The long-run decline in the share of agricultural and food products in international trade, 1951-2000: a gravity equation approach of 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 InfoPaper provided by Sociedad Española de Historia Agraria in its series Documentos de Trabajo de la Sociedad Española de Historia Agraria with number 1002.
Length: 31 pages
Date of creation: May 2010
Date of revision:
Home market effect; Agri-food trade; GATT; Regional trade agreements; International Trade; Gravity model; Homogenous products;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
- N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
- F10 - International Economics - - Trade - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-07-03 (Agricultural Economics)
- NEP-ALL-2010-07-03 (All new papers)
- NEP-INT-2010-07-03 (International Trade)
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