Neighbourhood Effects on the world maize market between 1996 and 2015
DOI:
https://doi.org/10.31914/aak.2506Keywords:
corn, export, neighborhood effect, agricultureAbstract
The globalization of agriculture has significantly transformed the world trade of maize. The market growth of recent decades, the increase in the number of free trade agreements and territorial concentration justify the study of neighbourhood effects. Although the literature on neighbourhood effects has previously focused almost exclusively on the industrial and service sectors, an examination of the agricultural sectors has also become increasingly common in recent years. The aim of the study is to present spatial dependence as a phenomenon indicating neighbourhood effects in the world maize market between 1996 and 2015. The article analyses spatial dependence in the maize market using Moran’s global and local I indicator, covering the effects of temporal dynamics of neighbourhood effects. Our results confirmed that the expansion of the maize market has led to an increase in spatial dependence, mainly limited to only few regions. In the global maize market, we were able to identify the presence of three hot zones in North America, South America, and Europe.
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