Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Tipo de documento: | Tese |
Idioma: | por |
Título da fonte: | LOCUS Repositório Institucional da UFV |
Texto Completo: | http://locus.ufv.br/handle/123456789/144 |
Resumo: | There is a growing perception on international trade literature about the importance given to institutions in determining trade flows. Good quality institutional infrastructure is associated with lower transaction costs among market participants and, therefore, with market efficiency. Thus, this study aimed at assessing the effect of domestic institutions and institutional differences between countries on trade flows of agricultural products. Additionally, we sought to determine to what extent institutional diversity has limited the gains from trade promoted by regional agreements. The analysis was carried out through the estimation of gravity models in which variables were included to represent the quality of institutions and institutional disparity between countries and its effect on regional trade agreements results. The sample used in this study included 83 countries and a 5 year period (2005-2009). Using these information, country-pair combinations were made and resulted in 34,030 observations of which 5,513 were zero trade flows. The method used to estimate the equations was the Poisson Pseudo-Maximum Likelihood (PPML) model. The results indicated that the quality of domestic institutions has no significant effect on trade flows of agricultural products, although the signs of the coefficients have presented the expected sign. The disparity of the institutions represented by dummies for different levels of institutional diversity (one, two and three standard deviations) presented significant and negative effect for two deviations. The coefficient of the dummy for heterogeneity greater than one standard deviation was negative, but not significant. Besides, a continuous variable was included to represent the institutional differences between countries and its coefficient was negative and significant. These results suggest that institutional differences between countries contributed to raise transaction costs, reducing agricultural trade. Finally, interactions between the dummies for institutional difference and regional trade agreement were used in order to assess the effect of institutional heterogeneity on trade flows. The results indicated that institutional differences greater than two deviations limited the results of regional trade agreements. Therefore, although the quality of domestic institutions has not presented a significant effect on trade flows of agricultural products, the institutional disparity between countries has contributed to reduce trade and limits the gains from regional agreements. |
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Mendonça, Talles Girardi dehttp://lattes.cnpq.br/4012590771325158Silva, Orlando Monteiro dahttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4781281D9Braga, Marcelo Joséhttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4798666D3Lírio, Viviani Silvahttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4763739E6Souza, Maurício Jorge Pinto dehttp://lattes.cnpq.br/7590747036148098Rocha, Luiz Eduardo de Vasconceloshttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4728885P0Gomes, Marília Fernandes Macielhttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4780074U12015-03-19T19:35:08Z2012-07-062015-03-19T19:35:08Z2011-09-16MENDONÇA, Talles Girardi de. Effects of institutional heterogeneity on bilateral trade of agricultural products, 2005-2009. 2011. 124 f. Tese (Doutorado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2011.http://locus.ufv.br/handle/123456789/144There is a growing perception on international trade literature about the importance given to institutions in determining trade flows. Good quality institutional infrastructure is associated with lower transaction costs among market participants and, therefore, with market efficiency. Thus, this study aimed at assessing the effect of domestic institutions and institutional differences between countries on trade flows of agricultural products. Additionally, we sought to determine to what extent institutional diversity has limited the gains from trade promoted by regional agreements. The analysis was carried out through the estimation of gravity models in which variables were included to represent the quality of institutions and institutional disparity between countries and its effect on regional trade agreements results. The sample used in this study included 83 countries and a 5 year period (2005-2009). Using these information, country-pair combinations were made and resulted in 34,030 observations of which 5,513 were zero trade flows. The method used to estimate the equations was the Poisson Pseudo-Maximum Likelihood (PPML) model. The results indicated that the quality of domestic institutions has no significant effect on trade flows of agricultural products, although the signs of the coefficients have presented the expected sign. The disparity of the institutions represented by dummies for different levels of institutional diversity (one, two and three standard deviations) presented significant and negative effect for two deviations. The coefficient of the dummy for heterogeneity greater than one standard deviation was negative, but not significant. Besides, a continuous variable was included to represent the institutional differences between countries and its coefficient was negative and significant. These results suggest that institutional differences between countries contributed to raise transaction costs, reducing agricultural trade. Finally, interactions between the dummies for institutional difference and regional trade agreement were used in order to assess the effect of institutional heterogeneity on trade flows. The results indicated that institutional differences greater than two deviations limited the results of regional trade agreements. Therefore, although the quality of domestic institutions has not presented a significant effect on trade flows of agricultural products, the institutional disparity between countries has contributed to reduce trade and limits the gains from regional agreements.