scholarly journals The Effectiveness of China's Foreign Trade Liberalization

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Andrzej Cieślik ◽  
Tenzin Tseyang
Keyword(s):  
Costa Rica ◽  
Foreign Trade ◽  
Trade Liberalization ◽  
Bilateral Trade ◽  
Trade Agreements ◽  
Estimation Methods ◽  
Panel Data Estimation ◽  
Ex Post ◽  
Bilateral Exports ◽  
Data Estimation

Abstract This paper studies the ex-post trade effects of China's multilateral, regional and bilateral trade liberalization using augmented gravity and panel data estimation methods for the period 1995–2016. China's accession to the WTO was revealed to have had a significant impact on the volume of trade as well as on bilateral exports and imports. Regional trade agreements and the majority of bilateral trade agreements were found not to be effective in increasing China's foreign trade. Only the agreements with Chile, Costa Rica and Switzerland were effective in increasing China's trade volume. Moreover, the results for Chile were driven by increases in both exports and imports, while for Costa Rica and Switzerland only by increased imports from these countries.

scholarly journals LA INSERCIÓN COMERCIAL DE CHINA EN LATINOAMÉRICA

2019 ◽  
Vol 78 (310) ◽  
pp. 137
Author(s):  
Jorge Alberto López Arévalo ◽  
Óscar Rodil Marzábal
Keyword(s):  
Costa Rica ◽  
Free Trade ◽  
Fixed Effects ◽  
Bilateral Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Trade Integration ◽  
Negative Effect ◽  
The Difference ◽  
Positive Effect

<p>Este trabajo estudia los intercambios bilaterales de China con México, Chile, Costa Rica y Perú desde la óptica del comercio intraindustrial durante 1995-2017. En particular, se analizan las diferencias en el patrón de inserción intraindustrial en un contexto marcado por la existencia (Chile, Costa Rica y Perú) o no (México) de acuerdos de libre comercio con China. El estudio se completa con un análisis econométrico (efectos fijos) de los determinantes del comercio intraindustrial. Los resultados muestran una inserción de bajo perfil intraindustrial, con la excepción de algunas partidas específicas relativas a productos eléctricos y de la industria automotriz. Por otro lado, se confirma el efecto positivo del tamaño de la economía, de la inversión extranjera directa y de la diferenciación de producto, así como negativo de la diferencia en el nivel de ingreso; mientras que existe una indefinición en el papel de los acuerdos de libre comercio con China.<br /><br /></p><p>THE TRADE INTEGRATION OF CHINA IN LATIN AMERICA</p><p> </p><p><strong>ABSTRACT</strong><br />This paper studies China’s bilateral trade with Mexico, Chile, Costa Rica and Peru from the perspective of intra-industrial trade during 1995-2017. In particular, the differences in the pattern of intra-industrial insertion are analyzed in a context characterized by the existence (Chile, Costa Rica and Peru) or not (Mexico) of free trade agreements with China. An econometric analysis (fixed effects) of the determinants of intra-industrial trade completes the study. The results show a low intra-industrial profile, except for some specific items related to electrical products and the automotive industry. The positive effect of the size of the economy, foreign direct investment and product differentiation is also confirmed, as well as the negative effect of the difference in income level. However, there is an undefined role for free trade agreements with China.</p>

scholarly journals The Dynamic Effects of Innovation, FDI, & Trade Liberalization on Services Sector: An Evidence from Developed and Developing Economies

2020 ◽  
Vol 8 (2) ◽  
pp. 116-132
Author(s):  
Muhammad Chishti ◽  
◽  
Farrukh Mehmood ◽  
Keyword(s):  
Trade Liberalization ◽  
Developing Economies ◽  
Trade Openness ◽  
Dynamic Panel Data ◽  
Dynamic Effects ◽  
Services Sector ◽  
Panel Data Estimation ◽  
Productivity Differential ◽  
Data Estimation

The current study is a bid to explore the dynamic effects of Innovation, FDI, and trade openness on services sector in selected developed and developing economies for the period of 1992 to 2016. For computing the empirical findings, this study deploys the static as we all dynamic panel data estimation approaches. The results reveal the significant role of GDP per capita and FDI in the growth of services sector. However, the services sector incurs the detrimental repercussions on the account of trade liberalization. These findings also demonstrate that, in both samples of economies, the services sector does not respond to the productivity differential. Furthermore, innovation exhibits a significant association with the growth of services sector in the case of developing economies.

scholarly journals Geo-economics and the Hub and Spokes system: the Japanese case

2021 ◽  
Vol 9 (3) ◽  
pp. 33-52
Author(s):  
Ricardo Vega
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Bilateral Trade ◽  
Balance Of Power ◽  
Trade Agreements ◽  
International Markets ◽  
Foreign Trade Policy ◽  
Japanese Case ◽  
The World

