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.
|Number of pages||11|
|Journal||Australian Economic Papers|
|Publication status||Published - 1 Dec 1994|