Foreign Demand, Investment And Trade Balance: The Case Of Australia

2011 ◽  
Vol 1 (4) ◽  
Author(s):  
Jean-Francois Hoarau ◽  
Alain Nurbel ◽  
Nelson Latchimy
Keyword(s):  
Trade Balance ◽  
High Growth ◽  
Short Term ◽  
Foreign Demand ◽  
J Curve ◽  
The World ◽  
Curve Effect ◽  
First Time ◽  
The Empirical Analysis

This paper aims at analysing the relation between real trade balance and foreign demand in the case of a small opened economy, which highly depends upon the rest of the world for productive capital. Theoretical analysis allows us to bring forth a kind of “J-curve” effect. Indeed, when foreign demand for domestic goods increases, the country is to import in a first time in order to improve its productive capacities, resulting in worsening trade balance. However, in a second time, once the cumulated capital inventory became sufficient, the trade balance improves under the pressure of domestic exports high growth. The empirical analysis based on Australia from 1982 (1) to 2001 (1) supports this theory. We show there are negative short term and positive long term elasticities.

scholarly journals The Impact of Exchange Rate on Market Fundamentals: A Case Study of J-curve Effect in Vietnam

2017 ◽  
Vol 9 (1) ◽  
pp. 45 ◽  
Author(s):  
Nguyen Quang My ◽  
Mustafa Sayim ◽  
Hamid Rahman
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
Trade Balance ◽  
Short Term ◽  
Correction Model ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
J Curve ◽  
Curve Effect

This study examines if there is an equilibrium relationship between gross domestic product (GDP), exchange rate fluctuation and trade balance in long-term and short-term in Vietnam. The results show that the short-term and long-term exchange rate fluctuations impact the trade balance in Vietnam; both ARDL (Autoregressive Distributed Lag) and ECM (Error Correction Model) methodologies implied that exchange rate has a statistically negatively impact on the trade balance. Particularly, Autoregressive distributed lag (ARDL) utilized to test the long -term impact, shows the trade balance deficit becomes worse when the REER (real effective exchange rate) increases. ECM (Error Correction Model) equation based on the long-term cointegration equation and impulse response, reveals that the domestic currency devaluation could not improve the trade balance, indicating that the J-curve effect does not hold on the dong, the currency of Vietnam.

scholarly journals Real exchange rate and trade balance of Pakistan: an empirical analysis

2013 ◽  
Vol 01 (01) ◽  
pp. 44-51
Author(s):  
Muhammad Bilal Saeed ◽  
Ijaz Hussain
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Trade Balance ◽  
Short Term ◽  
Correction Model ◽  
J Curve ◽  
Short Run ◽  
The Relationship ◽  
Balance Error

This study evaluates the relationship between real exchange rate and trade balance prevailed in Pakistan during the 1985-2010 period. Engel Granger residual based and Johansen Juselius tests have been used to inquire into the long term connection between exchange rate and trade balance. Error correction model is then employed to study the short term connection. It has been discovered that there exists a connection between real exchange rate and trade balance in long as well as short run. The evidences set forth lead to a decisive conclusion that Marshall Lerner Condition and J curve effect both hold in case of Pakistan.

The Long-term Use of Short-term Debt around the World

2019 ◽  
Author(s):  
Lifang Chen ◽  
Yong Li ◽  
Yizhong Wang ◽  
Bohui Zhang
Keyword(s):  
Short Term ◽  
The World

scholarly journals From hierarchies to markets and partially back again in electricity: responding to decarbonization and security of supply goals

2021 ◽  
pp. 1-17
Author(s):  
Paul L. Joskow
Keyword(s):  
Market Integration ◽  
Investment Incentives ◽  
Wholesale Market ◽  
Security Of Supply ◽  
Short Term ◽  
Institutional Adaptation ◽  
The World ◽  
New Challenges ◽  
And Storage

