Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015
The aim of the paper was to examine the evolution of the importance and comparative advantages of the EU and US agri-food sector in world trade in 1995-2015. The research is based on data from UNCTAD (United Nations Conference on Trade and Development) resources. The following indicators were used i...
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| Format: | Article |
| Language: | English |
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Warsaw University of Life Sciences Press
2017-12-01
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| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
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| Online Access: | https://prs.sggw.edu.pl/article/view/2934 |
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| _version_ | 1832541040830054400 |
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| author | Karolina Pawlak |
| author_facet | Karolina Pawlak |
| author_sort | Karolina Pawlak |
| collection | DOAJ |
| description | The aim of the paper was to examine the evolution of the importance and comparative advantages of the EU and US agri-food sector in world trade in 1995-2015. The research is based on data from UNCTAD (United Nations Conference on Trade and Development) resources. The following indicators were used in the comparative advantage analysis: Balassa’s Revealed Comparative Advantage (RCA), Vollrath’s Revealed Competitiveness (RC), the Revealed Symmetric Comparative Advantage (RSCA), and the Lafay’s Trade Balance Index (TBI). In 1995-2015, the EU countries and the US were the largest players of world trade in agri-food products. The EU countries held comparative advantages in the global market as regards exports of products of animal origin whereas the exports of cereals, preparations of cereals, oilseeds and oleaginous fruits and meat products were the source of revealed comparative advantages for the US. Both the EU countries and the US reached high comparative advantages in trade in those assortment groups which corresponded to their highest shares in global exports and generated a high, consistently increasing positive trade balance. Therefore, their comparative advantages were the source of their favourable export specialisation profile, which is consistent with the classical comparative costs principle. |
| format | Article |
| id | doaj-art-cdf8114e61e14e2894c46724281a88c3 |
| institution | Kabale University |
| issn | 2081-6960 2544-0659 |
| language | English |
| publishDate | 2017-12-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj-art-cdf8114e61e14e2894c46724281a88c32025-02-04T10:43:10ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592017-12-0117410.22630/PRS.2017.17.4.100Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015Karolina Pawlak0Uniwersytet Przyrodniczy w PoznaniuThe aim of the paper was to examine the evolution of the importance and comparative advantages of the EU and US agri-food sector in world trade in 1995-2015. The research is based on data from UNCTAD (United Nations Conference on Trade and Development) resources. The following indicators were used in the comparative advantage analysis: Balassa’s Revealed Comparative Advantage (RCA), Vollrath’s Revealed Competitiveness (RC), the Revealed Symmetric Comparative Advantage (RSCA), and the Lafay’s Trade Balance Index (TBI). In 1995-2015, the EU countries and the US were the largest players of world trade in agri-food products. The EU countries held comparative advantages in the global market as regards exports of products of animal origin whereas the exports of cereals, preparations of cereals, oilseeds and oleaginous fruits and meat products were the source of revealed comparative advantages for the US. Both the EU countries and the US reached high comparative advantages in trade in those assortment groups which corresponded to their highest shares in global exports and generated a high, consistently increasing positive trade balance. Therefore, their comparative advantages were the source of their favourable export specialisation profile, which is consistent with the classical comparative costs principle.https://prs.sggw.edu.pl/article/view/2934international competitivenesscomparative advantagesexport specialisationagri-food productsworld tradethe EU |
| spellingShingle | Karolina Pawlak Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego international competitiveness comparative advantages export specialisation agri-food products world trade the EU |
| title | Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 |
| title_full | Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 |
| title_fullStr | Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 |
| title_full_unstemmed | Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 |
| title_short | Importance and Comparative Advantages of the EU and US Agri-food Sector in World Trade in 1995-2015 |
| title_sort | importance and comparative advantages of the eu and us agri food sector in world trade in 1995 2015 |
| topic | international competitiveness comparative advantages export specialisation agri-food products world trade the EU |
| url | https://prs.sggw.edu.pl/article/view/2934 |
| work_keys_str_mv | AT karolinapawlak importanceandcomparativeadvantagesoftheeuandusagrifoodsectorinworldtradein19952015 |