scholarly journals The Aftermath of Anti-Dumping: Are Temporary Trade Barriers Really Temporary?

2021 ◽  
Author(s):  
Magdalene Silberberger ◽  
Anja Slany ◽  
Christian Soegaard ◽  
Frederik Stender
Keyword(s):  
Panel Data ◽  
Bilateral Trade ◽  
Empirical Literature ◽  
Trade Barriers ◽  
Economic Sector ◽  
Consistent Finding ◽  
Adverse Impacts ◽  
Significant Barrier ◽  
Level Of Aggregation ◽  
Rule Out

AbstractA consistent finding in the literature is that anti-dumping (AD) acts as a significant barrier to bilateral trade, in particular, during the time such measures are in force. Adding to a relatively scarce empirical literature, however, we identify adverse impacts of AD which survive well beyond its revocation. More specifically, while we cannot rule out a slight post-revocation recovery, we find empirical evidence that once affected bilateral trade does not fully recover on average following revocation. We use panel data at the Harmonized System four-digit (HS4) level of aggregation to produce these results and show that they are robust to the duration of AD cases, the time of their imposition and revocation, differentiation by economic sector and the nature of imposing countries. Several explanations for our observed empirical results seem plausible, and we provide a theoretical framework which suggests our results could be driven by market exit or underinvestment of targeted firms.

scholarly journals DEVELOPMENT OF CHINESE-KAZAKHSTAN TRADE IN AGRICULTURAL PRODUCTS WITHIN THE FRAMEWORK OF "ONE BELT, ONE WAY": FEATURES, FORMS OF COOPERATION AND PERSPECTIVES

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Haohe Zhang
Keyword(s):  
Bilateral Trade ◽  
Complex Dynamics ◽  
Economic Cooperation ◽  
Agricultural Trade ◽  
Agricultural Products ◽  
Trade Barriers ◽  
Starting Point ◽  
Trade Turnover ◽  
Belt And Road ◽  
Bilateral Cooperation

The "Оne Вelt, Оne Road" policy has brоught ecоnоmic and trаde relаtiоns between Chinа аnd Kаzаkhstаn closer in the field of agricultural products, adding new opportunities for development, and the volume of tradе has bеcomе stаblе and grоwing. Bilateral trade between China and Kazakhstan has shown new positive dynamics, where a unified trade structure is also noted. There are great development prospеcts in the field of agricultural products of the two countries. In this regard, the author points to a mega-project called the Belt and Road Initiative, which focuses on the current situation and characteristics of Sino-Kazakh agricultural trade. The article indicates some problems in the bilateral cooperation of the two states. Among these problems, the most important are noted. For example, the author notes that the situation with a large number of trade barriers prevents more Chinese and Kazakh enterprises from entering the market. As a starting point based on an analysis of the obstacles facing the development of bilateral agricultural trade, countermeasures should be taken to further deepen bilateral cooperation in agricultural trade. A set of proposals to mitigate the problems of economic cooperation between Kazakhstan and China are offered in the conclusion of the article. Key words: trade and economic cooperation, agrarian complex, dynamics of agricultural production growth, trade volume, trade turnover, trade barriers, RK, PRC.

scholarly journals Real exchange rate and trade balance in Turkey: Evidence from heterogeneous panel data

2020 ◽  
pp. 7-7
Author(s):  
Ahmet Kaya
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Real Exchange Rate ◽  
Trade Balance ◽  
Bilateral Trade ◽  
Income Elasticity ◽  
Balance Model ◽  
Common Correlated Effects ◽  
The Usa ◽  
Heterogeneous Panel

In this study, the effect of real exchange rate on bilateral trade balance between Turkey and its 25 main trade partners is investigated for the period of 1996 - 2015 with heterogeneous panel data techniques. Trade balance model is estimated by using Mean Group (MG) estimator, which allows parameter heterogeneity, Common Correlated Effects Mean Group (CCEMG), and Augmented Mean Group (AMG) estimators, which both allow cross-section dependency and heterogeneity. Results indicate that the real exchange rate elasticity of the trade balance ranges between -0.40 and -0.45 and Marshall-Lerner (ML) condition is valid for Turkey. According to the results, the foreign income elasticity of trade balance ranges between 1.54 and 2.84, while for domestic income elasticity, it is found between -0.75 and -1.38. Country-specific results show that ML condition is valid for the USA, Belgium, Spain, Switzerland, Romania, and Russia at the bilateral level according to both CCEMG and AMG estimators.

scholarly journals An International Comparative Study Of Per Capita Consumption Of Import: Implications For U.S-Japan Trade

2011 ◽  
Vol 17 (1) ◽  
Author(s):  
Tyler T. Yu ◽  
Miranda M. Zhang
Keyword(s):  
Bilateral Trade ◽  
Trade Deficit ◽  
Capita Consumption ◽  
Trade Barriers ◽  
Font Size ◽  
Significant Difference ◽  
Per Capita ◽  
International Comparative ◽  
Per Capita Consumption ◽  
The U.S

