Demand Growth versus Market Share Gains : Decomposing World Manufacturing Import Growth
This paper decomposes manufacturing import growth rates in a selected set of large industrial and developing countries (five industrial and eight developing) and measures the relative contributions of domestic demand and market share changes for tw...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/02/17390433/demand-growth-versus-market-share-gains-decomposing-world-manufacturing-import-growth http://hdl.handle.net/10986/13160 |
| Summary: | This paper decomposes manufacturing
import growth rates in a selected set of large industrial
and developing countries (five industrial and eight
developing) and measures the relative contributions of
domestic demand and market share changes for two separate
periods 1991/92 - 2001/02 and 2001/02 - 2007/08. It also
shows the shares of imports both from the rest of the world
and from developing countries for aggregate and three-digit
manufacturing sectors. Import growth is much higher during
the 2000s driven by higher demand growth rates. While market
share changes explain most of the growth during the 1990s,
its contribution is relatively smaller during the 2000s.
Imports from developing countries have grown much faster
both in industrial and developing country markets driven
primarily by market share changes. However, more than half
of market share gains by developing countries are caused by
the exports of China, which accounts for more than 70
percent of market share gains of developing countries in the
sample countries during the 2000s. Despite rapid growth,
developing countries' share in the gross absorption of
the sample countries is still low and can expand
substantially even if demand growth is much lower in the
near future. |
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