scholarly journals Do Anti-dumping Duties Still Matter? The Curious Case of Aluminum Foil

2017 ◽  
Vol 17 (4) ◽  
pp. 557-574
Author(s):  
SHUSHANIK HAKOBYAN
Keyword(s):  
Multinational Corporations ◽  
Indirect Effects ◽  
Manufacturing Industry ◽  
Aluminum Foil ◽  
Trade Diversion ◽  
Aluminum Sheet ◽  
Direct And Indirect Effects ◽  
Detailed Data ◽  
The Us ◽  
The Eu

AbstractIn 2009, the EU imposed anti-dumping duties on aluminum foil imported from Armenia, Brazil, and China for five years. The final determination resulted in the imposition of definitive anti-dumping duties of 13.4% (Armenia), 17.6% (Brazil), and 6.4–30% (China). This paper quantifies the direct and indirect effects of the EU anti-dumping duty on EU and US imports from targeted and unaffected countries using detailed data for the years 2006 through 2012, and controlling for exports of all products within the aluminum sheet, plate, and foil manufacturing industry from all countries. The findings point to the trade destruction, trade depression, trade diversion, and trade deflection effects typically found in the existing literature. However, the uniqueness of this case lies in the fact that the Armenian exporter is a subsidiary of a Russian firm. And as Armenia's exports to the EU declined, they expanded rapidly to the US. At the same time, the US imports from Russia, a country not directly touched by the anti-dumping ruling, declined dramatically, and were diverted to the EU. This points to the potential ineffectiveness of anti-dumping duties in the presence of multinational corporations with production facilities located across countries differentially impacted by anti-dumping duties.

scholarly journals Trade in Conflict Minerals -- Congolese Warlords, MNC’s, and Dodd-Frank 1502

Perceptions ◽  
2019 ◽  
Vol 5 (2) ◽  
Author(s):  
Ankit Deshmukh
Keyword(s):  
Supply Chain ◽  
Multinational Corporations ◽  
Primary Source ◽  
Market Prices ◽  
News Sources ◽  
Conflict Minerals ◽  
The Us ◽  
Face Threats ◽  
Using Data ◽  
The Eu

This paper seeks to provide an overview of conflict mineral trade by analyzing it through an economic lens. Using data gathered from news sources, the memo first defines the term “conflict minerals” and identifies that the primary actors involved in the conflict mineral market are rebel militia groups and multinational corporations. The trade is mutually beneficial for these actors as it serves as the primary source of revenue for militia groups and allows multinational corporations to buy minerals at low costs. The memo also highlights the struggles legitimate Congolese miners face, as they face threats from militia groups and low market prices Also identified is Section 1502 of the Dodd Frank act, legislation which forces multinational corporations to list their mineral suppliers, thereby increasing supply chain transparency. While implemented with good intentions, it is extremely unsuccessful in stifling the conflict mineral trade as it lacks substantive regulatory measures. Furthermore, the EU and US plan to implement opposing conflict mineral trade policies — the EU looks to increase supply chain transparency while the US looks to repeal Section 1502 of Dodd Frank (an action which would decrease supply chain transparency). This paper believes that coordinated and homogenous action on the part of both federal governments and IGOs is necessary in order to concretely enforce restrictions on conflict mineral trade.

An empirical examination of the direct and indirect effects of geographic diversification on stock market and financial performances of multinational corporations

2017 ◽  
Vol 47 (6) ◽  
pp. 495-515 ◽  
Author(s):  
Woohyun Cho ◽  
Jian-yu Fisher Ke ◽  
Chaodong Han
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Multinational Corporations ◽  
Indirect Effects ◽  
Inventory Level ◽  
Direct And Indirect Effects ◽  
Geographic Diversification ◽  
Empirical Examination ◽  
Content Type ◽  
Stock Market Performance

