Import Determinants and Potential Markets: A Panel Data Gravity Modelling Analysis for Bahrain

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Shujaat Abbas ◽  
Abdul Waheed
Keyword(s):  
Panel Data ◽  
Gravity Model ◽  
Middle Eastern ◽  
Least Square ◽  
Relative Price ◽  
Modelling Analysis ◽  
Trading Partners ◽  
Macroeconomic Determinants ◽  
European Markets

Abstract This study investigates macroeconomic determinants of import flow and explores potential import markets for Bahrain using an augmented gravity model on panel data of 42 trading partners, from 2000 to 2016. The result of panel generalized least square estimation technique shows that the core variables support the theory of the basic gravity model. The estimated results of the augmented variables show that the imports of Bahrain are more responsive to income of trading partners, gross domestic product, and export flow; whereas, negatively determined by the relative price. The findings of dummy variables show that there is a significant role of common language and Gulf economic integration on imports of Bahrain. The results of the import potential analysis show that Bahrain has exceeded its import potential from most of its Asian trading partners; however, positive import potential exists in Africa and America and some selected Middle Eastern and European markets.

scholarly journals Import Flows of Bangladesh: Gravity Model Approach under Panel Data Methodology

2012 ◽  
Vol 60 (2) ◽  
pp. 153-157 ◽  
Author(s):  
Mili Roy ◽  
Md. Israt Rayhan
Keyword(s):  
Panel Data ◽  
Gravity Model ◽  
Cross Section ◽  
Time Series Data ◽  
Random Effect ◽  
Least Square ◽  
Series Data ◽  
Ordinary Least Square ◽  
Extended Gravity ◽  
Trading Partners

In counterpoint to export growth, Bangladesh import growth has remained much less strong, despite impressive progress in import liberalization. This study gives an overview of different methodologies related to gravity model analysis in Bangladesh’s import flow. A pooled cross section and time series data were analyzed to incorporate the country specific heterogeneity in country pair trading partners. The import flows are justified by the basic gravity model since Bangladesh’s imports are positively significant by the economy size and inversely related to trade barrier. Accordingly, we have analyzed pooled ordinary least square, fixed effect, random effect. This study also explores extended gravity model using several variables in the light of gravity model panel data approach. Bangladesh’s import is determined by the home and foreign country’s gross domestic product and exchange rate. In addition, Cross section results show that regional trade arrangement which is South Asian Association for Regional Co-operation and border are significant for Bangladesh’s importimplies that Bangladesh should import more from intra regional country and also should import from India.DOI: http://dx.doi.org/10.3329/dujs.v60i2.11485 Dhaka Univ. J. Sci. 60(2): 153-157, 2012 (July)  

scholarly journals A Strategic Framework of Liberalising Trade in Services for Pakistan.

2011 ◽  
Vol 50 (4II) ◽  
pp. 733-770 ◽  
Author(s):  
Ahmed Gulzar
Keyword(s):  
Panel Data ◽  
Growth And Development ◽  
Least Square Method ◽  
Least Square ◽  
Trade Liberalisation ◽  
Technological Advancement ◽  
Trade In Services ◽  
Strategic Framework ◽  
Price And Income Elasticities ◽  
Trading Partners

