Application of the gravity model on the exports of the Hungarian food economy

Székelyhidi, Katalin: Application of the gravity model on the exports of the Hungarian food economy. In: Challenges in national and international economic policies. pp. 115-131. (2018)

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The last few decades have been characterized by deepening trade connections and the elimination of trade barriers. There are more and more trade agreements among countries, and their integration is becoming deeper and deeper. This process is continuous as ongoing negotiations between countries and regional blocs proceed, for example between the EU and third countries. These processes make it important to identify and examine those factors that influence foreign trade flows (like distance, income and trade barriers) and to analyse the effects of integration, as nowadays, deeper forms of integration eliminate not only tariffs, but non-tariff barriers as well. In this study I model trade flows of the Hungarian food economy with a gravity model. Gravity models are widely used for ex-post analysis in order to examine the effects of agreements, and to model trade flow. The results of this study suggest that distance, tariffs and non-tariff barriers are serious obstacles to trade. They seem to confirm many countries’ efforts to establish deeper cooperation, not just to reduce tariffs but also non-tariff barriers, which often remain present after eliminating tariffs as well.

Item Type: Article
Journal or Publication Title: Challenges in national and international economic policies
Date: 2018
ISBN: 978-963-315-364-2
Page Range: pp. 115-131
Uncontrolled Keywords: Gazdaságpolitika - nemzetközi - 21. sz.
Additional Information: Bibliogr.: p. 129-131. ; összefoglalás angol nyelven
Date Deposited: 2019. Apr. 26. 10:41
Last Modified: 2019. Apr. 26. 10:41

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