scholarly journals TRADE DEFICIT IN NEPAL: A REVIEW ON CURRENT TRADE DEFICIT, CAUSES AND SOLUTIONS

2021 ◽  
Vol 5 (2) ◽  
pp. 45-50
Author(s):  
Dikshya Mahat ◽  
Lenin Shumsher Kunwar
Keyword(s):  
Coming Out ◽  
Rural Economy ◽  
Economies Of Scale ◽  
Agricultural Sector ◽  
Trade Deficit ◽  
Fiscal Year ◽  
Management Skills ◽  
Total Trade ◽  
Trading Partners ◽  
The Usa

With globalization, world trade has been growing at a rapid pace. In most developing countries like Nepal, the problem of trade deficit has always been a part of the concern. The objective of this paper is to articulate the historical trend of the trade deficit in Nepal, the major imports and exports, the causes of the trade deficit, and some recommendations to solve the trade deficit. Nepal expanded its trade relationship after becoming a member of WTO on 23rd April 2004. Nepal mainly exports readymade garments, pashmina products, leather products, pulses, handicrafts, spices, medicinal herbs. The main imports are cereals, vehicles, pharmaceuticals, Mineral fuels, oils, iron & steel, plastics, gems, machinery. Major trading partners of Nepal are India, China, the USA, UAE, Canada, Indonesia, Argentina, France, Malaysia, and Ukraine. In the fiscal year 2019/20, imports decreased by 15.63%, and export increased by 0.62%. As a result, the total trade deficit decreased by 16.83%. Landlockedness, higher production cost, political instability, devaluation of currency are the factors impeding Nepal from coming out from the labyrinth of trade deficit. Fortification of the agricultural sector, focus on hydropower, improvement of infrastructures, modified trade policy, prioritization on export potential goods can solve the trade deficit. The country should strive towards specialization, strengthening the rural economy, gaining economies of scale, exploiting entrepreneurial and management skills of the labor force.

TRADE AND ECONOMIC COOPERATION BETWEEN US, CANADA AND MEXICO IN THE CONTEXT OF NAFTA AND USMCA AGREEMENTS

2020 ◽  
pp. 583-614
Author(s):  
Nadiia KRYVENKO
Keyword(s):  
Foreign Trade ◽  
Agricultural Sector ◽  
Trade Agreements ◽  
Trade Flows ◽  
Agricultural Products ◽  
Regional Trade Agreements ◽  
Total Trade ◽  
Regional Trade ◽  
Before And After ◽  
The Usa

The development of the USA, Canada and Mexico is studied taking into account the signing of the new USMCA Agreement, and some differences from the previous NAFTA are presented in accordance with modern challenges. The foreign trade of the association and its separate member states is analysed, their shares in the general trade are determined, and basic indicators of international trade are calculated. The main directions of trade flows and the importance of partner countries with regards to each other are identified. Exports are analysed taking into account the periods before and after the conclusion of the Agreement, while changes of intra-regional trade between the partner countries are investigated. Particular attention is paid to the study of foreign trade in agricultural products. Its share in total trade in goods is defined, the basic indicators are analysed, features concerning directions are determined. Trade trends taking into account North-South integration are considered, and the corresponding features are revealed. The importance of the agricultural sector in the new USMCA Agreement is presented as a result of the consideration of trade policy for agricultural products. It is proposed to take into account certain provisions of USMCA when concluding regional trade agreements of Ukraine in the future, as well as the possible impact on trade with Ukraine.

scholarly journals Czech foreign agricultural trade after joining the European Union

2009 ◽  
Vol 55 (No. 12) ◽  
pp. 583-595 ◽  
Author(s):  
V. Bašek ◽  
J. Kraus
Keyword(s):  
Foreign Trade ◽  
Agricultural Sector ◽  
Trade Deficit ◽  
Agricultural Trade ◽  
Customs Union ◽  
The European Union ◽  
Before And After ◽  
Trading Partners ◽  
Territorial Structure ◽  
The Eu

