Intraregional export flows and export efficiency in palm oil and palm-based products: Southeast Asia and Latin America regions compared
Document Type
Article
Publication Date
1-1-2022
Abstract
Arguably, leveraging the intraregional market is important for a commodity like palm oil that constantly faces challenges to sustain global demand in extraregional markets. The article, therefore, compares intraregional export potentials for palm oil in two regions that are at the frontier for palm oil expansion, Southeast Asia and Latin America. The study employs a stochastic frontier gravity model to estimate intraregional export performance. The results indicate large untapped potentials and low-efficiency levels in both regions. The evidence further suggests that the export potential limiting factors have increased over time. © 2021 Taylor & Francis Group, LLC.
Keywords
Latin America, Palm oil and palm-based products, Southeast Asia, Stochastic frontier gravity model, Trade potential
Divisions
FacultyofEconomicsAdministration
Funders
Universiti Malaya [Grant No: GC003C-17SBS]
Publication Title
International Trade Journal
Volume
36
Issue
3
Publisher
Routledge