Research Article
Food Price Inflation Rates in the Euro Zone: Distribution Dynamics and Convergence Analysis
Table 3
Markov transition probability matrices and ergodic distributions for “food”, “vegetables”, “bread and cereals”, and “meat” groups.
| | | State in period | | | | L-state | C-state | H-state |
Number of transitions |
| Food |
| Grid (), states: 3 | | | | | State in period t | L-state | 0.3246 | 0.4749 | 0.2004 | 310 | C-state | 0.2497 | 0.5106 | 0.2397 | 682 | H-state | 0.2036 | 0.4412 | 0.3552 | 247 | ergodic | 0.2570 | 0.4834 | 0.2596 | |
| Vegetables |
| Grid (), states: 3 | | | | | State in period t | L-state | 0.1589 | 0.4393 | 0.4018 | 381 | C-state | 0.2249 | 0.5469 | 0.2282 | 700 | H-state | 0.4049 | 0.4336 | 0.1615 | 256 | ergodic | 0.2541 | 0.4906 | 0.2553 | |
| Bread and cereals |
| Grid (), states: 3 | | | | | State in period t | L-state | 0.4215 | 0.4559 | 0.1226 | 269 | C-state | 0.2350 | 0.5831 | 0.1818 | 738 | H-state | 0.1435 | 0.3161 | 0.5404 | 305 | ergodic | 0.2597 | 0.4808 | 0.2595 | |
| Meat |
| Grid (), states: 3 | | | | State in period t | L-state | 0.3363 | 0.4374 | 0.2264 | 302 | C-state | 0.2493 | 0.4895 | 0.2612 | 563 | H-state | 0.2279 | 0.4338 | 0.3382 | 231 | ergodic | 0.2667 | 0.4604 | 0.2729 | |
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