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
Language
English
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