Analysis of Terms of Trade of Agricultural Commodities in Afghanistan
Price: ₹ 500
Author: Mohammad Ismail Hashime and Virendra Singh
Author Address: Assistant Professor, Afghanistan National Agricultural Sciences and Technology University (ANASTU), Kandahar (Afghanistan) and Professor, Department of Agril Economics, G..University of Agriculture and Technology, Pantnagar-263145 (Uttarakhand)
Keywords: Commodity price, commodity terms of trade, terms of trade.
JEL Codes: E10, E30, F13, Q13, Q17.
Abstract
The agricultural sector plays a leading role in the national exports of Afghanistan. Still, prolonged war and political instability in the country have weakened internal food security, intensified the dependence on imports of food items, and made the country suffer a chronic agricultural trade deficit. This engulfing agricultural trade deficit is attributed to a relative growth in agricultural exports and imports and a relative change in export prices. The present study attempted to examine the exchange competitiveness of traded commodities by estimating a ratio of export prices to import prices. Results showed that the commodity terms of trade of agricultural exports versus agricultural imports of Afghanistan with the rest of the world had increased during the study period. It was suggested that the country should focus on producing quality products with a higher market value at a low-costto gain from international trade.
Description
Indian Journal of Economics and Development
Volume 19 No. 2, 2023, 339-350
DOI: https://doi.org/10.35716/IJED-22426
NAAS Score: 5.15 (2023)
Indexed in SCOPUS and ESCI (Clarivate Analytics)
Journal Citation Indicator: 0.04 (WoS)
UGC Approved