Abstract Electric power sectors around the world have changed dramatically in the last 25 years as a result of sector liberalization policies. Many electricity sectors are now pursuing deep decarbonization goals which will entail replacing dispatchable fossil generation primarily with intermittent renewable generation (wind and solar) over the next 20–30 years. This transition creates new challenges for both short-term wholesale market design and investment incentives consistent with achieving both decarbonization commitments and security of supply criteria. Thinking broadly about the options for institutional change from a Williamsonian perspective – thinking like Williamson – provides a useful framework for examining institutional adaptation. Hybrid markets that combine ‘competition for the market’ that relies on competitive procurement for long-term purchased power agreements with wind, solar, and storage developers, ideally in a technology neutral fashion, and ‘competition in the market’ that relies on short-term markets designed to produce efficient and reliable operations of intermittent generation and storage, is identified as a promising direction for institutional adaptation. Many auction, contract, and market integration issues remain to be resolved.

scholarly journals Win-win or unequal exchange? The case of the Sino-Congolese cooperation agreements

2009 ◽  
Vol 47 (3) ◽  
pp. 371-396 ◽  
Author(s):  
Stefaan Marysse ◽  
Sara Geenen
Keyword(s):  
Joint Venture ◽  
Sub Saharan Africa ◽  
Public Infrastructure ◽  
Short Term ◽  
Internal Development ◽  
Unequal Exchange ◽  
The World ◽  
Sub Saharan ◽  
Investment Agreements

ABSTRACTThe recent involvement of China in sub-Saharan Africa is challenging and changing the world geostrategic scene. In the article, we analyse the agreements between the Congolese government and a group of Chinese state-owned enterprises. A number of public infrastructure works will be financed with Chinese loans. To guarantee reimbursement, a Congolese/Chinese joint venture will be created to extract and sell copper, cobalt and gold. These are the biggest trade/investment agreements that China has so far signed in Africa. This article seeks to contribute to the discussion regarding the agreement's impact on internal development in Congo. Does it create a ‘win-win’ situation for all, or is it an unequal exchange? We outline the internal and international debates and analyse several noteworthy characteristics of the agreements. In conclusion, we present a balanced view on the likely impact on Congo's short-term and long-term development.

scholarly journals A SLR Pre-Processing Algorithm Based on Satellite Signature Effect

2021 ◽  
Vol 11 (19) ◽  
pp. 8880
Author(s):  
Bowen Guan ◽  
Cunbo Fan ◽  
Ning An ◽  
Ricardo Cesar Podesta ◽  
Dra Ana Pacheco ◽  
...  
Keyword(s):  
Mean Value ◽  
Observation Data ◽  
Short Term ◽  
Error Sources ◽  
Effect Model ◽  
The Mean ◽  
The Stability ◽  
First Time ◽  
Satellite Signature Effect

As one of the major error sources, satellite signature effect should be reduced or even erased from the distribution of the post-fit residuals to improve the ranging precision. A simulation of satellite signature effect removal process for normal point algorithm is conducted based on a revised model of satellite response, which fully considers the structural and distribution characteristics of retroreflectors. In order to eliminate both long-term and short-term satellite signature effect, a clipping method for SLR data processing is proposed by defining the clipping location as 5.6 mm away from the mean value of the long-term fit residuals to select effective returns for normal points. The results indicate that, compared to normal points algorithm, the RMS per NP of LAGEOS-1 observation data processed by the clipping method is reduced from 62.90 ± 9.9 mm to 56.07 ± 4.69 mm, and the stability of RMS is improved 53%. This study improves the satellite signature effect model and simulates the fluctuation of normal points caused by satellite signature effect for the first time. The new method based on the simulation of satellite signature effect has stronger robustness and applicability, which can further minimize the influence of satellite signature effect on the SLR production and significantly improve the data property.

scholarly journals The new structural economics: patient capital as a comparative advantage

