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Effects of international trade on world agricultural production and productivity: evidence from a panel of 126 countries 1962-2014

The international food and agribusiness management review, 2022-03, Vol.25 (2), p.293-309 [Peer Reviewed Journal]

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Title:
Effects of international trade on world agricultural production and productivity: evidence from a panel of 126 countries 1962-2014
Author: Yuan, Lingran ; Zhang, Qizheng ; Wang, Shuo ; Hu, Weibin ; Gong, Binlei
Subjects: Agricultural and Food Policy ; agricultural spillovers and productivity ; developed and less developed countries ; GATT and WTO periods ; International Relations/Trade ; Production Economics ; spatial econometrics and model averaging
Is Part Of: The international food and agribusiness management review, 2022-03, Vol.25 (2), p.293-309
Description: General Agreement on Tariffs and Trade (GATT) was notable in largely excluding agriculture whereas the World Trade Organization (WTO) brought agriculture into the world trade rules. This article aims to evaluate the impacts of trade on agriculture production and productivity, especially the changes between the GATT and WTO periods. Using a panel of 126 countries from 1962-2014, this article derives not only spillover effects that were overlooked, but also provides more accurate productivity than was estimated with bias in literature for both periods. We find that trade hindered agriculture production and productivity in the GATT period but improved agriculture production and productivity in the WTO period.
Language: English
Identifier: ISSN: 1559-2448
EISSN: 1559-2448
DOI: 10.22004/ag.econ.320218
Source: AgEcon
GFMER Free Medical Journals
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