For a long time, services were considered non-tradable in the literature of international economics. However, the sector has emerged with profound importance on the basis of strong underpinnings. Technological advancement, financial constraints and limited options, and regulatory changes have greatly expanded the range and scope of trade in services especially in the context of increasing share of knowledge intensive products at the world market. Services now account for a substantial and rising share of output and employment in the economy of Pakistan and its trading partners. However, it is argued that the growing share of services in the economy of Pakistan and its trading partners has not translated into a significant increased share in their over-all trade. Pakistan is heading towards liberalisation of trade in services through unilateral, bilateral, multi-lateral agreements under the broad framework of WTO. Recently, in the wake of trade liberalisation in EBOPS services among Pakistan‘s trading partners; Pakistan has received request lists from its trading partners in the context of national treatment and market access under four modes of cross-border supply of WTO framework. In this regard, the opportunities as well as risks associated with trade liberalisation depend primarily on the relative competitiveness among the trading partners. It is, therefore, essential for the policy makers to design such a trade policy which not only helps in promoting domestic services industries but also open up new opportunities of employment generation and economic growth and development with a guarantee of peace and stability within and across its neighbouring countries. In this connection, this research paper develops a strategic framework of liberalising trade in services in 12 categories of services with 26 partner countries of Pakistan using various economics tools (RCAI, TII, TCI, TBI) and econometric models and techniques (OLS, PLS, 2SLS) by using panel data on annual and quarterly frequencies. JEL classifications: C52, C63, C87, F1, F13, F14, L8, F15, O24 Keywords: Trade in Services, Growth and Development, Trade Potential through Two Stage Least Square with Cross-section Fixed Effect Model by Using Panel Data, Trade Intensity Indices (TII), Trade Complementarity Indices (TCI), Trade Biased Indices (TBI), Revealed Comparative Advantage Indices (RCAI), Determinants of RCAI Using Pooled Least Square Method (PLS), Price and Income Elasticities Using Ordinary Least Square Method (OLS),

scholarly journals Compositional Effect and Distance Sensitivity: Examining the Distance Elasticity in China and Indonesia Trade Activities

2019 ◽  
Vol 8 (1) ◽  
pp. 79-92
Author(s):  
Putu Mahardika Adi Saputra
Keyword(s):  
Gravity Model ◽  
Bilateral Trade ◽  
Empirical Method ◽  
Trade Data ◽  
Compositional Effect ◽  
Trading Partners

This paper analyzes the change in distance elasticity of trade using bilateral trade data among China and Indonesia and their main trading partners. The empirical method used in this study derived from the gravity model that considers the effect of distance on trade activities behavior. Two causes of change in the elasticity of trade to distance will be exposed, i.e., the distance sensitivity effect (within industries) and the compositional effect (among industries). Specifically, this study would like to prove whether the distance sensitivity effect is more dominant than the compositional effect in explaining the change in distance elasticity of trade. By using four sub-periods and around two hundred industries involved, the result shows that the increase in the role of distance in trade heavily caused by the escalation of distance sensitivity effect in most industries.

Analysis of Food Imports in a Highly Import Dependent Economy

2017 ◽  
Vol 13 (2) ◽  
Author(s):  
Simeon Kaitibie ◽  
Munshi Masudul Haq ◽  
Manitra A. Rakotoarisoa
Keyword(s):  
Panel Data ◽  
Gravity Model ◽  
Trade Openness ◽  
Factor Endowment ◽  
Total Income ◽  
Food Trade ◽  
Trading Partners ◽  
Corruption Perception ◽  
Gravity Model Of Trade ◽  
Food Imports

AbstractThis analysis of food imports used an enhanced gravity model of trade, with food imports from approximately 136 countries from 2004 to 2014. Using improved panel data techniques, we show that total income, inflation in the food exporting country, corruption perception in the food exporting country, trade openness in the food exporting economy, GCC membership are important determinants of food imports by Qatar. In addition, we show that Qatari food imports mostly originate in countries with, on average, similar economic sizes. Finally, Qatar’s factor endowment is dissimilar to those of most of its trading partners, a situation that potentially fosters international food trade in accordance with the Heckscher–Ohlin theory of trade.

Hostile Takeovers and Anti-takeover Defenses in the Russian Corporate Market

2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Hostile Takeovers ◽  
Russian Market ◽  
Takeover Defenses ◽  
The Cost ◽  
European Markets

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.

Bayesian estimation of dynamic panel data gravity model

2021 ◽  
Vol 40 (7) ◽  
pp. 607-634
Author(s):  
Moonhee Cho ◽  
Xiaoyong Zheng
Keyword(s):  
Panel Data ◽  
Bayesian Estimation ◽  
Gravity Model ◽  
Dynamic Panel Data ◽  
Dynamic Panel

scholarly journals The Historical Role of Leviticus 25 in Naturalizing Anti-Black Racism

