scholarly journals A gravitational model extended by institutional and cultural factors for Colombian foreign trade

2021 ◽  
Vol 11 (9) ◽  
pp. 2313-2322 ◽  
Author(s):  
Vivian Katherine Suárez ◽  
Jairo R. Montoya-Torres ◽  
Juan Pedro Sepúlveda-Roja
Keyword(s):  
Foreign Trade ◽  
Historical Data ◽  
Cultural Factors ◽  
Trade Flows ◽  
Traditional Model ◽  
New Model ◽  
Institutional Stability ◽  
Gravitational Model ◽  
The Impact

Gravitational models are currently a commonly used methodology to analyze the behavior of countries' trade flows. These studies typically seek to measure the impact of distance and the size of economies as factors that increase or decrease the propensity to trade between countries. Instead of using the traditional model, this paper introduces two distance variables which are built as modernity factors of culture and productive and institutional apparatus that give some evidence the importance of the economic and institutional stability of the countries to favor trade flows. The new model is tested using historical data of Colombia foreign trade between 1995 and 2015 (which is the most updated year publicly available).

scholarly journals THE RESEARCH ON INTERFACE BETWEEN LITHUANIAN DIRECT INVESTMENT ABROAD AND FOREIGN TRADE FLOWS

2016 ◽  
Vol 14 (1) ◽  
pp. 136-151
Author(s):  
Anžela KOZLOVA ◽  
Algita MIEČINSKIENĖ
Keyword(s):  
Foreign Trade ◽  
Direct Investment ◽  
Developed Countries ◽  
Trade Flows ◽  
General Development ◽  
Causality Test ◽  
Import And Export ◽  
The Developed Countries ◽  
The Impact ◽  
Research Analysis

The scientific research results related to foreign trade and direct investment abroad (DIA) are discussed in the article. The relation of the direct investment abroad and foreign trade is still under the discussion as there is no clear answer whether foreign trade is supplemented or replaced by the direct investment abroad. Since 1997 the flows of the direct investment abroad increased greately in Lithuania. Consequently, it is important to define the link between the DIA and foreign trade considering each country separately. Direct investment abroad and trade links in Lithuania in 1997–2014 are analyzed in the article. The research analysis involves Lithuanian direct investments in the developed countries except some countries, such as Belorus, Russia and Ukraine. It is defined that there is a positive bilateral link between Lithuanian direct investment abroad and foreign trade. It is also observed the impact of general development of Lithuanian direct investment abroad (considering certain countries) on the countries economy itself – imports can exceed exports. Engle-Granger causality test is applied in the research paper for the purpose of defining the impact of the DIA on the import and export range.

scholarly journals The impact of global institutionalization within the WTO on foreign trade flows, the case of Ukraine

2019 ◽  
Keyword(s):  
Foreign Trade ◽  
Institutional Environment ◽  
Positive Impact ◽  
Trade Flows ◽  
Gravity Models ◽  
Institutional Framework ◽  
Institutional Variables ◽  
Global Competitiveness ◽  
Trade Area ◽  
The Impact

Since the establishment of the World Trade Organization (WTO) as the main institutionalizing force in the trade area more than 20 years ago, developing countries have sought to gain special recognition and treatment within the multilateral system in order to solve their structural and systemic problems.However, the impact of global institutionalization within the WTO on member-countries’ foreign trade remains debatable. The subject of research of the article is the impact of global institutionalization within the WTO on Ukraine’s foreign trade flows. The objective is to evaluate the impact the global institutionalization within the WTO has on the foreign trade of Ukraine and develop a roadmap for national institutional environment improvement. The main method used is gravity modelling.Heritage Foundation’s Index of Economic Freedom, World Economic Forum’s Index of Global Competitiveness and World Bank’s world gavernance indicators are used separately in constructed models as institutional variables. All the models also include dummy variables, which indicate WTO – or RTA-membership of two countries. The sample includes all the countries, which have been trade partners of Ukraine during last 20 years. The following results were obtained:6 gravity models areconstructed, which allowes to calculate the possible percentage of Ukraine’s exports increase due to the enhancement of Ukraine’s institutional variables to theaverage European level and develop a roadmap for national institutional framework improvement. Conclusions: the calculated percentage of increase proves that the global institutionalization within the WTO may have a a positive impact on Ukraine’s foreign trade flows, gravitaty modelling helps in determining how Ukraine’s national institutional framework can be improved.

