期刊
JOURNAL OF AGRICULTURAL ECONOMICS
卷 66, 期 2, 页码 358-391出版社
WILEY
DOI: 10.1111/1477-9552.12094
关键词
Cross-country comparisons; food exports; panel data analysis; panel Granger causality; price and income elasticities
资金
- project '@BILITA: e-commerce and marketing intelligence'
- Pavia University
- Italian Ministry of Economic Development
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.
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