GTAP Resources: Resource Display
| GTAP Resource #3002 |
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"Comparative Advantages, Transaction Costs and Factor Content of Agricultural Trade" by Kancs, d'Artis, Pavel Ciaian and Jan Pokrivcak Abstract The present study examines factor content of the CEE transition country agricultural trade. We examine the relative country abundance for labour, capital and land, and test the Heckscher-Ohlin-Vanek (HOV) hypothesis. Our empirical findings suggest that the factor content of agricultural exports and imports is rather similar in CEE and most of the agricultural trade flows do not satisfy the HOV prediction. In order to explain the general lack of agricultural specialisation and the observed paradox in the CEE's agricultural trade, we examine the role of transaction costs and market imperfections. We find that transaction costs and market imperfections distort farm specialisation and hence factor content of agricultural trade. Keywords: Factor Content, Agricultural Trade, Comparative Advantages, Transaction Cost. JEL classification: F12, F14, D23, Q12, Q17. |
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- Agricultural policies - Economic development - The GTAP Data Base and extensions - European Union |
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Public Access  2009 Conference Paper (237.2 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
