TITLE:
Analysis and Comparison of the Factors Influencing Worldwide Four Kinds of Vegetable Oil Trade: Based on Gravity Model
AUTHORS:
Jiayou Wang
KEYWORDS:
Bilateral Trade, Vegetable Oil, Gravity Model
JOURNAL NAME:
Modern Economy,
Vol.7 No.2,
February
22,
2016
ABSTRACT: This paper analyzes the
motivator and obstructive elements influencing trade of four kinds of vegetable
oil by using the generalized gravity model. The balanced panel dataset used in the
analysis includes bilateral trade spans 80 countries for the period from 2000
to 2013. Empirical results reveal that importer’s GDP plays a leading role to boosting
four kinds of vegetable oils trade and there is a positive impact of oilseeds
trade on vegetable oil trade and bilateral exchange rate has nothing to do with
the vegetable oil trade.