scholarly journals The Impact of Russia-China Trade Relationship on the U.S. Economy

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Nikolay Megits
Keyword(s):  
China Trade ◽  
Trade Relationship ◽  
The Impact ◽  
The U.S

Implications of  the U.S.–China Trade War  for  Taiwan

2020 ◽  
Vol 19 (1) ◽  
pp. 61-81
Author(s):  
Wen-jen Hsieh
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Policy Implications ◽  
High Tech ◽  
Chinese Market ◽  
Economic Relationships ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
The U.S

The ongoing U.S.-China trade war and ensuing high-tech conflicts are regarded as Taiwan's most crucial opportunity to slow down its progressively increasing economic dependence on China. The impact of the U.S.–China trade tensions on Taiwan are important to analyze because of Taiwan's relatively unique political and economic relationships with the United States and China, especially since the latter views Taiwan as its “breakaway province.” The regression results indicate that Taiwan's outward investment to China is significantly affected by Taiwan's lagged investment and exports to China, and the gap in the economic growth rates between Taiwan and China. Policy implications are provided for Taiwan to alleviate its economic dependency on the Chinese market and the negative impact from the U.S.-China trade war.

International Trade Relations and the Contagious Effects of the Asian Financial Crisis

2000 ◽  
Vol 03 (03) ◽  
pp. 367-399 ◽  
Author(s):  
Chunchi Wu
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
East Asian ◽  
Asian Financial Crisis ◽  
Trade Relations ◽  
Fundamental Causes ◽  
Asian Economies ◽  
Trade Relationship ◽  
The Impact ◽  
The U.S

This paper examines the trade relationship among Pacific Rim Asian economies and the U.S. with an attempt at understanding the fundamental causes for the contagious effects of the Asian financial crisis. East Asian economies trade extensively among themselves and with the U.S. This great dependence on foreign trade and investments has considerably increased the instability of the economies and financial markets in this region. It is found that the impact of the financial crisis on a domestic economy is positively correlated with its trade relationship with foreign economies. The importance of the trade relationship is manifested in the financial markets. Results show that the returns and volatility of a stock market are significantly influenced by the markets of its major trading partners. Also, foreign exchange markets often significantly interact with stock markets, especially following the Asian financial crisis. Furthermore, the Japanese and Hong Kong markets, instead of the U.S. market, had a dominating effect on East Asian financial markets during the period of the financial crisis.

The Effect of the U.S.-China Trade War on Global Trade

2020 ◽  
pp. 56-70 ◽  
Author(s):  
Ahu Coşkun Özer
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Linear Regression Analysis ◽  
Global Trade ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
Trade Wars ◽  
Day By Day ◽  
The U.S

If one country attacks another country's trade with taxes and quotas, it is defined as a trade war. It is aimed to protect the domestic market from competition. The U.S.-China trade war begun on March 1, 2018, and was centered on the customs duty of 25% for the imported steel and 10% for the imported aluminum. The protectionist measures against each other in both countries have increased day by day. However, the impact of these protectionist measures on global trade is not yet known. In this chapter, the effect of the U.S.-China trade war on global trade is analyzed. For this reason, the export data of the U.S. to China and the global export data yearly is compared. According to the results of the linear regression analysis, if the value of the goods export of the U.S. to China increase 1 unit, the value of global export of the goods increases to 58 units. While the trade wars decreased the goods export from the U.S. to China, it has decreased global goods exports too. In 2018, developments in global commodity exports and the U.S. goods exports to China were observed in the same direction.

Three essays on the Conservation Reserve Program

2020 ◽  
Author(s):  
◽  
Meongsu Lee
Keyword(s):  
Regression Model ◽  
Conservation Reserve Program ◽  
Wildlife Habitat ◽  
Future Research ◽  
Soybean Production ◽  
The Third ◽  
Net Returns ◽  
China Trade ◽  
The Impact ◽  
The U.S

