ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns

We assess food trade among and across two Asian trading blocs, the Association of Southeast Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC), and China. Using most recent innovations in the empirical trade model, we find subpar trade for several countries but so...

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Autores principales: Ajmani, Manmeet Singh, Choudhary, Vishruta, Kishore, Avinash, Roy, Devesh
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2020
Materias:
Acceso en línea:https://hdl.handle.net/10568/143495
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author Ajmani, Manmeet Singh
Choudhary, Vishruta
Kishore, Avinash
Roy, Devesh
author_browse Ajmani, Manmeet Singh
Choudhary, Vishruta
Kishore, Avinash
Roy, Devesh
author_facet Ajmani, Manmeet Singh
Choudhary, Vishruta
Kishore, Avinash
Roy, Devesh
author_sort Ajmani, Manmeet Singh
collection Repository of Agricultural Research Outputs (CGSpace)
description We assess food trade among and across two Asian trading blocs, the Association of Southeast Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC), and China. Using most recent innovations in the empirical trade model, we find subpar trade for several countries but some over-trading as well, likely driven by weak economic fundamentals determining trade. Further, we find that Bangladesh, Philippines, Sri Lanka, and Viet Nam under-export to China, and to nearly all ASEAN and SAARC countries, with the magnitude varying between 40 and 100 percent below the predicted trade levels. While checking for competing explanations, we identify trading pair time variant factors such as tariffs reducing the magnitude of under-exporting of ASEAN and SAARC countries by 1 and 3 percent, respectively. We also highlight unobserved variables such as trust between countries as factors important for strong agricultural trade.
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spelling CGSpace1434952025-12-02T21:03:03Z ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns Ajmani, Manmeet Singh Choudhary, Vishruta Kishore, Avinash Roy, Devesh models asean trade gravity charts international trade We assess food trade among and across two Asian trading blocs, the Association of Southeast Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC), and China. Using most recent innovations in the empirical trade model, we find subpar trade for several countries but some over-trading as well, likely driven by weak economic fundamentals determining trade. Further, we find that Bangladesh, Philippines, Sri Lanka, and Viet Nam under-export to China, and to nearly all ASEAN and SAARC countries, with the magnitude varying between 40 and 100 percent below the predicted trade levels. While checking for competing explanations, we identify trading pair time variant factors such as tariffs reducing the magnitude of under-exporting of ASEAN and SAARC countries by 1 and 3 percent, respectively. We also highlight unobserved variables such as trust between countries as factors important for strong agricultural trade. 2020-02-01 2024-05-22T12:14:39Z 2024-05-22T12:14:39Z Working Paper https://hdl.handle.net/10568/143495 en https://hdl.handle.net/10568/147391 https://doi.org/10.2499/p15738coll2.133278 https://www.business-standard.com/article/opinion/leaving-rcep-a-missed-opportunity-120011601418_1.html https://www.theweek.in/news/biz-tech/2018/05/22/from-look-east-act-east-india-must-think-big-and-act-big.html https://thediplomat.com/2018/01/how-did-sanctions-impact-myanmar/ Open Access application/pdf International Food Policy Research Institute Ajmani, Manmeet; Choudhary, Vishruta; Kishore, Avinash; and Roy, Devesh. 2020. ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns. IFPRI Discussion Paper 1914. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.133662.
spellingShingle models
asean
trade
gravity charts
international trade
Ajmani, Manmeet Singh
Choudhary, Vishruta
Kishore, Avinash
Roy, Devesh
ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title_full ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title_fullStr ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title_full_unstemmed ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title_short ASEAN, SAARC, and the indomitable China in food trade: A gravity model analysis of trade patterns
title_sort asean saarc and the indomitable china in food trade a gravity model analysis of trade patterns
topic models
asean
trade
gravity charts
international trade
url https://hdl.handle.net/10568/143495
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