This paper quantifies the effect of GMO regulation on bilateral trade flows of agricultural products. We develop a composite index of GMO regulations and using a gravity model we show that bilateral differences in GMO regulation negatively affect trade flows. This effect is especially driven by labeling, approval process, and traceability. Our results are robust to the endogeneity of GMO standards to trade flows
International trade and endogenous standards : the case of GMO regulations / M. Vigani, V. Raimondi, A. Olper. - In: WORLD TRADE REVIEW. - ISSN 1474-7456. - 11:3(2012 Jul), pp. 415-437. [10.1017/S1474745612000262]
International trade and endogenous standards : the case of GMO regulations
M. ViganiPrimo
;V. RaimondiSecondo
;A. OlperUltimo
2012
Abstract
This paper quantifies the effect of GMO regulation on bilateral trade flows of agricultural products. We develop a composite index of GMO regulations and using a gravity model we show that bilateral differences in GMO regulation negatively affect trade flows. This effect is especially driven by labeling, approval process, and traceability. Our results are robust to the endogeneity of GMO standards to trade flows
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