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The Impact of Structure Similarity of Nontariff Measures on Agricultural Trade

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  • Sung Ju Cho

    (Department of Applied Economics, Jeju National University, Jeju 63243, Korea)

  • Saera Oh

    (Department of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, MI 48824, USA)

  • Sang Hyeon Lee

    (Department of Agricultural and Resource Economics, Kangwon National University, Chuncheon 24341, Korea)

Abstract

This study quantifies the structure similarity of nontariff measures between countries and estimates its impact on bilateral agricultural trade using a structural gravity model. The findings show that a similar structure of technical barriers to trade (TBT) between countries is likely to expand their bilateral trade. However, a similar structure of sanitary and phytosanitary measures (SPS) is shown to have negative impacts on agricultural trade. We also discuss the effects of regulatory harmonization on sustainable development.

Suggested Citation

  • Sung Ju Cho & Saera Oh & Sang Hyeon Lee, 2020. "The Impact of Structure Similarity of Nontariff Measures on Agricultural Trade," Sustainability, MDPI, vol. 12(24), pages 1-13, December.
  • Handle: RePEc:gam:jsusta:v:12:y:2020:i:24:p:10545-:d:463320
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