Regional trade agreements, globalization, and global maize exports
Globalisation is also having a profound impact on international agricultural trade. This study examines the impact of regional trade agreements (RTAs) and globalization on international maize trade using a gravity model for the period 1996-2020. The results show that, despite globalization, distance...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Czech Academy of Agricultural Sciences
2022-10-01
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| Series: | Agricultural Economics (AGRICECON) |
| Subjects: | |
| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-202210-0002_regional-trade-agreements-globalization-and-global-maize-exports.php |
| _version_ | 1797899948889473024 |
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| author | András Bence Szerb Arnold Csonka Imre Fertő |
| author_facet | András Bence Szerb Arnold Csonka Imre Fertő |
| author_sort | András Bence Szerb |
| collection | DOAJ |
| description | Globalisation is also having a profound impact on international agricultural trade. This study examines the impact of regional trade agreements (RTAs) and globalization on international maize trade using a gravity model for the period 1996-2020. The results show that, despite globalization, distance has a larger negative impact on bilateral maize trade than on the manufacturing sector. It appears that distance remains an important factor in explaining trade flows in commodity markets, including maize. Our findings on the role of RTAs are in line with the results of previous studies: RTAs are generally preceded by a strengthening of bilateral trade relations. There is mutually positive feedback between the level of bilateral trade and RTA membership. However, the establishment of a common RTA membership and its trade-stimulating effects are not immediately visible. |
| first_indexed | 2024-04-10T08:36:59Z |
| format | Article |
| id | doaj.art-650fb91697af468d8ccee2ae663ecf48 |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-10T08:36:59Z |
| publishDate | 2022-10-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-650fb91697af468d8ccee2ae663ecf482023-02-23T03:25:37ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952022-10-01681037137910.17221/202/2022-AGRICECONage-202210-0002Regional trade agreements, globalization, and global maize exportsAndrás Bence Szerb0Arnold Csonka1Imre Fertő2Doctoral School for Management and Organizational Science, Hungarian University of Agriculture and Life Sciences, Kaposvár, HungaryDepartment of Agricultural Data Processing and Data Analysis, Institute of Agricultural and Food Economics, Hungarian University of Agriculture and Life Sciences, Kaposvár, HungaryDepartment of Agricultural Data Processing and Data Analysis, Institute of Agricultural and Food Economics, Hungarian University of Agriculture and Life Sciences, Kaposvár, HungaryGlobalisation is also having a profound impact on international agricultural trade. This study examines the impact of regional trade agreements (RTAs) and globalization on international maize trade using a gravity model for the period 1996-2020. The results show that, despite globalization, distance has a larger negative impact on bilateral maize trade than on the manufacturing sector. It appears that distance remains an important factor in explaining trade flows in commodity markets, including maize. Our findings on the role of RTAs are in line with the results of previous studies: RTAs are generally preceded by a strengthening of bilateral trade relations. There is mutually positive feedback between the level of bilateral trade and RTA membership. However, the establishment of a common RTA membership and its trade-stimulating effects are not immediately visible.https://agricecon.agriculturejournals.cz/artkey/age-202210-0002_regional-trade-agreements-globalization-and-global-maize-exports.phpbilateral relationshipsdistance puzzleeconometricsgravity modelinternational trade |
| spellingShingle | András Bence Szerb Arnold Csonka Imre Fertő Regional trade agreements, globalization, and global maize exports Agricultural Economics (AGRICECON) bilateral relationships distance puzzle econometrics gravity model international trade |
| title | Regional trade agreements, globalization, and global maize exports |
| title_full | Regional trade agreements, globalization, and global maize exports |
| title_fullStr | Regional trade agreements, globalization, and global maize exports |
| title_full_unstemmed | Regional trade agreements, globalization, and global maize exports |
| title_short | Regional trade agreements, globalization, and global maize exports |
| title_sort | regional trade agreements globalization and global maize exports |
| topic | bilateral relationships distance puzzle econometrics gravity model international trade |
| url | https://agricecon.agriculturejournals.cz/artkey/age-202210-0002_regional-trade-agreements-globalization-and-global-maize-exports.php |
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