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The determinants of world wheat trade, 1963-2010: A gravity equation approach

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  • à ngel Luis González Esteban

    (UNED)

Abstract

The international configuration of the world wheat trade has undergone significant transformations over the past fifty years. The volume of total wheat trade has increased fivefold, new exporting leaders have appeared and a large import market has emerged in less developed countries. The aim of this paper is to identify the main drivers of those changing patterns. For that purpose, we estimated a gravity equation based on data for bilateral trade flows. Information on the wheat trade was obtained from the UN-COMTRADE database (2014). We also accessed other sources to include explanatory variables such as gross domestic product (GDP) of the exporting and importing countries, GDP per capita, wheat production, different measures of cultural distance and proximity, current trade agreements, etc. The results are discussed and interpreted using a cliometric approach.

Suggested Citation

  • à ngel Luis González Esteban, 2021. "The determinants of world wheat trade, 1963-2010: A gravity equation approach," Historia Agraria. Revista de Agricultura e Historia Rural, Sociedad Española de Historia Agraria, issue 83, pages 165-190, april.
    • Handle: RePEc:seh:journl:y:2021:i:83:m:april:p:165-190
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    More about this item

    Keywords

    wheat; agricultural trade; gravity model; PPML;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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