The ‘Similarity’ of Agri-Food Trade Flows between the EU-28 and the Asia-50

Fanelli, Rosa Maria; Giglio, Alessandro

doi:10.1080/08853908.2020.1835587

Cited by 2 publications

(2 citation statements)

References 20 publications

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“…However, studying the impact of other potential classifications or commodity aggregations on the PS hypothesis is warranted. For instance, it would be interesting to examine the impact of the level of aggregation of primary products categories, i.e., the commodity heterogeneity of the sectors considered, that are considered in Fanelli and Giglio (2020) on the PS hypothesis. Another interesting factor is the impact of the changes in the quality of manufactured goods.…”

Section: Discussionmentioning

confidence: 99%

“…Classifications of primary commodities are particularly important for understanding the behavior of price series. For instance, Fanelli and Giglio (2020) use the classification of agri-food products according to the Harmonized Commodity Descriptions and Coding System (HS-2) to study the factors affecting trade flows between groups of EU and Asian countries. The authors report that the HS-2 classification does not allow distinctions to be made between the trade in raw materials, semi-finished products, and final processed products.…”

Section: Literature Reviewmentioning

confidence: 99%

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A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis

Fahmy

2021

JRFM

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The Prebisch-Singer (PS) hypothesis, which postulates the presence of a downward secular trend in the price of primary commodities relative to manufacturers, remains at the core of a continuing debate among international trade economists. The reason is that the results of testing the PS hypothesis depend on the starting point of the technical analysis, i.e., stationarity, nonlinearity, and the existence of structural breaks. The objective of this paper is to appraise the PS hypothesis in the short- and long-run by employing a novel multiresolution wavelets decomposition to a unique data set of commodity prices. The paper also seeks to assess the impact of the terms of trade (also known as Incoterms) on the test results. The analysis reveals that the PS hypothesis is not supported in the long run for the aggregate commodity price index and for most of the individual commodity price series forming it. Furthermore, in addition to the starting point of the analysis, the results show that the PS test depends on the term of trade classification of commodity prices. These findings are of particular significance to international trade regulators and policymakers of developing economies that depend mainly on primary commodities in their exports.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis

Fahmy

2021

JRFM

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Trade Liberalization and Comparative Advantage: Evidence from Indonesia and Asian Trade Partners

et al. 2022

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This study analyzes whether ongoing liberalization has resulted in more profound trade expansion for Indonesia versus regional partner countries. A gravity model is first employed to find whether regional trade agreements resulted in more significant intra-regional exports or diverted trade. This study applies the generalized method of moment (GMM-sys) and the Poisson pseudo-maximum likelihood (PPML) estimator. Four groups of manufactured products are aggregated according to technology intensity, and two nature-based groups of products are estimated in the dynamic panel model. Additionally, revealed comparative advantage (RCA) and a trade balance index (TBI) for 5120 products are used to map goods based on specialization–advantage patterns. The gravity model indicates that regional trade agreements supported trade in manufactured and naturally sourced goods but not in high-tech and primary goods. Additionally, export expansion took place in goods that revealed comparative advantage and export specialization. Competition has increased between Indonesia and four regional trade partners: China, India, Thailand, and Vietnam. Indonesia gained from trading primary materials while losing in some low-cost manufacturing sectors. The potential for trade expansion remains large, as trade patterns differ among regional partners.

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The ‘Similarity’ of Agri-Food Trade Flows between the EU-28 and the Asia-50

Cited by 2 publications

References 20 publications

A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis

A Reappraisal of the Prebisch-Singer Hypothesis Using Wavelets Analysis

Trade Liberalization and Comparative Advantage: Evidence from Indonesia and Asian Trade Partners

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