Causes of World Trade Growth in Agricultural and Food Products, 1951 - 2000
The objective of the present study is to analyse the causes of the growth of international agricultural and food trade in volume terms from 1951 to 2000. The results suggest that income growth has been the principal reason for this expansion, while exchange rate stability and the real price of agricultural products played only a minor role. Multilateral trade liberalisation and trade costs, given their long-term stability, are not elements which could have stimulated their growth. Finally, the intensive liberalisation of trade which took place in various economic regions, especially in Europe, became a key factor in promoting agricultural trade among the countries participating in regional trade agreements. The study results also indicate that the determinants of trade growth for these goods were different to those for other goods and other periods.
|Date of creation:||Jul 2006|
|Date of revision:|
|Contact details of provider:|| Postal: Gran via, 2 50005 Zaragoza|
Fax: 976 76 19 96
Web page: http://www.dteconz.unizar.es/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nicholas Crafts & Anthony J. Venables, 2002.
"Globalization in History: A Geographical Perspective,"
CEP Discussion Papers
dp0524, Centre for Economic Performance, LSE.
- Nicholas Crafts & Anthony Venables, 2003. "Globalization in History.A Geographical Perspective," NBER Chapters, in: Globalization in Historical Perspective, pages 323-370 National Bureau of Economic Research, Inc.
- Nicholas Crafts & Tony Venables, 2002. "Globalization in history: a geographical perspective," LSE Research Online Documents on Economics 2135, London School of Economics and Political Science, LSE Library.
- Crafts, Nicholas & Venables, Anthony J, 2001. "Globalization in History: A Geographical Perspective," CEPR Discussion Papers 3079, C.E.P.R. Discussion Papers.
- Diaz-Bonilla, Eugenio & Tin, Jonathan, 2002. "That was then but this is now," TMD discussion papers 94, International Food Policy Research Institute (IFPRI).
- Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, December.
- Marius Brülhart & Robert J.R. Elliott, 1998.
"Adjustment to the European single market: inferences from intra-industry trade patterns,"
Journal of Economic Studies,
Emerald Group Publishing, vol. 25(3), pages 225-247, September.
- Marius Brülhart & Robert J. R. Elliott,, . "Adjustment to the European Single Market: Inferences from Intra-Industry Trade Patterns," Discussion Papers 96/15, University of Nottingham, CREDIT.
- Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
- Diaz-Bonilla, Eugenio & Reca, Lucio, 2000.
"Trade and agroindustrialization in developing countries: trends and policy impacts,"
Blackwell, vol. 23(3), pages 219-229, September.
- Diaz-Bonilla, Eugenio & Reca, Lucio, 2000. "Trade and agroindustrialization in developing countries: trends and policy impacts," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 23(3), September.
When requesting a correction, please mention this item's handle: RePEc:zar:wpaper:dt2006-07. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vicente Pinilla)
If references are entirely missing, you can add them using this form.