Impact of the US-EC price war on major wheat exporters' shares of the Chinese market
China is both the world's largest producer and consumer of wheat. In an attempt to gain a larger slice of the important Chinese market, both the European Community and the United States have offered China subsidised wheat. In addition, other exporters have offered attractive credit arrangements to China. The objective of this paper is to measure the overall impact of these policies on each exporter's share of the Chinese market. To that end, an improved version of the constant market shares model is applied to data on Chinese wheat imports in the 1980's. The results indicate that the United States has been outperforming the other exporters since subsidised US wheat sales were authorised for China in 1987. The implications of the analysis for the smaller exporters and international wheat trade are discussed.
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References listed on IDEAS
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- 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.
- Lardy,Nicholas R., 1992. "Foreign Trade and Economic Reform in China," Cambridge Books, Cambridge University Press, number 9780521414951.
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- H. G. Brooks & S. Devadoss & W. H. Meyers, 1990. "The Impact of the U.S. Wheat Export Enhancement Program on the World Wheat Market," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 38(2), pages 253-277, July.
- Richardson, J. David, 1971. "Constant-market-shares analysis of export growth," Journal of International Economics, Elsevier, vol. 1(2), pages 227-239, May.
- Anania, Giovanni & Bohman, Mary & Carter, Colin A., 1991. "U.S. Export Subsidies in Wheat: Strategic Trade Policy or An Expensive Beggar-My-Neighbor tactic?," Working Papers 51148, International Agricultural Trade Research Consortium.
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"A Dynamic Analysis Of Us Export Wheat Pricing And Market Shares,"
Australian Journal of Agricultural Economics,
Australian Agricultural and Resource Economics Society, vol. 31(03), December.
- Fredoun Z. Ahmadi‐Esfahani & Colin A. Carter, 1987. "A Dynamic Analysis Of Us Export Wheat Pricing And Market Shares," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 31(3), pages 191-203, December.
- Brooks, H. G. & Devadoss, Stephen & Meyers, William H., 1990. "Impact of the U.S. Wheat Export Enhancement Program on the World Wheat Market (The)," Staff General Research Papers Archive 305, Iowa State University, Department of Economics. Full references (including those not matched with items on IDEAS)
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