English, Article, Journal or magazine article edition: Expansion of Mercosur's Agricultural Exports to the EU: An Empirical Assessment of the Trade Flows Niemi, Jyrki; Huan-Niemi, Ellen; von Ledebur, Oliver; ...

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Bookmark: http://trove.nla.gov.au/version/148557
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Expansion of Mercosur's Agricultural Exports to the EU: An Empirical Assessment of the Trade Flows
Author
  • Niemi, Jyrki
  • Huan-Niemi, Ellen
  • von Ledebur, Oliver
  • Salamon, Petra
Physical Description
  • preprint
Notes
  • This paper provides new evidence on income and price elasticities of demand for agricultural exports from Mercosur countries to the EU. Econometric models are constructed for eight agricultural commodities - beef, cocoa, coffee, orange juice, poultry, sugar, soya and wheat - exported from Mercosur to the EU. A modelling approach based on the error correction mechanism is used in order to emphasise the importance of the dynamics of trade functions. The results indicate that there is a relatively weak demand response to income and price changes in the EU. However, the results also suggest that relative-price variations affect significantly the demand for Mercosur commodity exports, implying that the exporter's market share is influenced by price competitiveness.
  • agricultural trade, European Union, Mercosur, econometric models, cointegration, International Relations/​Trade, C22, Q17,
  • RePEc:ags:eaae05:24606
Language
  • English
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