This paper examines the reasons why Japan has been building a foreign trade policy based on a hub-and-spokes system. It will be argued that trade efficiency and exports promotion are assumptions that need a broader reconsideration through a geo-economics approach. What defines Japan’s pursuit of several bilateral trade agreements is assuring its relative economic hegemony whilst changes in the world balance of power are taking place. As Japan faces an uncertain and unforeseeable future, it needs to strengthen its trade policy to guarantee access to international markets. Japan’s trade policy goes beyond the efficiency scope and it entails a geo-economics elucidation.

scholarly journals “Path-Dependency” Effect in Japan-U.S. Trade

2021 ◽  
Vol 65 (11) ◽  
pp. 31-39
Author(s):  
Z. Podoba ◽  
V. Gorshkov
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Structural Changes ◽  
Bilateral Trade ◽  
Trade Agreements ◽  
The United States ◽  
Path Dependency ◽  
Trade Negotiations ◽  
Trade Relations ◽  
The U.S

The paper addresses current issues in Japan-U.S. foreign trade following the signing of the Japan-U.S. Trade Agreement and the Japan-U.S. Agreement on Digital Trade in October 2019. By providing an overview of Japan-U.S. trade relations, analyzing current trends in bilateral foreign trade and outlining basic terms of new bilateral agreements, the authors conclude that “path-dependency” in Japan-U.S. contemporary foreign trade persists and trade relations between the two countries are to a greater extent influenced by the U.S. trade policy which aims to assure a broader access of American companies to Japanese markets – the situation that was typical for bilateral trade relations since the 1980s. “Path-dependency” in Japan-U.S. trade relations, conventionally categorized by the existence of numerous trade contradictions, is pronounced in the unchanged goals, strategy and tactics of foreign trade negotiations. The United States maintains its “attacking” role and dominates in the bilateral trade negotiations, while Japan, despite its enhancing influence in the multilateral trading system and regional trade agreements, is forced to “self-defend” and make concessions to a more dominant partner in order to maintain its automobile exports to the United States at the expense of its national interests in other industries, particularly in the agricultural sector. Thus, new trade agreements are unlikely to cause significant structural changes in Japan-U.S. bilateral trade in the shortterm as the problem of persistent trade deficits remains. In order to break the vicious circle of “path-dependency” Japan is to actively cooperate with the economies of the European Union which have large amounts of trade deficits with the U.S., can serve as a mediator in the U.S. – China trade conflicts, as well with other Asian countries via mega-FTAs which possess potential risks to the United States. Further development of foreign trade cooperation will depend on the initiatives of new governments in both countries.

Rules, Sanctions and Enforcement Under Section 301: At Odds with the WTO?

1996 ◽  
Vol 90 (4) ◽  
pp. 675-689 ◽  
Author(s):  
A. Lynne Puckett ◽  
William L. Reynolds
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Bilateral Trade ◽  
Trade Agreements ◽  
The United States ◽  
United States Trade ◽  
Section 301

Section 301 of the Trade Act of 1974 permits the United States Trade Representative (USTR) to investigate and impose sanctions on countries whose trade practices are found to be unfair to U.S. interests. It reaches beyond the General Agreement on Tariffs and Trade (GATT), to give the United States unilateral power to penalize countries that threaten American interests. Section 301 can be used to enforce United States rights under multilateral and bilateral trade agreements, as well as to remedy unreasonable, unjustifiable or discriminatory foreign trade practices that restrict or burden U.S. trade. It contains both mandatory and discretionary provisions and specific timetables for action by the USTR.

scholarly journals Relationship Between Commercial Bank Availability and Income Inequality

2021 ◽  
Vol 12 (3) ◽  
pp. 156-162
Author(s):  
Aman Takiyar ◽  
Varun Chotia
Keyword(s):  
Income Inequality ◽  
Commercial Bank ◽  
Financial Institutions ◽  
Positive Relationship ◽  
Estimation Methods ◽  
Financial Network ◽  
Bank Branches ◽  
Panel Data Estimation ◽  
The Relationship ◽  
Data Estimation

The objective of this study is to examine the relationship between commercial bank branches availability and income inequality. Further, the study also assesses the interaction effect of corruption and commercial bank availability on income inequality. The present study uses panel data estimation methods for analysing the above relationship for SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, and Sri Lanka). The analysis suggests that a positive relationship exists between income inequality and financial availability in the initial stages. However, as the financial institutions reach a level of maturity and more people are integrated in the financial network, the level of income inequality starts reducing. Moreover, increase in financial availability helps in reducing income inequality when it is supported by less corrupt institutions. Policymakers should focus on reducing the level of corruption so as to enhance the effectiveness of the penetration of commercial bank branches.

scholarly journals Analysing the trade effects of the EU-SA & SADC trading agreements: a panel data approach

