On the US-Japan Trade Imbalance

1992 ◽  
pp. 144-177
Author(s):  
Jitendralal Borkakoti
Keyword(s):  
Trade Imbalance ◽  
The Us

scholarly journals Analysis on the economic effect of Sino-US trade friction from the perspective of added value

2021 ◽  
Author(s):  
Zhu Zhu ◽  
Hang Zheng ◽  
Zhu Zhu
Keyword(s):  
Value Chain ◽  
Economic Effect ◽  
Added Value ◽  
The European Union ◽  
Trade Imbalance ◽  
Trade Friction ◽  
Damage Degree ◽  
The Us ◽  
The Usa ◽  
Wang Wei

AbstractBased on the theory of trade added value, this paper discusses the potential actual trade scale and benefit damage degree of the two countries under the background of big country game by measuring the real trade scale of China and the USA, simulating the economic impact of tariffs imposed by China and the USA and utilizing Wang–Wei–Zhu (WWZ) method to decompose the potential changes in Sino-US trade. The results show that: firstly, the size of China-US trade in terms of total value is significantly overestimated and China's overall trade with the USA in 2001–2014 was overestimated by an average of 3.06 percent, of which goods trade was overestimated by 8.06 percent. Secondly, although tariff increases can reduce the degree of trade imbalance between China and the USA to some extent, the adverse effects are mutual and global, and the European Union, the Association of Southeast Asian Nations (ASEAN), Japan and Canada become the main transfer countries of Sino-US trade. Thirdly, the pattern of China's final exports and the US' intermediate exports determines that China's trade interests are more damaged than those of the USA. It is proved that there is a big gap between China and the USA in the depth and breadth of China's participation in the value chain division of labor and the trade scale measured by Gross Domestic Product is more instructive than the total value.

The US-China Currency Dispute: Is a Rise in the Yuan Necessary, Inevitable or Desirable?

2007 ◽  
Vol 7 (3) ◽  
pp. 1850117 ◽  
Author(s):  
John A. Tatom
Keyword(s):  
Exchange Rate ◽  
Trade Balance ◽  
The United States ◽  
Exchange Rate Policy ◽  
Capital Account ◽  
Trade Imbalance ◽  
Fixed Rate ◽  
Economic Basis ◽  
The Us ◽  
Rate Policy

China-bashing has become a popular US media and political sport. This is largely due to the US trade imbalance and the belief, by some, that China is responsible for it because it manipulates its currency to hold down the dollar prices of its goods, unfairly creating a trade advantage that has contributed to the loss of US businesses and jobs. This paper reviews the problem of the large trade imbalance that the United States has with China and its relationship to Chinese exchange rate policy. It examines the link between a Chinese renminbi appreciation and the trade balance and also whether a generalized dollar decline could solve the global or Chinese US trade imbalance. The consensus view explained here is that a renminbi appreciation is not likely to fix either the trade imbalance with China or overall. If these perceived benefits of a managed float are small or non-existent, then perhaps they should be pursued anyway because of small costs or even benefits for China. Section IV looks at the costs of a managed float in terms of the benefits of the earlier peg. Opponents of a fixed dollar/yuan exchange rate ignore the costs of a managed float for China, especially with limits on currency convertibility. These costs are outlined here in order to provide an economic basis for the earlier fixed rate and China’s reluctance to appreciate. Finally it is suggested that the necessary convertibility on capital account, toward which China is moving, could easily result in yuan depreciation under a floating rate regime. This is hardly the end that China critics have in mind and it is not one that would improve US or other trade imbalances with China.

scholarly journals Factors Analysis of the Electronics Industry Trade Imbalance between the US and China

2015 ◽  
Vol 7 (6) ◽  
pp. 172 ◽  
Author(s):  
Jihong Jin ◽  
Michael Steffens
Keyword(s):  
Exchange Rate ◽  
Trade Balance ◽  
Electronics Industry ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Analysis Model ◽  
Trade Imbalance ◽  
Macroeconomic Factors ◽  
Industry Trade ◽  
The Us