<p class="MsoNormal" style="text-align: justify; margin: 0in 37.8pt 0pt 0.5in; mso-pagination: none;"><span style="font-family: &quot;CG Times&quot;,&quot;serif&quot;; mso-bidi-font-style: italic;"><span style="font-size: x-small;">This paper discusses the per-capita consumption of imports aspect of international trade.<span style="mso-spacerun: yes;">&nbsp; </span>A research hypothesis is tested to investigate if there is a significant difference among G-7 countries in per-capita consumption of imports and the implication of the testing results for the U.S. - Japan bilateral trade deficit.<span style="mso-spacerun: yes;">&nbsp; </span>The results of the ANOVA and the Kruskal-Wallis test yield insignificant variation in per-capita consumption of imported goods/services among the G-7 countries.<span style="mso-spacerun: yes;">&nbsp; </span>The study recapitulates the reason(s) for the U.S. trade deficit with Japan and essentially states that factors other than trade barriers and restrictions cause the U.S. trade deficit with Japan.<span style="mso-spacerun: yes;">&nbsp; </span>While this result may initially seem counterintuitive and inconsistent with popular wisdom, it may actually help uncover the true causes for the sustained trade deficit with Japan.</span></span></p>

scholarly journals The Formation of AFTA and Trade Diversion: Evidence from China’s Agricultural Exports

2016 ◽  
Vol 17 (1) ◽  
pp. 25-36
Author(s):  
Nguyen Khanh Doanh ◽  
Jeehoon Lee ◽  
Yoon Heo
Keyword(s):  
Panel Data ◽  
Free Trade Agreement ◽  
Bilateral Trade ◽  
Trade Agreement ◽  
Trade Diversion ◽  
Trade Flows ◽  
Agricultural Products ◽  
Agricultural Exports ◽  
Trading Partners ◽  
Bilateral Trade Flows

This study analyzes the impacts of the formation of AFTA (ASEAN Free Trade Agreement) on China’s agricultural exports. The Hausman-Taylor analysis is applied to panel data collected from China and its 68 trading partners from 1993–2012. Our major findings areas follows. First, the discrimination in tariffs imposed by AFTA diverts trade in agricultural products from China toward AFTA’s member countries. Second, at the sectoral level, the trade diversion effects of AFTA’s formation on China’s exports are significant in the case of beverage and tobacco industries. AFTA and China need to focus more on diversifying and differentiating their farming products. To gain better access to AFTA’s market, more investment in research and development activities is recommended as a cure for Chinese farmers. Moreover, this study implies that more efforts in reducing tariff and non-tariff barriers to further liberalize trade between China and AFTA could enhance their bilateral trade flows.

Analysis of Board Size and Firm Performance: Evidence from NSE Companies Using Panel Data Approach

2016 ◽  
Vol 9 (2) ◽  
pp. 148-172 ◽  
Author(s):  
Anjala Kalsie ◽  
Shikha Mittal Shrivastav
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Random Effect ◽  
Random Effect Model ◽  
Fixed Effect Model ◽  
Least Square ◽  
Empirical Literature ◽  
Board Size ◽  
Effect Model

This article seeks to examine the relationship between the board size and firm performance. Existing literature on board size is based on different theories of corporate governance. While agency theory and resource dependency theory suggest that the board size positively affects performance, stewardship theory favours smaller board size and argues that larger board size negatively impacts the firm performance. The present article adds to the empirical literature by employing panel data analysis of 145 non-financial companies listed in the NSE CNX 200 Index of India corresponding to 16 industries. The study is carried out for a period of five years from 2008 to 2012. The firm performance has been measured using Tobin’s Q and the market-to-book value ratio (MBVR) as market-based measures and return on assets (ROA) and return on capital employed (ROCE) as accounting-based measures. The fixed effect model, random effect model and feasible generalised least square (FGLS) regression models are applied to achieve the above-mentioned objectives. The results conclude that the board size has a positive and significant impact on the firm performance.

Modeling bilateral forest products trade.

2021 ◽  
pp. 43-82
Author(s):  
Craig M. T. Johnston ◽  
Brad Stennes ◽  
G. Cornelisvan Kooten
Keyword(s):  
Bilateral Trade ◽  
Forest Products ◽  
The United States ◽  
Programming Models ◽  
Trade Barriers ◽  
Trade Restrictions ◽  
Price Equilibrium ◽  
Softwood Lumber ◽  
Trade Model ◽  
Spatial Price

Abstract The focus in this chapter is on the development of mathematical programming models used to model bilateral forest products trade. Theoretical outlines are provided of a multi-region, single product trade model and of an integrated, multi-region, multi-product trade model. The objective function and constraints are described mathematically, while the analysis takes into account horizontal and vertical chains and the need to calibrate the model using observed trade flows. Data sources are discussed, and the GAMS code is provided for the uncalibrated and calibrated versions of the model. The Canada-U.S. softwood lumber dispute is the raison d'être for much applied work in modeling forest products trade, especially on Canada's side. In this chapter, we examine several spatial price equilibrium (SPE) trade models that are currently used to investigate the implications of trade barriers imposed on Canadian exports of softwood lumber to the United States. The reason we consider bilateral trade is so that we can determine the impacts of trade restrictions on various regions in North America. We begin in the next section by specifying a general but vertically integrated SPE trade model.

