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Constant market shares analysis: uses, limitations and prospects

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  • Ahmadi-Esfahani, Fredoun Z.

Abstract

In 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.

Suggested Citation

  • Ahmadi-Esfahani, Fredoun Z., 2006. "Constant market shares analysis: uses, limitations and prospects," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(4), December.
  • Handle: RePEc:ags:aareaj:116983
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    File URL: http://purl.umn.edu/116983
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    References listed on IDEAS

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    1. 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 of Agricultural Economists, International Association of Agricultural Economists, vol. 10(1), January.
    2. Jan Fagerberg & Gunnar Sollie, 1987. "The method of constant market shares analysis reconsidered," Working Papers Archives 1987001, Centre for Technology, Innovation and Culture, University of Oslo.
    3. Gonzalo, Jesus & Lee, Tae-Hwy, 1998. "Pitfalls in testing for long run relationships," Journal of Econometrics, Elsevier, vol. 86(1), pages 129-154, June.
    4. Richardson, J David, 1971. "Some Sensitivity Tests for a 'Constant-Market-Shares' Analysis of Export Growth," The Review of Economics and Statistics, MIT Press, vol. 53(3), pages 300-304, August.
    5. Richardson, J. David, 1971. "Constant-market-shares analysis of export growth," Journal of International Economics, Elsevier, vol. 1(2), pages 227-239, May.
    6. 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.
    7. S. E. Pudney, 1981. "An Empirical Method of Approximating the Separable Structure of Consumer Preferences," Review of Economic Studies, Oxford University Press, vol. 48(4), pages 561-577.
    8. Merkies, A H Q M & van der Meer, T, 1988. "A Theoretical Foundation for Constant Market Share Analysis," Empirical Economics, Springer, vol. 13(2), pages 65-80.
    9. Jung, Chulho & Krutilla, Kerry, 1998. "Aggregation bias in natural resource price composites: the forestry case," Resource and Energy Economics, Elsevier, vol. 20(1), pages 65-73, March.
    10. Ahmadi-Esfahani, Fredoun Z., 1995. "Wheat market shares in the presence of Japanese import quotas," Journal of Policy Modeling, Elsevier, vol. 17(3), pages 315-323, June.
    11. Peter Drysdale & Weiguo Lu, 1996. "Australia's Export Performance in East Asia," Asia Pacific Economic Papers 259, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
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    Citations

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    Cited by:

    1. Nilsson, Fredrik Olof Laurentius, 2008. "Applied economics of multifunctional agriculture," Department of Economics publications 1768, Swedish University of Agricultural Sciences, Department of Economics.
    2. Babu, Suresh Chandra & Shishodia, Mahika, 2017. "Agribusiness competitiveness: Applying analytics, typology, and measurements to Africa," IFPRI discussion papers 1648, International Food Policy Research Institute (IFPRI).
    3. repec:kap:iaecre:v:23:y:2017:i:2:d:10.1007_s11294-017-9630-3 is not listed on IDEAS
    4. Petra Čekmeová, 2016. "Konkurecieschopnosť ako cieľ hospodárskej politiky
      [Competitiveness as a Goal of Economic Policy]
      ," Politická ekonomie, University of Economics, Prague, vol. 2016(3), pages 338-350.
    5. repec:aka:aoecon:v:67:y:2017:i:3:p:435-462 is not listed on IDEAS
    6. Maria Paula Fontoura & Pedro Serôdio, 2017. "The Export Performance of the 2004 EU Enlargement Economies since the 1990s: a Constant Market Share Analysis," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 23(2), pages 161-174, May.
    7. Nilsson, Fredrik O.L. & Lindberg, Emma & Surry, Yves, 2007. "A trade performance analysis of fresh fruit and vegetables in Mediterranean countries," Department of Economics publications 3022, Swedish University of Agricultural Sciences, Department of Economics.
    8. repec:bla:worlde:v:40:y:2017:i:1:p:207-232 is not listed on IDEAS
    9. repec:eee:enepol:v:109:y:2017:i:c:p:22-35 is not listed on IDEAS
    10. repec:prg:jnlpol:v:2017:y:2017:i:6:id:1169:p:669-689 is not listed on IDEAS

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