THE ROLE OF FOOD CRISIS AND TRADE COSTS IN THE HUNGARIAN MAIZE EXPORTS
Journal Title: Zagadnienia Ekonomiki Rolnej - Year 2017, Vol 353, Issue 4
Abstract
Maize is one of the most important agricultural export products in Hungary. The paper investigates the role of economic crisis and trade costs on the pattern of Hungarian maize exports over the period from 1996 to 2015. The authors employ standard gravity model to explain the drivers of Hungarian maize exports at the world market. The results suggest that on the demand side both importers’ market size and the importers’ income have positive and significant impacts on Hungarian maize exports. The distance and crisis have negative impacts, whilst the EU membership positively influenced Hungarian maize exports.
Authors and Affiliations
Imre Fertő, Andras Bence Szerb
Keywords
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