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GTAP Resources: Resource Display

GTAP Resource #3002

"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.


Resource Details (Export Citation) GTAP Keywords
Category: 2009 Conference Paper
Status: Published
By/In: Presented at the 12th Annual Conference on Global Economic Analysis, Santiago, Chile
Date: 2009
Version:
Created: Pokrivcak, J. (4/13/2009)
Updated: Pokrivcak, J. (4/13/2009)
Visits: 2,196
- Agricultural policies
- Economic development
- The GTAP Data Base and extensions
- European Union


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