Tim Lloyd

Professor Tim Lloyd

  • Professor Of Economics
  • Executive Business Centre EB409, Bournemouth University, 89 Holdenhurst Road, Bournemouth, BH8 8EB
UN SDGs:
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Biography

Tim Lloyd is Professor of Economics in the Business School. He was appointed in July 2015 having previously been Associate Professor in the School of Economics at the University of Nottingham. Professor Lloyd’s research interests lie in the fields of agricultural and food economics, particularly pricing, diet and health and competition in the food industry.

Recent work, funded by both the European Commission and the UK’s Department of Environment, Food and Rural Affairs (DEFRA) has focused on the transmission of prices through the food chain and food price inflation in the UK and other Member States. Much of this work involves the econometric analysis of high frequency data from commodity markets and supermarket barcode scanners. He is currently collaborating in projects with researchers at the Universities of Exeter, Sheffield, Southampton and Liverpool-Xi'an Jiaotong in China.

Professor Lloyd serves on DEFRA’s Economics Advisory Panel, the Executive Committee of the Agricultural Economics Society (AES) and the European Agricultural and Applied Economics Publications (EAAEP) Foundation...

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Research

My research interests lie primarily in the fields of agricultural and food economics and applied econometrics. My current work focuses on the concepts and empirical analysis of issues relevant to the UK food chain, namely, price transmission, food inflation and the links between food and health. The work often analyses retail scanner data, and current projects involve collaboration with colleagues at Exeter (McCorriston and Lin), Liverpool Xi'an Jiaotong (Lan) and Southampton (Smith and Alwan). These projects have attracted funding from an EU Framework 7 programme grant (2011-2013), the Department of Environment, Food and Rural Affairs (2011; 2017-2019) and National Institute for Health and Medical Research (2021-2023). I am also collaborating on a project on food scares and risk using behavioural economics (Starmer and Masters at Nottingham and Manchester respectively). At BU I have recently joined the Business School's Centre for Sustainable and Socially Responsible Consumption and have worked closely with Disegna (now at Padua, Italy) and two former PhD students on food and health.

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Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person's work contributes towards the following SDGs:

Zero hunger

"End hunger, achieve food security and improved nutrition and promote sustainable agriculture"

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Good health and well-being

"Ensure healthy lives and promote well-being for all at all ages"

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Reduced inequalities

"Reduce inequality within and among countries"

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Responsible consumption and production

"Ensure sustainable consumption and production patterns"

