Food trade impacts of trade agreements in the developing world
Irfan Mujahid, Mujahid, Irfan
Abstract
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Irfan Mujahid, Mujahid, Irfan
Abstract
Open-access reader
This study investigates food trade impacts of the enormous numbers of trade agreements in the world with special focus on developing countries. The Gravity model is used for the empirical analysis and developed in a large panel data setting. The results suggest that both multilateral and regional trade institutions have delivered significant positive impacts of food trade among developing countries. Although the WTO is found to have negative implications on food trade in general, it has increased food trade among developing countries. RTAs are found to have increased food trade among developed countries as well as the developing countries.
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This study investigates food trade impacts of the enormous numbers of trade agreements in the world with special focus on developing countries. The Gravity model is used for the empirical analysis and developed in a large panel data setting. The results suggest that both multilateral and regional trade institutions have delivered significant positive impacts of food trade among developing countries. Although the WTO is found to have negative implications on food trade in general, it has increased food trade among developing countries. RTAs are found to have increased food trade among developed countries as well as the developing countries.
Key concepts: Developing country, Gravity model of trade, International trade, International economics, Trade barrier, World trade, Panel data, Economics