Foreign Trade Review最新文献_第4页

Does the Participation Degree in Global Value Chains Influence Carbon Emission Transfer Through International Trade in Belt and Road Countries? 全球价值链参与程度是否影响“一带一路”国家国际贸易碳排放转移?

IF 1.3

Foreign Trade Review Pub Date : 2023-06-11 DOI: 10.1177/00157325231166456

Muhammad Uzair Ali, Y. Wang

{"title":"Does the Participation Degree in Global Value Chains Influence Carbon Emission Transfer Through International Trade in Belt and Road Countries?","authors":"Muhammad Uzair Ali, Y. Wang","doi":"10.1177/00157325231166456","DOIUrl":"https://doi.org/10.1177/00157325231166456","url":null,"abstract":"Studying the impact of global value chains’ (GVCs) participation degrees on carbon emission transfer through international trade (CTIT) in Belt and Road Initiative (BRI) economies is of great significance because these economies are significant participants of GVCs and international trade. The current study, through the inter-regional Input-Output table, calculated the GVCs’ participation degrees (forward and backward participation) and CTIT (carbon emission transfer through export (ETET) and emission transfer through import [ETIT] trade) of 27 BRI economies from 2005 to 2018 and investigated the impact of the GVCs on CTIT. Several test results illustrated that endogenous issues did not affect the robustness of study discussions. The study articulates appropriate environmental governance policies that could realise emissions reduction goals. Significant results are (a) participation degree in GVCs increases the CTIT in BRI; (b) energy intensity, energy structure, final demand and secondary industry escalate CTIT; (c) the optimisations of participation degree in GVCs, energy intensity development, industrial structure optimisation and increased awareness of emission lessening among the BRI community could compensate for the growth in CTIT from the constant deepening of GVCs. This study delivers a comprehensive insight into understanding the driving forces that cause the changes in CTIT from the GVCs’ perspective. JEL Codes: F02, F18, Q56","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"176 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75378420","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: 2

Globalisation, COVID-19 and Income Distribution: A Theoretical Evaluation 全球化、COVID-19与收入分配:一个理论评价

IF 1.3

Foreign Trade Review Pub Date : 2023-06-11 DOI: 10.1177/00157325231158840

Asmita Das, Damayanti Sau, Ranjanendra Narayan Nag

{"title":"Globalisation, COVID-19 and Income Distribution: A Theoretical Evaluation","authors":"Asmita Das, Damayanti Sau, Ranjanendra Narayan Nag","doi":"10.1177/00157325231158840","DOIUrl":"https://doi.org/10.1177/00157325231158840","url":null,"abstract":"The article makes a theoretical attempt to explain how different interconnected measures of globalisation—service led growth, tariff reform, agricultural trade liberalisation and capital account liberalisation—affect the skilled–unskilled wage disparity, sector-wise performance, income distribution and aggregate welfare of the economy. We pay attention to land augmenting technological progress as an essential ingredient of inclusive growth and discuss effects of COVID-19 as a supply shock. In so-doing, we construct a three-sector general equilibrium framework with an export-oriented service sector, a tariff-protected import competing manufacturing sector and an export-oriented traded agricultural sector. We find that service-led growth and tariff liberalisation shifts the income distribution in favour of the landed gentry and skilled labour. Agricultural trade liberalisation and capital account liberalisation also debilitate the income distribution. Land augmenting technological progress adversely impacts the manufacturing sector but benefits the other sectors. Following the outbreak of the pandemic, a fall in labour endowment and rise in transaction costs were observed. A decrease in the endowment of skilled labour reduces the production in service sector and increases the production of the manufactured commodity. The results are reversed when the endowment of unskilled labour decreases. An increase in transaction produces unfair outcome from the perspective of income distribution. In this context it becomes imperative to mention that, the construction of the three-sector general equilibrium framework is not new, and that the effects of the COVID-19 pandemic cannot be reduced to just a supply shock. COVID-19 has elements of both supply shock and demand shock, but in this article, we address supply side dimensions of COVID shock in conjunction with the effects of lockdown. In addition, we also demonstrate the robustness of our results to an alternate assumption on the structure of the model. JEL Codes: D50, F66, J31","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"37 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85253610","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 Link Between Aid-for-Trade and Contingent Protection 贸易援助与应急保护的关系