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Journal Articles

  • Acosta, A., Lloyd, T., McCorriston, S. and Lan, H., 2023. The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market. Preventive Veterinary Medicine, 215.
  • Le, T.H., Disegna, M. and Lloyd, T., 2023. National Food Consumption Patterns: Converging Trends and the Implications for Health. EuroChoices, 22 (1), 66-73.
  • Lan, H., Lloyd, T.A., McCorriston, S. and Morgan, C.W., 2022. Retailer heterogeneity and price transmission. American Journal of Agricultural Economics, 104 (5), 1679-1700.
  • Lan, H., Lloyd, T., Morgan, W. and Dobson, P.W., 2022. Are food price promotions predictable? The hazard function of supermarket discounts. Journal of Agricultural Economics.
  • Lin, H., Lloyd, T. and McCorriston, S., 2021. An Odd Crisis: Covid-19 and UK Food Prices. EuroChoices, 19 (3), 42-48.
  • Chatziantoniou, I., Degiannakis, S., Filis, G. and Lloyd, T., 2020. Oil price volatility is effective in predicting food price volatility. Or is it? Energy Journal, 42 (6), 1-24.
  • Kinnucan, H.W. and Lloyd, T., 2019. Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects: Comment. Journal of Agricultural Economics, 70 (3), 874-879.
  • Bwire, T., Lloyd, T. and Morrissey, O., 2017. Fiscal Reforms and the Fiscal Effects of Aid in Uganda. Journal of Development Studies, 53 (7), 1019-1036.
  • Lloyd, T., 2017. Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects. Journal of Agricultural Economics, 68 (1), 3-21.
  • Davidson, J., Halunga, A., Lloyd, T., McCorriston, S. and Morgan, W., 2016. World Commodity Prices and Domestic Retail Food Price Inflation: Some Insights from the UK. Journal of Agricultural Economics, 67 (3), 566-583.
  • Lan, H., Lloyd, T. and Morgan, C.W., 2015. Supermarket Promotions and Food Prices: A Note. Journal of Agricultural Economics, 66 (2), 555-562.
  • Lloyd, T.A., McCorriston, S., Morgan, C.W., Poen, E. and Zgovu, E., 2014. Retail price dynamics and retailer heterogeneity: UK evidence. Economics Letters, 124 (3), 434-438.
  • Bleaney, M., Lee, H.A. and Lloyd, T., 2013. Testing the trilemma: Exchange rate regimes, capital mobility, and monetary independence. Oxford Economic Papers, 65 (4), 876-897.
  • Khalid, H., Lloyd, T.A. and Morgan, C.W., 2013. The impact of economic transformation and the credibility of planning control on agricultural land values. German Journal of Agricultural Economics, 62 (2), 134-145.
  • Lloyd, T., Mccorriston, S., Morgan, W. and Zgovu, E., 2013. European retail food price inflation. EuroChoices, 12 (2), 37-44.
  • Lloyd, T., 2013. Retail Food Prices: Insights from Supermarket Scanner Data. Transactions of the Manchester Statistical Society, 31-46.
  • Lloyd, T., Mccorriston, S., Morgan, W., Rayner, A. and Weldegebriel, H., 2009. Buyer power in U.K. food retailing: A 'first-pass' test. Journal of Agricultural and Food Industrial Organization, 7 (1).
  • Lloyd, T. and Morgan, W., 2007. Market power in UK food retailing. EuroChoices, 6 (3), 22-29.
  • Lloyd, T.A., McCorriston, S., Morgan, C.W. and Rayner, A.J., 2006. Food scares, market power and price transmission: The UK BSE crisis. European Review of Agricultural Economics, 33 (2), 119-147.
  • Osei, R., Morrissey, O. and Lloyd, T., 2005. The fiscal effects of aid in Ghana. Journal of International Development, 17 (8), 1037-1053.
  • Lloyd, T., 2005. Report of the managing editor. Journal of Agricultural Economics, 56 (1), 169-173.
  • Osei, R., Morrissey, O. and Lloyd, T., 2004. The nature of aid and trade relationships. European Journal of Development Research, 16 (2), 354-374.
  • Lloyd, T., McCorriston, S., Morgan, C.W. and Rayner, A.J., 2001. The impact of food scares on price adjustment in the UK beef market. Agricultural Economics, 25 (2-3), 347-357.
  • Gemmell, N., Lloyd, T.A. and Mathew, M., 2000. Agricultural growth and inter-sectoral linkages in a developing economy. Journal of Agricultural Economics, 51 (3), 353-370.
  • Lloyd, T., McGillivray, M., Morrissey, O. and Osei, R., 2000. Does aid create trade? An investigation for european donors and african recipients. European Journal of Development Research, 12 (1), 107-123.
  • Lloyd, T.A., Morgan, C.W., Rayner, A.J. and Vaillant, C., 1999. The transmission of world agricultural prices in côte d'ivoire. Journal of International Trade and Economic Development, 8 (1), 125-141.
  • Lloyd, T., Morrissey, O. and Reed, G., 1998. Estimating the impact of anti-dumping and anti-cartel actions using intervention analysis. Economic Journal, 108 (447), 458-476.
  • Watkins, C., Williams, D. and Lloyd, T., 1996. Constraints on farm woodland planting in England: A study of Nottinghamshire farmers. Forestry, 69 (2), 166-176.
  • Lloyd, T., Watkins, C. and Williams, D., 1995. TURNING FARMERS INTO FORESTERS VIA MARKET LIBERALISATION. Journal of Agricultural Economics, 46 (3), 361-370.
  • Leybourne, S.Y., Lloyd, T.A. and Reed, G.V., 1994. The excess comovement of commodity prices revisited. World Development, 22 (11), 1747-1758.
  • Lloyd, T., 1994. PRACTITIONERS' CORNER: Testing a Present Value Model of Agricultural Land Values. Oxford Bulletin of Economics and Statistics, 56 (2), 209-223.
  • Lloyd, T.A., 1993. OUTLIERS IN AGRICULTURE: AN INTERVENTION ANALYSIS OF AGRICULTURAL LAND VALUES. Journal of Agricultural Economics, 44 (3), 443-455.
  • Lloyd, T.A. and Rayner, A.J., 1993. CO‐INTEGRATION ANALYSIS AND THE DETERMINANTS OF LAND PRICES: COMMENT. Journal of Agricultural Economics, 44 (1), 149-156.
  • Lloyd, T.A., Rayner, A.J. and Orme, C.D., 1991. Present-value models of land prices in England and Wales. European Review of Agricultural Economics, 18 (2), 141-166.
  • Lloyd, T.A. and Rayner, A.J., 1990. Land Prices, Rents and Inflation: A Cointegration Analysis. Oxford Agrarian Studies, 18 (2), 97-111.

