{"title":"Decomposing the impact of genetically modified organism regulation on bilateral trade: An application to corn trade","authors":"M. Amine Hedoui, John C. Beghin","doi":"10.1111/1467-8489.12591","DOIUrl":null,"url":null,"abstract":"<p>Our study investigates the impact of genetically modified organism (GMO) regulations on international agricultural trade, with a specific focus on GMO approvals. We analyse the effects of GMO regulations on bilateral trade through three main pathways: productivity enhancements in the exporting country, regulatory dissimilarities between trading partners and the influence of GMO approvals on demand in the importing country. Using a panel data set on corn trade and employing advanced econometric techniques, our findings reveal that GMO cultivation approvals in exporting countries have the most substantial and consistent positive effect on trade. Conversely, the impact of GMO demand approvals in importing countries is relatively smaller and negative. Additionally, regulatory dissimilarities between any two countries become negligible when accounting for the effects of cultivation and demand approvals. Thus, GMO approval regulations exert more significant multilateral effects on trade than bilateral ones.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":"69 1","pages":"157-177"},"PeriodicalIF":2.1000,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12591","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Australian Journal of Agricultural and Resource Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1467-8489.12591","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
引用次数: 0
Abstract
Our study investigates the impact of genetically modified organism (GMO) regulations on international agricultural trade, with a specific focus on GMO approvals. We analyse the effects of GMO regulations on bilateral trade through three main pathways: productivity enhancements in the exporting country, regulatory dissimilarities between trading partners and the influence of GMO approvals on demand in the importing country. Using a panel data set on corn trade and employing advanced econometric techniques, our findings reveal that GMO cultivation approvals in exporting countries have the most substantial and consistent positive effect on trade. Conversely, the impact of GMO demand approvals in importing countries is relatively smaller and negative. Additionally, regulatory dissimilarities between any two countries become negligible when accounting for the effects of cultivation and demand approvals. Thus, GMO approval regulations exert more significant multilateral effects on trade than bilateral ones.
期刊介绍：
The Australian Journal of Agricultural and Resource Economics (AJARE) provides a forum for innovative and scholarly work in agricultural and resource economics. First published in 1997, the Journal succeeds the Australian Journal of Agricultural Economics and the Review of Marketing and Agricultural Economics, upholding the tradition of these long-established journals.
Accordingly, the editors are guided by the following objectives:
-To maintain a high standard of analytical rigour offering sufficient variety of content so as to appeal to a broad spectrum of both academic and professional economists and policymakers.
-In maintaining the tradition of its predecessor journals, to combine articles with policy reviews and surveys of key analytical issues in agricultural and resource economics.
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