Purpose Literature indicates that global geographic diversification (GD) has mixed effects on a multinational corporation’s (MNC) performances. The purpose of this paper is to examine how an MNC’s GD influences its stock market and financial performances directly and indirectly via operational performance (i.e. changes in inventory levels). Design/methodology/approach Using firm-level data collected from Compustat database for the period 2000-2011 and estimating a mediating regression model, the authors examine the direct and indirect effects of GD on an MNC’s stock market (Tobin’s q) and financial performances (ROA), with inventory level being a mediator. Additionally, the examination is implemented separately under two economic situations: financial crisis vs without financial crisis. Findings The results show that GD enhances an MNC’s stock market performance, while deteriorating its financial performance in the presence of a financial crisis. In contrast, GD has little direct impact on an MNC’s stock market and financial performances during periods without financial crisis. The indirect effects of GD are mediated by changes in inventory levels. Practical implications This study suggests that MNCs need to carefully weigh the benefits and costs of global strategy obtained through GD. The results also indicate that GD is highly appreciated by the stock market investors during economic downturns and tighter inventory management may further enhance firm values. Originality/value This paper is the first empirical research to estimate both direct and indirect effects of GD via inventory in the operations management literature, highlighting the value of GD depending on the different economic situations and echoing the role of operations in implementing GD.

scholarly journals Direct and indirect transactions and requirements

2021 ◽  
Author(s):  
Husna Betul Coskun ◽  
Huseyin Coskun
Keyword(s):  
Economic System ◽  
Indirect Effects ◽  
The Novel ◽  
Direct And Indirect Effects ◽  
System Decomposition ◽  
Decomposition Theory ◽  
Us Economy ◽  
The Us ◽  
Two Sectors ◽  
Scientific Fields

Abstract The indirect transactions between sectors of an economic system has been a long-standing open problem. There have been numerous attempts to conceptually define and mathematically formulate this notion in various other scientific fields in literature as well. The existing direct and indirect effects formulations, however, can neither determine the direct and indirect transactions separately nor quantify these transactions between two individual sectors of interest in a multisectoral economic system. The novel concepts of the direct, indirect and transfer (total) transactions between any two sectors and associated demand distributions are introduced, and the corresponding requirements coefficients and matrices are systematically formulated relative to both final demands and gross outputs based on the system decomposition theory in the present manuscript. It is demonstrated theoretically and through illustrative examples that the proposed transactions and coefficients accurately define and correctly quantify the corresponding direct, indirect, and total interactions and relationships. The proposed requirements matrices for the US economy using aggregated input-output tables for multiple years are then presented and briefly analyzed.

Direct and indirect effects of dynamic social impact

2005 ◽  
Author(s):  
Dana M. Binder ◽  
Martin J. Bourgeois ◽  
Christine M. Shea Adams
Keyword(s):  
Indirect Effects ◽  
Social Impact ◽  
Direct And Indirect Effects

Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy

2014 ◽  
pp. 13-29 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
National Security ◽  
Economic Sanctions ◽  
Capital Flight ◽  
Practical Advice ◽  
The Us ◽  
Monetary Authorities ◽  
The Usa ◽  
Simultaneous Adoption ◽  
The Eu

This article examines fundamental questions of monetary policy in the context of challenges to the national security of Russia in connection with the imposition of economic sanctions by the US and the EU. It is proved that the policy of the Russian monetary authorities, particularly the Central Bank, artificially limiting the money supply in the domestic market and pandering to the export of capital, compounds the effects of economic sanctions and plunges the economy into depression. The article presents practical advice on the transition from external to domestic sources of long-term credit with the simultaneous adoption of measures to prevent capital flight.

Russian Policy of Agriculture Support and the Necessity of Its Modification after WTO Accession

2012 ◽  
pp. 132-149 ◽  
Author(s):  
V. Uzun
Keyword(s):  
Comparative Analysis ◽  
World Trade Organization ◽  
Agricultural Production ◽  
World Trade ◽  
The Us ◽  
The World ◽  
Wto Accession ◽  
The Eu ◽  
Agriculture Support

The article deals with the features of the Russian policy of agriculture support in comparison with the EU and the US policies. Comparative analysis is held considering the scales and levels of collective agriculture support, sources of supporting means, levels and mechanisms of support of agricultural production manufacturers, its consumers, agrarian infrastructure establishments, manufacturers and consumers of each of the principal types of agriculture production. The author makes an attempt to estimate the consequences of Russia’s accession to the World Trade Organization based on a hypothesis that this will result in unification of the manufacturers and consumers’ protection levels in Russia with the countries that have long been WTO members.

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