scholarly journals The role of institutional quality in the international trade of a Latin American country: evidence from Colombian export performance

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Carlos Abreo ◽  
Ricardo Bustillo ◽  
Carlos Rodriguez
Keyword(s):  
Latin American ◽  
Export Performance ◽  
Trade Openness ◽  
Institutional Quality ◽  
Institutional Distance ◽  
Data Set ◽  
Trading Partners ◽  
Colombian Government ◽  
The One ◽  
Econometric Approach

AbstractThis paper analyses the relevance of Colombian institutional quality in recent years in terms of the performance of its exports within a framework of trade openness. Based on the trade gravity model, we examine the effect of governance on the evolution of Colombian exports through an econometric approach that identifies, on the one hand, the influence of institutional quality, and on the other hand, the influence of the institutional distance between Colombia and its trading partners. We use a panel data set for 2005–2018, through which the export flows from Colombia to 136 of its trading partners are considered. The findings indicate that Colombian institutional quality and the institutional distance between the country and its partners are statistically significant and affect its foreign sales. Similarly, there is a prominent influence of regulatory quality and the rule of law variables in the performance of Colombian exports in relation to other variables included in the model. We conclude that the Colombian government must improve its institutional quality considerably as a fundamental step towards boosting its overseas sales, not least because the country’s institutional distance from the world average is notable, which also affects its exports.

scholarly journals The Heckscher‑Ohlin Model and the Performance of Cocoa Products in Nigeria

2016 ◽  
Vol 64 (6) ◽  
pp. 2161-2172 ◽  
Author(s):  
Nahanga Verter
Keyword(s):  
Export Performance ◽  
Trade Openness ◽  
Positive Influence ◽  
Cocoa Products ◽  
The World ◽  
Trading Partners ◽  
Oil Export ◽  
Cocoa Production ◽  
Sound Environment ◽  
The Government

The Heckscher‑Ohlin model based on Ricardo’s theory of comparative advantage maintains that countries should specialize in the production and exportation of products that they have relative factor endowments. Therefore, Nigeria has taken advantage of its favourable climatic condition to become among the largest producers and exporters of cocoa products in the world. Given that cocoa is also the topmost non-oil export product and earnings in Nigeria, this paper assesses its performance and determines the effects of external factors on production in the country. Nigeria’s performance in the global cocoa market has been somewhat below expectations. Using OLS and Granger causality, the OLS regression results reveal that exports, trade openness, area harvested and domestic consumption have a positive influence on cocoa production in Nigeria. The Granger test shows that there exists bidirectional causality between the world price, trade openness and yield per hectare to cocoa production in the country. The results further confirmed a unidirectional causality running from cocoa output to exports. The government of Nigeria and trading partners should create a sound environment and some incentives to stimulate cocoa producers and exporters to increase production for export performance and revenue generation in the country.

scholarly journals Institutional Quality Matters: Evidence from Trade Flows of ASEAN-6 Countries

2017 ◽  
Vol 18 (2) ◽  
pp. 21-37
Author(s):  
Nguyen T. T. Huyen ◽  
Tran N. Kien ◽  
Yoon Heo
Keyword(s):  
Export Performance ◽  
Critical Role ◽  
Institutional Quality ◽  
Trade Flows ◽  
Estimation Methods ◽  
Legal Structure ◽  
Fixed And Random Effects ◽  
Trading Partners ◽  
Asean Countries ◽  
The Government

This study examines the impacts of institutional quality on export patterns of ASEAN-6 countries using panel data from 115 economies over the period 2000–2012. The results of the fixed and random effects estimation methods show that better institutional quality in ASEAN’s trading partners plays a crucial role in the bloc’s export performance. By decomposing institutional quality using different components, we also find that the importers’ legal structure and protection of property rights as well as freedom to trade internationally are important determinants in attracting more exports from ASEAN countries. For exporting countries, the sizes of the government and freedom to trade internationally also play a critical role in boosting trade from the bloc.

