Foreign Trade Review最新文献

Trading in Turbulent Times: Unravelling the Interplay between Trade Policy Uncertainty and Geopolitics in Russian Mineral Resource Supply 动荡时期的贸易：解读俄罗斯矿产资源供应中贸易政策不确定性与地缘政治之间的相互作用

IF 1.3

Foreign Trade Review Pub Date : 2024-09-14 DOI: 10.1177/00157325241276252

Md. Monirul Islam, Kazi Sohag

{"title":"Trading in Turbulent Times: Unravelling the Interplay between Trade Policy Uncertainty and Geopolitics in Russian Mineral Resource Supply","authors":"Md. Monirul Islam, Kazi Sohag","doi":"10.1177/00157325241276252","DOIUrl":"https://doi.org/10.1177/00157325241276252","url":null,"abstract":"Trade policy plays a pivotal role in shaping import and export volumes within the global economy. However, the escalation of geopolitical tensions has posed significant challenges to the smooth flow of mineral resource trade. This study aims to analyse the consequences of global trade policy uncertainty (TPU) and various measures of geopolitical risk (GPR), including terror threats, war threats and nuclear threats (NCT), on Russian mineral exports (MEX). The analysis covers the period from January 2013 to December 2021. By employing sophisticated quantile regression methodologies, such as the cross-quantilogram (CQ) and cross-spectral quantile coherency (CQC) techniques, this study uncovers a compelling interaction between TPU and Russian MEX across different market conditions. Interestingly, TPU exerts a significantly positive impact on the export volumes of Russian mineral resources. In contrast, the presence of GPRs, particularly warfare and terrorism, proves to be detrimental to MEX during bullish market phases across various memory horizons. Surprisingly, NCT stimulates mineral trade during bearish market conditions, both in monthly and annual timeframes. These findings remain robust and consistent even when the CQC technique is employed. In light of these pressing geopolitical challenges, this study underscores the importance of developing sustainable mineral trade policies that foster enhanced global cohesion. It is crucial to address these challenges effectively to ensure the smooth and efficient flow of mineral resources in the international trade landscape.JEL Codes: C22, F13, F14, P28, Q21, Q27","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"40 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142258676","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Search Friction and Costly Entry in the Specific Factors Model 特定因素模型中的搜索摩擦和昂贵的进入成本

IF 1.3

Foreign Trade Review Pub Date : 2024-09-04 DOI: 10.1177/00157325241255749

Nancy H. Chau

引用次数: 0

Trade Gap and Public Debt Sustainability in Nigeria 尼日利亚的贸易差额和公共债务可持续性

IF 1.3

Foreign Trade Review Pub Date : 2024-08-30 DOI: 10.1177/00157325241274812

Kpeyol Kamo, Jerome Andohol, Gbatsoron Anjande, Victor Ushahemba Ijirshar

{"title":"Trade Gap and Public Debt Sustainability in Nigeria","authors":"Kpeyol Kamo, Jerome Andohol, Gbatsoron Anjande, Victor Ushahemba Ijirshar","doi":"10.1177/00157325241274812","DOIUrl":"https://doi.org/10.1177/00157325241274812","url":null,"abstract":"This study assessed the effect of the trade gap on public debt sustainability and the transmission from the trade gap to public debt sustainability through the revenue channel using annual data for Nigeria from 1970 to 2022. The novelty of this study lies in its investigation of factors affecting trade gap shocks and its departure from conventional debt sustainability metrics, offering a deeper understanding of the connection between trade gap and public debt sustainability. The study has been anchored on the theory of trade misinvoicing. The researchers applied the structural vector autoregressive (SVAR) method, which has been estimated using the impulse response function tool. The findings established a negative effect of the trade gap on public debt sustainability. The results further show that the revenue variable is, on average, related to a larger (negative) effect of the trade gap. However, the effect of the trade gap on debt sustainability is shown to be communicated through budget deficits and not the revenue channel. The study recommends that policymakers should prioritise measures to counteract the negative impact of the trade gap on the economy. This may include boosting exports, decreasing import reliance and enhancing competitiveness in global markets.JEL Codes: F14, H62, H63","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"11 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142209531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Imported Inputs and Export Performance: A Gravity Analysis 进口投入与出口绩效：引力分析

IF 1.3

Foreign Trade Review Pub Date : 2024-08-24 DOI: 10.1177/00157325241255743

Erick Kitenge, Sajal Lahiri

引用次数: 0

Book review: Rajib Bhattacharyya, Ramesh Chandra Das, and Achintya Ray (Eds.), COVID-19 Pandemic and Global Inequality: Reﬂections in Labour Market, Business and Social Sectors 书评：Rajib Bhattacharyya、Ramesh Chandra Das 和 Achintya Ray（编），《COVID-19 大流行病与全球不平等》：劳动力市场、商业和社会领域的影响