Books

Chapters

  • Lloyd, T., McCorriston, S. and Morgan, W., 2016. Has Price Volatility Increased and Does it Vary across Commodities? (RPV 0029). House of Lords. European Union Committee. 15th Report of Session 2015–16. Responding to price volatility: creating a more resilient agricultural sector.. London: House of Lords.
  • Lloyd, T., Lloyd, McCorriston, S. and Morgan, C.W., 2015. Food Inflation in the EU: Contrasting Experience and Recent Insights. Food Price Dynamics and Price Adjustment in the EU. Oxford: Oxford University Press, 20-50.
  • Lloyd, T., Morrissey, O., Opuku-Afari, M. and McGillivray, M., 2008. Fiscal Effects of Aid in Developing Countries: A Comparative Dynamic Analysis. In: Mavrotas, G., ed. Development Aid: A Fresh Look. Palgrave-Macmillan.
  • Morrissey, O., M’amanja, D. and Lloyd, T., 2006. Aid and growth in Kenya: A time series approach. 313-332.
  • Lloyd, T., Morgan, C. and McCorriston, S., 2003. How Do markets Respond to Food Scares? Health, Nutrition and Food Demand. CABI.
  • Lloyd, T., Rayner, A., Hine, R., Ackrill, R. and Smith, V., 1999. Rayner, A.J., Hine, R.C., Lloyd, T.A., Smith, V. and Ackrill, R. (1999) “European Agricultural Policy Under GATT” in Antle, J. and Smith V. (eds) The Economics of World Wheat Markets CABI Publishing :Wallingford. The economics of world wheat markets. CABI.
  • Lloyd, T., Leybourne, S., Greenaway, D. and Reed, G., 1999. The Excess Co-movement of Commodity Prices Revisited. In: Morgan, C., ed. The Economics of Commodity Markets. Edward Elgar.
  • Lloyd, T. and Watkins, C., 1996. Farmers' Attitudes to Woodland Planting Grants and the Potential Effects of New Forestry Incentives. In: Curry, N. and Owen, S., eds. Changing Rural Policy in Britain. Countryside and Community Press.

Conferences

  • Lloyd, T., Lin, H. and McCorriston, S., 2023. Weather Shocks and Supply Chains. In: European Association of Agricultural Economists 28 August-2 September 2023 Rennes, France.
  • Lloyd, T., Bebber, D., Lin, H., McCorriston, S. and Varma, V., 2022. Anomalous Weather, Prices and the ‘Missing Middle’. In: Agricultural Economics Society 2 May-5 January 2022 Leuven, Belgium.
  • Lloyd, T., Lan, H., McCorriston, S. and Morgan, C.W., 2018. Price transmission at the micro-level What accounts for the heterogeneity? In: International Conference of Agricultural Economists 31 July-3 August 2018 Vancouver, Canada.
  • Filis, G., Degiannakis, S., Lloyd, T. and Yarlik, M., 2018. Forecasting oil price volatility: The role of Mixed-Frequency-Data (MIDAS) model. In: 41st IAEE International Conference 10-13 June 2018 Groningen, Netherlands.
  • Yarlik, M., Filis, G., Degiannakis, S. and Lloyd, T., 2018. Forecasting oil price volatility: The role of Mixed-Frequency-Data (MIDAS) model. In: 6th International Symposium on Energy and Finance Issues 24-25 May 2018 Paris, France.
  • Lloyd, T., Lan, H., McCorriston, S. and Morgan. C.W., 2017. Price transmission at the micro-level: what accounts for the heterogeneity? In: Europena Association of Agricultural Economists 29-2 September 2017 Parma, Italy.
  • Lloyd, T., McCorriston, S. and Morgan, C.W., 2015. Dynamics of Food Price Inflation Across the EU. In: International Conference of Agricultural Economists 8-14 August 2015 Milan, Italy.

