Globalisation, Regionalisation, Market Integration and Price Analysis of Agricultural Products

A special issue of Agriculture (ISSN 2077-0472). This special issue belongs to the section "Agricultural Economics, Policies and Rural Management".

Deadline for manuscript submissions: 10 June 2024 | Viewed by 869

Special Issue Editors


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Guest Editor
Department of Economy, University of Jaén, 23071 Jaén, Spain
Interests: international trade; olive oil; environmental protection; forests; wastewater

E-Mail Website
Guest Editor
Department of Economy, University of Jaén, 23071 Jaén, Spain
Interests: agriculture; geographical indications; environmental taxes; world trade organization; sustainability

Special Issue Information

Dear Colleagues,

Since the beginning of the 21st century, exports of agricultural and agri-food products have maintained an intense dynamic and, in parallel, more countries have participated in these exchanges, including fruit and vegetable products, oilseeds, cereals, and meat and fish, which comprise a greater percentage of the total. Trade in agricultural products promotes the productive specialization of national economies, with benefits derived from this in terms of productivity and efficiency, and promotes access to food, contributing to guaranteeing global food security. The purpose of this monograph is to analyze the long-term trends that define the recent evolution of world trade in agricultural and agri-food products and, likewise, to investigate incipient changes that mark its nearest future, conditioned by various factors such as the war in Russia and Ukraine, the agreements of integration between countries and the development of trading blocs, the restrictive trade policies that have become widespread since the 2008 crisis, the effects of climate change on agricultural production and prices, the increase in fertilizer prices or the need to make the growth of the agri-food sector compatible with the sustainability of rural areas and environmental conservation. This Special Issue invites all types of articles, applying qualitative, quantitative, or mixed methodologies, as well as both empirical primary research and reviews, along with commentaries.

Prof. Dr. Encarnación Moral-Pajares
Prof. Dr. Leticia Gallego-Valero
Guest Editors

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Keywords

  • international trade
  • trade agreements
  • trade restrictions
  • world trade organization
  • Russia-Ukraine war
  • drought
  • climate change
  • agricultural prices
  • inflation
  • food safety
  • sustainability
  • geographical indications
  • environmental protection

Published Papers (1 paper)

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Research

25 pages, 755 KiB  
Article
Unraveling the Major Determinants behind Price Changes in Four Selected Representative Agricultural Products
by Nisa Sansel Tandogan Aktepe and İhsan Erdem Kayral
Agriculture 2024, 14(5), 782; https://doi.org/10.3390/agriculture14050782 - 19 May 2024
Viewed by 368
Abstract
This study aims to analyze the drivers behind price changes in agricultural products in Türkiye from 2002 to 2021, considering the impacts of three crises of different causes which are the global food crisis, the Russia–Türkiye aircraft crisis, and the COVID-19 pandemic. The [...] Read more.
This study aims to analyze the drivers behind price changes in agricultural products in Türkiye from 2002 to 2021, considering the impacts of three crises of different causes which are the global food crisis, the Russia–Türkiye aircraft crisis, and the COVID-19 pandemic. The potential factors are categorized into four subgroups: governmental effects, agricultural inputs, macroeconomic indicators, and climatic conditions. The selected agricultural goods for price change measurement include wheat and maize representing subsistence goods, and olive oil and cotton as marketing goods. The autoregressive distributed lag (ARDL) model is applied to observe both the short- and long-term impacts of the variables on price developments. The results suggest that government effectiveness, regulatory quality, nitrogen use, water price, money supply, exchange rate, and GDP under the related categories are the most effective factors in price changes. Among the variables under the category of climatic conditions, significant values are obtained only in the analysis of the temperature impact on olive oil. The analysis also reveals the variable impact of crises on the prices of the chosen products, depending on the goods involved. The maize and wheat analyses yield particularly noteworthy results. In the long run, nitrogen use demonstrates a substantial positive impact, registering at 29% for wheat and 19.47% for maize, respectively. Conversely, GDP exhibits a significant negative impact, with 26.15% and 20.08%. Short-term observations reveal that a unit increase in the governmental effect leads to a reduction in inflation for these products by 17.01% and 21.42%. However, changes in regulatory quality result in an increase in inflation by 25.45% and 20.77% for these products, respectively. Full article
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