The impact of trade costs on the European Regional Trade Network: An empirical and theoretical analysis

2017 ◽  
Vol 26 (3) ◽  
pp. 578-609 ◽  
Author(s):  
Roberto Basile ◽  
Pasquale Commendatore ◽  
Luca De Benedictis ◽  
Ingrid Kubin
Keyword(s):  
Theoretical Analysis ◽  
Trade Costs ◽  
Regional Trade ◽  
Trade Network ◽  
The Impact ◽  
European Regional

scholarly journals Impact of alternative regional trade arrangements on the Ethiopian economy

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Habtamu Shiferaw Amogne ◽  
Taiji Hagiwara
Keyword(s):  
Transition Period ◽  
Terms Of Trade ◽  
Endowment Effect ◽  
Welfare Loss ◽  
Customs Union ◽  
Regional Trade ◽  
Partnership Agreement ◽  
Saving Effect ◽  
The Impact ◽  
Trade And Investment

AbstractThe Common Market for Eastern and Southern Africa (COMESA) is a Free Trade Area (FTA) regional trade agreement in Africa. Currently, Ethiopia is negotiating to join COMESA FTA. This study assesses the impact of three regional trade arrangements, COMESA FTA, customs unions, and the European Partnership Agreement (EPA) on the economy of Ethiopia. The analysis is based on a static Global Trade Analysis Project (GTAP) model, version 9 database. Unlike previous studies, the customs union scenarios are designed at the detailed Harmonized System (HS) level. COMESA FTA (scenario 1) with standard GTAP model results in a welfare loss for Ethiopia due to negative terms of trade and investment-saving effect, but with unemployment closure (scenario 2); Ethiopia enjoys a welfare gain mainly due to endowment effect. In scenario 3 (COMESA customs union) and scenario 4 (European Partnership Agreement), Ethiopia loses due to negative terms of trade and investment-saving effect. There is a large increase in demand for unskilled labor force in Ethiopia by around US$23 million, US$112 million, and US$43 million for scenario 2, 3, and 4 respectively. Moreover, there is a positive output effect for oilseeds, leather, and basic metals across all scenarios. The world, as a whole, enjoys welfare gains with COMESA FTA (scenario 1 and 2). However, with scenario 3 and 4, there is an overall welfare loss. There is no strong reason for Ethiopia to move to the customs union, and the EPA in the short run. Therefore, a transition period is necessary, but it is recommended for Ethiopia to join COMESA FTA.

scholarly journals Spatiotemporal Evolution and Determinant Factors of the Intra-Regional Trade Community Structures of the Indian Ocean Region

2021 ◽  
Vol 10 (4) ◽  
pp. 214
Author(s):  
Lihua Yuan ◽  
Xiaoqiang Chen ◽  
Changqing Song ◽  
Danping Cao ◽  
Hong Yi
Keyword(s):  
Indian Ocean ◽  
Explanatory Power ◽  
Community Structures ◽  
Indian Ocean Region ◽  
Spatiotemporal Evolution ◽  
Regional Trade ◽  
Determinant Factors ◽  
Ocean Region ◽  
The Indian Ocean ◽  
The Impact

The Indian Ocean Region (IOR) has become one of the main economic forces globally, and countries within the IOR have attempted to promote their intra-regional trade. This study investigates the spatiotemporal evolution of the community structures of the intra-regional trade and the impact of determinant factors on the formation of trade community structures of the IOR from 1996 to 2017 using the methods of social network analysis. Trade communities are groups of countries with measurably denser intra-trade ties but with extra-trade ties that are measurably sparser among different communities. The results show that the extent of trade integration and the trade community structures of the IOR changed from strengthening between 1996 and 2014 to weakening between 2015 and 2017. The largest explanatory power of the formation of the IOR trade community structures was the IOR countries’ economic size, indicating that market remained the strongest driver. The second-largest explanatory power was geographical proximity, suggesting that countries within the IOR engaged in intra-regional trade still tended to select geographically proximate trading partners. The third- and the fourth-largest were common civilization and regional organizational memberships, respectively. This indicates that sharing a common civilization and constructing intra-regional institutional arrangements (especially open trade policies) helped the countries within the IOR strengthen their trade communities.

scholarly journals Aztec and Tlaxcalan Economic Interaction: Blockade or Interregional Exchange?

