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Transaction costs and trade liberalization: An empirical perspective from the MERCOSUR agreement

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  • Valdes, Rodrigo
  • Von Cramon-Taubadel, Stephan
  • Engler, Alejandra

Abstract

Studies investigating the effect of trade liberalization policies on transaction costs in agricultural markets are scarce. The objective of our paper is to determine whether Brazil became more integrated with reduced transaction costs after the introduction of MERCOSUR with respect to its main agricultural trade partners, Argentina (a MERCOSUR member) and the United States (a non-MERCOSUR member).

Suggested Citation

  • Valdes, Rodrigo & Von Cramon-Taubadel, Stephan & Engler, Alejandra, 2015. "Transaction costs and trade liberalization: An empirical perspective from the MERCOSUR agreement," Food Policy, Elsevier, vol. 55(C), pages 109-116.
    • Handle: RePEc:eee:jfpoli:v:55:y:2015:i:c:p:109-116
    DOI: 10.1016/j.foodpol.2015.06.005
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    3. Fekadu Gelaw & Stijn Speelman & Guido Huylenbroeck, 2017. "Impacts of Institutional Intervention on Price Transmissions: The Case of the Ethiopian Commodity Exchange," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 88-106, November.

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