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Canadian Agrifood Export Performance and the Growth Potential of the BRICs and Next-11

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  • Cairns, Alexander P.
  • Meilke, Karl D.

Abstract

In 2011, the Canadian Agrifood Policy Institute released an report highlighting the importance of the agrifood sector to the economy and concluded by stating the need for Canada to double the dollar value of agrifood exports to ensure the viability of the system. This paper seeks to estimate Engel elasticities faced by Canada and four other major agrifood exporter groups for two groups of emerging economies known as the Next-11 and the BRICs, and to forecast the value of agrifood exports to 2017. The findings suggest that despite the relatively low Engel elasticities for agrifood imports faced by Canada, it could sell an additional $3.65 billion in agrifood products to the Next-11 and BRICs by 2017.

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Bibliographic Info

Paper provided by Canadian Agricultural Trade Policy Research Network in its series Working Papers with number 142372.

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Date of creation: Jul 2012
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Handle: RePEc:ags:catpwp:142372

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Related research

Keywords: Agrifood Trade; Import Demand Model; BRICs; Next-11; Engel Elasticities; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Marketing;

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References

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  1. Haq, Zahoor Ul & Meilke, Karl D. & Cranfield, John A.L., 2010. "Does the Gravity Model Suffer from Selection Bias?," Working Papers 90884, Canadian Agricultural Trade Policy Research Network.
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  7. Baier, Scott L. & Bergstrand, Jeffrey H., 2007. "Do free trade agreements actually increase members' international trade?," Journal of International Economics, Elsevier, vol. 71(1), pages 72-95, March.
  8. Jason H. Grant & Dayton M. Lambert, 2008. "Do Regional Trade Agreements Increase Members' Agricultural Trade?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 765-782.
  9. Cranfield, J. A. L. & Preckel, Paul V. & Eales, James S. & Hertel, Thomas W., 2002. "Estimating consumer demands across the development spectrum: maximum likelihood estimates of an implicit direct additivity model," Journal of Development Economics, Elsevier, vol. 68(2), pages 289-307, August.
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Cited by:
  1. Orden, David, 2013. "The Changing Structure of Domestic Support and Its Implications for Trade," Commissioned Papers 146657, Canadian Agricultural Trade Policy Research Network.

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