Transaction costs and trade liberalization: An empirical perspective from the MERCOSUR agreement

Rodrigo Valdes, Stephan von Cramon-Taubadel and Alejandra Engler ()

Food Policy, 2015, vol. 55, issue C, 109-116

Abstract: Studies investigating the effect of trade liberalization policies on transaction costs in agricultural markets are scarce. The objective of our paper is to determine whether Brazil became more integrated with reduced transaction costs after the introduction of MERCOSUR with respect to its main agricultural trade partners, Argentina (a MERCOSUR member) and the United States (a non-MERCOSUR member).

Keywords: Market integration; Transaction costs; Threshold vector error correction model; Brazil; Argentina; United States (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:55:y:2015:i:c:p:109-116

DOI: 10.1016/j.foodpol.2015.06.005

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