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

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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.

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File URL: http://economia.unipv.it/docs/dipeco/quad/ps/RePEc/pav/demwpp/DEMWP0060.pdf
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Bibliographic Info

Paper provided by University of Pavia, Department of Economics and Management in its series DEM Working Papers Series with number 060.

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Length: 30 pages
Date of creation: Dec 2013
Date of revision:
Handle: RePEc:pav:demwpp:060

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Related research

Keywords: Clothing; Price elasticity; Income elasticity; Export Performance; Product Quality; Panel Granger causality;

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