Does bilateral trade in cereals within SADC reflect virtual trade in water between countries with different water endowments?
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Informa UK Limited
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This paper examines intraregional bilateral trade in virtual water embedded in cereal flows between the Southern Africa Development Community (SADC) states. A gravity model is employed to examine whether annual bilateral trade depends on differences in water endowments, but also includes socio-economic and political determinants that affect trade. There is evidence that the abundance of water resources in a country influences trade for a product that is water dependent. Thus, the adverse effect of water scarcity in a country may be ameliorated by encouraging exports of water-intensive cereal crops where water is in abundance and imported where water is scarce.
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international trade, cereal crops, virtual water, exports, imports, agricultural trade, sadc countries, water resources, water scarcity, water demand, water availability, policies, models