Pub Date : 2023-09-07DOI: 10.1080/08853908.2023.2253903
V. Nutassey, S. Frimpong, S. Agyei
{"title":"Revisiting the Role of Institutional Structures in the Relationship Between Trade Openness and Poverty Reduction in Sub-Saharan Africa","authors":"V. Nutassey, S. Frimpong, S. Agyei","doi":"10.1080/08853908.2023.2253903","DOIUrl":"https://doi.org/10.1080/08853908.2023.2253903","url":null,"abstract":"","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49056333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1080/08853908.2023.2253319
N. Sethi, Biswanath Behera, D. Dash
{"title":"Is Aid-FDI-Financial Development Dynamics a Vanguard for Economic Growth? Perspective of the Emerging Asian Economies","authors":"N. Sethi, Biswanath Behera, D. Dash","doi":"10.1080/08853908.2023.2253319","DOIUrl":"https://doi.org/10.1080/08853908.2023.2253319","url":null,"abstract":"","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48632845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-23DOI: 10.1080/08853908.2023.2236220
Sabrine Ferjani, Sami Saafi, Ridha Nouira
{"title":"Will Substantial Revaluation of Chinese Currency Be Helpful in Attenuating the United States’ Trade Deficit with China? New Evidence from the Dynamic Threshold Kink Model","authors":"Sabrine Ferjani, Sami Saafi, Ridha Nouira","doi":"10.1080/08853908.2023.2236220","DOIUrl":"https://doi.org/10.1080/08853908.2023.2236220","url":null,"abstract":"","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42195387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-04DOI: 10.1080/08853908.2023.2226883
Ismet Gocer, S. Ongan, H. Karamelikli
ABSTRACT The US-Canada wood product trade is a longstanding dispute due to protectionist high-tariff policies, further exacerbated by COVID-19 restrictions on US production and exports. This study investigates the J-curve effect at the US state level, revealing that only 11 US states support the asymmetric J-curve for wood products, whereas 10 US states support the asymmetric inverse J-curve (shown in Appendix 2 online). Furthermore, high tariffs imposed by the US improved trade balances for only three states, implying that the high-tariff policy did not enhance the US wood-based trade balance with Canada.
{"title":"The US State-Level Wood Product-Based Bilateral Trade Balances with Canada Under the Protectionist US Trade Policy, COVID-19, and Economic Policy Uncertainty","authors":"Ismet Gocer, S. Ongan, H. Karamelikli","doi":"10.1080/08853908.2023.2226883","DOIUrl":"https://doi.org/10.1080/08853908.2023.2226883","url":null,"abstract":"ABSTRACT The US-Canada wood product trade is a longstanding dispute due to protectionist high-tariff policies, further exacerbated by COVID-19 restrictions on US production and exports. This study investigates the J-curve effect at the US state level, revealing that only 11 US states support the asymmetric J-curve for wood products, whereas 10 US states support the asymmetric inverse J-curve (shown in Appendix 2 online). Furthermore, high tariffs imposed by the US improved trade balances for only three states, implying that the high-tariff policy did not enhance the US wood-based trade balance with Canada.","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":"37 1","pages":"544 - 568"},"PeriodicalIF":0.0,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47286406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-29DOI: 10.1080/08853908.2023.2215999
G. Clarke
Dear Readers, Welcome to the fourth issue of The International Trade Journal (ITJ)’s thirty-seventh volume. The articles in this issue focus on international finance and accounting. They look at how the adoption of International Financial Reporting Standards (IFRS) affects trade in accounting services, the relationship between foreign investors and tunneling, commodity trade mispricing in Laos, and the relationship between economic integration and share prices in Nigeria. The first article, by Melissa Shirah, Kristie Briggs, and Sijing Wei, looks at whether adopting IFRS accounting standards affects countries’ exports of accounting services. Using a gravity model of trade, they find that accounting exports between countries are no higher when both countries have adopted IFRS than when one, or both, partners have not adopted these standards. They argue that this suggests that adopting IFRS fails to effectively lower regulatory barriers to trade in accounting services. The second article, by Tanvir Ahmed, Qaisar Ali Malik, Babar Zaheer Butt, and Muhammad Aksar, looks at the relationship between corporate governance, foreign institutional investors, and tunneling activities in Pakistan. The study finds an inverted U-shaped relationship between foreign institutional investors and tunneling, with tunneling first increasing and then decreasing as foreign institutional investors’ trading increases. Improved corporate governance moderates this relationship. The third article, by Rahul Mehrotra, Vanthana Nolintha, and Vanxay Sayavong, looks at trade mispricing in the coffee and copper sectors in Laos. Using micro-level transaction data, the authors find significant underpricing of coffee exports, and overand underpricing of copper concentrate exports, but little evidence of trade mispricing for refined copper. They argue that this is due to trade between related firms, regulatory problems, and weak capacity in the country’s customs agency. The final article, by Ebenezer Adesoji Olubiyi, looks at how economic integration between Nigeria and its five major trade partners (the United States, China, India, the Netherlands, and Spain) affects stock market performance in Nigeria and its trading partners. The author finds that integration