The impact of cultural factors on attachment dynamics: a view from Irish society

2019 ◽  
Vol 13 (2) ◽  
pp. 207-223
Author(s):  
Michael O’Toole
Keyword(s):  
Significant Role ◽  
Emotional Development ◽  
Cultural Factors ◽  
Seamus Heaney ◽  
Irish Society ◽  
Irish Context ◽  
Key Points ◽  
The Many ◽  
The Impact ◽  
The Relationship

In this article I examine aspects of the relationship between mothers and sons from an attachment perspective in an Irish context. Through the works of Irish writers such as Seamus Heaney, John McGahern, and Colm Tóibín, I focus on particular aspects of this relationship, which fails to support the developmental processes of separation and individuation in the many men who come to me for psychotherapy. I illustrate key points concerning this attachment dynamic through the use of clinical examples of my work with two men from my practice. While acknowledging that many other cultural factors play a significant role in the emotional development of children, integrating the work of our poets, novelists, and scholars with an attachment perspective

The Impact of Terrorism on Construction Industry in Iraq

2015 ◽  
Vol 3 (2) ◽  
pp. 69-84
Author(s):  
Wadhah Amer Hatem ◽  
Samiaah M. Hassen Al-Tmeemy
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Historical Data ◽  
Terrorist Attacks ◽  
Construction Sector ◽  
Statistical Procedures ◽  
Qualitative Approaches ◽  
Suicide Attacks ◽  
The Face ◽  
The Impact

     Suicide attacks, bombings, explosions became the part of daily life in Iraq. Consequently, the threat of terrorism put the Iraqi construction sector in the face of unique and unusual challenges that not seen on other countries. These challenges can have extensive impact on construction projects. This paper seeks to examine the impact of the terrorist attacks on construction industry and determine the extent to which the impact of terrorism on construction projects in terms of cost, schedule, and quality. This study adapted quantitative and qualitative approaches to collect data using questionnaire survey and interviews, as well as historical data. The study focused on projects that have been the target of terrorist strikes in Diyala governorate. A variety of statistical procedures were employed in data analysis. The results revealed the extent to which terrorist attacks impact construction projects in terms of cost, time, and quality. The results of this study will enhance the awareness of all construction parties to the impact of the terrorist attacks against construction projects. Eventually, this can develop a risk management assessment and assist contractors to properly protect projects and buildings to minimize injuries and fatalities in the event of terrorism.

The Impact of Sanctions on North Korea’s Foreign Trade from the Perspective of the Comparative Advantage Theory

2019 ◽  
pp. 4-15
Author(s):  
I. A. Korgun ◽  
G. D. Toloraya
Keyword(s):  
Foreign Trade ◽  
Competitive Advantage ◽  
National Economy ◽  
North Korea ◽  
Rent Seeking ◽  
Economic Transformation ◽  
Global Trade ◽  
Negative Consequences ◽  
The North ◽  
The Impact

The presented study analyzes the opportunities for North Korea to capitalize on its competitive advantages in foreign trade in the context of sanctions.Aim. The study aims to identify mechanisms that allow North Korea to engage in foreign trade in circumvention of UN sanctions and to analyze their impact on the national economy.Tasks. The authors analyze the structure of North Korea’s national economy, its initial competitive advantage, identify the specific features of North Korea’s foreign trade in the context of sanctions, and determine the consequences of illicit trade in circumvention of sanctions for the national economy.Methods. This study uses an interdisciplinary approach that combines the classical theory of competitive advantage with the concept of rent seeking, with the concept of rent seeking and analysis of trade flows.Results. The study shows that, despite the restrictions imposed by sanctions, North Korea strives to make the most of its advantages, such as resource availability and cheap labor, in global trade. The country builds its own export-import chains in circumvention of sanctions. These chains are rather mobile, flexible, and controlled by the elite. As a result, benefits from trade that could be evenly distributed among the population are concentrated in the hands of a narrow segment of society. ‘Rent seeking’ makes it possible to formulate the negative consequences of these processes for the North Korean economy and the international community.Conclusions. Solving the North Korean issue requires an economic transformation in the country through the replacement of restrictive sanctions with more constructive ones. The exclusion of North Korea from open global trade leads to the country’s marginalization and impairs the transparency of international commodity flows.

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