import trade
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Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Jianjun Xu ◽  
Xiaowei Yang ◽  
Asif Razzaq

Humanistic factors have been playing increasingly significant roles in international trade. Recently, the Belt and Road Initiative (BRI) proposed by China has drawn worldwide attention. This paper examines the roles of humanistic factors in international trade networks across the BRI countries. Firstly, we analyzed the structural characteristics of the import trade network across the 61 BRI countries and subsequently adopted the cross-sectional exponential random graph model (ERGM) and temporal ERGM to analyze the role of different humanistic factors in the evolution of import trade network from the static and dynamic perspectives, respectively. The results show the following: (I) the network scale of the import trade across the BRI countries has been expanding, the network density of the trade has been increasing gradually, and the “small-world” characteristics of import network are gradually revealed; (II) all of the factors such as a common (official or spoken) language, a common legal origin, a common religious belief, and ever sibling relationship help the BRI countries establish closer import trade ties; and (III) the differences of trade liberalization and financial liberalization, gross domestic product (GDP), and population in different countries also contribute to the evolution of import trade network among the BRI countries, and the countries with relatively higher GDP and greater population are more active in the import trade network.


2021 ◽  
Author(s):  
Yulong Zhang ◽  
Binbin Pan

Abstract Traditional Production-Based Accounting (PBA) principle does not consider the embodied carbon emissions in export and import trade. A multiregional input-output (MRIO) model is constructed to estimate the embodied carbon dioxide emissions of 41 countries and regions worldwide, based on the PBA and shared responsibility approach in this paper. The results indicate that the embodied carbon emissions in 2018 in China's export trade were 1326.1 million tons higher than that of import trade. Through the empirical analysis of the embodied carbon emissions in China's import and export trade, it can be seen that China is a major producer of carbon emissions, not a consumer country, and has taken more carbon emissions responsibility for the world. And it is more reasonable and impartial to assign developed and developing country’s carbon emissions responsibility in the light of the shared responsibility method.


2021 ◽  
Vol 2021 ◽  
pp. 1-17
Author(s):  
Feng Zhao ◽  
Pingping Sun ◽  
Jie Zhang

In recent years, China has become the world’s largest importer of grain, and scholars have particularly examined whether China’s grain import trade presents this effect. By applying cointegration analysis to trade statistics panel data of China’s wheat, corn, rice, and soybean production and imports from January 2016 to December 2019, this paper empirically tests for the existence of the great country effect in China’s grain import trade. The results show that during the sample period, there is a long-term stable equilibrium relationship between the import volume, domestic price, and international price of the four major grains; the great country effect in the import trade of wheat and rice is not significant. The imports of corn and soybean present a great country effect to a certain extent in the short term; moreover, a change in the grain price in the international market does not lead to a change in China’s grain import volume, which shows that the great country effect in China’s grain import trade is distorted. Therefore, China should pay close attention to the impact of international factors on the fluctuation of its own food prices and enhance its ability to rationally utilize the international food market and international agricultural resources to ensure domestic food security.


2021 ◽  
Vol 73 ◽  
pp. 102198
Author(s):  
Shuai Ren ◽  
Huajiao Li ◽  
Yanli Wang ◽  
Chen Guo ◽  
Sida Feng ◽  
...  

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Nan Wang ◽  
Wei Liu ◽  
Shanwu Sun ◽  
Qingjun Wang

The research results show that, all over the world, the increase in complexity of China’s imported products has significantly promoted the growth of total factor productivity and technological progress but has no obvious impact on technological efficiency. In “Belt and Road” samples, the increase in import product complexity did not improve the total factor productivity and technological progress, which had a negative impact on technical efficiency. Whether it is anywhere in the world or in the scope of “Belt and Road” countries, the import product density has a significantly positive impact on total factor productivity but has no significant effect on the promotion of technological progress and efficiency. Therefore, it is necessary to focus on adjusting the import trade structure of “Belt and Road” countries. Relying on the domestic consumer market, the manufacturing imports from countries along the “Belt and Road” route should be expanded so as to stimulate the promotion of domestic industrial total factor productivity.


2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Wei Chen ◽  
Yinzhong Chen ◽  
Yifei Hao ◽  
Sili Chen

This paper brings producer services “bringing in” and “going out” into the same analytical framework and explains the influence mechanism of producer services opening on the development of servitization from three aspects of import trade, FDI, and OFDI. On this basis, using the latest input-output data of WIOD, this paper constructs some indicators to measure the openness of producer services such as import trade penetration, FDI penetration, and OFDI penetration and then empirically tests the impact of producer services openness on the development of servitization in China. The results show that the openness of producer services has a significant positive impact on the development of China’s servitization. In addition, the robustness analysis based on variable substitution and different estimation methods shows that the conclusions are robust. The heterogeneity test shows that the impact of producer services openness on servitization has heterogeneity. The specific performance is as follows: there is different impact of producer service sector openness on the development of servitization; the impact of producer service openness on the development of servitization with different factor intensities is also different; and there is also different impact of producer service sector openness on the development of servitization with different factor intensities. The policy implications of these research conclusions are as follows: firstly, taking co-construction of the “Belt and Road” as a chance to promote the new open pattern; secondly, focusing on expanding the openness of high-end producer services; and thirdly, taking innovation driven development as the guide to increase R&D investment of producer services.


2021 ◽  
Vol 4 (2) ◽  
pp. 29-38
Author(s):  
Andabai P.W. ◽  
Ogaga T.C.

The study investigates the determinants of exchange rate volatility and its implication on the growth of the Nigerian economy; for the period (1995-2020). Secondary data were collected from the Central Bank of Nigeria Statistical Bulletin, 2020. The study employs Gross Domestic Product as proxy for the Nigerian economy and used as the dependent variable; whereas, exchange rate, import trade and export trade were used as explanatory variables to measure exchange rate fluctuation. Time series econometric techniques are used to test the hypotheses. Exchange rate has an insignificant impact on Gross Domestic Product in Nigeria. Import trade has a significant impact on Gross Domestic Product in Nigeria. Export trade has a significant impact on Gross Domestic Product in Nigeria. The error-correction result confirms that about 71% short-run adjustment speed from long-run disequilibrium. The coefficient of determination indicates that about 68% of the variations in the growth of the Nigerian economy can be explain by changes in exchange rate volatility variables. The study concludes that exchange rate fluctuation is positive; but, had a significant impact on the performance of the Nigerian economy. The study recommends that Government should encourage the export promotion strategies in order to maintain a surplus balance of trade and also conducive environment, adequate security, effective fiscal. The policy towards interest rate should be made such that savings would be stimulated thereby placing more funds in the hands of banks to intermediate to investors seeking funds. Government and policy makers should provide infrastructural facilities so that foreign investors will be attracted to invest in Nigeria. Government and policy makers should increase their surveillance on the commercial banks; in order to address the issue of arbitrarily increase of the exchange rate.


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