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.
Food competition in world markets: some evidence from a panel data analysis of top exporting countries
BAIARDI, DONATELLA;BIANCHI, CARLUCCIO;LORENZINI, ELEONORA
2014-01-01
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. 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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