É crescente, na literatura sobre comércio internacional, a importância atribuída às instituições na determinação dos fluxos comerciais. A existência de infra-estrutura institucional de boa qualidade está associada a menores custos de transação entre os participantes do mercado e, portanto, à maior eficiência dos mercados. Neste sentido, este trabalho teve por objetivo avaliar o efeito das instituições domésticas e da disparidade institucional entre países sobre os fluxos comerciais de produtos do setor agropecuário. Adicionalmente, pretendeu-se verificar até que ponto a heterogeneidade institucional limitou os ganhos comerciais promovidos pelos acordos regionais. A análise foi operacionalizada por meio da estimação de modelos gravitacionais, nos quais foram inseridas variáveis representativas da qualidade do ambiente institucional doméstico e da disparidade das instituições entre países e seu efeito sobre os resultados dos acordos regionais de comércio. A amostra utilizada no trabalho foi obtida de 83 países por um período de 5 anos (2005-2009). Utilizando-se dessas informações, foram feitas combinações de pares de países o que resultou em 34.030 observações das quais 5.513 foram fluxos comerciais nulos. O método utilizado na estimação das equações foi o modelo Poisson-Pseudo Maximum Likelihood (PPML). Os resultados indicaram que a qualidade do ambiente institucional doméstico não possui efeito significativo sobre os fluxos comerciais de produtos agropecuários, embora os sinais dos coeficientes tenham apresentado o sinal esperado. A disparidade das instituições, representada por dummies de heterogeneidade institucional de diferentes níveis (um, dois e três desvios padrão), apresentou efeito significativo e negativo para dois desvios. O coeficiente da dummy para heterogeneidade de um desvio foi negativo, porém não significativo. Além disso, foi inserida uma variável contínua para representar a disparidade institucional entre países sendo o seu coeficiente negativo e significativo. Esses resultados sugerem que a disparidade institucional entre países atuou no sentido de elevar os custos de transação, reduzindo o comércio de produtos agropecuários. Por fim, foram utilizadas interações entre as dummies de diferença institucional e de acordo regional de comércio no intuito de verificar o efeito da heterogeneidade institucional sobre os fluxos comerciais. Os resultados indicaram que instituições díspares em mais de dois desvios limitaram os resultados dos acordos regionais de comércio. Portanto, embora a qualidade do ambiente institucional doméstico não tenha apresentado efeito significativo sobre os fluxos comerciais de produtos agropecuários, a disparidade institucional entre países contribuiu para reduzir o comércio e limitar os ganhos decorrentes dos acordos regionais.Universidade Federal de São João del Reiapplication/pdfporUniversidade Federal de ViçosaDoutorado em Economia AplicadaUFVBREconomia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos RecursosInstituiçõesSetor agropecuárioModelos gravitacionaisInstitutionsAgricultural sectorGravity modelsCNPQ::CIENCIAS SOCIAIS APLICADASEfeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009Effects of institutional heterogeneity on bilateral trade of agricultural products, 2005-2009info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/doctoralThesisinfo:eu-repo/semantics/openAccessreponame:LOCUS Repositório Institucional da UFVinstname:Universidade Federal de Viçosa (UFV)instacron:UFVORIGINALtexto completo.pdfapplication/pdf771223https://locus.ufv.br//bitstream/123456789/144/1/texto%20completo.pdf6138da3a0f05c60397e9db4541e2d177MD51TEXTtexto completo.pdf.txttexto completo.pdf.txtExtracted texttext/plain241882https://locus.ufv.br//bitstream/123456789/144/2/texto%20completo.pdf.txtfece3068c877eafe8a27ad4be9c66e43MD52THUMBNAILtexto completo.pdf.jpgtexto completo.pdf.jpgIM Thumbnailimage/jpeg3553https://locus.ufv.br//bitstream/123456789/144/3/texto%20completo.pdf.jpg263d0aab89bda02e143c32e7a6aff8e0MD53123456789/1442016-04-06 08:00:10.495oai:locus.ufv.br:123456789/144Repositório InstitucionalPUBhttps://www.locus.ufv.br/oai/requestfabiojreis@ufv.bropendoar:21452016-04-06T11:00:10LOCUS Repositório Institucional da UFV - Universidade Federal de Viçosa (UFV)false |
dc.title.por.fl_str_mv |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
dc.title.alternative.eng.fl_str_mv |
Effects of institutional heterogeneity on bilateral trade of agricultural products, 2005-2009 |
title |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
spellingShingle |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 Mendonça, Talles Girardi de Instituições Setor agropecuário Modelos gravitacionais Institutions Agricultural sector Gravity models CNPQ::CIENCIAS SOCIAIS APLICADAS |
title_short |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
title_full |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
title_fullStr |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