IF 1.3

Foreign Trade Review Pub Date : 2024-08-22 DOI: 10.1177/00157325241258790

Debashis Chakraborty

引用次数: 0

Strategic Trade Policy in a Cournot Oligopoly with Convex Cost 具有凸成本的库诺寡头垄断中的战略贸易政策

IF 1.3

Foreign Trade Review Pub Date : 2024-08-16 DOI: 10.1177/00157325241266040

Arijit Mukherjee, Uday Bhanu Sinha

引用次数: 0

Impact of Trade Liberalisation and MSME Classification on Productivity of Indian Manufacturing Firms 贸易自由化和中小微企业分类对印度制造业企业生产力的影响

IF 1.3

Foreign Trade Review Pub Date : 2024-05-19 DOI: 10.1177/00157325241239722

Subhadip Mukherjee, Rupa Chanda

{"title":"Impact of Trade Liberalisation and MSME Classification on Productivity of Indian Manufacturing Firms","authors":"Subhadip Mukherjee, Rupa Chanda","doi":"10.1177/00157325241239722","DOIUrl":"https://doi.org/10.1177/00157325241239722","url":null,"abstract":"This article examines the effects of tariff and non-tariff reductions on firm-level productivity of large as well as Micro, Small and Medium Enterprises (MSMEs) in India’s manufacturing sector for the 1999–2009 period. We calculate input and final goods tariffs, effective rates of protection and non-tariff barriers (NTBs) for broad product groups using information from India’s Exim Policy of 1997–2003 and 2004–2009 to examine this impact. We use a balanced as well as unbalanced firm-level panel data set, while accounting for firm, industry, state and time-specific factors. By using fixed effect models and Heckman’s two-step estimation procedure, we find that trade liberalisation is associated with improved firm-level productivity for large firms but not in the case of MSMEs. We posit that this might be due to the relative disadvantages that Indian MSMEs face which prevent them from benefiting from trade liberalisation. We also find that productivity gains arising from the sourcing of imported inputs have been greater than those arising from increased product competition and that NTB liberalisation has had a greater impact compared to tariff liberalisation on firm-level productivity. Changes in MSME legislation and the classification of firms are also found to have a bearing on firm performance. Our study contributes to the literature by confirming the need to focus specifically on constraints faced by MSMEs if they are to benefit from trade liberalisation. It highlights the importance of liberalising trade in intermediates as well as the role of MSME classification in enabling productivity gains.JEL Codes: L6, D24, L1, F13","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"21 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141148612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Extent, Excessiveness and Sustainability of Afghanistan’s Current Account 阿富汗经常账户的规模、过度性和可持续性

IF 1.3

Foreign Trade Review Pub Date : 2024-04-29 DOI: 10.1177/00157325241239724

Abdul Hadi Sultani, U. Faisal

{"title":"The Extent, Excessiveness and Sustainability of Afghanistan’s Current Account","authors":"Abdul Hadi Sultani, U. Faisal","doi":"10.1177/00157325241239724","DOIUrl":"https://doi.org/10.1177/00157325241239724","url":null,"abstract":"This article empirically investigates the extent, excessiveness and sustainability of Afghanistan’s current account (CA) deficits using quarterly data from 2004-Q2 to 2019-Q4. The framework of this article is the intertemporal approach to the CA using the present value model. First, a descriptive analysis of Afghanistan’s CA is conducted. Next, a bivariate vector auto-regressive (VAR) model is applied to estimate the optimal CA of the economy, which can be compared to the actual one to determine how excessiveness the actual CA is relative to the optimal one. The Augmented Dickey-Fuller and Johnson co-integration tests are applied to examine the necessary and sufficient conditions for the sustainability of the CA. Findings indicate that Afghanistan’s actual CA deficits are excessive and too variant relative to the optimal one; therefore, the deficit is considered problematic. The empirical results further disclose that Afghanistan’s CA is unsustainable. The lack of co-integration between real net output and real private consumption and between exports and imports suggests that the unsustainability is mainly due to the weakness of domestic production in satisfying internal demand and the failure of real export volume to equilibrate the trade balance. Hence, this study recommends increasing the level of domestic output, and reduction in imports supported by improvements in saving rate, infrastructure and export to improve the CA.JEL Codes: F14, F32, F39, C22","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"37 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140830823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trade Facilitation and Global Value Chain Participation: Cross-country Analysis 贸易便利化与全球价值链参与：跨国分析

IF 1.3

Foreign Trade Review Pub Date : 2024-04-16 DOI: 10.1177/00157325241239720

Ketan Reddy, Subash Sasidharan

引用次数: 0

FDI–Growth Nexus in Emerging Economies: Role of Financial Sector Development 新兴经济体的外国直接投资与增长关系：金融业发展的作用

IF 1.3

Foreign Trade Review Pub Date : 2024-02-25 DOI: 10.1177/00157325241227326

Pami Dua, Neha Verma

引用次数: 0