2011 ◽  
Vol 14 (2) ◽  
pp. 229-244 ◽  
Author(s):  
Andre Cillie Jordaan ◽  
Patrick Kanda
Keyword(s):  
South Africa ◽  
Panel Data ◽  
Bilateral Trade ◽  
Trade Agreement ◽  
Preferential Trade Agreement ◽  
Preferential Trade ◽  
Panel Data Estimation ◽  
Trade Effects ◽  
Data Estimation ◽  
The Eu

This study investigates the trade effects of the EU-SA and SADC preferential trade agreements of which South Africa is a member. Using a panel data estimation of the gravity model of bilateral trade and based on data from 1994 to 2008, the study finds the EU-SA preferential trade agreement to have a significant trade expansion effect. The study further reveals that an informative conclusion on trade effects of the SADC preferential trade agreement can only be reached once the agreement has been fully operational. The study also recommends that trade policy in South Africa should increasingly be geared towards broad-based multilateral liberalisation. In addition, South Africa should promote regional economic stability and development through supporting regional trade agreements initiatives. Keywords: Trade creation, trade diversion, preferential trade agreement, panel data estimation, gravity model of bilateral trade

scholarly journals RELATIONSHIP BETWEEN COMMERCIAL BANK AVAILABILITY AND INCOME INEQUALITY - EVIDENCE FROM SAARC COUNTRIES

2021 ◽  
Vol 12 (3) ◽  
pp. 0-0
Keyword(s):  
Income Inequality ◽  
Commercial Bank ◽  
Financial Institutions ◽  
Positive Relationship ◽  
Estimation Methods ◽  
Financial Network ◽  
Bank Branches ◽  
Panel Data Estimation ◽  
The Relationship ◽  
Data Estimation

The objective of this study is to examine the relationship between commercial bank branches availability and income inequality. Further the study also assesses the interaction effect of corruption and commercial bank availability on income inequality. The present study uses panel data estimation methods for analysing the above relationship for SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka). The analysis suggests that a positive relationship exists between income inequality and financial availability in the initial stages. However, as the financial institutions reach a level of maturity and more people are integrated in the financial network, the level of income inequality starts reducing. Moreover, increase in financial availability helps in reducing income inequality when it is supported by less corrupt institutions. Policymakers should focus on reducing the level of corruption so as to enhance the effectiveness of the penetration of commercial bank branches.

scholarly journals Job-Education Mismatch and Its Impact on the Earnings of Immigrants: Evidence from Recent Arrivals to Canada

2013 ◽  
Vol 2013 ◽  
pp. 1-14 ◽  
Author(s):  
Mesbah Fathy Sharaf
Keyword(s):  
Negative Impact ◽  
Probit Model ◽  
Estimation Methods ◽  
Recent Immigrants ◽  
Panel Data Estimation ◽  
Bivariate Probit Model ◽  
Wage Loss ◽  
High Incidence ◽  
Data Estimation ◽  
And Training

Using the most recent Longitudinal Survey of Immigrants to Canada, this paper measures the incidence of job-education mismatch, particularly over-education, examines its determinants, and estimates its impact on the earnings of immigrants. Job-education mismatch is measured using the realized match method, and the corresponding earnings impact is estimated using an over-required-under education technique. Determinants of over-education are examined using a bivariate probit model to account for selectivity into employment. Panel data estimation methods are used to estimate earnings equations and the analysis is stratified by gender. Results show that recent immigrants to Canada have a persistent high incidence and intensity of over-education with a substantial negative impact on their earnings. In particular, two-thirds of recent immigrants to Canada are over-educated with a wage loss of 8%, while an under-educated immigrant loses around 2% on average. Results also show that proficiency in English or French and post-immigration investment in education and training significantly reduce the likelihood of being over-educated. The findings of this study could benefit policies directed to help immigrants integrate in the labour market.

scholarly journals Added-variable plots for panel-data estimation

2020 ◽  
Vol 20 (1) ◽  
pp. 30-50
Author(s):  
John Luke Gallup
Keyword(s):  
Panel Data ◽  
Fixed Effects ◽  
Regression Line ◽  
Estimation Methods ◽  
Panel Data Estimation ◽  
Regression Parameters ◽  
Added Variable Plots ◽  
Relationship Of ◽  
The Impact ◽  
Data Estimation

In this article, I extend the theory of added-variable plots to three panel-data estimation methods: fixed effects, between effects, and random effects. An added-variable plot is an effective way to show the correlation between an independent variable and a dependent variable conditional on other independent variables. In a multivariate context, a simple scatterplot showing x versus y is not adequate to show the relationship of x with y, because it ignores the impact of the other covariates. Added-variable plots are also useful for spotting influential outliers in the data that affect the estimated regression parameters. Stata can display added-variable plots with the command avplot, but it can be used only after regress. My new command, xtavplot, is a postestimation command that creates added-variable plots after xtreg estimates. Unlike avplot, xtavplot can display a confidence interval around the fitted regression line.

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