title_full_unstemmed |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
title_sort |
Efeitos da heterogeneidade institucional sobre o comércio bilateral de produtos agropecuários, 2005 a 2009 |
author |
Mendonça, Talles Girardi de |
author_facet |
Mendonça, Talles Girardi de |
author_role |
author |
dc.contributor.authorLattes.por.fl_str_mv |
http://lattes.cnpq.br/4012590771325158 |
dc.contributor.author.fl_str_mv |
Mendonça, Talles Girardi de |
dc.contributor.advisor-co1.fl_str_mv |
Silva, Orlando Monteiro da |
dc.contributor.advisor-co1Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4781281D9 |
dc.contributor.advisor-co2.fl_str_mv |
Braga, Marcelo José |
dc.contributor.advisor-co2Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4798666D3 |
dc.contributor.advisor1.fl_str_mv |
Lírio, Viviani Silva |
dc.contributor.advisor1Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4763739E6 |
dc.contributor.referee1.fl_str_mv |
Souza, Maurício Jorge Pinto de |
dc.contributor.referee1Lattes.fl_str_mv |
http://lattes.cnpq.br/7590747036148098 |
dc.contributor.referee2.fl_str_mv |
Rocha, Luiz Eduardo de Vasconcelos |
dc.contributor.referee2Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4728885P0 |
dc.contributor.referee3.fl_str_mv |
Gomes, Marília Fernandes Maciel |
dc.contributor.referee3Lattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4780074U1 |
contributor_str_mv |
Silva, Orlando Monteiro da Braga, Marcelo José Lírio, Viviani Silva Souza, Maurício Jorge Pinto de Rocha, Luiz Eduardo de Vasconcelos Gomes, Marília Fernandes Maciel |
dc.subject.por.fl_str_mv |
Instituições Setor agropecuário Modelos gravitacionais |
topic |
Instituições Setor agropecuário Modelos gravitacionais Institutions Agricultural sector Gravity models CNPQ::CIENCIAS SOCIAIS APLICADAS |
dc.subject.eng.fl_str_mv |
Institutions Agricultural sector Gravity models |
dc.subject.cnpq.fl_str_mv |
CNPQ::CIENCIAS SOCIAIS APLICADAS |
description |
There is a growing perception on international trade literature about the importance given to institutions in determining trade flows. Good quality institutional infrastructure is associated with lower transaction costs among market participants and, therefore, with market efficiency. Thus, this study aimed at assessing the effect of domestic institutions and institutional differences between countries on trade flows of agricultural products. Additionally, we sought to determine to what extent institutional diversity has limited the gains from trade promoted by regional agreements. The analysis was carried out through the estimation of gravity models in which variables were included to represent the quality of institutions and institutional disparity between countries and its effect on regional trade agreements results. The sample used in this study included 83 countries and a 5 year period (2005-2009). Using these information, country-pair combinations were made and resulted in 34,030 observations of which 5,513 were zero trade flows. The method used to estimate the equations was the Poisson Pseudo-Maximum Likelihood (PPML) model. The results indicated that the quality of domestic institutions has no significant effect on trade flows of agricultural products, although the signs of the coefficients have presented the expected sign. The disparity of the institutions represented by dummies for different levels of institutional diversity (one, two and three standard deviations) presented significant and negative effect for two deviations. The coefficient of the dummy for heterogeneity greater than one standard deviation was negative, but not significant. Besides, a continuous variable was included to represent the institutional differences between countries and its coefficient was negative and significant. These results suggest that institutional differences between countries contributed to raise transaction costs, reducing agricultural trade. Finally, interactions between the dummies for institutional difference and regional trade agreement were used in order to assess the effect of institutional heterogeneity on trade flows. The results indicated that institutional differences greater than two deviations limited the results of regional trade agreements. Therefore, although the quality of domestic institutions has not presented a significant effect on trade flows of agricultural products, the institutional disparity between countries has contributed to reduce trade and limits the gains from regional agreements. |
publishDate |
2011 |
dc.date.issued.fl_str_mv |
2011-09-16 |
dc.date.available.fl_str_mv |
2012-07-06 2015-03-19T19:35:08Z |
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2015-03-19T19:35:08Z |
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info:eu-repo/semantics/publishedVersion |
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MENDONÇA, Talles Girardi de. Effects of institutional heterogeneity on bilateral trade of agricultural products, 2005-2009. 2011. 124 f. Tese (Doutorado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2011. |
dc.identifier.uri.fl_str_mv |
http://locus.ufv.br/handle/123456789/144 |
identifier_str_mv |
MENDONÇA, Talles Girardi de. Effects of institutional heterogeneity on bilateral trade of agricultural products, 2005-2009. 2011. 124 f. Tese (Doutorado em Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos) - Universidade Federal de Viçosa, Viçosa, 2011. |
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Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos |
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Universidade Federal de Viçosa |
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