{"title":"From the Editor","authors":"G. Clarke","doi":"10.1080/08853908.2023.2215999","DOIUrl":"https://doi.org/10.1080/08853908.2023.2215999","url":null,"abstract":"Dear Readers, Welcome to the fourth issue of The International Trade Journal (ITJ)’s thirty-seventh volume. The articles in this issue focus on international finance and accounting. They look at how the adoption of International Financial Reporting Standards (IFRS) affects trade in accounting services, the relationship between foreign investors and tunneling, commodity trade mispricing in Laos, and the relationship between economic integration and share prices in Nigeria. The first article, by Melissa Shirah, Kristie Briggs, and Sijing Wei, looks at whether adopting IFRS accounting standards affects countries’ exports of accounting services. Using a gravity model of trade, they find that accounting exports between countries are no higher when both countries have adopted IFRS than when one, or both, partners have not adopted these standards. They argue that this suggests that adopting IFRS fails to effectively lower regulatory barriers to trade in accounting services. The second article, by Tanvir Ahmed, Qaisar Ali Malik, Babar Zaheer Butt, and Muhammad Aksar, looks at the relationship between corporate governance, foreign institutional investors, and tunneling activities in Pakistan. The study finds an inverted U-shaped relationship between foreign institutional investors and tunneling, with tunneling first increasing and then decreasing as foreign institutional investors’ trading increases. Improved corporate governance moderates this relationship. The third article, by Rahul Mehrotra, Vanthana Nolintha, and Vanxay Sayavong, looks at trade mispricing in the coffee and copper sectors in Laos. Using micro-level transaction data, the authors find significant underpricing of coffee exports, and overand underpricing of copper concentrate exports, but little evidence of trade mispricing for refined copper. They argue that this is due to trade between related firms, regulatory problems, and weak capacity in the country’s customs agency. The final article, by Ebenezer Adesoji Olubiyi, looks at how economic integration between Nigeria and its five major trade partners (the United States, China, India, the Netherlands, and Spain) affects stock market performance in Nigeria and its trading partners. The author finds that integration","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":"37 1","pages":"365 - 366"},"PeriodicalIF":0.0,"publicationDate":"2023-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43789762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-27DOI: 10.1080/08853908.2023.2206170
Aras Zirgulis, Tom Hashimoto
ABSTRACT To what extent can academic trade theories be applied to real world trade issues? We analyze how well modern trade theories and ideas from political economy explain the European Union/United States banana trade war that started in 1993. We show that older trade models, like the Heckscher-Ohlin theorem, only explain observed trade patterns with several core assumptions relaxed. In contrast, the New Trade Theory, with the introduction of heterogeneous firms and monopolistic competition, presents a much more convincing explanation for the banana trade. Finally, we analyze the role of political economy in facilitating the rise and fall of economically inefficient banana tariffs over the course of a two-decade trade war.
{"title":"Trade Theory Vs Reality: The Banana Trade War","authors":"Aras Zirgulis, Tom Hashimoto","doi":"10.1080/08853908.2023.2206170","DOIUrl":"https://doi.org/10.1080/08853908.2023.2206170","url":null,"abstract":"ABSTRACT To what extent can academic trade theories be applied to real world trade issues? We analyze how well modern trade theories and ideas from political economy explain the European Union/United States banana trade war that started in 1993. We show that older trade models, like the Heckscher-Ohlin theorem, only explain observed trade patterns with several core assumptions relaxed. In contrast, the New Trade Theory, with the introduction of heterogeneous firms and monopolistic competition, presents a much more convincing explanation for the banana trade. Finally, we analyze the role of political economy in facilitating the rise and fall of economically inefficient banana tariffs over the course of a two-decade trade war.","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":"37 1","pages":"502 - 518"},"PeriodicalIF":0.0,"publicationDate":"2023-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43452781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-24DOI: 10.1080/08853908.2023.2195579
G. Clarke
Dear Readers, Welcome to the third issue of The International Trade Journal (ITJ)’s thirtyseventh volume. The articles in this issue focus on firm behavior related to trade. The articles look at how entry by Chinese firms affected Brazilian firms, how the end of the multi-fiber agreement (MFA) affected Indian garment and textile firms, how market size and competition affect firms’ export diversification, how financial constraints affect firm productivity, and how characteristics of CEOs affect the likelihood that a firm will expand internationally. The first article in this issue, by Mauricio Moreira, Marisol Rodriguez Chatruc, Filipe Lage, and Federico Merchan, looks at how pressure from Chinese imports affected Brazilian firms between 2000 and 2013. The authors focus on this period because it covers the period just before and following China’s entry into the World Trade Organization in December 2001. The authors find that increased Chinese imports modestly increased productivity among Brazilian firms exposed to this competition. In contrast, increased competition with Chinese imports appears to have reduced employment growth and innovation at these same firms. The results for innovation, however, are less robust than the results for productivity. The second article, by Tanveer Ahmad Khan, looks at how the end of the MFA affected Indian garment and textile firms. Using difference-in-difference estimation, the author finds that after the MFA ended, Indian firms increased export revenues, sales, and total assets in sub-sectors where firms had faced binding quotas while the MFA was in place. Using product-level data, the authors also find that prices of Indian quota-constrained products fell by 39% after the quotas were removed. This suggests that the rise in export revenue was due to firms exporting more rather than to higher prices. The third article, by Aya Elewa and Chahir Zaki, looks at how market size and competition affect within-firm export product diversification. Using data from Egyptian firms from between 2005 and 2016, the authors find that firms’ exports tend to be less concentrated in destination countries with larger and less competitive markets. They note that their results are stronger and more robust for larger firms than they are for smaller firms.
