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Title: Seaborne trade between developed and developing countries
Authors: Yip, TL 
Issue Date: 2012
Source: The Asian journal of shipping and logistics, 2012, v. 28, no. 3, p. 369-389
Abstract: This paper analyses the international grain trade flow by using the gravity equation of trade. On the basis of microeconomic theory and the new trade theory, the gravity equation of trade is used to examine grain exports and imports between pairs of countries. One of the main purposes of this paper is to examine how the grain trade is affected by economic factors, population, and country development. By using data of 41 major trading countries over 14 years (1996-2009), the gravity equation of two different specifications are deployed for the investigation. The analysis differentiates between developed and developing countries and identifies the differences between different pairing. Importer's GDP lead to grain trade growing much faster than exporter's GDP. Developing countries tend to import less grain but developed countries import more, if the population is higher. The paper provides a new insight about the grain trade flow between developed and developing countries.
Keywords: Grain trade
Bulk shipping
Cereal
Gravity model
International business
Publisher: Korean Association of Shipping and Logistics
Journal: The Asian Journal of Shipping and Logistics 
ISSN: 2092-5212
DOI: 10.1016/j.ajsl.2013.01.005
Rights: Copyright ©2012, The Korean Association of Shipping and Logistics, Inc. Production and hosting by Elsevier B.V. Open access under CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
The following publication Yip, T. L. (2012). Seaborne trade between developed and developing countries. The Asian Journal of Shipping and Logistics, 28(3), 369-389 is available at https://doi.org/10.1016/j.ajsl.2013.01.005
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