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The present study examines factor content of the CEE transition countryagricultural trade. We examine the relative country abundance for labour,capital and land, and test the Heckscher-Ohlin-Vanek (HOV) hypothesis. Ourempirical findings suggest that the factor content of agricultural exports andimports is rather similar in CEE and most of the agricultural trade flows donot 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 findthat transaction costs and market imperfections distort farm specialisation andhence factor content of agricultural trade.

Keywords: Factor Content ; Agricultural Trade ; Comparative Advantages ; Transaction Cost

Subject(s): Agricultural and Food Policy

Issue Date: 2009

Publication Type: Working or Discussion Paper

PURL Identifier: http://purl.umn.edu/115421

Total Pages: 34

JEL Codes: F12; F14; D23; Q12; Q17

Series Statement: Working Paper

2008-04

Record appears in: AgFoodTrade - New Issues in Agricultural, Food and Bioenergy Trade > Public Working Papers





Autor: Kancs, d-Artis ; Ciaian, Pavel ; Pokrivcak, Jan

Fuente: http://ageconsearch.umn.edu/record/115421?ln=en







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