Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142515
Authors: 
Ciaian, Pavel
Kancs, d'Artis
Pokrivcak, Jan
Year of Publication: 
2008
Series/Report no.: 
EERI Research Paper Series 03/2008
Abstract: 
The present study examines factor content of the CEE transition country agricultural trade. We examine the relative country abundance for labour, capital and land, and test the Heckscher-Ohlin-Vanek (HOV) hypothesis. Our empirical findings suggest that the factor content of agricultural exports and imports is rather similar in CEE and most of the agricultural trade flows do not satisfy the HOV prediction. In order to explain the general lack of agricultural specialisation and the observed paradox in the CEE's agricultural trade, we examine the role of transaction costs and market imperfections. We find that transaction costs and market imperfections distort farm specialisation and hence factor content of agricultural trade.
Subjects: 
Factor Content
Agricultural Trade
Comparative Advantages
Transaction Costs
JEL: 
F12
F14
D23
Q12
Q17
Document Type: 
Working Paper

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