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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
  • Carluccio Bianchi
  • Eleonora Lorenzini

Abstract

type="main" xml:id="jage12094-abs-0001"> This paper investigates the relevance of relative prices and world income as determinants of food exports for the top trading countries in the period 1992–2012 using a panel data framework. We find that price elasticities generally take lower values for processed goods, and the opposite holds for income elasticities. Processed goods are also characterised by an inverse relationship between price elasticities and average unit values. The analysis suggests that both emerging and advanced countries can be expected to increase their export specialisation in processed goods. Furthermore, developed economies can face fierce competition from emerging countries by enhancing the quality content of their processed good exports.

Suggested Citation

  • Donatella Baiardi & Carluccio Bianchi & Eleonora Lorenzini, 2015. "Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries," Journal of Agricultural Economics, Wiley Blackwell, vol. 66(2), pages 358-391, June.
  • Handle: RePEc:bla:jageco:v:66:y:2015:i:2:p:358-391
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    File URL: http://hdl.handle.net/10.1111/jage.2015.66.issue-2
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    Cited by:

    1. 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.
    2. Narayan, Seema & Bhattacharya, Poulomi, 2019. "Relative export competitiveness of agricultural commodities and its determinants: Some evidence from India," World Development, Elsevier, vol. 117(C), pages 29-47.
    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. 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.
    5. 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.
    6. Francisco Javier Castellano-Álvarez & Rafael Robina Ramírez, 2022. "Relevance of the Uruguay and Doha Rounds in the Evolution of International Agricultural Trade: The Case Study of Latin American Countries and Continental Products," Economies, MDPI, vol. 11(1), pages 1-15, December.

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