Has the euro been fattening the European pig meat trade?

Maria Mercè Clop-Gallart, María Isabel Juárez and Montserrat Viladrich-Grau
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Maria Mercè Clop-Gallart: Department of Business Administration, Faculty of Law, Economics and Tourism, University of Lleida, Lleida, Spain
María Isabel Juárez: Department of Business Administration, Faculty of Law, Economics and Tourism, University of Lleida, Lleida, Spain

Agricultural Economics, 2021, vol. 67, issue 12, 500-510

Abstract: The introduction of the euro is one of the great achievements of the European integration process. We ask whether the creation of the euro led to a significant increase in pig meat trade in the eurozone. The pig meat industry is the most important in the European meat sector, and the EU is the world's second-biggest producer of pork and the leading supplier of pig meat to the global market. No study has yet been conducted in this respect for this sector. Our results suggest that pig meat trade was encouraged between countries sharing the euro, although the impact of EU single market was still greater. Trade creation was also observed, increasing pig meat exports from eurozone to non-eurozone countries. Also, non-eurozone EU exporters suffer from a diversion effect that benefits eurozone exporters.

Keywords: eurozone; gravity models; international trade; trade creation; trade diversion (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:67:y:2021:i:12:id:109-2021-agricecon

DOI: 10.17221/109/2021-AGRICECON

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