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Quality of institutions and the BRIC countries agro-food exports

Author

Listed:
  • Štefan Bojnec
  • Imre Fertő
  • József Fogarasi
Abstract
Purpose - – The purpose of this paper is to investigate the impacts of institutional quality (IQ) in exporting and importing countries on agro-food exports from the world's leading emerging economies: Brazil, the Russian Federation, India and China (BRIC countries). Design/methodology/approach - – Measuring is based on using the gravity trade model and econometric panel data analysis for the period 1998-2009. Findings - – Agro-food exports from the BRIC countries, particularly Brazil and China, have increased. The Russian Federation has experienced stagnating and volatile patterns. Brazil and India have strengthened market shares in the existing importing markets, while the Russian Federation has experienced severe deterioration. The export of existing products is more important than of new products. Agro-food exports are positively associated withIQand the size of the gross domestic product in exporting and importing countries, but negatively with distance. Research limitations/implications - – AmongIQvariables, the focus is on the indices of legal structure and security of property rights and freedom to trade internationally in agro-food importing countries and the BRIC exporting countries. Practical implications - – Different institutions and their quality can affect agro-food exports differently. The impact of institutions is not uniform across product groups. Originality/value - – This paper adds the impacts ofIQon agro-food exports. Except for processed products for final household consumption, agro-food exports from the BRIC countries are positively associated with the quality of the legal structure, the security of property rights and the freedom to trade internationally asIQin exporting and importing countries.

Suggested Citation

  • Štefan Bojnec & Imre Fertő & József Fogarasi, 2014. "Quality of institutions and the BRIC countries agro-food exports," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 6(3), pages 379-394, August.
    • Handle: RePEc:eme:caerpp:v:6:y:2014:i:3:p:379-394
    DOI: 10.1108/CAER-02-2013-0034
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    Citations

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    Cited by:

    1. Flavio Vilela Vieira & Cleomar Gomes Da Silva, 2018. "Brics Export Performance: An Ardl Bounds Testing Empirical Investigation," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 101, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Younas Khan & Štefan Bojnec & Umar Daraz & Farah Zulpiqar, 2024. "Exploring the nexus between poor governance and household food security," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-17, April.
    3. Fiankor, Dela-Dem Doe & Martinez-Zarzoso, Inmaculada & Brümmer, Bernhard, 2018. "Exports and governance: the role of private voluntary standards," GlobalFood Discussion Papers 275059, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    4. Flavio Vilela Vieira & Cleomar Gomes da Silva, 2021. "What drives export performance in the BRICS countries? An ARDL investigation," Economics Bulletin, AccessEcon, vol. 41(2), pages 686-695.
    5. Jiehong Zhou & Yu Wang & Rui Mao, 2019. "Dynamic and spillover effects of USA import refusals on China's agricultural trade: Evidence from monthly data," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(9), pages 425-434.
    6. Mamadou Bah & Henri Atangana Ondoa & Koffi Délali Kpognon, 2021. "Effects of governance quality on exports in Sub-Saharan Africa," International Economics, CEPII research center, issue 167, pages 1-14.
    7. Bojnec, Stefan & Ferto, Imre, 2015. "Global Agri-Food Export Competitiveness," 2015 Conference, August 9-14, 2015, Milan, Italy 211360, International Association of Agricultural Economists.
    8. Adrino Mazenda & Tyanai Masiya & Norman Nhede, 2018. "South Africa-BRIC-SADC Trade Alliances and the South African Economy," International Studies, , vol. 55(1), pages 61-74, January.
    9. Helena Engemann & Yaghoob Jafari & Thomas Heckelei, 2023. "Institutional quality and the duration of agri‐food trade flows," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(1), pages 135-154, February.
    10. Abdikarim Bashir Jama, 2020. "The Effect of Institutional Quality on Export performance of Middle East & North-Africa Region," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(1), pages 14-20, January.

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