Firms` Strategic Decisions: Theoretical and Empirical Findings

Volume: 3

Strategic Decision Making in Asia’s Regional Agriculture: The Impact of Uruguay Round’s Multilateral Trade Liberalization Agreement

Author(s): Kazi Arif Uz Zaman and Kaliappa Kalirajan

Pp: 190-213 (24)

DOI: 10.2174/9781681086255118030013

* (Excluding Mailing and Handling)


Using the Data Envelopment Analysis (DEA) and Malmquist index, this chapter analyzes how the Uruguay Round’s resolution on Agreement on Agriculture (AoA), which is a strategic decision making at the global level, has contributed to the strategic decision making in Asian agriculture at the national level. The empirical results reveal that the strategic decision making of trade liberalization at the national level has significantly contributed to growth in productivity and efficiency measures in Asian agriculture during the period of 1981 to 2012. As like the Kuznets hypothesis, an interesting inverted U-shaped movement of technical efficiency levels with trade liberalization is observed, while the movement of technological change on trade openness comes as U-shaped.

Keywords: Asian agriculture, Data Envelopment Analysis, Kuznets hypothesis, strategic decision making, Trade liberalization.

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