Trade Deficit of Bangladesh with China: Patterns, Propensity and Policy Implications

This paper aims to examine export, import and trade intensity, export specialization index, Herfindahl-Hirschman index for bilateral concentration and diversification indices to analyze the specializations, structure and trends of deficit in bilateral trade between Bangladesh and China from 1995 to 2018 and policy recommendations in this regard. The results reveal that the gap of export and import intensity between Bangladesh and China is widening rapidly perennial. The export specialization indices expose very significant outcomes where among the analyzed 16 sectors; 6 sectors exhibit high specialization, 3 sectors demonstrate medium, 3 sectors exhibit low and the rest of the 4 sectors disclose no specialization for Bangladesh’s export to China. The findings of the Herfindahl-Hirschman Index (HHI) reveal that from 1995 to 2010 the export of Bangladesh to China concentrated within few sectors but from the year 2011 to 2018 the export has been reclassifying steadily into diversification. The overall analysis of the indices suggests the necessity to be improved of the level of intra-industry trade between China and Bangladesh. Moreover, emphasis should be given to the sectors having a high specialization that endure the capacity to narrow the trade deficit. Furthermore, the export baskets of Bangladesh to China require to be diversified. Hereafter, various measures and implications are also suggested in the policy recommendation for further improvement.

Methodology for the assessment of geoeconomics potential of agriculture

Agriculture has always played an important role in the country's economy. Its development and capacity were and is one of the factors of the population's security. That is why there is a need to develop a methodology that would assess the full geoeconomic potential of the country and determine whether the country still has unrealized potential in agriculture, or uses all opportunities for development in this area. The aim of the study is to substantiate the methodology for assessing the geoeconomic potential of the country’s agriculture taking into account its available resources and possibilities. The underlying procedure of the method consists in comparing the results of the use of common resources like land, labor, and capital by different countries. For this purpose, we used the method of the Data Envelopment Analysis (DEA) based on a comparative assessment of the efficiency indicators of the countries that have one specific feature in common. The DEA-analysis considers the result indicators per unit of resources used in agriculture. The efficiency indicators include indicators of economic, environmental and social effects. The target countries for assessment are selected regarding their similarity in terms of resource and political factors, as well as export specialization. The geoeconomic potential of Ukrainian agriculture has become a case study for practical approval of the assessment method. During the study, the following result were obtained: the geoeconomic potential of Ukraine and its competitors were assessed. It was concluded that Ukraine along with France and Spain fully use their geoeconomic potential. It was stated that in countries with the highest level of economic development is a highest level of environmentally destructive effect on the environment.

Trade Deficit of Bangladesh with China: Patterns, Propensity and Policy Implications

This paper aims to examine export, import and trade intensity, export specialization index, Herfindahl-Hirschman index for bilateral concentration and diversification indices to analyze the specializations, structure and trends of deficit in bilateral trade between Bangladesh and China from 1995 to 2018 and policy recommendations in this regard. The results reveal that the gap of export and import intensity between Bangladesh and China is widening rapidly perennial. The export specialization indices expose very significant outcomes where among the analyzed 16 sectors; 6 sectors exhibit high specialization, 3 sectors demonstrate medium, 3 sectors exhibit low and the rest of the 4 sectors disclose no specialization for Bangladesh’s export to China. The findings of the Herfindahl-Hirschman Index (HHI) reveal that from 1995 to 2010 the export of Bangladesh to China concentrated within few sectors but from the year 2011 to 2018 the export has been reclassifying steadily into diversification. The overall analysis of the indices suggests the necessity to be improved of the level of intra-industry trade between China and Bangladesh. Moreover, emphasis should be given to the sectors having a high specialization that endure the capacity to narrow the trade deficit. Furthermore, the export baskets of Bangladesh to China require to be diversified. Hereafter, various measures and implications are also suggested in the policy recommendation for further improvement.