IF 1.3

Foreign Trade Review Pub Date : 2023-05-11 DOI: 10.1177/00157325231159240

N. Upadhayay

{"title":"The Link Between Aid-for-Trade and Contingent Protection","authors":"N. Upadhayay","doi":"10.1177/00157325231159240","DOIUrl":"https://doi.org/10.1177/00157325231159240","url":null,"abstract":"Foreign aid, in theory, is expected to mitigate constraints that impede the economic development of recipient countries. At the same time that help is committed, donors are seemingly taking actions that are harmful to developing economies in obvious ways. An example is the tacit circumvention of the putative rules-based global trading system through contingent protection activities. In this article, it is postulated that, on one hand aid-for-trade (AfT) is expected to have positive impact on the exports of aid recipients by better integration into the global trading order, on the other hand, aid provider (donor) curtails access to its own markets by actuating contingent protection against the recipient (exporter). Using contingent protection cases data from 2003 to 2018 (a 15-year period) against 106 recipient countries of the United States of America’s AfT, this study finds a significant and positive impact of AfT on the surge in contingent protection activities. This effect is entirely driven by the aid for economic infrastructure and services, while the other main category of AfT- production sector, has no discernible effect on the rise in protection against the recipient. To examine the heterogeneity in donor decisions, this study is expanded to other traditional donors like Australia, Canada, the European Union (EU) and New Zealand. This article finds that Australia behaves similar to the USA; however, for Canada and the EU, the relationship between aid and market access is not statistically significant. JEL Codes: F1, F35, O19","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"1 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73733872","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

Impact of Exchange Rate on Trade Balance of India: Evidence from Threshold Cointegration with Asymmetric Error Correction Approach 汇率对印度贸易收支的影响:基于非对称误差修正方法的阈值协整证据

IF 1.3

Foreign Trade Review Pub Date : 2023-04-15 DOI: 10.1177/00157325231158855

Lingaraj Mallick, S. Behera, Mita Bhattacharya

{"title":"Impact of Exchange Rate on Trade Balance of India: Evidence from Threshold Cointegration with Asymmetric Error Correction Approach","authors":"Lingaraj Mallick, S. Behera, Mita Bhattacharya","doi":"10.1177/00157325231158855","DOIUrl":"https://doi.org/10.1177/00157325231158855","url":null,"abstract":"In this research, we investigate the dynamic relationship between the trade balance and exchange rate in the case of India using threshold cointegration and an asymmetric error-correction model. Empirical results validate that the long-run dynamic relationship between the trade balance and exchange rates is asymmetric. In the short run, the trade balance responds only due to positive deviations in the exchange rate. In contrast, in the exchange rate model, the exchange rate reacts only due to negative deviations in the trade balance. In addition, the results exhibit that the adjustment following variation in the exchange rate seems higher than the adjustment in the trade balance in the short run. Besides, the results indicate that the speed of adjustment due to the positive and negative shocks differs in the trade balance and the exchange rate models. Further, the uni- directional Granger causality result suggests that the trade balance substantially affects the exchange rate. However, the Granger causality effect of the exchange rate on the trade balance seems minimal. Finally, our results validate the impact of momentum equilibrium adjustment path asymmetric effects between the trade balance and exchange rate, indicating that the adjustment path is asymmetric in the long run. Therefore, policy planners in India should consider the asymmetric adjustment between these two drivers to overcome trade balance discrepancies in the short and long run. JEL Codes: F40, F41, C22, C32, C12","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"22 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87327779","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

Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy 出口多样化的集约和粗放边际作为可持续经济增长的战略:来自尼日利亚经济的证据

IF 1.3

Foreign Trade Review Pub Date : 2023-04-03 DOI: 10.1177/00157325221145397

Ademola Obafemi Young

{"title":"Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy","authors":"Ademola Obafemi Young","doi":"10.1177/00157325221145397","DOIUrl":"https://doi.org/10.1177/00157325221145397","url":null,"abstract":"Two opposite strands of literature analysing export diversification’s role in promoting sustainable growth have evolved in international economics and development, namely, the intensive and extensive margins of exports. This study empirically investigates which of the margin is more useful towards promoting sustainable growth using annual time series data of Nigeria for the period 1960–2021. Autoregressive distributed lag (ARDL) and innovative accounting procedure were employed. The ARDL results reveal that both margins significantly enhance growth in short and long run. However, importance of the extensive margin, in aggregate, dominates that of the intensive margin. Likewise, the results from innovative accounting procedures reveal that although both margins contribute positively to growth, the contribution to growth of extensive margin dominates over that of the intensive margin. These results, thus, lend credence to the extensive-margin exposition, which postulates that the export of extant commodities to new market destinations or export of new commodities to new and/or old market destinations plays a relatively more important role in export growth/diversification and, ultimately, sustainable growth. The study recommends that governments should develop and implement economic policies aimed at enhancing exports of value-added commodities—due to their relatively high income and price elasticities over primary commodities—to maximise the benefits in the extensive margin. JEL Codes: F10, F14, O10, O12, O50, O55","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"22 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80044251","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

