Factors Affecting Agricultural Trade: An Intercountry Empirical Inquiry
Thomas L. Vollrath
No 324726, Staff Reports from United States Department of Agriculture, Economic Research Service
Abstract:
The relationship between economic development and agricultural trade was evaluated quantitatively using 25 years of intercountry data. Econometric models were used to identify the importance of developmental factors affecting agricultural trade. In addition, descriptive statistics were generated enabling net exporting countries to be differentiated from net importing countries. The relevance of both the factor proportion and the technological explanation of comparative advantage was verified for agriculture. Implications for U.S. policy were drawn from the empirical analyses and integrated into a larger body of knowledge concerning the interrelation among agricultural development, agricultural trade, and general economic performance.
Keywords: Agricultural and Food Policy; International Development; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 93
Date: 1983-03
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:324726
DOI: 10.22004/ag.econ.324726
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