Reports

Others

PhD Students

  • Olivia Placzek, 2022. Supermarket Promotions, Obesity and Food Demand, (In progress)
  • Peter Howard-Jones, 2019. The Influence of the Washington Consensus Programme on the Transitional Economies of Eastern Europe, (Completed)
  • Hong Thai Le, 2021. Globalisation, Diet and Health, (Completed)
  • Mehmet Yarlik, 2022. Forecasting Oil Price Volatility: The Role of New Approaches, (On hold)

Profile of Teaching PG

  • MSc Dissertations

Profile of Teaching UG

  • Econometric Technqiues
  • Undergraduate Dissertations
  • Introductory Mathematics for Economic Analysis

Invited Lectures

  • Price Transmission and Market Power, Rome, 11 Jun 2021 more
  • Retail bargaining Power in the Food Supply Chain, Universita di Parma, Italy, 01 Sep 2017 more
  • ‘So you think you know the price of a loaf?, Executive Business Centre, Bournemouth University, 05 Dec 2016 more
  • Price Transmission in the Food Industry, University of Warwick, 05 Apr 2016 more
  • Resonding to Agricultural Price Volatility, House of Lords, Houses of Parliament, Westminster, 09 Dec 2015 more
  • The Food Chain and Consumers, OECD, Paris, 13 Oct 2015 more
  • Retail Pricing Strategies, University of Milan, 18 Aug 2015 more

Grants

  • Development and Expansion of Existing Food Price Modelling System (Department for Environment, Food and Rural Affairs, 04 Dec 2023). Awarded
  • Wessex DIET: Determining the Impact of food insEcurity in young families and Testing interventions (National Institute of Health and Medical Research, 21 Oct 2021). Awarded
  • The Direct and Indirect Economic Effects of HPAI Outbreaks: Who Should Pay? (Food and Agriculture Organisation (FAO) of the United Nations, 01 Jul 2019). In Progress
  • Development of Food and Health Economics Honeycomb. (QR Funding (BU), 01 Feb 2019). Completed
  • Capital Markets, Emerging Economies and Commodities (CMEEC) Cluster (Bournemouth University QR Funding, 09 Apr 2018). In Progress
  • Upgrading Stata Licenses (Bournemouth University, QR Funding, 09 Apr 2018). Awarded
  • Seeking a Better Understanding of Food Price Transmission: Modelling Retail Food Price Inflation (Department of Environment, Food and Rural Affairs, 02 Oct 2017). Awarded
  • Globalisation, Diet and Health (Bournemouth University, 25 Sep 2017). Awarded
  • Oil and food price volatility: An empirical investigation based on ultra-high frequency data (Bournemouth University (QR Funding), 02 Jan 2017). In Progress
  • Supermarket Promotions, Obesity and Food Demand (Scotland's Rural College and Bournemouth University, 19 Sep 2016). In Progress
  • Transparency of Food Pricing (TRANSFOP) (European Commission, 01 Jan 2011). Completed
  • Determining the Causes of Food Price Inflation in the UK and Forecasting Future Levels (Department of Agriculture, Food and Rural Affairs, 01 Feb 2010). Completed

External Responsibilities

  • Nottingham Trent University, External Assessor (2024-2028)
  • Research Excellence Framework 2021, UoA 16: Economics and EconometricsSub Panel member (2020-2022), https://www.ref.ac.uk/
  • Department of Environment, Food and Rural Affairs (DEFRA), Academic Advisor (2020-2022)
  • University of Sheffield, External Examiner, Department of Economics (2017-2020)
  • University of Reading, External Examiner (PhD) (2017-)
  • European Agricultural and Applied Economics Publications (EAAEP) Foundation, Executive Committee Member (2017-2023), http://www.eaaep.org/
  • University of Bath, Department of Economics, External Examiner, PhD, (2016-)
  • Agriculture and Horticulture Development Board, Acadmic Member, Industry Volatility Forum (2016-), http://www.ahdb.org.uk/projects/default.aspx
  • Agricultural Economics Society, External Editor (2013-), http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1477-9552; Journal of Agricultural Economics
  • Agricultural Economics Society, Executive Committee Member (2013-), http://www.aes.ac.uk/; Journal of Agricultural Economics adn EuroChoices

Internal Responsibilities

  • Co-Chair, REF UoA17
  • Output Champion, REF2021 UoA17 Committee
  • UoA 17 Member, REF Outputs Sub-Committee
  • Transfer Examiner, Bournemouth University
  • PhD Examiner, Bournemouth University
  • Lead, Food and Health Economics Honeycomb, Food and Health Economics Honeycomb
  • Member, Professoriate Member of Faculty of Mangement, Senate
  • Collegiate Peer Review Participant, Faculty of Management Collegiate Peer Review
  • PhD Transfer Examiner, PhD Transfer Viva
  • PhD Transfer Examiner, PhD Transfer Viva
  • PhD Transfer Examiner, Faculty of Management
  • PhD Transfer Examiner, Faculty of Management