The objective of the paper is to assess how the Czech agricultural sector has withstood keen competition in the EU single market as measured by the basic indicators of foreign trade exchange. The impacts expressed by the indicators of active and/or adverse balance of trade were monitored for the post-accession period (the average of the years 2005–2007) in comparison with the pre-accession period (the average of the years 2001–2003). The assessment of the impacts of the accession to the EU is based on an analysis of the commodity and territorial structure of Czech agricultural foreign trade. The comparison of agricultural balance before and after the accession to the EU for our major trading partners shows that the active balance of the CR with Slovakia increased to 12.0 billion CZK per year; on the contrary, in relation to Poland, the trade deficit of 6.4 billion CZK per year was recorded while Germany strengthened its position in relation to the CR by an increase in the negative balance to 5.4 billion CZK and in relation to Austria, our adverse balance is maintained at the level of 1.1 to 1.2 billion CZK per year for a long time. After the accession to the EU, it was confirmed that the former EU 15 countries took a greater advantage of the customs union enlargement in the framework of the EU 27.

scholarly journals China’s trade in climate smart goods: an analysis of trends and trading patterns

2018 ◽  
Vol 9 (3) ◽  
pp. 12-22 ◽  
Author(s):  
Tonmoy Chowdhury ◽  
A K M Nazrul Islam
Keyword(s):  
Trade Openness ◽  
Photovoltaic System ◽  
Economic Activities ◽  
Total Trade ◽  
Optical Elements ◽  
Positive Effects ◽  
Trading Patterns ◽  
Trading Partners ◽  
The Usa ◽  
Trade And Investment

Trade and investment have positive effects on economic growth and development, especially for developing countries, where trade openness could play a crucial role to eliminate poverty. But in the same way trade and investment can also harm the environment by producing GHG, pollutions and other environmental negative externalities. Since economic development, trade and environment are elaborately interconnected, it is indispensable to amalgamate environmentally affiliated issues on the development agenda. With expansion of economic activities and trade on the one hand and consequent threats to the environment on the other, the question of environment-friendly trade has emerged as a serious policy agenda in recent years. In that context, trade in climate smart goods (CSGs) is assumed to play a significant role in promoting sustainable development pathway. Given that China’s global trade is expanding at an unprecedented scale, the present paper is designed to analyze the trends and trading patterns of China’s trade in CSGs with the rest of the world. Based on the collected data covering the period of 1992 to 2016 from UN Comtrade, the analyses indicate that total trade in CSGs by China has been increasing, but its share in total trade volume is still very low. It is understood that China’s exports and imports of CSGs are dominated by a few products, namely photosensitive semiconductor devices (854,140), static converters (850,440), articles of plastic and arts of other material (392,690), photovoltaic system controller (853,710), discharge lamps, fluorescent (853,931), parts of electric motors, generators, generating sets and rotary converters (850,300), machine and mechanical appliance (847,989), other lead-acid accumulators (850,720), prism, mirrors and other optical elements unmounted (900,190), cooking appliances and plate warmers (732,111), gears and gearing, other than toothed wheels (848,340), other machinery, plant and equipment (841,989), filtering or purifying machinery and apparatus for gases (842,139), etc. While the major trading partners of China for CSGs are the USA, Japan, India, Malaysia, Germany, Korea Republic, Singapore, Thailand, Vietnam, the Netherlands, Hong Kong, Russia, Brazil, Australia, Pakistan, Israel, among others.

scholarly journals Reserved Bed Program Reduces Neurosciences Intensive Care Unit Capacity Strain: An Implementation Study

Neurosurgery ◽  
2019 ◽  
Vol 86 (1) ◽  
pp. 132-138
Author(s):  
Christopher D Shank ◽  
Nicholas J Erickson ◽  
David W Miller ◽  
Brittany F Lindsey ◽  
Beverly C Walters
Keyword(s):  
Intensive Care ◽  
Economies Of Scale ◽  
Negative Impact ◽  
The United States ◽  
Fiscal Year ◽  
Implementation Study ◽  
Service Line ◽  
Hospital Units ◽  
Significant Negative Impact ◽  
Operational Issues

