THE EFFECTS OF COMPETITION ON U.S. WHEAT MARKET SHARES IN EAST ASIA

Abstract

The effects of competition between wheat export countries on the U.S. wheat market shares in ten Asian countries are analyzed. The variables are relative forms of the U.S. against Australian and Canadian variables to incorporate the effects of competition among exporters. From the estimation results, we could not find distinct effects of wheat prices, exchange rates, changes of the prices and currency values, and the U.S. export enhancement program on the U.S. wheat export performance. This implies that further studies are needed to analyze other factors beyond these variables for the Asian wheat import market, such as different protein or type of wheat, importing countries¡¯ trading policies, or utilization of the state trading agencies.International Wheat Trade, Market Share, Panel Estimation, Panel Unit-Root Test