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The Relationships Of Trade, Economic Growth, And Market Power: The Case Of Rice Exporting

Author

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  • Kang, Hyunsoo
  • Kennedy, P. Lynn
  • Hilbun, Brian M.

Abstract

This paper aims to (1) analyze the relationship between rice exports and economic growth for the world’s top four exporting countries (Thailand, Vietnam, India, and the U.S) and (2) seek to determine to what extent market power affects a country’s economic growth. The main objective of this paper is to determine to what extent economic growth impacts a country’s rice exports as well as to what extent Foreign Direct Investment (FDI) impacts a country’s ability to export rice. This analysis also examines the impact of market power on economic growth. On the basis of these results, we examine the existence of market power in the international rice market with respect to rice supply, and moreover, propose that there is a bi-directional causality between the international rice trade and economic growth for major rice exporting countries.

Suggested Citation

  • Kang, Hyunsoo & Kennedy, P. Lynn & Hilbun, Brian M., 2009. "The Relationships Of Trade, Economic Growth, And Market Power: The Case Of Rice Exporting," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46081, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46081
    DOI: 10.22004/ag.econ.46081
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    References listed on IDEAS

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    1. Francisco Alcalá & Antonio Ciccone, 2003. "Trade and Productivity," Working Papers 12, Barcelona School of Economics.
    2. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    3. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    4. Shiva S. Makki & Agapi Somwaru, 2004. "Impact of Foreign Direct Investment and Trade on Economic Growth: Evidence from Developing Countries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(3), pages 795-801.
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