Table 2 Average values of trade flows and flow variation index \(\rho _{ij}\) for each of the three sets, in US$ (a), Kcal (b), and Virtual water (VW, m\(^3\)). The bar indicates the average operator.
From: Role of trade agreements in the global cereal market and implications for virtual water flows
Operational activation | |
|---|---|
US $ | |
\(\overline{V_{ij}}(t)\) | \(3.59 \times 10^7\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 41.77 p.p |
Trade Agreement in t-1 and t | |
\(\overline{V_{ij}}(t)\) | \(6.13 \times 10^7\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 24.79 p.p |
No Trade Agreement | |
\(\overline{V_{ij}}(t)\) | \(3.05 \times 10^7\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 46.82 p.p |
Kcal | |
|---|---|
\(\overline{V_{ij}}(t)\) | \(5.23\times 10^{11}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 48.04 p.p |
Trade Agreement in t-1 and t | |
\(\overline{V_{ij}}(t)\) | \(7.55\times 10^{11}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 27.29 p.p |
No Trade Agreement | |
\(\overline{V_{ij}}(t)\) | \(4.36\times 10^{11}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 48.22 p.p |
VW m\(^3\) | |
|---|---|
\(\overline{V_{ij}}(t)\) | \(1.98 \times 10^{8}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 43.10 p.p |
Trade Agreement in t-1 and t | |
\(\overline{V_{ij}}(t)\) | \(2.56\times 10^{8}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 40.07 p.p |
No Trade Agreement | |
\(\overline{V_{ij}}(t)\) | \(1.94\times 10^{8}\) |
\(\overline{\mid \rho _{ij}\mid }_{w}\) | 54.99 p.p |