Pablo Neruda's Transnational Modernist Networks: Colombo-Madrid-London-Buenos Aires (1927–1933)

2017 ◽  
Vol 12 (2) ◽  
pp. 198-225
Author(s):  
Patricia Novillo-Corvalán
Keyword(s):  
Chamber Music ◽  
Latin American ◽  
Buenos Aires ◽  
Cultural Institutions ◽  
Complex Composition ◽  
British Colonial ◽  
The One ◽  
Composition Process ◽  
In Transit ◽  
Standing Question

This article positions Pablo Neruda's poetry collection Residence on Earth I (written between 1925–1931 and published in 1933) as a ‘text in transit’ that allows us to trace the development of transnational modernist networks through the text's protracted physical journey from British colonial Ceylon (now Sri Lanka) to Madrid, and from José Ortega y Gasset's Revista de Occidente (The Western Review) to T. S. Eliot's The Criterion. By mapping the text's diasporic movement, I seek to reinterpret its complex composition process as part of an anti-imperialist commitment that proposes a form of aesthetic solidarity with artistic modernism in Ceylon, on the one hand, and as a vehicle through which to interrogate the reception and categorisation of Latin American writers and their cultural institutions in a British periodical such as The Criterion, on the other. I conclude with an examination of Neruda's idiosyncratic Spanish translation of Joyce's Chamber Music, which was published in the Buenos Aires little magazine Poesía in 1933, positing that this translation exercise takes to further lengths his decolonising views by giving new momentum to the long-standing question of Hiberno-Latin American relations.

INNOVATIVE SOCIETY: A SOCIAL CREDIT SYSTEM IN CHINA

2020 ◽  
pp. 50-59
Author(s):  
Weichzhen` Gao
Keyword(s):  
Latin American ◽  
Social Life ◽  
Credit System ◽  
Educational Mission ◽  
Social Transformations ◽  
Social Credit ◽  
Road Project ◽  
Patterns Of Behavior ◽  
The One ◽  
And Behavior

The basic principles of SCS implementation are as follows: Formation of sustainable social structure and its operational management; Monitoring and correction of social transformations and behavior of the general population: transparency as a major factor in the life of an innovative society; Stimulating competition as a motivation for success. Due to the transparency of social life, different patterns of behavior in different conditions are published in the information space of the society. Accordingly, actionable life scenarios are made available to the general public, which is fulfilling an educational mission regarding adaptation mechanisms in an innovative society; the SCS system is a significant component of the national strategy of integration and consolidation of the Chinese innovation society; carrying out softpolicy foreign policy: The positive experience of the Chinese innovation society in implementing SCS is a prerequisite for expanding its area of application in Asian, African and Latin American countries, especially the countries participating in the One Belt One Road project. SCS covers all spheres of social life of the modern Chinese citizen, forms a sustainable form of accountability to the society for the content and flow of their daily activities, aspirations and preferences.

scholarly journals The Effects of Reverse Knowledge Spillover on China’s Sustainable Development: Sustainable Development Indicators Based on Institutional Quality

2021 ◽  
Vol 13 (4) ◽  
pp. 1628
Author(s):  
Xiaoxu Dong ◽  
Cheon Yu ◽  
Yun Seop Hwang
Keyword(s):  
Sustainable Development ◽  
Emerging Economies ◽  
Institutional Quality ◽  
Knowledge Spillover ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Environmental Aspects ◽  
Development Indicators ◽  
Developed Economies ◽  
The One