Structure and dynamics of Ukrainian merchandise exports: a regional dimension

Ukraine’s integration into the global market has a clear resource-oriented nature, as agricultural products remain the dominant component of domestic merchandise exports. This urges the need to diversify the structure of exports and increase the share of high-tech and medium-tech industries. Given the structural heterogeneity of the formation of domestic merchandise exports in the regional context, the research in this direction is relevant. The purpose of the article is to identify key changes in the export specialization of the regions of Ukraine and to group the latter according to the level of their export activities. Based on the assessment of the structure of merchandise exports of Ukraine and its regions, the export specialization of the latter by commodity groups is determined. The diagnostic study of export activities at the meso-level results from the calculation of indicators that characterize: export orientation of the economy (calculated as the ratio between the value of merchandise exports of the region and gross regional product), export coverage of imports (calculated as the ratio between the values of merchandise exports and merchandise imports of the region), export manufacturability (calculated as the ratio between the values of high-tech exports of the region and merchandise exports in general), the high-tech export orientation of the industry (calculated as the ratio between the value of high-tech exports of the region and the volume of sold industrial products). The regions are divided into four conditional groups according to the level of their export activities, based on the values of the integrated index calculated by the method of the arithmetic mean of partial indicators. Some key trends and problems in the formation and development of Ukraine’s export potential are outlined. Emphasis is placed on the high share of products made from toll raw materials within the high-tech merchandise exports of the vast majority of regions of the Western region. Measures for the implementation of an efficient state policy of export promotion are proposed and their targets are defined.

Regional Aspect: Commodity Structure of Germany’s Exports

The article examines the specificity of commodities exports of Germany’s eastern and western lands. The indicators of sectoral export specialization are determined by comparing sectoral export quotas of the federal lands and the East/West with the general German sectoral export quotas. Calculations are based on data from the country's Federal Statistical Office for 2008 and 2019. As a result of the analysis of the indicators obtained, the general characteristics of the export specifics in relation to industrial branches and federal lands in two parts of the country are formulated, changes among the main specialized branches are explored, the roles of individual lands in the creation of export profiles of East and West Germany and the degree of correspondence between export profiles of the East/West and their lands are determined. The author outlines the convergence of new and old lands in various dimensions of specialization, the success of the East in the competition for specialization in the cars export and the preservation of significant Western advantages in the mechanical engineering’s export specialization and in the formation of new sectoral export focuses, and highlights the federal lands that have achieved high efficiency in the given field (Saxony in the East and Baden-Württemberg in the West).

Methodological Approach to the Assessment of Neo-Industrial Export Specialization

The relevance of the article is due to the importance of the development of export of high-processing industries. Objective: to develop methodological support for assessing the neo-industrial export specialization of regions and its determining factors. The research methods included identifying potential assessment parameters and testing their applicability based on the analysis of economic development statistics of the region selected as an example. The proposed methodological support for the assessment of neo-industrial export specialization includes its integral assessment, assessment of goods and services, assessment of the contribution of the high-tech component to the change in exports, ranking of regions by absolute values of high-tech exports. The method of assessing the factors of neo-industrial export specialization involves the assessment of indicators that identify these factors of exo-and endogenous order – the development of manufacturing production, innovation potential, transport potential, the development of the export support system, and the international demand for the region's products. The practical significance of the proposed methodological support lies in the fact that it makes it possible to analyze the neo-industrial export specialization of Russian regions and the factors of its development, and to identify and analyze possible directions of development in this area.

Geography of agricultural exports from Ukraine

Based on the generalization and systematization of scientific and accounting data, the article considers agriculture as one of the leading sectors of the Ukrainian economy, providing 50% of foreign exchange earnings from exports of all goods from the country. The structure and geography of agricultural exports from Ukraine are analyzed. The existing export potential of the studied sector of the national economy and the level of self-sufficiency of Ukraine in agri-food products are revealed. Four specialization types of agricultural exports from Ukrainian regions are established: areas with dominance in export of animal origin products; areas with a dominance in the export of plant products; areas with a predominance in the export of animal or vegetable origin fats and oils; area, with mixed export specialization. Recommendations for the re-profiling of agricultural production in a number of the country’s regions in order to increase exports of this product type.