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Food Competition In World Markets: Some Evidence From A Panel Data Analysis Of Top Exporting Countries

Author

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  • Donatella Baiardi

    (Dipartimento di Economia, Metodi Quantitativi e Strategie d’Impresa Università Bicocca, Milano)

  • Carluccio Bianchi

    (Department of Economics and Management, University of Pavia)

  • Eleonora Lorenzini

    (Department of Economics and Management, University of Pavia)

Abstract

This 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.

Suggested Citation

  • 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.
    • Handle: RePEc:pav:demwpp:060
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    Cited by:

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    2. Baiardi, Donatella & Bianchi, Carluccio, 2019. "At the roots of China's striking performance in textile exports: A comparison with its main Asian competitors," China Economic Review, Elsevier, vol. 54(C), pages 367-389.
    3. Francisco J. Castellano-Álvarez & Francisco M. Parejo-Moruno & J. Francisco Rangel-Preciado & Esteban Cruz-Hidalgo, 2021. "Regulation of Agricultural Trade and Its Implications in the Reform of the CAP. The Continental Products Case Study," Agriculture, MDPI, vol. 11(7), pages 1-18, July.
    4. D. Baiardi & C. Bianchi, 2018. "At the roots of China's striking performance in textile exports: a comparison with its main Asian competitors," Economics Department Working Papers 2018-EP03, Department of Economics, Parma University (Italy).
    5. Wanissa Suanin, 2021. "Demand Elasticity of Processed Food Exports from Developing Countries: A Panel Analysis of US Imports," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(2), pages 413-429, June.
    6. Chemerys, Vasyl & Dushka, Vitalii & Dorosh, Mariana & Maksym, Volodymyr, 2020. "Export potential of the livestock breeding industry of Ukraine," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3), September.

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    More about this item

    Keywords

    Clothing; Price elasticity; Income elasticity; Export Performance; Product Quality; Panel Granger causality;
    All these keywords.

    JEL classification:

    • 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

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