2021 ◽  
pp. 1-18
Author(s):  
Bianca L. Gentil ◽  
A. Gabriel Vicencio Castellanos ◽  
Kenneth G. Hirth
Keyword(s):  
Regional Distribution ◽  
Distribution Networks ◽  
Postclassic Period ◽  
Regional Trade ◽  
Trade Patterns ◽  
Lithic Tools ◽  
Economic Interaction ◽  
Late Postclassic ◽  
Large Center ◽  
The Impact

This study investigates the impact of the Aztec Triple Alliance on trade and economic activity in the region of Puebla-Tlaxcala during the Late Postclassic period (AD 1200–1519). Ethnohistorical sources describe the Aztec Triple Alliance as constantly at war with settlements in the Tlaxcala region. To weaken their Tlaxcalteca rivals, the Aztecs imposed a trade blockade to reduce the flow of resources into Puebla-Tlaxcala. This article uses archaeological evidence to evaluate the effectiveness of this blockade. It compares the types of obsidian used to manufacture lithic tools from Aztec-controlled sources with those used within Puebla-Tlaxcala. Information from the large center of Tepeticpac and the small obsidian workshop site of Cinco Santos II, both in the Tlaxcala domain, are compared to other sites in Central Mexico prior to and during the height of Aztec influence. The results show little difference in regional trade patterns: obsidian from Sierra de las Navajas and Otumba was used in proportions in the Tlaxcala region in the Late Postclassic similar to those used during earlier periods. If an embargo was attempted, it was largely unsuccessful in isolating Tlaxcala from broader regional distribution networks.

scholarly journals The Impact of Assimilating Satellite Radiance Observations in the Copernicus European Regional Reanalysis (CERRA)

2021 ◽  
Vol 13 (3) ◽  
pp. 426
Author(s):  
Zheng Qi Wang ◽  
Roger Randriamampianina
Keyword(s):  
Weather Prediction ◽  
Deterministic System ◽  
Observation Error ◽  
Key Factors ◽  
Background Error ◽  
Current Configuration ◽  
Error Covariance ◽  
Regional Reanalysis ◽  
The Impact ◽  
European Regional

The assimilation of microwave and infrared (IR) radiance satellite observations within numerical weather prediction (NWP) models have been an important component in the effort of improving the accuracy of analysis and forecast. Such capabilities were implemented during the development of the high-resolution Copernicus European Regional Reanalysis (CERRA), funded by the Copernicus Climate Change Services (C3S). The CERRA system couples the deterministic system with the ensemble data assimilation to provide periodic updates of the background error covariance matrix. Several key factors for the assimilation of radiances were investigated, including appropriate use of variational bias correction (VARBC), surface-sensitive AMSU-A observations and observation error correlation. Twenty-one-day impact studies during the summer and winter seasons were conducted. Generally, the assimilation of radiances has a small impact on the analysis, while greater impacts are observed on short-range (12 and 24-h) forecasts with an error reduction of 1–2% for the mid and high troposphere. Although, the current configuration provided less accurate forecasts from 09 and 18 UTC analysis times. With the increased thinning distances and the rejection of IASI observation over land, the errors in the analyses and 3 h forecasts on geopotential height were reduced up to 2%.

Psychological, Pedagogical and Drganizational Peculiarities of the Development of Students’ Volitional Qualities as a Factor of Success in Learning

2021 ◽  
Author(s):  
Nadiia Vientseva ◽  
◽  
Oleva Karapetrova
Keyword(s):  
Higher Education ◽  
Theoretical Analysis ◽  
Empirical Study ◽  
University Students ◽  
Education Institution ◽  
Educational Material ◽  
Academic Achievements ◽  
The Impact ◽  
The Relationship ◽  
Development Of Students

The article reports the results of the empirical study of the impact of volitional qualities development on the level of academic achievements of higher education institution students. The article gives a theoretical analysis of the main types of volitional qualities that affect the assimilation of educational material by students. There was established the level of their development and the relationship with academic achievements. The article also identifies the main psycho-pedagogical and organizational peculiarities that affect the success of mastering the knowledge by university students. The psychological and pedagogical recommendations for forming, developing and supporting the volitional sphere of students are developed.

scholarly journals South Asian Free Trade Area and Indo-Pakistan Trade

2004 ◽  
Vol 43 (4II) ◽  
pp. 943-958
Author(s):  
Indra Nath Mukherji
Keyword(s):  
Free Trade ◽  
South Asian ◽  
Free Trade Area ◽  
Trade Liberalisation ◽  
Trade Restrictions ◽  
Regional Trade ◽  
Common External Tariff ◽  
Trade Area ◽  
Preferential Trading ◽  
The Impact

Preferential trading is one of the mildest forms of an integrative arrangement. Under the arrangement, the Contracting States (CS) offer a preferential margin with respect to trade barriers in relation to their MFN rates. CS having disparate levels of development as well as trade regimes, find this an acceptable instrument for initiating regional trade liberalisation. Such an arrangement nevertheless provides the building blocks towards accelerated regional trade liberalisation culminating in a free trade area within a defined time frame. Under a free trade area the CS eliminate all trade restrictions on their mutual trade, while maintaining restrictions in their trade with non-CS at a level they deem appropriate. When all CS decide on a common external tariff, then the arrangement translates itself in a more cohesive customs union. The arrangement translates to a common market when all CS agree not only to allow free movement of goods and services, but all the factors of production including capital and labour. Finally, the most comprehensive form of an integrative arrangement results from an economic union, which integrates national economic policies of CS and leads to the adoption of a common currency. The Agreement on South Asian Preferential Trading Arrangement (SAPTA), which became operational since December 7th, 1995 thus, symbolises the beginnings of the very first stage of an integrative arrangement among the member countries of SAARC. The decision made at the Twelfth SAARC Summit at Islamabad in January 2004 to launch South Asian Free Trade Agreement (SAFTA) from January 2006 would mark the second stage of the process of integration in the region. The main focus of this paper is to assess the impact of SAPTA on Indo-Pak trade.