Abstract BACKGROUND Neurosciences intensive care units (NICUs) provide institutional centers for specialized care. Despite a demonstrable reduction in morbidity and mortality, NICUs may experience significant capacity strain with resulting supraoptimal utilization and diseconomies of scale. We present an implementation study in the recognition and management of capacity strain within a large NICU in the United States. Excessive resource demand in an NICU creates significant operational issues. OBJECTIVE To evaluate the efficacy of a Reserved Bed Pilot Program (RBPP), implemented to maximize economies of scale, to reduce transfer declines due to lack of capacity, and to increase transfer volume for the neurosciences service-line. METHODS Key performance indicators (KPIs) were created to evaluate RBPP efficacy with respect to primary (strategic) objectives. Operational KPIs were established to evaluate changes in operational throughput for the neurosciences and other service-lines. For each KPI, pilot-period data were compared to the previous fiscal year. RESULTS RBPP implementation resulted in a significant increase in accepted transfer volume to the neurosciences service-line (P = .02). Transfer declines due to capacity decreased significantly (P = .01). Unit utilization significantly improved across service-line units relative to theoretical optima (P < .03). Care regionalization was achieved through a significant reduction in “off-service” patient placement (P = .01). Negative externalities were minimized, with no significant negative impact in the operational KPIs of other evaluated service-lines (P = .11). CONCLUSION Capacity strain is a significant issue for hospital units. Reducing capacity strain can increase unit efficiency, improve resource utilization, and augment service-line throughput. RBPP implementation resulted in a significant improvement in service-line operations, regional access to care, and resource efficiency, with minimal externalities at the institutional level.

Currency Manipulations and Bilateral Trade Between China and the USA

2017 ◽  
Vol 52 (3) ◽  
pp. 171-184 ◽  
Author(s):  
Masoud Moghaddam ◽  
Jie Duan
Keyword(s):  
Exchange Rate ◽  
Gravity Model ◽  
Bilateral Trade ◽  
Trade Deficit ◽  
The Us ◽  
Spot Exchange Rate ◽  
Main Culprit ◽  
Long Time ◽  
The Usa ◽  
Strong Relation

The US trade deficit with China has existed for a long time, and its dollar value has been on the rise recently. It is widely believed that the main culprit is the manipulated value of Renminbi relative to the US dollar. Towards that end, this article re-examines the spot exchange rate and bilateral trade nexus using the Fourier approximation and a variant of the well-known gravity model during the sample period 1993: q1–2014: q1. Although China’s exports to the US Granger cause the exchange rate in a co-integrated space, the findings of a vector error correction model indicate that there is not a strong relation between the two. Indeed, within the aforementioned sample, only 15.52 per cent of changes in China’s exports to the USA are attributable to changes in the spot exchange rate. This is noticeably much smaller than impacts of the other variables utilized in the estimated gravity model. As such, the palpable trade imbalance between the USA and China cannot be single-handedly blamed on the spot exchange rate manipulations.

The Thucydides Trap as an Alternative Explanation for the US–China Trade War

2020 ◽  
Vol 12 (1) ◽  
pp. 42-55 ◽  
Author(s):  
Imad A. Moosa
Keyword(s):  
Alternative Explanation ◽  
Bilateral Trade ◽  
National Income ◽  
Trade Deficit ◽  
Basic Principles ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Thucydides Trap ◽  
Trade War

The current trade war between the USA and China is perceived to be motivated by the US desire to curtail the bilateral trade deficit, on the assumption that reducing the deficit boosts economic growth. This flawed proposition indicates gross misunderstanding of the national income identity and the basic principles of macroeconomics. The imposition of tariffs will not reduce the trade deficit as the assumptions and conditions required for a smooth working of the process are unrealistic and counterfactual. The notion of an economic Thucydides trap is put forward to explain why the trade war is motivated by US apprehension about China’s rising economic power.

