Journal of International Commerce Economics and Policy最新文献_第4页

Global Trade Flows and the Role of Bank Financing: Policy Path for Mitigating Associated Environmental Impacts in Import-Oriented Economies 全球贸易流动和银行融资的作用:减轻进口导向型经济体相关环境影响的政策路径

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Journal of International Commerce Economics and Policy Pub Date : 2022-06-23 DOI: 10.1142/s1793993322500144

Chinazaekpere Nwani

{"title":"Global Trade Flows and the Role of Bank Financing: Policy Path for Mitigating Associated Environmental Impacts in Import-Oriented Economies","authors":"Chinazaekpere Nwani","doi":"10.1142/s1793993322500144","DOIUrl":"https://doi.org/10.1142/s1793993322500144","url":null,"abstract":"International trade and investment flows provide a mechanism for geographical separation between production and consumption processes. In this study, countries that rely heavily on international trade to supply home demand and have reported positive net CO2 emissions from trade (TrdCO2) over the period 1991–2018 were identified. Accounting for possible distributional heterogeneity, this study examined whether the structural composition of bank credit allocation explains TrdCO2 in these countries. With the growing competition for bank credit resources, the impact of a credit allocation system that prioritizes credit demands of government and state-owned enterprises (GSEs) is modeled and compared to another scenario where the credit allocation decisions of banks rather prioritize financing needs of the private sector. The results showed that the structure of bank credit allocation significantly shapes the exposure of these countries to embodied CO2 emissions in the global trade flows. Specifically, restructuring bank credit allocation towards private sector-focused reduces TrdCO2 while a credit allocation system that allocates more credit to GSEs increases TrdCO2. By implication, bank financing of private sector activities encourages cleaner consumption and can help in mitigating trade-related environmental concerns in developing import-oriented economies.","PeriodicalId":44073,"journal":{"name":"Journal of International Commerce Economics and Policy","volume":"107 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79256783","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

Exchange Rate Effect on the Household Consumption in BRICST Countries: Evidence from MATNARDL Model 汇率对金砖四国居民消费的影响:来自MATNARDL模型的证据

IF 0.7

Journal of International Commerce Economics and Policy Pub Date : 2022-05-27 DOI: 10.1142/s1793993322500107

O. F. Derindag, B. Chang, Raheel Gohar, Asma Salman

{"title":"Exchange Rate Effect on the Household Consumption in BRICST Countries: Evidence from MATNARDL Model","authors":"O. F. Derindag, B. Chang, Raheel Gohar, Asma Salman","doi":"10.1142/s1793993322500107","DOIUrl":"https://doi.org/10.1142/s1793993322500107","url":null,"abstract":"Various empirical methodologies have examined the relationship between exchange rate and household consumption expenditures. However, traditional methods fail to analyze the exchange rate effect on consumption across minor and major currency depreciation and appreciations. We attempt to extend the existing literature by examining the impact of minor and major currency appreciation and depreciation on household consumption expenditures in BRICST countries, including Brazil, Russia, India, China, South Africa and Turkey. We use an extended version of the nonlinear ARDL (NARDL) and multiple threshold nonlinear ARDL model called the multiple asymmetric ARDL (MATNARDL) model. Our estimates, based on the traditional NARDL model, indicate that the asymmetric effect is found in the context of India and China only. However, the MATNARDL estimates suggest that, in the long run, the asymmetric effect is found for all the sample countries except India whereas, in the short run, the asymmetric effect is found for all the sample countries except Turkey. Finally, this study recommends the policy implications based on the results obtained in this study.","PeriodicalId":44073,"journal":{"name":"Journal of International Commerce Economics and Policy","volume":"7 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82090418","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: 4

A Generalized New Keynesian Model with Wage Stickiness 考虑工资粘性的广义新凯恩斯模型

IF 0.7

Journal of International Commerce Economics and Policy Pub Date : 2022-05-25 DOI: 10.1142/s1793993322500120

Rui Wang

引用次数: 0

Policies Supporting Firms in the Face of Global Financial Shocks 面对全球金融冲击支持企业的政策

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-18 DOI: 10.1142/s1793993322500089

Chokri Zehri, Abualhassan Jumaa Hamid Hamad

引用次数: 0

International Debts Flows 国际债务流动

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-18 DOI: 10.1142/s1793993322500090

L. Hung, Bui Thi Hai Anh, Vo tri Thanh

引用次数: 0

Saving, Interest Rates and Finite Horizons 储蓄、利率和有限期限

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-14 DOI: 10.1142/s1793993322500077

Nirai Alexander Tomass

引用次数: 0

Does Institutional Similarity Necessarily Lead to Increased Bilateral Trade? 制度相似性必然导致双边贸易增长吗?

