Title

Chinese demand for Australian wheat : application of market share models

Document Type

Journal article

Source Publication

Australian Economic Papers

Publication Date

12-1-1994

Volume

33

Issue

63

First Page

228

Last Page

238

Publisher

Wiley-Blackwell Publishing Asia

Abstract

Changes in the market shares of Australian wheat in the Chinese import market over the period 1960/61 - 1989/90 were analysed using three modelling procedures. The empirical results indicate that, in addtion the relative price changes (P), retail availability index (R), which measures the total production in Australia relative to the average production in other wheat exporting countries, is important in determining market share changes. Market share is reported in all the models to be extremely price elastic both in the short and long run. Market share elasticity with respect to R is found to be inelastic in the short run but elastic in the long run.

DOI

10.1111/j.1467-8454.1994.tb00862.x

Print ISSN

0004900X

E-ISSN

14678454

Publisher Statement

Copyright © 1994 Elsevier B.V. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Voon, T. J. (1994). Chinese demand for Australian wheat: Application of market share models. Australian Economic Papers, 33(63), 228-238. doi: 10.1111/j.1467-8454.1994.tb00862.x

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