Modeling debt choice in agriculture: the effect of endogenous asset values

2017 ◽  
Vol 77 (1) ◽  
pp. 95-110 ◽  
Author(s):  
Maria Bampasidou ◽  
Ashok K. Mishra ◽  
Charles B. Moss
Keyword(s):  
Panel Data ◽  
Interest Rate ◽  
Agricultural Sector ◽  
Macroeconomic Policy ◽  
Rate Of Return ◽  
Data Set ◽  
Content Type ◽  
Asset Values ◽  
The Usa ◽  
Non Parametric

Purpose The purpose of this paper is to investigate the endogeneity of asset values and how it relates to farm financial stress in US agriculture. The authors conceptualize an implied measure of farm financial stress as a function of debt position. The authors posit that there are variations in the asset values that are beyond the farmer’s control and therefore have implications on farm debt. Design/methodology/approach The framework recognizes the endogeneity of return on assets (ROA). It uses a non-parametric technique to approximate the variance of expected ROA (VEROA). The authors model the rate of return on agricultural assets and interest rate with a formulation that focuses on macroeconomic policy. Further, the authors use a dynamic balanced panel data set from 1960 to 2011 for 15 US agricultural states from the Agricultural Resource Management Survey, and information from traditional state-level financial statements. Findings Estimation of linear dynamic debt panel data models accounting for the endogeneity of ROA and VEROA is a challenging task. Estimated variances are unstable. Hence, the authors focus on variance specification that uses the residuals squared from the ARIMA specification and non-parametric estimators. Arellano-Bover/Blundell-Bond generalized method of moments estimation procedures, although may be biased, show that VEROA has a negative and significant effect on the total amount of debt in the agricultural sector. Research limitations/implications The instruments used in this analysis are lagged regressors which may be weakly correlated with the relevant first-order condition, hence not properly identifying the parameters of interest. Future research could include the identification of better instruments, potentially use of sequential moment conditions. Originality/value Unlike previous study, the authors use non-parametric approximation of VEROA. The authors model the rate of return on agricultural assets and interest rate with a formulation that focuses on macroeconomic policy. Second, the authors make use of a large dynamic balanced panel data set from 1960 to 2011 for 15 agricultural states in the USA. To the best of the authors’ knowledge, this study is one of the few that provides evidence on risk-balancing behavior at the agricultural sector level, of the USA.

scholarly journals An Investigation into Change in Agricultural and Industrial Products Output-price Relationships Drawing from Nepalese Experience

2020 ◽  
pp. 12-19
Author(s):  
Ghan Shyam Dhakal
Keyword(s):  
Standard Deviation ◽  
Negative Correlation ◽  
Agricultural Sector ◽  
Agricultural Products ◽  
Fiscal Year ◽  
Annual Growth Rate ◽  
Industrial Products ◽  
Industrial Sectors ◽  
Low Degree ◽  
The Relationship

Purpose: This research article explored the relationship between change in output and domestic price of both agricultural and industrial products and the variability or consistency of the annual growth rate of change in price and output of both agricultural and industrial sectors of Nepal. Objectives: The research aimed to establish the relationship between change in the price of agricultural products and change in the price of industrial products in Nepal. Methods: The study applied descriptive and analytical approaches to measure the relationship or correlation between changes in output and prices of products in the agricultural and industrial sectors. The parameters were analysed by comparing the standard deviation and coefficient of variation. The relation of agricultural and industrial product output with price is established by using a simple correlation analysis. Limitations: Based on secondary data collected from various economic surveys of Nepal covering 17 years from fiscal year 2002/03 to 2018/19. It measured the relationship between the annual change in price and output of agricultural and industrial production using simple statistical tools like mean, standard deviation, and correlation. Results: It was found that there is a moderate positive correlation between the change in price of agricultural and industrial products. Similarly, there is a low degree negative correlation between change in output and price in both the agricultural and industrial sectors. Implications: There was a positive relationship between the price of agricultural products and industrial products. Therefore, it is necessary to give high priority to the development of the agricultural sector. Industrial development is impossible without the development of the agricultural sector because they are interdependent with each other. The agricultural sector and industrial sector are uplifted simultaneously. There was a low degree negative correlation between price and output of the product of both the agricultural and industrial sectors. Therefore, output increasing activities must be performed by private and public sectors.

