The institutional determinants of bilateral Agricultural and food trade
Fájlok
Dátum
Szerzők
Bojnec, Štefan
Fertő, Imre
Folyóirat címe
Folyóirat ISSN
Kötet címe (évfolyam száma)
Kiadó
University of Debrecen, Faculty of Economics and Business
Absztrakt
Leírás
The paper investigates the effects of the institutional determinants on trade in agricultural and food products among the OECD countries using a gravity model approach. We focus on the impact of the quality of governance and the similarity of institutions in explaining variation in bilateral agricultural and food trade patterns. Results confirmed the separate effects for the institutional similarity and the institutional quality on trade patterns. The institutional similarity has positive and significant impact on trade in a similar institutional framework for agricultural, but less for food products. The institutional quality has significant positive impact on trade in both agricultural and food products for importing countries.
Kulcsszavak
Institutions, international trade, gravity model