Intra-industry Trade in Agricultural Products on intra-EC level: The Impact of the Common Agricultural Policy CAP Funds Report as inadecuate




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This paper aims at specifying the main determinants of the intra-industry trade in agricultural products, associated with the funds of the Common Agricultural Policy (CAP)of the EC, and more precisely, with its “price support mechanism” and its “structuralreform policy.” It presents CAP’s reformed main tools and mechanisms, and explainsthe choice of selected variables as determinants of intra-industry trade in agriculturalproducts at intra-EC trade. The econometric analysis covers the period 1973-2005, followingrecent developments in time-series analysis employing the ARDL approach tocointegration. The empirical results provide evidence of Granger causal effects in bothon short-run and long-run horizon running from CAP’s above mentioned policy tools tointra-industry trade.

Keywords: Common Agricultural Policy (CAP) ; Economic integration ; intraindustry trade

Subject(s): Agricultural and Food Policy

Issue Date: 2010

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/163325 Published in: Agricultural Economics Review, Volume 11, Issue 2 Page range: 5-17

Total Pages: 13

Record appears in: Greek Association of Agricultural Economists > Agricultural Economics Review

Agricultural Economics Review





Author: Katrakilidis, Konstantinos ; Mardas, Dimitri

Source: http://ageconsearch.umn.edu/record/163325?ln=en







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