2017 ◽  
Vol 1 (1) ◽  
pp. 4 ◽  
Author(s):  
Justin Yifu Lin ◽  
Yan Wang
Keyword(s):  
Comparative Advantage ◽  
World Economy ◽  
Institutional Factors ◽  
Capital Account ◽  
Public Infrastructure ◽  
Short Term ◽  
Capital Account Liberalization ◽  
The World ◽  
New Structural Economics

The world economy needs a growth-lifting strategy, and infrastructure financing seems to hold the key. Based on the New Structural Economics (Lin, 2010; 2012) we discuss the heterogeneity of capital focusing on the long-term versus short-term orientation (STO). Traditional neoliberalism assumes that capital is homogenous, complete capital account liberalization is “beneficial”.However, previous studies have found evidence of long-term orientation (LTO) in the culture of many Asian economies (Hofstede, 1991). In this exploratory paper, we suggest that the LTO can be considered a special endowment which, under certain circumstances, can be developed into a comparative advantage (CA) in patient capital. If these countries can turn their latent CA into arevealed CA in patient capital, and develop the ability to “package” profitable and non-profitable projects in meaningful ways, they would have a “revealed” competitive advantage in infrastructure financing. The ability to “package” public infrastructure and private services is one of the key institutional factors for success in overseas cooperation.

scholarly journals COMPLEXITY-BASED ANALYSIS OF THE ALTERATIONS IN THE STRUCTURE OF CORONAVIRUSES

Fractals ◽  
2021 ◽  
Vol 29 (02) ◽  
pp. 2150123
Author(s):  
HAMIDREZA NAMAZI ◽  
ALI SELAMAT ◽  
ONDREJ KREJCAR
Keyword(s):  
Hurst Exponent ◽  
Complex Structure ◽  
Approximate Entropy ◽  
Sample Entropy ◽  
Long Term Memory ◽  
Complex Structures ◽  
Term Memory ◽  
The World ◽  
First Time

The coronavirus has influenced the lives of many people since its identification in 1960. In general, there are seven types of coronavirus. Although some types of this virus, including 229E, NL63, OC43, and HKU1, cause mild to moderate illness, SARS-CoV, MERS-CoV, and SARS-CoV-2 have shown to have severer effects on the human body. Specifically, the recent known type of coronavirus, SARS-CoV-2, has affected the lives of many people around the world since late 2019 with the disease named COVID-19. In this paper, for the first time, we investigated the variations among the complex structures of coronaviruses. We employed the fractal dimension, approximate entropy, and sample entropy as the measures of complexity. Based on the obtained results, SARS-CoV-2 has a significantly different complex structure than SARS-CoV and MERS-CoV. To study the high mutation rate of SARS-CoV-2, we also analyzed the long-term memory of genome walks for different coronaviruses using the Hurst exponent. The results demonstrated that the SARS-CoV-2 shows the lowest memory in its genome walk, explaining the errors in copying the sequences along the genome that results in the virus mutation.

scholarly journals Prospects for Vietnam’s Economy in 2013

2013 ◽  
Vol 215 ◽  
pp. 02-11
Author(s):  
NGÂN TRẦN HOÀNG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
World Economy ◽  
Inflation Rate ◽  
Economic Restructuring ◽  
Short Term ◽  
Economic Growth Model ◽  
The World ◽  
Global Growth

In 2012, Vietnam?s economy faced great challenges. The world economy experienced more difficulties and complicated upheavals. International trade fell drastically while global growth rate was lower than predicted target, which affected badly the Vietnamese economy because of its full integration into the world economy and large openness. In this context, principal targets set for 2013 are macroeconomic stability, lower inflation rate, higher growth rate, three strategic breakthroughs associated with restructuring of the economy, and a new economic growth model. This paper analyzes obstacles to Vietnam?s economic growth, and offers short-term solutions to bottlenecks and long-term ones to the economic restructuring.

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