Vn. Balasubramanyam et Ma. Salisu, PRICE AND QUALITY COMPONENTS OF IMPORTS OF FOOD-PRODUCTS INTO THE UK, Applied economics, 28(10), 1996, pp. 1225-1233
This paper analyses the principal factors responsible for the growth i
n the value of imports of the UK food sector, during the period 1985-9
0. On the basis of estimates of translog multilateral price indices it
assesses the relative contribution of changes in the quality of impor
ted products and factors other than quality to growth in import values
of food products. The main conclusion is that growth in quality appea
rs to be the principal reason for the growth in unit values of imports
and the trade deficit incurred by the food manufacturing sector.