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: Department of Economics, Quantitative Methods and Business Strategies, University of Milano-Bicocca
Carluccio Bianchi: Department of Economics and Management, University of Pavia
Eleonora Lorenzini: Department of Economics and Management, University of Pavia

No 83, DEM Working Papers Series from University of Pavia, Department of Economics and Management

Abstract: 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. A distinction between processed and unprocessed goods is drawn and, within this last category, a specific focus on commodities is made. We find that price elasticities generally take lower values for processed goods, and the opposite holds for income elasticities. Processed goods are also characterized by an inverse relationship between price elasticities and average unit values. The overall analysis leads to the conclusion that both emerging and advanced countries should increase their export specialization in processed goods. Furthermore, developed economies could face the fierce competition from emerging countries by enhancing the quality content of their processed goods exports.

Keywords: Food Exports; Price and Income elasticities; Cross-country comparisons; Panel data analysis; Panel Granger causality (search for similar items in EconPapers)
JEL-codes: C23 F14 L66 Q17 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2014-07
New Economics Papers: this item is included in nep-agr, nep-com and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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