Impact of the US–EC price war on major wheat exporters' shares of the Chinese market
研究美国与欧洲共同体对华小麦补贴政策如何影响各出口国在中国市场的份额，发现1987年美国补贴授权后其表现优于其他出口国。
Abstract China is both the world's largest producer and consumer of wheat. In an attempt to gain a larger slice of the important Chinese market, both the European Community and the United States have offered China subsidised wheat. In addition, other exporters have offered attractive credit arrangements to China. The objective of this paper is to measure the overall impact of these policies on each exporter's share of the Chinese market. To that end, an improved version of the constant market shares model is applied to data on Chinese wheat imports in the 1980's. The results indicate that the United States has been outperforming the other exporters since subsidised US wheat sales were authorised for China in 1987. The implications of the analysis for the smaller exporters and international wheat trade are discussed.