Professor Tim Lloyd
- Professor Of Economics
- Executive Business Centre EB409, Bournemouth University, 89 Holdenhurst Road, Bournemouth, BH8 8EB
- Keywords:
- Applied Econometrics
- Consumer Behaviour
- Economics
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... He has given evidence as an expert witness to the House of Lords European Committee on agricultural price volatility and advised United Nations Food and Agriculture Organisation (FAO) on prices and health pandemics (FAO). He is a graduate of the universities of Newcastle (BSc) and Nottingham (PhD) and was formerly the Managing Editor of the Journal of Agricultural Economics. In 2016 he held the Presidency of the Agricultural Economics Society and was a member of the REF2021 Sub-Panel 16: Economics and Econometrics.
moreResearch
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.
Favourites
- 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.
- Lloyd, T., McCorriston, S., Davidson, J., Morgan, C.W. and Lin, H., 2021. Retail Food Price Modelling Project Report. University of Exeter. Available from: https://ore.exeter.ac.uk/repository/handle/10871/128070.
- 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.
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"
Good health and well-being
"Ensure healthy lives and promote well-being for all at all ages"
Responsible consumption and production
"Ensure sustainable consumption and production patterns"