Journal Reviewing/Refereeing

  • PLoS One, Anonymous peer review, 29 Jan 2020
  • International Food and Agribusiness Management Review, 22 Aug 2019
  • Agribusiness, 10 Jun 2019
  • American Journal of Agricultural Economics, Anonymous peer review, 03 Feb 2019
  • Energy policy, Anonymous peer review, 01 Dec 2017
  • British Food Journal, 02 Oct 2017
  • American Journal of Agricultural Economics, Anonymous peer review, 01 May 2000
  • Applied Economics, Anonymous peer review, 01 May 2000
  • Journal of Times Series Analysis, Anonymous peer review, 01 May 2000
  • Manchester School, Anonymous peer review, 01 May 2000
  • Economic Journal, 01 May 1997
  • Food Policy, Anonymous peer review, 01 May 1997
  • European Review of Agricultural Economics, Anonymous peer review, 01 May 1993
  • Journal of Agricultural Economics, Anonymous peer review, 01 May 1990

Public Engagement & Outreach Activities

  • DEFRA-AES Conference (08 Dec 2023)
  • Expert advice (10 Mar 2021)
  • Defra/Agricultural Economics Society Conference, Agricultural trade and Brexit (12 Mar 2018)
  • Invited Panelist (05 Sep 2017-12 Sep 2017)
  • AES-DEFRA Conference (14 Feb 2017)
  • Outreach activity (05 Dec 2016)
  • Presidential Newsletter (01 Jul 2016)
  • Presidential Newsletter (01 May 2016)
  • Expert Witness House of Lords Select Committee (09 Dec 2015)
  • Invited Panelist (07 Dec 2015)

Conference Presentations

  • European Association of Agricultural Economics Congress, Price Transmission and Retailer Heterogeneity, 21 Jul 2021, Prague, (Virtual)
  • Agricultural Economics Society Annual Conference, Food and Health Symposium, 14 Apr 2019, University of Warwick
  • International Conference of Agricultural Economists, Price transmission at the micro-level What accounts for the heterogeneity?, 31 Jul 2018, Vancouver
  • European Association of Agricultural Economists Triennial Conference, Food Price Transmission: What Account for the Heterogeneity?, 27 Aug 2017, Parma, Italy
  • Agricultural Economics Society Annual Conference, Conference Chairman, 23 Apr 2017, Dublin
  • Agricultural Economics Society, Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects, 04 Apr 2016, University of Warwick
  • European Association of Agricultural Economists Triennial Conference, What Factors Drive EU Food Inflation?, 17 Aug 2015, Ljubljana, Slovenia.
  • International Conference of Agricultural Economists, Dynamic of Food Inflation across the EU, 17 Aug 2015, Milan, Italy
  • International Conference of Agricultural Economists, Dynamics of Food Price Inflation Across the EU, 08 Aug 2015, Milan, Italy
  • What can we Learn from Micro Price Data?, Retail Prices and Retailer Heterogeneity, 14 Jul 2015, Cardiff Business School
  • Agricultural Economics Society Annual Conference, Common Shocks, Uncommon Effects Food Price Inflation across the EU, 13 Apr 2015, University of Warwick
  • Defra-AES One Day Conference, Food Price Transmission in Europe Econometric Analysis of European Retail Food Price Inflation, 15 Dec 2014, London
  • Agricultural Economics Society Annual Conference, Supermarket Promotions and Food Prices, 07 Apr 2014, Paris, France
  • Agricultural Economics Society Annual Conference, Commodity Shocks and Food Price Inflation across the EU, 08 Apr 2013, University of Warwick
  • Transparency of Food Pricing Project, What Dimensions of Supermarket Scanner Data Matter for Understanding the EU, 13 Mar 2013, Brussels
  • Tansparency of Food Pricing Project Annual Conference, Common shocks, uncommon effects: Food inflation in the EU, 31 Jan 2013, University of Toulouse

Attended Training

  • Appraisal/PPDP Workshop for Academic Staff, 07 Jul 2016
  • Applying for HEA Fellowship, 19 May 2016
  • New Staff Induction, 08 Jul 2015

Qualifications

  • PhD in Economics (University of Nottingham, 1992)
  • BSc (Hons) in Agricultural Economics (University of Newcastle upon Tyne, 1986)

Honours

  • Past President of Agricultural Economcis Society (Agricultural Economics Society, 2017)
  • President of the Agricultural Economics Society (2016-2017) (Agricultural Economcis Society, 2016)
  • President Elect (Agricultural Economics Society, 2015)
  • Prize Essay Competition winner (Agricultural Economics Society, 1993)

Memberships