Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries
AbstractThis paper investigates the relationships between export price and income elasticities, average unit values (AUVs) and market shares for the top world food exporters in the time period 1992-2011 using a panel data framework. Emerging countries and Spain show a high price elasticity unlike other advanced countries. Moreover, an inverse relationship between price elasticities and AUVs is found to exist. The overall analysis enables the conclusion that advanced countries can maintain a specialization in low-tech sectors only if high prices, as indicators of high quality, are accompanied by a rigid foreign demand and a satisfactory income elasticity of exports.
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Bibliographic InfoPaper provided by University of Milano-Bicocca, Department of Economics in its series Working Papers with number 262.
Date of creation: Dec 2013
Date of revision: Dec 2013
Food Exports; Price elasticity; Income elasticity; Panel Granger causality;
Other versions of this item:
- Donatella Baiardi & Carluccio Bianchi & Eleonora Lorenzini, 2013. "Food Competition In World Markets: Some Evidence From A Panel Data Analysis Of Top Exporting Countries," DEM Working Papers Series 060, University of Pavia, Department of Economics and Management.
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
This paper has been announced in the following NEP Reports:
- NEP-AGR-2013-12-20 (Agricultural Economics)
- NEP-ALL-2013-12-20 (All new papers)
- NEP-EUR-2013-12-20 (Microeconomic European Issues)
- NEP-INT-2013-12-20 (International Trade)
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