亲爱的读者们，欢迎收看《国际贸易杂志》第三期第三十卷。本期文章主要关注与贸易相关的企业行为。这些文章着眼于中国公司的进入如何影响巴西公司，多纤维协议的结束如何影响印度服装和纺织公司，市场规模和竞争如何影响公司的出口多元化，财务约束如何影响公司生产力，以及首席执行官的特征如何影响公司在国际上扩张的可能性。本期的第一篇文章由Mauricio Moreira、Marisol Rodriguez Chatruc、Filipe Lage和Federico Merchan撰写，探讨了2000年至2013年间中国进口的压力如何影响巴西公司。作者关注这一时期，因为它涵盖了2001年12月中国加入世界贸易组织前后的时期。作者发现，中国进口的增加适度地提高了面临这种竞争的巴西公司的生产力。相比之下，与中国进口产品的竞争加剧，似乎降低了这些公司的就业增长和创新。然而，创新的结果不如生产力的结果稳健。Tanveer Ahmad Khan的第二篇文章探讨了MFA的结束对印度服装和纺织公司的影响。利用差异估计中的差异，作者发现，在MFA结束后，印度企业增加了出口收入、销售额和子行业的总资产，而在MFA实施期间，这些子行业的企业面临着具有约束力的配额。利用产品层面的数据，作者还发现，在取消配额后，印度配额限制产品的价格下降了39%。这表明，出口收入的增长是由于企业出口更多，而不是价格上涨。Aya Elewa和Chahir Zaki的第三篇文章着眼于市场规模和竞争如何影响企业内部出口产品的多样化。利用2005年至2016年间埃及企业的数据，作者发现，企业的出口往往不太集中在市场规模更大、竞争力更低的目的地国家。他们指出，与小公司相比，大公司的业绩更强劲。
{"title":"From the Editor","authors":"G. Clarke","doi":"10.1080/08853908.2023.2195579","DOIUrl":"https://doi.org/10.1080/08853908.2023.2195579","url":null,"abstract":"Dear Readers, Welcome to the third issue of The International Trade Journal (ITJ)’s thirtyseventh volume. The articles in this issue focus on firm behavior related to trade. The articles look at how entry by Chinese firms affected Brazilian firms, how the end of the multi-fiber agreement (MFA) affected Indian garment and textile firms, how market size and competition affect firms’ export diversification, how financial constraints affect firm productivity, and how characteristics of CEOs affect the likelihood that a firm will expand internationally. The first article in this issue, by Mauricio Moreira, Marisol Rodriguez Chatruc, Filipe Lage, and Federico Merchan, looks at how pressure from Chinese imports affected Brazilian firms between 2000 and 2013. The authors focus on this period because it covers the period just before and following China’s entry into the World Trade Organization in December 2001. The authors find that increased Chinese imports modestly increased productivity among Brazilian firms exposed to this competition. In contrast, increased competition with Chinese imports appears to have reduced employment growth and innovation at these same firms. The results for innovation, however, are less robust than the results for productivity. The second article, by Tanveer Ahmad Khan, looks at how the end of the MFA affected Indian garment and textile firms. Using difference-in-difference estimation, the author finds that after the MFA ended, Indian firms increased export revenues, sales, and total assets in sub-sectors where firms had faced binding quotas while the MFA was in place. Using product-level data, the authors also find that prices of Indian quota-constrained products fell by 39% after the quotas were removed. This suggests that the rise in export revenue was due to firms exporting more rather than to higher prices. The third article, by Aya Elewa and Chahir Zaki, looks at how market size and competition affect within-firm export product diversification. Using data from Egyptian firms from between 2005 and 2016, the authors find that firms’ exports tend to be less concentrated in destination countries with larger and less competitive markets. They note that their results are stronger and more robust for larger firms than they are for smaller firms.","PeriodicalId":35638,"journal":{"name":"International Trade Journal","volume":"37 1","pages":"263 - 265"},"PeriodicalIF":0.0,"publicationDate":"2023-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45900361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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