Chinese demand for Australian wheat : application of market share models

Jan Piaw, Thomas VOON

doi:10.1111/j.1467-8454.1994.tb00862.x

Chinese demand for Australian wheat : application of market share models

Research output: Journal Publications › Journal Article (refereed) › peer-review

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.

Original language	English
Pages (from-to)	228-238
Number of pages	11
Journal	Australian Economic Papers
Volume	33
Issue number	63
DOIs	https://doi.org/10.1111/j.1467-8454.1994.tb00862.x
Publication status	Published - 1 Dec 1994
Externally published	Yes

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Cite this

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title = "Chinese demand for Australian wheat : application of market share models",

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.",

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AB - 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.

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DO - 10.1111/j.1467-8454.1994.tb00862.x

M3 - Journal Article (refereed)

SN - 0004-900X

VL - 33

SP - 228

EP - 238

JO - Australian Economic Papers

JF - Australian Economic Papers

IS - 63

ER -

Chinese demand for Australian wheat : application of market share models

Abstract

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