FOOD COMPETITION IN WORLD MARKETS: SOME EVIDENCE FROM A PANEL DATA ANALYSIS OF TOP EXPORTING COUNTRIES

Donatella Baiardi (), Carluccio Bianchi () and Eleonora Lorenzini
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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

No 60, DEM Working Papers Series from University of Pavia, Department of Economics and Management

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.

Keywords: Clothing; Price elasticity; Income elasticity; Export Performance; Product Quality; Panel Granger causality (search for similar items in EconPapers)
JEL-codes: C23 F14 L66 Q17 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-12
New Economics Papers: this item is included in nep-agr, nep-ind and nep-int
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http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/demwpp/DEMWP0060.pdf (application/pdf)

Related works:
Working Paper: Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pav:demwpp:060

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