Religions ◽  
2021 ◽  
Vol 12 (8) ◽  
pp. 570
Author(s):  
James W. Watts
Keyword(s):  
Seventeenth Century ◽  
Early Modern ◽  
High Probability ◽  
Middle Eastern ◽  
American Colonies ◽  
History Of ◽  
Historical Role ◽  
Permanent Property

Leviticus 25:39–46 describes a two-tier model of slavery that distinguishes Israelites from foreign slaves. It requires that Israelites be indentured only temporarily while foreigners can be enslaved as chattel (permanent property). This model resembles the distinction between White indentured slaves and Black chattel slaves in the American colonies. However, the biblical influence on these early modern practices has been obscured by the rarity of citations of Lev. 25:39–46 in sixteenth- and seventeenth-century sources about slavery. This article reviews the history of slavery from ancient Middle Eastern antiquity through the seventeenth century to show the unique degree to which early modern institutions resembled the biblical model. It then exposes widespread knowledge of Leviticus 25 in early modern political and economic debates. Demonstrating this awareness shows with high probability that colonial cultures presupposed the two-tier model of slavery in Leviticus 25:39–46 to naturalize and justify their different treatment of White indentured slaves and Black chattel slaves.

scholarly journals Up to No Good? Gender, Social Impact Work, and Employee Promotions

2021 ◽  
pp. 000183922110206
Author(s):  
Christiane Bode ◽  
Michelle Rogan ◽  
Jasjit Singh
Keyword(s):  
Panel Data ◽  
Social Impact ◽  
Male Gender ◽  
Decision Makers ◽  
Gender Beliefs ◽  
Negative Effect ◽  
Male Gender Role ◽  
Promotion Rates ◽  
Vignette Experiment

Firms increasingly offer employees the opportunity to participate in firm-sponsored social impact initiatives expected to benefit the firm and employees. We argue that participation in such initiatives hinders employees’ advancement in their firms by reducing others’ perceptions of their fit and commitment. Because social impact work is more congruent with female than male gender role stereotypes, promotion rates will be lower for participating men, and male evaluators will be less likely than female evaluators to recommend promotion for male participants. Using panel data on 1,379 employees of a consulting firm, we find significantly lower promotion rates for male participants relative to female participants, female non-participants, and male non-participants. A vignette experiment involving 893 managers shows that lower promotion rates are due to lower perceptions of fit, but not commitment, and greater bias against male participants by male evaluators. Taken together, the results of the two studies suggest that the negative effect of participation on promotion is conditional upon participant and evaluator gender, underscoring the role of gender in evaluation of social impact work. In settings in which decision makers are predominately male, gender beliefs may limit male employees’ latitude to contribute to the firm’s social impact agenda.

Fit Perception and Engagement: The Mediating Role of Work Meaningfulness

2021 ◽  
pp. 097226292199986
Author(s):  
Robinson James
Keyword(s):  
Employee Engagement ◽  
Structural Equation ◽  
Strong Predictor ◽  
Organizational Outcomes ◽  
Research Strategy ◽  
Partial Least Square ◽  
Least Square ◽  
Future Research ◽  
Work Meaningfulness

Research on engagement has gained considerable attention in recent years as it is a strong predictor of a range of positive individual and organizational outcomes. There is a question of why the level of the engagement is different from employee to employee in an organization, though they are provided with the same resources. This study aims to investigate the influence of fit perception on engagement and the role of the employee’s psychological condition (work meaningfulness) on this relationship. This study mainly employed a survey research strategy, and data were primarily garnered from a questionnaire. This study was conducted among 145 respondents from the public sector organizations in Sri Lanka. Partial least-square structural equation modelling was employed to analyse the generated data. In this study, the researcher has conceptualized fit perception as a higher order construct comprising Person Job fit and Person Organization fit. The study revealed that fit perception positively influences employee engagement, and this relationship is mediated by work meaningfulness. This study contributes to the literature by deepening the understanding of the fit perception and engagement relationship by introducing work meaningfulness as a mediator variable. By highlighting how engagement is influenced by fit perception and work meaningfulness, this study facilitates practitioners to build and maintain an engaged workforce. Further contributions of this study, the avenue for future research, and study limitations are presented in detail at the end of this article.

Sign in / Sign up

Export Citation Format

Share Document