The application of trade and growth theories to agriculture: A survey

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    Abstract

    This article reviews a broad range of theoretical concepts available to explain international trade in agricultural and food products. For many years agricultural trade analyses were largely based on traditional perceptions of comparative advantage following neoclassical theory. Observations of agricultural trade suggest, however, that concepts from modern trade and growth theories are increasingly relevant. This survey demonstrates that many opportunities exist for applying these new theories to the modern food economy
    Original languageEnglish
    Pages (from-to)505-542
    JournalThe Australian Journal of Agricultural and Resource Economics
    Volume44
    Issue number4
    DOIs
    Publication statusPublished - 2000

    Keywords

    • import quota licenses
    • intra-industry trade
    • r-and-d
    • intraindustry trade
    • international-trade
    • united-states
    • decreasing costs
    • game-theory
    • market
    • firms

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