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-14 DOI: 10.1142/s1793993322500053

Vu Thi Hong Van, Nguyen Thi Thanh Huyen, N. K. Doanh

引用次数: 1

Total and Net-Directional Connectedness of Cryptocurrencies During the Pre- and Post-COVID-19 Pandemic covid -19大流行前后加密货币的总体和网络定向连通性

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-11 DOI: 10.1142/s1793993322500041

Leavitt Ha, Nguyen Van Dai

{"title":"Total and Net-Directional Connectedness of Cryptocurrencies During the Pre- and Post-COVID-19 Pandemic","authors":"Leavitt Ha, Nguyen Van Dai","doi":"10.1142/s1793993322500041","DOIUrl":"https://doi.org/10.1142/s1793993322500041","url":null,"abstract":"This paper presents how volatility propagates through the cryptocurrency market. Our paper provides evidence for volatility connectedness on cryptocurrencies. The different econometric techniques, including the stochastic volatility (SVOL) model and time-varying parameter VAR models using a quasi-Bayesian local likelihood (QBLL), are applied to measure the volatility of the cryptocurrency market. Using high-frequency, intra-day data of the largest cryptocurrencies over 2018–2021, we detect the great volatility of the cryptocurrency market are the beginning of 2019, the beginning of 2020, and throughout the year of 2021. The total connectedness values suggest that the cryptocurrency market becomes volatile as the new strains of the Covid-19 appear at the end of 2021. However, by using directional connectedness, we reveal that there are negative and positive spillovers from a specific cryptocurrency to other cryptocurrencies. The great fluctuations in the period before the COVID-19 health crisis stem from the positive resonance (symmetric) between the volatility of each cryptocurrency, while this health crisis leads to substantially positive and negative spillovers (asymmetric) of cryptocurrencies, and this makes market volatility weaker than it actually is.","PeriodicalId":44073,"journal":{"name":"Journal of International Commerce Economics and Policy","volume":"60 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82947530","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

Can China’s Pilot Free Trade Zone Improve Trade Efficiency? 中国自由贸易试验区能否提高贸易效率?

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Journal of International Commerce Economics and Policy Pub Date : 2022-05-09 DOI: 10.1142/s1793993322500065

Lianghu Wang, Jun Shao

{"title":"Can China’s Pilot Free Trade Zone Improve Trade Efficiency?","authors":"Lianghu Wang, Jun Shao","doi":"10.1142/s1793993322500065","DOIUrl":"https://doi.org/10.1142/s1793993322500065","url":null,"abstract":"In recent years, there were many researches on China Free Trade Pilot Zone (FTZ), however, there was still a lack of research on the effect of the FTZ on trade efficiency. To make up for gaps in research, this paper calculated the trade efficiency of 30 provinces in China with stochastic frontier gravity model, and then empirically tested the policy effect of the FTZ by using the propensity score matching and difference in difference (PSM-DID) method, and further analyzed the inherent mechanism. The results showed that China’s general level of trade efficiency was relatively low, while the average trade efficiency in FTZs was significantly higher. The establishment of the FTZ had a significant positive impact on trade efficiency advances. Before and after the establishment of the pilot free trade zone, the difference between the changes in the trade efficiency measurement results of the treated group provinces and the trade efficiency measurement results of the control group provinces showed the characteristics of first increasing and then decreasing, and the policy effect has a certain lag. The establishment of the FTZ significantly reduced the trade cost. The model estimated that the trade efficiency increased by 3.576% for every 1% growth of trade cost, and the policy effect of the FTZ was significantly positive, which verified the existence of the intermediary effect of trade cost.","PeriodicalId":44073,"journal":{"name":"Journal of International Commerce Economics and Policy","volume":"1 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79868203","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: 5

Foreign Financial Services Adoption in Manufacturing by Asian Economies: New Index from the Global Value Chain Perspective 亚洲经济体在制造业中采用外国金融服务:全球价值链视角下的新指数

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Journal of International Commerce Economics and Policy Pub Date : 2022-04-21 DOI: 10.1142/s179399332250003x

Weikang Zhang, Isabel K. M. Yan, Yin-Wong Cheung

引用次数: 0