Constant-market-shares analysis and index number theory

Milana, Carlo

doi:10.1016/0176-2680(88)90011-0

Cited by 62 publications

(64 citation statements)

References 25 publications

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“…3 The main critique is that the product and market effects are calculated in an asymmetric way, and depending on which one is calculated first, one of them will include the interaction between the two effects (Richardson 1971;Cheptea et al 2005). To solve this problem, Milana (1988) proposed to calculate this interaction effect (mixed effect) explicitly, a correction that has been largely applied ever since, for instance by the European Central Bank (ECB) in ECB (2005) and Amador and Cabral (2008).…”

Section: Methodology: Constant Market Share Analysismentioning

confidence: 99%

“…One CMSA was proposed by Nyssens and Poullet (1990) and evaluates the change of a country's share of exports relative to the world. In this study, we apply the CMSAs of Leamer and Stern (1970) and Nyssens and Poullet (1990) with the interaction term proposed by Milana (1988) in both cases.…”

Section: Methodology: Constant Market Share Analysismentioning

confidence: 99%

“…To complete the structure effect, there is a residual term the mixed structure effect resultant from the solution proposed by Milana (1988), which does not have a straightforward interpretation (ECB 2005).…”

Section: Decomposing the Growth Rate Of Exportsmentioning

confidence: 99%

“…The mixed structure effect is the residual term comprising the interaction between the product and market effects as proposed by Milana (1988).…”

Section: Decomposing the Relative Growth Rate Of Exportsmentioning

confidence: 99%

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The Export Performance of the 2004 EU Enlargement Economies since the 1990s: a Constant Market Share Analysis

Fontoura

Serôdio

2017

Int Adv Econ Res

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This study focuses on the export performance of the 2004 European Union (EU) enlargement economies to the EU15 between 1990 and 2013. The long time span analysed allows to capture different stages in the relationship of these new members with the EU before and after accession. The study is based on the constant market share methodology of decomposing an ex-post country's export performance into different effects. Two constant market share analyses were selected in order to disentangle (i) the growth rate of exports and (ii) the growth rate of exports relatively to the world. Both approaches are applied to manufactured products grouping products in different classifications of sectors. Results provide information on export performance for the ten economies individually considered, including the importance of each EU15 destination market.

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Section: Methodology: Constant Market Share Analysismentioning

confidence: 99%

Section: Methodology: Constant Market Share Analysismentioning

confidence: 99%

Section: Decomposing the Growth Rate Of Exportsmentioning

confidence: 99%

“…The mixed structure effect is the residual term comprising the interaction between the product and market effects as proposed by Milana (1988).…”

Section: Decomposing the Relative Growth Rate Of Exportsmentioning

confidence: 99%

See 2 more Smart Citations

The Export Performance of the 2004 EU Enlargement Economies since the 1990s: a Constant Market Share Analysis

Fontoura

Serôdio

2017

Int Adv Econ Res

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“…A change in a country's share of exports may be due to a shift in its specific sector specialization pattern (structural market effect), a movement into fast-growing markets (market growth effect), a movement out of slowly growing/stagnating markets (market stagnation effect) or other factors not associated with the sectoral distribution of exports (market share effect). The EMS also provides indications of countries' relative capacity advantages and degree of specialization in the market (Richardson, 1971;Milana, 1988;Othman & Rashid, 1993;Fagerberg & Srholec, 2004).…”

Section: Methodsmentioning

confidence: 99%

Trends in Markets for Forest-Based Products and Consequences for Selected Countries

Maksymets¹,

Lönnstedt²

2015

OJF

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The forest sectors in many regions and countries are facing a need to change their structure, due to the development of new markets, emergence of new competitors, and shifts in production and consumption patterns for forest products. This article focuses on recent changes in the trade in these products, on imports and exports of four countries (USA, Sweden, Ukraine and, to a lesser extent, China) during the period from 1995 to 2011. For this purpose we use explanatory data analysis, time series analysis, benchmarking, meta-synthesis and content analysis of scientific and business publications concerning national and global trends in forest product industries. Data sources are various organizations' databases of international trade in forest-based products in both monetary and physical terms (cubic meters and tons). The results show that the US and Swedish forest sectors are adversely affected by downturns in both their domestic and foreign markets during the study period, while the Ukrainian sector maintains exports of low value-added products at roughly constant levels (except that particle-board exports increase). China maintains production quantities of low value-added forest-based products, but also substantially increases exports of high-value added products. The results may facilitate efforts to forecast future trends and provide useful information and methodological approaches for future studies of interest to industry representatives, policy-makers and researchers.

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Competitiveness of the European Economy

Stajano

Research, Quality, Competitiveness

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Constant-market-shares analysis and index number theory

Cited by 62 publications

References 25 publications

The Export Performance of the 2004 EU Enlargement Economies since the 1990s: a Constant Market Share Analysis

The Export Performance of the 2004 EU Enlargement Economies since the 1990s: a Constant Market Share Analysis

Trends in Markets for Forest-Based Products and Consequences for Selected Countries

Competitiveness of the European Economy

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