FACTORS INFLUENCING THE VALUE OF VIETNAM'S AGRICULTURAL EXPORTS TO THE MARKETS OF MEMBER COUNTRIES OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP)
DOI:
https://doi.org/10.46827/ejefr.v8i5.1823Ključne reči:
agricultural exports, RCEP, gravity model, policy implicationsApstrakt
This study aims to investigate the determinants of Vietnam's agricultural export values to the Regional Comprehensive Economic Partnership (RCEP) member countries. Employing a quantitative analysis methodology within the post-RCEP effectuation landscape, the gravity model scrutinises the factors influencing export performance. The research encompasses an assessment of five key determinants: Vietnam's Gross Domestic Product (GDP), the GDP of RCEP member states, the proportion of agricultural land, geographical proximity, and bilateral exchange rates. Based on the empirical findings derived from the model, the author proposes a series of policy implications aimed at enhancing trade engagement with the RCEP market, catering to the government and business enterprises.
JEL: F13, F15
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