식품무역의 린더효과분석

An Analysis of the Linder Effect on Food Trade

Recently, consumers’ interest in food safety has increased rapidly, and it may affect consumer preference and the food production process. Considering that high-income countries have stricter regulations on food production and greater consumer preferences for safe food products, countries’income level might have an important role in determining the quality of food products. Therefore, higher-income countries have possibly been exporting their food products to similar-income-level countries because of the greater consumer preference for safer food products. In this paper, we examine how income similarity between countries affects the trade flow of food products using a large-panel data set covering 2000 to 2018. We found that income similarity has an important role in the trade of food products and the Linder effect is larger than in the other industries we consider in this study. These results support the Linder hypothesis and imply that we need to consider income similarity an important variable in future research in food trade and when establishing a food exporting strategy.