal that EU aims at achieving in the next few decades: the potential role of bioeconomy is likely to make the difference, and in particular, the EU aquaculture and the seafood processing industry has the potential to contribute substantially to the emergence of bioeconomies (for instance through new – niche-markets for bio-based products such as algae, etc). In this particular framework, understanding how to enhance cleaner and more sustainable consumption patterns is preliminary to the transition towards more equitable and sustainable markets. The present analysis investigates the role of consumers' attitudes with respect to sustainable attributes (namely food safety and respect of the environment) in order to suggest on their potential role to catalyze the transition toward bioeconomies. Up to date, empirical investigations on this issue are limited to few markets, and studies on aquaculture are particularly scant. The gap is reduced by the present analysis: it has been implemented a survey on fish consumers to investigate how their attitudes toward food safety and environmental issues tend to influence consumption choices, and it is shown that those attitudes are important determinants of consumers choices. Put differently, a cleaner and more sustainable supply chain (i.e through a safer, and environmental friendly product) is likely to enhance consumption of oysters. To the extent that policy makers, producers, and taxpayers are interested in enhancing sustainable bioeconomies, understanding the relevance of attitudes toward food safety and environmental sustainability is an important and pressing goal. The analysis, novel in its application to a high quality product, speaks in this direction and will help understanding how to accelerate the transition to sustainable bioeconomies.

Certification Labels Versus Convenience Formats: What Drives the Market in Aquaculture Products

A priority for the new Common Fishery Policy will be to enhance the competitiveness of EU aquacul... more A priority for the new Common Fishery Policy will be to enhance the competitiveness of EU aquaculture in compliance with high standards of consumer protection, animal welfare, and environmental sustainability. Consumer expectations in relation to food quality present new business opportunities for EU aquaculture producers who are willing to differentiate their products. In particular, new convenience formats and certification labels are likely to influence consumer choices. This study uses the choice experiment method to investigate consumer preferences and willingness to pay for new convenient formats and certification labels for oysters. Cross-sectional data were collected through a web-based consumer survey carried out in Italy in 2015. The main result of the study is that certification labels are decisively more effective than new convenient preparation formats to differentiate high-quality products. However, some heterogeneity was detected in consumer preferences.

Santeramo Ramsey 2017 Euro Choices

by Austin Ramsey and Fabio Gaetano Santeramo

Crop insurance is an important risk management tool for agricultural producers and is becoming in... more Crop insurance is an important risk management tool for agricultural producers and is becoming increasingly significant as an instrument of agricultural policy. Revisions to the Common Agricultural Policy support the subsidisation of crop insurance premiums by EU Member States (Art. 37 of EU Reg. 1305/2013). There is fervent debate on how interventions in insurance markets should be planned in order to effectively promote participation in the programmes. Two key questions remain: will the benefits from a European crop insurance scheme outweigh the costs? How could such a scheme be designed?

The synergies of the Italian wine and tourism sectors

Italy is a worldwide known destination for tourism. In the Italian food industry, wine is a major... more Italy is a worldwide known destination for tourism. In the Italian food industry, wine is a major sector. We analyse the synergic relations between the domestic tourism in Italy and wine industry exploring data on flows of domestic tourism among the Italian regions and key indicators for the wine industry. The region of origin of tourists is a determining factor in the choice of destination; we also highlight the role of customer loyalty. The political implications are relevant: institutions and political actors could exploit the synergies between the tourism and the wine industries by promoting excellence in wine. & 2017 UniCeSV, University of Florence. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

Spatial price dynamics in the EU F&V sector: the cases of tomato and cauliflower

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analys... more The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold autoregressive econometric specification that is shown capable to underline the asymmetries in inter-Countries price transmission. The model shows that that horizontal price transmissions among net producer and net consumer markets is asymmetric and how such characteristic differs for markets closer to production areas or to consumption locations. This paper allowed to assess the average elapsing time for shocks to be transmitted among spatially separated markets, and, in particular, it shows the speed of transmission of price raises and price falls.

The Price Stabilisation Effects of the EU import regime of fruit and vegetables: the case of tomatoes

The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetabl... more The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system. The analysis is carried out on the EU prices of tomatoes and those of imports from Morocco, the main competing country on the EU domestic markets. It is based on the estimation of a threshold vector autoregressive econometric model that is shown capable of taking the workings of the import regime into account. The model shows that when prices of tomato imports are below the trigger entry prices the EU tomato market becomes isolated. However, the contribution of the import regime on price stabilization is rather limited. Since tomato imports from Morocco are granted zero tariff if their price is higher than the trigger entry price within a yearly quota that is completely filled, the largest contribution to market stabilization may well come from the size of the quota.

Spatial price dynamics in the EU F&V sector: the cases of tomato and cauliflower

The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analys... more The paper explores the characteristics of spatial price dynamics for fresh vegetables. The analysis is carried out on selected EU prices for tomatoes and cauliflowers collected on some of the main production and consumption markets. It is based on the estimation of an time-varying threshold autoregressive econometric specification that is shown capable to underline the asymmetries in inter-Countries price transmission. The model shows that that horizontal price transmissions among net producer and net consumer markets is asymmetric and how such characteristic differs for markets closer to production areas or to consumption locations. This paper allowed to assess the average elapsing time for shocks to be transmitted among spatially separated markets, and, in particular, it shows the speed of transmission of price raises and price falls.

The entry price threshold in EU F&V sector: deterrence or effective barrier

The paper investigates the effects of the entry price scheme for fresh fruit and vegetables. The ... more The paper investigates the effects of the entry price scheme for fresh fruit and vegetables. The analysis is conducted on the EU prices of tomatoes, lemons and apples for some of the main competing countries on the EU domestic markets: Morocco, Argentina, Turkey and China. The econometric analysis is based on testing and estimating a switching vector autoregressive model with endogenous threshold entry price level. The model shows the isolation effects and the accumulation of SIVs above the trigger entry price. This paper contributes to clarify the role played by the EPS in avoid or deter low priced imports from main EU partner Countries.

Effects of political-economic integration and trade liberalization on exports of Italian Quality Wines Produced in Determined Regions (QWPDR

The aim of this work is to explain the magnitude of the trade flows for high quality wine from It... more The aim of this work is to explain the magnitude of the trade flows for high quality wine from Italy to its main importing countries. This objective has been reached by establishing an appropriate econometric model derived from an extended form of the "Gravity Model". This model has been broadly applied to the analysis of international trade because it provides robust estimates.