scholarly journals Influence of COVID-19 on creative industries

2021 ◽  
Vol 21 (1) ◽  
pp. 48-54
Author(s):  
Yulia O. Glushkova ◽  
◽  
Anastasia V. Vasina ◽  
Keyword(s):  
Theoretical Analysis ◽  
Economic Activity ◽  
Information Technologies ◽  
Structural Changes ◽  
Business Processes ◽  
Creative Industries ◽  
Creative Economy ◽  
Social Efficiency ◽  
Coronavirus Infection ◽  
The Impact

Introduction. This study analyzes the impact of the new COVID-19 coronavirus infection on the creative industries in the Russian Federation, as well as finding solutions to support this area in the context of the pandemic. Theoretical analysis. Since the latest imperatives of the current world processes dictate the need for structural changes in the state economic activity, the actual principle of the economic activity organization can be called the creative industries concept development, which include industries related to the creation of a certain cultural or creative product, IT-sphere, fashion and design, advertising and marketing products, as well as folk art and craft. Due to the relevance of the creative industries development, modern research on the theory of creative economy development pays great attention to the study of the specifics of this activity and ways to improve it. The article provides a theoretical analysis of the crisis in the creative industries, as well as a detailed analysis of the opportunities and threats of the crisis. Empirical analysis. Based on the analysis of the activities of companies in the creative industries, the authors of the article identify opportunities for the development of companies in the creative sphere in terms of economic and social efficiency. New trends in the transformation of business processes in various fields (theatre, film industry, music, exhibition and Museum activities) are considered. Results. Based on the analysis, it is concluded that the urgent tasks in the situation of forced quarantine measures are the timely transformation of creative industries with the use of information technologies, the transition to online areas of interaction with consumers, as well as state support for creative industries most affected by the crisis.

scholarly journals FDI determinants in Europe and Chinese influence

2021 ◽  
Vol 16 (1) ◽  
pp. 21-37
Author(s):  
Alena Dorakh
Keyword(s):  
Trade Costs ◽  
The European Union ◽  
Western Balkans ◽  
Eu Member States ◽  
Eu Membership ◽  
Vertical Fdi ◽  
Belt And Road ◽  
The Cost ◽  
The Impact ◽  
The Eu

Despite recent concerns about the increasing influence of outside investors on the European Union (EU) and Western Balkans, the developed European countries are still a dominant source of foreign direct investment (FDI) in the region, confirming the benefits of EU membership. At the same time, fast-growing connectivity and lower trade costs in accession and neighboring countries determine the FDI growth from China, particularly via the Belt and Road Initiative (BRI). By applying panel data over 2000-2019 for 34 countries, which form 89% of all European FDI, we first examine FDI patterns around Europe, compare the EU, NMS, and Western Balkans; verify the importance of EU membership for FDI, caused reducing trade costs and improving connectivity. Thus, the new EU member states (NMS) and Western Balkans appear both as a home country and as a pre- entry destination to the EU. Then, we calculate trade costs indices for each selected country and partners over time and find that Europe and China are closely interconnected through trade and FDI. It means that stronger ties with China can be realized for the sample countries at the cost of easing relations with the EU. Finally, incorporating trade costs indices into the FDI model; we evaluate the impact of connectivity on FDI and estimate how BRI affected FDI in Europe. Additionally, we validate that the old framework of horizontal and vertical FDI not representative well and even new complex vertical or export-oriented FDI strategies are shifting today.

scholarly journals Economic Implications of Deeper South Asian–Southeast Asian Integration: A CGE Approach

2015 ◽  
Vol 14 (3) ◽  
pp. 63-81 ◽  
Author(s):  
Ganeshan Wignaraja ◽  
Peter Morgan ◽  
Michael G. Plummer ◽  
Fan Zhai
Keyword(s):  
Southeast Asia ◽  
South Asia ◽  
South Asian ◽  
Computable General Equilibrium ◽  
Regional Cooperation ◽  
Computable General Equilibrium Model ◽  
Trade Costs ◽  
Regional Trade ◽  
Economic Implications ◽  
Asian Integration

Using a computable general equilibrium model, this paper estimates the potential gains from deepening integration across South Asia and Southeast Asia. If the two regions succeed in dropping inter-regional tariffs, reducing non-tariff barriers by 50 percent, and decreasing inter-regional trade costs by 15 percent—which the paper suggests are ambitious but nevertheless attainable—welfare in South Asia and Southeast Asia would rise by 8.9 percent and 6.4 percent of GDP, respectively, by 2030. Hence, we conclude that deepening South Asian regional cooperation together with building links to Southeast Asia would pay off rich dividends.

Sign in / Sign up

Export Citation Format

Share Document