IMPORTER LOYALTY IN THE INTERNATIONAL WHEAT MARKET
作者:
W. Wilson,
W. Koo,
A. Carter,
期刊:
Journal of Agricultural Economics
(WILEY Available online 1990)
卷期:
Volume 41,
issue 1
页码: 94-102
ISSN:0021-857X
年代: 1990
DOI:10.1111/j.1477-9552.1990.tb00622.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Important political and institutional relationships exist between most grain‐trading partners. In many cases the purpose of these relationships is to enhance importer loyalty to a particular exporter. This paper tests for loyalty in the world wheat market. Loyalty is measured by repeat purchases. An application of the Markov model is used to analyse loyalty and to explain international trade flows in wheat. Results show that in general the United States has relatively strong import loyalty compared to the other exporters such as Canada and the European Communit
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