This study investigates how reverse knowledge spillover (RKS) generated through outward foreign direct investment (OFDI) promotes sustainable development in an investment home country. Economic, social, and environmental dimensions are the pillars of sustainable development and their indicators are developed upon the concept of institutional quality. To this end, we use a balanced panel of 30 Chinese Mainland provinces from 2003 to 2016 and employ a simultaneous equation model to analyze the data in order to observe the direct and indirect effects of OFDI-induced RKS on sustainable development. The current study adopts several indicators to capture the economic, social, and environmental aspects of sustainable development. Additionally, we classify RKS into two types, given the investment destinations in terms of developed economies and emerging economies. On the one hand, our findings confirm that OFDI-induced RKS from developed economies facilitates domestic innovation but negatively affects progress on social and environmental development. On the other hand, OFDI-induced RKS from emerging economies is not conducive to domestic innovation, but it directly fosters sustainable development.

scholarly journals Practices of sustainability and the enactment of their natures/cultures: Ecosystem services, rights of nature, and geoengineering

2021 ◽  
pp. 053901842199894
Author(s):  
Frank Adloff ◽  
Iris Hilbrich
Keyword(s):  
Ecosystem Services ◽  
Latin American ◽  
Social Systems ◽  
The Earth ◽  
Starting Point ◽  
Knowledge Cultures ◽  
Rights Of Nature ◽  
Value Of Nature ◽  
The One ◽  
And Control

Possible trajectories of sustainability are based on different concepts of nature. The article starts out from three trajectories of sustainability (modernization, transformation and control) and reconstructs one characteristic practice for each path with its specific conceptions of nature. The notion that nature provides human societies with relevant ecosystem services is typical of the path of modernization. Nature is reified and monetarized here, with regard to its utility for human societies. Practices of transformation, in contrast, emphasize the intrinsic ethical value of nature. This becomes particularly apparent in discourses on the rights of nature, whose starting point can be found in Latin American indigenous discourses, among others. Control practices such as geoengineering are based on earth-systemic conceptions of nature, in which no distinction is made between natural and social systems. The aim is to control the earth system as a whole in order for human societies to remain viable. Practices of sustainability thus show different ontological understandings of nature (dualistic or monistic) on the one hand and (implicit) ethics and sacralizations (anthropocentric or biocentric) on the other. The three reconstructed natures/cultures have different ontological and ethical affinities and conflict with each other. They are linked to very different knowledge cultures and life-worlds, which answer very differently to the question of what is of value in a society and in nature and how these values ought to be protected.

Intuitionistic fuzzy two-factor variance analysis of movie ticket sales

2021 ◽  
pp. 1-11
Author(s):  
Velichka Traneva ◽  
Stoyan Tranev
Keyword(s):  
Comparative Analysis ◽  
Real Data ◽  
Intuitionistic Fuzzy Sets ◽  
Real Numbers ◽  
Data Set ◽  
Important Method ◽  
Ticket Sales ◽  
Intuitionistic Fuzzy ◽  
The One ◽  
First Time

Analysis of variance (ANOVA) is an important method in data analysis, which was developed by Fisher. There are situations when there is impreciseness in data In order to analyze such data, the aim of this paper is to introduce for the first time an intuitionistic fuzzy two-factor ANOVA (2-D IFANOVA) without replication as an extension of the classical ANOVA and the one-way IFANOVA for a case where the data are intuitionistic fuzzy rather than real numbers. The proposed approach employs the apparatus of intuitionistic fuzzy sets (IFSs) and index matrices (IMs). The paper also analyzes a unique set of data on daily ticket sales for a year in a multiplex of Cinema City Bulgaria, part of Cineworld PLC Group, applying the two-factor ANOVA and the proposed 2-D IFANOVA to study the influence of “ season ” and “ ticket price ” factors. A comparative analysis of the results, obtained after the application of ANOVA and 2-D IFANOVA over the real data set, is also presented.

scholarly journals Extreme geomagnetic activities: a statistical study

2020 ◽  
Vol 72 (1) ◽  
Author(s):  
Ryuho Kataoka
Keyword(s):  
Magnetic Storms ◽  
Magnetic Observatory ◽  
Statistical Distributions ◽  
Limited Data ◽  
Data Set ◽  
Sudden Commencements ◽  
The One ◽  
Log Normal ◽  
Geomagnetic Activities ◽  
Log Normal Distribution