<p>The US and China trade imbalance is a highly debated topic, and cause of trade conflict between the US and China. One particularly strong area of the trade imbalance is the electronics industry, which as of the year 2013 represented more than 45% of the total trade balance, the largest subsection of any industry. In order to understand the macroeconomic factors influencing overall trade balance as well as trade balance in the Electronics Industry, this study uses Ordinary Least Squares Regression analysis model to examine how macroeconomic factors such as Exchange Rate, China GDP, US GDP, and CPI affect the trade balance. The results are then compared to an equivalent analysis on the electronics industry using factors such as China Electronics Industry Production, US Electronics Industry Production, Exchange Rate, and CPI. The findings are surprising, showing that the same factors that are traditionally strongly correlated with a change in the overall trade balance, actually have an opposite effect on the Electronics industry trade balance. This paper explores not only what macro economic factors cause the trade imbalances, but also why they happen.</p>

The US-China Trade Imbalance: How Big Is It Really?

2005 ◽  
Vol 3 (1) ◽  
pp. 131-154 ◽  
Author(s):  
Sarah Y. (Sarah Yueting) Tong
Keyword(s):  
Trade Imbalance ◽  
China Trade ◽  
The Us

scholarly journals A Socioeconomic Well-Being Index

2020 ◽  
Vol 7 (4) ◽  
pp. 48
Author(s):  
A. Alexandre Trindade ◽  
Abootaleb Shirvani ◽  
Xiaohan Ma
Keyword(s):  
Stress Testing ◽  
Well Being ◽  
Future Market ◽  
Trade Imbalance ◽  
Tail Risk ◽  
Policy Makers ◽  
Early Warning Mechanism ◽  
The Us ◽  
Legal Immigration ◽  
Finance Theory

An annual well-being index constructed from thirteen socioeconomic factors is proposed in order to dynamically measure the mood of the US citizenry. Econometric models are fitted to the log-returns of the index in order to quantify its tail risk and perform option pricing and risk budgeting. By providing a statistically sound assessment of socioeconomic contentment, the index is consistent with rational finance theory, enabling the construction and valuation of insurance-type financial instruments to serve as contracts written against it. Endogenously, the VXO volatility measure of the stock market appears to be the greatest contributor to tail risk. Exogenously, “stress-testing” the index against the politically important factors of trade imbalance and legal immigration, quantify the systemic risk. For probability levels in the range of 5% to 10%, values of trade below these thresholds are associated with larger downward movements of the index than for immigration at the same level. The main intent of the index is to serve as an early-warning mechanism for negative changes in the mood of citizens, thus alerting policy makers and private agents to potential future market downturns.

China’s rebalancing will reduce its US trade imbalance

2017 ◽  
Keyword(s):  
Trade Imbalance ◽  
Content Type ◽  
The Us

Headline ASIA: Rebalancing will reduce the US trade imbalance

scholarly journals The Empirical Analysis of High-tech Trade Imbalance Between China and the US

2020 ◽  
Vol 214 ◽  
pp. 02026
Author(s):  
Yiming Zhao
Keyword(s):  
United States ◽  
Empirical Analysis ◽  
The United States ◽  
High Tech ◽  
Trade Imbalance ◽  
Trade Theory ◽  
Independent Innovation ◽  
Technology Industry ◽  
The Us ◽  
Long Time

The United States, as a leader in technology industry, has been in a deficit position for a long time in the high-tech trade between China and the United States, which has been increasing year by year. This is obviously contrary to traditional international trade theory and the comparative advantages of the two countries. Based on the US policy restrictions on China ‘s high-tech product exports, the enhancement of China ‘s independent innovation capabilities, and international direct investment in China, this article conducts an empirical analysis to explore the reasons for the China-US high-tech trade imbalance and then gives corresponding policy recommendations.

scholarly journals The US–China trade imbalance: Will revaluing the RMB help (much)?

2007 ◽  
Vol 96 (1) ◽  
pp. 127-132 ◽  
Author(s):  
Nicolaas Groenewold ◽  
Lei He
Keyword(s):  
Trade Imbalance ◽  
China Trade ◽  
The Us
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