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- Title
Asymmetric Trade Costs: Agricultural Trade among Developing and Developed Countries.
- Authors
Eum, Jihyun; Sheldon, Ian; Thompson, Stanley
- Abstract
In this article, the reasons why developing countries trade fewer agricultural products than developed countries are analyzed. Based on earlier findings that low trade volume in the agricultural sector is due to high trade costs, the focus is on evaluating the extent to which bilateral trade costs in the agricultural sector differ among trading partners. Using a neo-Ricardian trade model, the results show that systematically, asymmetric bilateral trade costs and variation in the level of agricultural productivity across all countries in the sample, are the main barriers to developing countries’ agricultural exports. In addition, low-income countries face higher trade costs to export than do high-income countries.
- Subjects
ECONOMIC conditions of developed countries; TRADE associations; TRADE advertising; RICARDIAN equivalence theorem; RICARDIAN Model of International Trade
- Publication
Journal of Agricultural & Food Industrial Organization, 2018, Vol 15, Issue 2, p1
- ISSN
1542-0485
- Publication type
Article
- DOI
10.1515/jafio-2017-0035