Abstract Statistical distributions are investigated for magnetic storms, sudden commencements (SCs), and substorms to identify the possible amplitude of the one in 100-year and 1000-year events from a limited data set of less than 100 years. The lists of magnetic storms and SCs are provided from Kakioka Magnetic Observatory, while the lists of substorms are obtained from SuperMAG. It is found that majorities of events essentially follow the log-normal distribution, as expected from the random output from a complex system. However, it is uncertain that large-amplitude events follow the same log-normal distributions, and rather follow the power-law distributions. Based on the statistical distributions, the probable amplitudes of the 100-year (1000-year) events can be estimated for magnetic storms, SCs, and substorms as approximately 750 nT (1100 nT), 230 nT (450 nT), and 5000 nT (6200 nT), respectively. The possible origin to cause the statistical distributions is also discussed, consulting the other space weather phenomena such as solar flares, coronal mass ejections, and solar energetic particles.

scholarly journals Global production networks and the evolution of industrial capabilities: does production sharing warp the product space?

2020 ◽  
Vol 72 (3) ◽  
pp. 731-747
Author(s):  
Russell Thomson ◽  
Prema-Chandra Athukorala
Keyword(s):  
Product Space ◽  
Industrial Structure ◽  
De Novo ◽  
Trade Openness ◽  
Production Networks ◽  
Global Production Networks ◽  
Industrial Upgrading ◽  
Data Set ◽  
Production Sharing ◽  
Space Approach

Abstract Do production capabilities of countries evolve from existing capabilities or emerge de novo? The Product Space approach developed by Hidalgo, Klinger, Barabási and Hausmann postulates that a country’s existing industrial structure largely determines its opportunities for industrial upgrading. However, this is difficult to reconcile with the export dynamism of many developing countries such as Thailand, Malaysia, Costa Rica and Vietnam that transformed from primary commodity dependence to exporters of dynamic manufactured products. In each of these cases, global production sharing facilitated industrial transition. In this article, we advance the Product Space approach to accommodate the role of global production sharing. Using a newly constructed multi-country data set of manufacturing exports that distinguishes between trade within global production networks and traditional horizontal trade, we find that that existing industrial structure has a smaller impact, but trade openness has a greater impact, on industrial upgrading within vertically integrated global industries.

scholarly journals Globalization of the Automotive Industry: Is Indonesia Missing Out?

2016 ◽  
Vol 15 (1) ◽  
pp. 1-19 ◽  
Author(s):  
Moekti P. Soejachmoen
Keyword(s):  
Export Performance ◽  
Trade Openness ◽  
Absorption Capacity ◽  
Least Square ◽  
Production Network ◽  
Production Networks ◽  
Global Production Networks ◽  
Investment Policies ◽  
Left Behind ◽  
Automotive Production

International trade in automotive and auto parts has grown rapidly during the last two decades but Southeast Asia's largest economy, Indonesia, is lagging behind in its export performance. This paper uses a comparative perspective in examining Indonesia's role in automotive production networks in the context of the contemporary debate on opportunities for reaping gains from economic globalization through engagement in global production sharing. This research aims to answer two questions; the first addresses the determinants of a country's participation in the global production network, the second asks why Indonesia is being left behind in global production networks. Our analysis is based on the Jones and Kierzkowski fragmentation theory. The unbalanced panel trade data for 98 countries for the period 1988–2007 are estimated using the least square dummy variable method. The results show that in Asian countries, foreign direct investment openness is the most important determinant followed by trade cost, trade openness, competitiveness, and labor quality. Indonesia is being left behind for a number of reasons, such as restrictive foreign investment policies, higher trade costs and remaining high protection in the automotive sector in terms of tariff and non-tariff measure, and a low education level that hampers the absorption capacity in technology.

Sign in / Sign up

Export Citation Format

Share Document