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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
- 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.
- Subjects :
- Economics and Econometrics
Global and Planetary Change
Ecology
Factor cost
business.industry
Corruption
media_common.quotation_subject
Disequilibrium
Commodity
Financial market
International economics
International trade
Bilateral trade
medicine
Economics
Animal Science and Zoology
medicine.symptom
Empirical evidence
Trade barrier
business
Agronomy and Crop Science
media_common
Subjects
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