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI-COLUMBIA AT REQUEST OF AUTHOR.] Over 35 years, the Conservation Reserve Program (CRP) has provided a variety of envi-ronmental benefits, reducing run-off of sediment, nitrogen, and phosphorus, sequestering carbon, and providing wildlife habitat (FSA, 2018). In order to evaluate the net impact of the program on the environment and on agricultural markets, it is important to understand both direct and indirect effects. The study fills gaps in the literature by examining how net returns for cropping activities affect the use of land exiting the program when contracts expire and by using a new approach to measuring some of the factors that contribute to program "slippage," the difference between expected and realized performance. The purpose of this research is to evaluate 1) impacts of net returns for corn, soy-beans, and wheat on land-use decisions after the contracts expire, 2) factors that cause slip-page between the number of acres enrolled in the program and net reductions in area planted to crops, and 3) the impact of the U.S.-China bilateral trade conflict and associated government payments on the land returned soybean production after CRP contracts expire. For the first and third questions, the Bayesian zero-inflated beta regression model is utilized to examine farm production regional data on how land was used after CRP contracts ex-pired. The extent of program slippage is estimated using a modified version of the OECD (2001) PEM model, a four commodity markets calibrated to the 2017/18 marketing year. The first essay finds that a ten percent increase in net returns for corn, soybeans, and wheat had impacts on the share of former CRP land devoted to each crop that differed by crop and region. The second essay estimates that area planted to coarse grains, oilseeds, and wheat declines by 0.32 to 0.45 acres for every acre of expanded CRP enrollment when CRP program spending is increased. The third essay finds that the amount of land returning to soybean production when contracts expire is affected by the state of U.S.-China trade relations and payments that were made in 2018 and 2019 to compensate U.S. farmers for the impacts of retaliatory tariffs. For example, the phase 1 deal, increases the amount of former CRP land returned to soybean productions by 78 thousand acres in the northern plains. The models used in all three essays have limitations that should be addressed in future research, but the essays utilize novel approaches and generate interesting results. The first essay demonstrates the value of a new Bayesian approach with a zero-inflated regression model. The second essay uses an adapted partial equilibrium model to evaluate sources of CRP program slippage. The third essay provides one of the first attempts to examine the relationship between the U.S.-China trade war and the CRP.

Trade Wars and the Disarray in the Global Trading System: Implications for the Philippines

2019 ◽  
Vol 18 (3) ◽  
pp. 59-75
Author(s):  
Maria Joy V. Abrenica ◽  
Ricardo Rafael S. Guzman ◽  
Maria Socorro Gochoco-Bautista
Keyword(s):  
The United States ◽  
The Philippines ◽  
Trading System ◽  
Trade Model ◽  
China Trade ◽  
Welfare Losses ◽  
Tit For Tat ◽  
The Impact ◽  
Trade Wars ◽  
The U.S

This study uses the Caliendo and Parro ( 2015 ) multi-sector, multi-country, general equilibrium Ricardian trade model with national and international input-output linkages to assess the impact on welfare of higher tariffs due to the U.S.–China trade war in the case of the Philippines. A sample of 65 countries including a constructed rest of the world is used, with 31 ICIO tradeable and non-tradeable sectors and 2015 as the base year. The constructed scenario is of the U.S.–China tariff tit-for-tat and retaliatory measures taken by Mexico, Canada, EU, Russia, and Turkey against the United States during 2018. The findings show that the Philippines and others in the sidelines could incur larger welfare losses than those directly involved in the conflict, in contrast with the sanguine prediction of other models.

Impacts of the U.S.–China Trade War on ASEAN: Case of Thailand

2019 ◽  
Vol 18 (3) ◽  
pp. 166-188
Author(s):  
Bhanupong Nidhiprabha
Keyword(s):  
Global Economy ◽  
Commodity Prices ◽  
The United States ◽  
Chinese Economy ◽  
Vector Autoregressive ◽  
Trade Dispute ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
The U.S

With nearly a year of trade dispute between the United States and China, it has become apparent that the global economy will slow down, and this will have a direct impact on world trade. We adopt a vector autoregressive model to examine the impact of the U.S.–China trade war on the Thai economy. The results indicate that Thailand's output and exports to key markets are adversely affected by the escalating trade dispute. The slowdown in the Chinese economy will also put further downward pressure on world commodity prices, which in turn will reduce Thailand's exports.

Shedding Light on the Recent U.S.–China Solar Dispute

2013 ◽  
Vol 13 (2) ◽  
pp. 251-259 ◽  
Author(s):  
Don P. Clark
Keyword(s):  
Trade Policy ◽  
Solar Panels ◽  
Trade Relations ◽  
Export Policy ◽  
China Trade ◽  
Environmental Goals ◽  
The Impact ◽  
Policy Failures ◽  
Negative Signal ◽  
The U.S

This paper reviews the highly politicized recent decision by the U.S. to impose large dumping and countervailing duties on solar cells and modules imported from China. Attention is devoted to discussing the case, the conflict between the Obama administration’s trade policy and environmental goals, shortcomings inherent in the investigations related to solar imports, China’s response to the allegations, the impact on downstream firms that install solar panels, and the future of U.S.–China trade relations. U.S. trade policy is sending a negative signal to the rest of the world that will only encourage retaliation and obstruct the solar sector’s development. Punitive duties are inconsistent with President Obama’s energy and export initiatives. The U.S. should refrain from transforming trade policy mistakes into energy/environmental and export policy failures.

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