Tim Lloyd

Professor Tim Lloyd

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

Tim Lloyd is Professor of Economics in the Faculty of Management. 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, Nottingham and Scotland’s Rural College in Edinburgh.

Professor Lloyd serves on DEFRA’s’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 obesity. The work often analyses retail scanner data, and current projects involve collaboration with colleagues at Exeter (McCorriston and Lin), Sheffield (Morgan) and UEA (Lan and Dobson). These projects have attracted funding from an EU Framework 7 programme grant (2011-2013) and the Department of Environment, Food and Rural Affairs (2011; 2017-2019). I am also collaborating on projects on food scares and risk using behavioural economics (Starmer and Masters at Nottingham and Manchester respectively) and the price effects of animal disease pandemics (with McCorriston, Exeter) for the Food and Agriculture Organisation of the United Nations. At BU I work closely with Disegna and two PhD students on food and health and have recently initiated a collaboration with Hartwell (a nutritionist at BU) on out of home eating and food waste.

Favourites

Journal Articles

  • Le, T.H., Disegna, M. and Lloyd, T., 2020. National Food Consumption Patterns: Converging Trends and the Implications for Health. EuroChoices.
  • 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.
  • 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. 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., 1993. OUTLIERS IN AGRICULTURE: AN INTERVENTION ANALYSIS OF AGRICULTURAL LAND VALUES. Journal of Agricultural Economics, 44 (3), 443-455.
  • 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. and Opuku-Afari, M., 2008. Fiscal Effects of Aid in Developing Countries: A Comparative Dynamic Analysis. In: Mavrotas, G. and McGillivray, M., eds. 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. and Reed, G., 1999. The Excess Co-movement of Commodity Prices Revisited. In: Greenaway, D. and Morgan, C., eds. 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

  • 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

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

Profile of Teaching PG

  • MSc Dissertations
  • Financial Econometrics

Profile of Teaching UG

  • Mathematics for Economists
  • Econometric Technqiues
  • Basic Statistical Techniques
  • Undergraduate Dissertations

Invited Lectures

  • 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

  • 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

  • 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

  • PhD Transfer Examiner, Faculty of Management
  • PhD Transfer Examiner, Faculty of Management
  • PhD Transfer Examiner, PhD Transfer Viva
  • PhD Transfer Examiner, PhD Transfer Viva
  • Collegiate Peer Review Participant, Faculty of Management Collegiate Peer Review
  • Member, Professoriate Member of Faculty of Mangement, Senate
  • Lead, Food and Health Economics Honeycomb, Food and Health Economics Honeycomb
  • PhD Examiner, Bournemouth University
  • Transfer Examiner, Bournemouth University

Public Engagement & Outreach Activities

  • Defra/Agricultural Economics Society Conference, Agricultural trade and Brexit
  • 'Tax and Trade - implications of Brexit and the special case of the UK-Irish border'
  • After Brexit – Domestic Alternatives to the CAP, AES – Defra Conference, Defra/Agricultural Economics Society, London,..
  • Letter from the President: A Question of Inflation
  • Letter from the President: A Perfect Storm
  • Letter from the President: Turbulent Times
  • House of Lords Select Committee on the Environment
  • AES/Defra Conference on Climate Change and it implications for Global Food Security
  • Presidential Newsletter

Conference Presentations

  • Agricultural Economics Society Annual Confernence, 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

The data on this page was last updated at 04:30 on November 24, 2020.