The long-run decline in the share of agricultural and food products in international trade: a gravity equation approach to its causes
AbstractThe objective of this study is to determine the causes of the loss of share of agricultural products and food in international trade. The article compares, using a gravity model, the impact of various factors upon bilateral trade in agricultural products, in manufactures and in total trade, between 1963 and 2000 for a representative sample of 40 countries. The results clearly demonstrate how the low demand elasticity for agricultural products and food, the high degree of protectionism to which they were subjected and their meagre share in intra-industrial trade are the principal causes of their relatively slow growth.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 44 (2012)
Issue (Month): 32 (November)
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- Leitão, Nuno Carlos & Tripathi, Sabyasachi, 2013. "Portuguese Trade and European Union: The Gravity Model," MPRA Paper 45994, University Library of Munich, Germany.
- Raúl Serrano & Vicente Pinilla, 2013. "New directions of trade for the agri-food industry: a disaggregated approach for different income countries, 1963-2000," Documentos de Trabajo dt2013-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
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