Globalisation and Inclusive Growth in Africa: The Role of Institutional Quality 全球化与非洲包容性增长:制度质量的作用

IF 1.3

Foreign Trade Review Pub Date : 2023-04-03 DOI: 10.1177/00157325221142652

Terver Kumeka, I. Raifu, O. Adeniyi

引用次数: 3

Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries 贸易开放与主权债务积累在促进撒哈拉以南非洲国家经济增长中的比较绩效

IF 1.3

Foreign Trade Review Pub Date : 2023-04-01 DOI: 10.1177/00157325221145452

S. Edo

{"title":"Comparative Performance of Trade Openness and Sovereign Debt Accumulation in Fostering Economic Growth of Sub-Saharan African Countries","authors":"S. Edo","doi":"10.1177/00157325221145452","DOIUrl":"https://doi.org/10.1177/00157325221145452","url":null,"abstract":"In the last four decades, sub-Saharan African countries have witnessed a substantial increase in trade openness and sovereign debt (foreign public debt and domestic public debt). The direct and interactive effects of these factors on economic growth are investigated in this study. The investigation covers the period 1980–2020 and employs the generalised method of moment methodology. The estimation results reveal that the direct effect of trade openness and domestic public debt is significantly favourable. The direct effect of foreign public debt is, however, found to be unfavourable. The results also reveal that the interactive effect of trade openness and domestic public debt is significantly favourable, whereas the interactive effect of trade openness and foreign public debt is fairly favourable. The estimation results thus imply that trade openness and sovereign debt are complementary drivers of economic growth in sub-Saharan African countries. In spite of the favourable role of trade openness and sovereign debt, economic growth has yet to achieve the desired level, which does not augur well for employment and welfare. The prospects of growth could be enhanced by strengthening the impact of trade openness and sovereign debt. However, policy makers should be aware of the direct negative impact of foreign public debt on economic growth, and the need to put measures in place to manage it. JEL Codes: F23, H63, F43, O55","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"12 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73100804","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: 1

Exchange Rate Changes and the J-curve Effect: Asymmetric Evidence from a Panel of Five Emerging Market Economies 汇率变动与j曲线效应:来自五个新兴市场经济体的不对称证据

IF 1.3

Foreign Trade Review Pub Date : 2023-03-23 DOI: 10.1177/00157325221145432

W. A. Parray, Javed Ahmad Bhat, Effat Yasmin, S. Bhat

引用次数: 0

Asymmetric Exchange Rate Pass Through to Consumer Prices: Evidence from Zambia 不对称汇率传导至消费者价格:来自赞比亚的证据

IF 1.3

Foreign Trade Review Pub Date : 2023-03-21 DOI: 10.1177/00157325221143886

Humphrey Fandamu, Manenga Ndulo, D. Mudenda, Mercy Fandamu

{"title":"Asymmetric Exchange Rate Pass Through to Consumer Prices: Evidence from Zambia","authors":"Humphrey Fandamu, Manenga Ndulo, D. Mudenda, Mercy Fandamu","doi":"10.1177/00157325221143886","DOIUrl":"https://doi.org/10.1177/00157325221143886","url":null,"abstract":"The purpose of this study was to examine the asymmetric exchange rate pass through (ERPT) to consumer price inflation in Zambia. We examined ERPT to consumer price inflation arising from kwacha depreciation and appreciation for the period between the first quarter of 1985 to the fourth quarter of 2017. We employed the structural vector autoregressive model. The results showed that ERPT to consumer price inflation is incomplete and asymmetric. Consumer prices in Zambia are more responsive to kwacha depreciation than to appreciation. The depreciation of the kwacha has a greater significant impact on consumer prices than the appreciation of the kwacha. The impulse response function analysis showed that the shock to kwacha depreciation is very persistent than that of kwacha appreciation. Finally, the forecast error variance decomposition showed that a depreciation shock explains a bigger portion of the variance in consumer price inflation than an appreciation shock. These findings show that kwacha depreciation and appreciation have different effects on consumer price inflation, thereby confirming the presence of asymmetries in the ERPT. The study also accounted for the effect of commodity price booms in influencing ERPT. However, results of ERPT did not change much with the inclusion of commodity price booms. JEL Codes: E31, F31","PeriodicalId":29933,"journal":{"name":"Foreign Trade Review","volume":"119 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75366599","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: 1

Book review: Naoto Jinji, Xingyuan Zhang and Shoji Haruna (Eds), Deep Integration, Global Firms, and Technology Spillovers 书评:金纪直、张兴远、春纳正二主编，《深度整合、全球企业与技术溢出》

IF 1.3

Foreign Trade Review Pub Date : 2023-02-24 DOI: 10.1177/00157325221145454

Eliaza Mkuna

引用次数: 0