scholarly journals Exchange rate policy, growth, and foreign trade in China

2011 ◽  
Vol 56 (190) ◽  
pp. 103-139 ◽  
Author(s):  
Mirjana Gligoric
Keyword(s):  
Exchange Rate ◽  
Foreign Trade ◽  
Foreign Exchange ◽  
Global Economy ◽  
Trade Deficit ◽  
Exchange Rate Policy ◽  
Negative Effects ◽  
Bilateral Relations ◽  
The Usa ◽  
Rate Policy

This paper analyzes a hot topic: the influence of an undervalued currency on macroeconomic variables - primarily on the economic growth and trade balance of a country, but also on employment, foreign exchange reserves, competition, and living standards. It also reviews and explains the consequences of yuan undervaluation, points out the need for its appreciation, and states the negative effects that stem from this measure. Special attention is given to the problematic bilateral relations between China and the USA and the reasons why Americans are worried about the exchange rate policy that China implements. Although yuan appreciation would decrease the American foreign trade deficit, it also raises the question of further financing of the American deficit. There are also other problems that the possible appreciation would cause for the American economy, due to the effect of J-curve, passthrough, larger costs of input imported from China, etc. Therefore, Chinese foreign exchange policy is an important subject, but it is not the solution to the problems of the global economy - which have deeper roots than that. However, there is no excuse for China implementing unfair exchange rate policies, or replacing such policies with controversial protectionist policies (as some authors have suggested).

Model Penguatan Subak di Era New Normal: Analisis Peran Collective Action pada Penerapan Sistem Terintegrasi Itik Padi di Tabanan-Bali

2020 ◽  
Vol 5 (5) ◽  
pp. 167
Author(s):  
Nyoman Utari Vipriyanti ◽  
Dewa Ayu Puspawati ◽  
Putu Lasmi Yulianthi Sapanca ◽  
Made Emy Handayani Citra
Keyword(s):  
Collective Action ◽  
Private Sector ◽  
Rural Economy ◽  
Agricultural Sector ◽  
Secondary Data ◽  
Integrated System ◽  
Primary Data ◽  
New Normal ◽  
The Government

The Covid 19 pandemic has brought significant changes to the economy of Bali as a domestic and foreign tourist destination. The tourism sector, as the main contributor to the largest contributor to Gross Regional Domestic Product (GRDP), experienced a contraction, which had an impact on other sectors. One of the sectors affected in the agricultural sector, especially the marketing of food products. In the new normal era in Bali, it is necessary to strengthen the rural economy through the application of technology but the process of implementing these innovations is not always successful. The success of collective action is determined by the rational boundaries of society. The rational boundaries of society can be expanded by the presence of symmetrical information. The research objective was to analyze the role of collective action on the application of the Integrated System of Rice Ducks as an effort to increase farmers' income. This research is a case study in Subak Lanyah, Tabanan Sub District, Tabanan-Bali District. Primary data were collected through direct observation and questionnaires while secondary data were collected through literature studies. Analysis of the role of collective action in the application of the integrated system of rice ducks (STIP) was carried out statistically descriptive of farm costs and farmer income. The results showed that the STIP innovation as an effort to increase farmers' income was successfully implemented through Collective action. The collective action mechanism plays a role in strengthening social capital which encourages the application of STIP technology so that the income of Subak member farmers in Subak Lanyah, Tabanan-Bali increases. The success in implementing STIP technology is done by building a process of communication, trust, and networks of farmers with the government, private sector, and universities.of communication, trust, and networks of farmers with the government, private sector, and universities.

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