Constant market shares analysis: uses, limitations and prospects
AbstractIn this paper, we generalise the constant market shares (CMS) framework, with particular attention to the underlying theoretical conditions required for diagnostic interpretation. The approach is applied to the analysis of the export performance of the Australian processed food sector in South-East Asia over the period 1980–2003. We conclude that the usefulness of CMS analysis for evaluating a country’s international trade performance depends upon the empirical validity of the aggregation assumptions implicit in the diagnostic interpretation.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.
Volume (Year): 50 (2006)
Issue (Month): 4 (December)
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aggregation; Armington model; competitiveness; constant market shares; Marketing;
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- Ahmadi-Esfahani, Fredoun Z. & Jensen, Paul H., 1994. "Impact of the US-EC price war on major wheat exporters' shares of the Chinese market," Agricultural Economics, Blackwell, vol. 10(1), pages 61-70, January.
- Francisco J. MartÎn-âlvarez & Victor J. Cano-FernÂndez & JosÊ J. CÂceres-HernÂndez, 1999. "The introduction of seasonal unit roots and cointegration to test index aggregation optimality: An application to a Spanish farm price index," Empirical Economics, Springer, vol. 24(3), pages 403-414.
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"Pitfalls in Testing for Long Run Relationships,"
38, Boston University - Department of Economics.
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