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Consumer Demand and Cost Factors Shape the Global Trade Network in Commodity and Manufactured Foods

Consumer Demand and Cost Factors Shape the Global Trade Network in Commodity and Manufactured Foods

Authors :
Mark Gehlhar
Charles B. Hallahan
Thomas L. Vollrath
Source :
Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie. 54:497-511
Publication Year :
2006
Publisher :
Wiley, 2006.

Abstract

Multiple forces operate throughout the global economy and influence the direction, composition, and volume of agri-food trade. The fundamental determinants that impede and foster bilateral trade in two food types, namely staple commodities and manufactured products, are identified using generalized gravity equations. Empirical evidence verified the importance of relative resource endowments and similarities in the structure of partner demand. Other socio-geo-political factors were also found to influence food trade, including the ability of governments to control corruption and curtail disequilibrium in financial markets.

Details

ISSN :
17447976 and 00083976
Volume :
54
Database :
OpenAIRE
Journal :
Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie
Accession number :
edsair.doi...........47cf64a1667dc03ce038e29bbb4b0670
Full Text :
https://doi.org/10.1111/j.1744-7976.2006.00063.x