The impact of economic and financial development on environmental degradation

2015 ◽  
Vol 32 (4) ◽  
pp. 485-502 ◽  
Author(s):  
Samia Nasreen ◽  
Sofia Anwar
Keyword(s):  
Panel Data ◽  
Financial Development ◽  
Environmental Degradation ◽  
Low Income ◽  
Ordinary Least Squares ◽  
Dynamic Panel Data ◽  
High Income ◽  
Empirical Literature ◽  
Content Type ◽  
The Impact

Purpose – The purpose of this study is to validate the impact of economic and financial development along with energy consumption on environmental degradation using dynamic panel data models for the period 1980-2010. The study uses three sub-panels constructed on the basis of income level to make panel data analysis more meaningful. Design/methodology/approach – Larsson et al. panel cointegration technique, fully modified ordinary least squares and vector error correction model causality analysis are applied for empirical estimation. Findings – Main empirical findings demonstrate that financial development reduces environmental degradation in the high-income panel and increases environmental degradation in the middle- and low-income panels. Hypothesis of the environmental Kuznets curve is accepted in all income panels. Granger causality results show the evidence of bidirectional causality between financial development and CO2 emission in the high-income panel, and unidirectional causality from financial development to CO2 emission in the middle- and low-income panels. Originality/value – In empirical literature, only a few studies explain the effect of financial development on environment. The present study is an effort to fill this gap by exploring the effect of economic and financial development on environmental degradation.

Why NTM is a Challenge in Trade Relations? Evidence from India–Africa Agricultural Trade

2020 ◽  
Vol 12 (2) ◽  
pp. 79-103 ◽  
Author(s):  
Chandan Kumar ◽  
Nalin Bharti
Keyword(s):  
Bilateral Trade ◽  
Agricultural Trade ◽  
Rapid Expansion ◽  
Complex Nature ◽  
Trade Barriers ◽  
Trade Restrictions ◽  
Coverage Ratio ◽  
Agriculture Sector ◽  
Wide Range ◽  
Trading Partners

India and Africa have experienced the rapid expansion of bilateral trade during the last two decades. The India–Africa trade is understudied in general and in the agriculture sector. Very few considerable efforts have been made to study the agro-trade restrictions between both the economies. Therefore, the purpose of this paper is to empirically identify the recent evidence of non-tariff measures (NTMs) imposed on the agro-products between India and Africa, which also work as non-tariff barriers. It is perceived that India being one of the frequent users of NTMs in the world poses many challenges for its trading partners. Based on the Revealed Trade Barrier (RTB) index, using 28 agro-products (HS-4 digit level), this paper assesses bilateral agro-trade barriers. The frequency index ( Fi) and coverage ratio ( Cr) were used to analyse the complex nature of NTMs. The study findings show that both trading partners imposed a wide range of NTMs on each other’s agro-products, which resulted in the discriminatory effects on trade. Comparatively, India has imposed the lesser number of NTMs on Africa’s agro-products. Despite the recent bilateral trade agreements between both the economies, trade barriers were frequently noticed. The paper suggests applying strategic trade policies and reduction of NTMs along with harmonisation of standards to flourish the bilateral agro-trade.

Impact of the Presence of Embassies on Trade: Evidence from Turkey

2019 ◽  
Vol 19 (1) ◽  
pp. 51-60
Author(s):  
Yusuf Kenan Bagir
Keyword(s):  
Panel Data ◽  
Bilateral Trade ◽  
Panel Data Analysis ◽  
Empirical Studies ◽  
Volume Effect ◽  
Foreign Missions ◽  
Cross Sectional ◽  
Exporting Firms ◽  
Main Driver ◽  
The Impact

AbstractThis paper analyzes the impact of the presence of foreign missions on trade using Turkey's unique expansion in its foreign embassy network (39 new embassies in 8 years) as the source of variation in a panel data setting. A majority of the existing empirical studies use cross-sectional bilateral trade data due to lack of variation over time (Rose, 2007; Moons and Bergeijk, 2013). Employing a panel data analysis, this paper is able to address the endogeneity issues that are associated with a standard cross-sectional analysis. The dependent variable in the paper is the trade between Turkey and 190 countries for 2006 to 2016. The results indicate that presence of an embassy increases export value by 30% and this increase comes mainly from the volume effect. Categorizing goods by the Rauch (1999) classification shows that the increase in differentiated goods exports is the main driver of the export surge. The number of exporting firms increases by about 8%. There is no statistically significant impact on the exports of homogeneous goods. Replication of the analysis for imports suggests no impact on imports.

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