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Changes in the Structure of World Trade in the Agri‐Food Industry: The Impact of the Home Market Effect and Regional Liberalization From a Long‐Term Perspective, 1963–2010

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  • Raúl Serrano
  • Vicente Pinilla

Abstract

ABSTRACT This study examines the reasons for changes in the composition of international trade in agricultural and food products. We use a Gravity Model to compare the impact of the key factors in bilateral agri‐food trade, which we split into three main product groups following Rauch's classification of goods, between 1963 and 2010 for a representative sample of 40 countries. Our results show that the greater rhythm of growth in differentiated and reference priced products can be explained by the existence of the home market effect. Regional trade agreements have had an unequal impact on distinct product types, being especially important in the processed product markets. [JEL Classification: F14, N70, Q17]

Suggested Citation

  • Raúl Serrano & Vicente Pinilla, 2014. "Changes in the Structure of World Trade in the Agri‐Food Industry: The Impact of the Home Market Effect and Regional Liberalization From a Long‐Term Perspective, 1963–2010," Agribusiness, John Wiley & Sons, Ltd., vol. 30(2), pages 165-183, March.
    • Handle: RePEc:wly:agribz:v:30:y:2014:i:2:p:165-183
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    File URL: http://hdl.handle.net/10.1002/agr.21355
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    Citations

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    Cited by:

    1. Vicente Pinilla, 2018. "Agriocliometrics and Agricultural Change in the Nineteenth and Twentieth Centuries," Documentos de Trabajo (DT-AEHE) 1803, Asociación Española de Historia Económica.
    2. Ra�l Serrano & Marta Fern�ndez-Olmos & Vicente Pinilla, 2015. "International diversification and performance in agri-food firms," Documentos de Trabajo dt2015-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    3. Permani, Risti & Xu, Xing, 2020. "The Nexus between Natural disasters, Supply Chains and Trade – Revisiting the Role of FTAs in Disaster Risk Reduction," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304269, Agricultural and Applied Economics Association.
    4. Raúl Serrano & Vicente Pinilla, 2014. "New directions of trade for the agri-food industry: a disaggregated approach for different income countries, 1963–2000," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 23(1), pages 1-22, December.
    5. Duarte, Rosa & Pinilla, Vicente & Serrano, Ana, 2021. "The globalization of Mediterranean agriculture: A long-term view of the impact on water consumption," Ecological Economics, Elsevier, vol. 183(C).
    6. Miguel Tinoco-Zermeño & Francisco Venegas-Martínez & Víctor Torres-Preciado, 2014. "Growth, bank credit, and inflation in Mexico: evidence from an ARDL-bounds testing approach," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 23(1), pages 1-22, December.
    7. Raúl Serrano & Nieves García-Casarejos & Salvador Gil-Pareja & Rafael Llorca-Vivero & Vicente Pinilla, 2015. "The internationalisation of the Spanish food industry, 1970-2012: the home market effect and European market integration," Documentos de Trabajo (DT-AEHE) 1505, Asociación Española de Historia Económica.
    8. Rosa Duarte & Vicente Pinilla & Ana Serrano, 2015. "Global water in a global world a long term study on agricultural virtual water flows in the world," Documentos de Trabajo dt2015-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    9. Duarte, Rosa & Pinilla, Vicente & Serrano, Ana, 2019. "Long Term Drivers of Global Virtual Water Trade: A Trade Gravity Approach for 1965–2010," Ecological Economics, Elsevier, vol. 156(C), pages 318-326.
    10. Wenwu Zhang & Jiayin Wang & Xi Ou, 2024. "Trade liberalization, city size, and urban wage premium: evidence from China’s city and individual micro-data," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    11. Raul SERRANO & Isabel ACERO & Marta FERNANDEZ-OLMOS, 2016. "Networks and export performance of agri-food firms: New evidence linking micro and macro determinants," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(10), pages 459-470.
    12. Luboš Smutka & Helena Řezbová & Karel Tomšík & Miroslav Svatoš, 2015. "Comparison of Agricultural Trade in Selected Groups of Countries - Comparison of Real Results," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(5), pages 1739-1748.
    13. Popp, J. & Olah, J. & Peto, K., 2018. "Short Food Suply Chains in Europe: differences between the EU-15 and EU-13," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277136, International Association of Agricultural Economists.

    More about this item

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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