Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries

Donatella Baiardi, Carluccio Bianchi and Eleonora Lorenzini

No 262, Working Papers from University of Milano-Bicocca, Department of Economics

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: Food Exports; Price elasticity; Income elasticity; Panel Granger causality (search for similar items in EconPapers)
JEL-codes: C23 F14 L66 Q17 (search for similar items in EconPapers)
Pages: 30
Date: 2013-12, Revised 2013-12
New Economics Papers: this item is included in nep-agr, nep-eur and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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http://repec.dems.unimib.it/repec/pdf/mibwpaper262.pdf First version, 2013 (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:mib:wpaper:262

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