International Trade in Differentiated Goods, Financial Crisis and the Gravity Equation

2015 ◽  
Vol 1 (15) (2) ◽  
pp. 76-94
Author(s):  
Udo Broll ◽  
Julia Jauer
Keyword(s):  
International Trade ◽  
Financial Crisis ◽  
Gravity Equation ◽  
Differentiated Goods

How the Global Financial Crisis and International Trade Affected Corporate Decisions?

2021 ◽  
pp. 137-157
Author(s):  
Hasan Tekin
Keyword(s):  
International Trade ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Positive Impact ◽  
Institutional Setting ◽  
Financial Decisions ◽  
Corporate Decisions ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Positive Effect

This chapter, first, draws an overview of the theoretical and conceptual framework of corporate decisions in the global financial crisis (GFC) context. Then, it shows the connectedness of corporate finance and international trade. Finally, employing a rich dataset, this chapter assesses the impact of international trade as well as the GFC on corporate financial decisions, particularly cash holdings, debt financing, and dividend payouts over the period 2002-2016. The findings show that international trade significantly affects corporate decisions. Firms with higher trade countries have higher debt level but lower cash and dividends across the globe. During the GFC, the positive impact of trade on debt shifts to negative. Also, trade has a positive effect on both cash and debt in the aftermath of the GFC. Taken together, international trade as an institutional setting influences corporate decisions and its role on cash, debt, and dividend differ during and after the GFC.

scholarly journals Peak of SO2 Emissions Embodied in International Trade: Patterns, Drivers and Implications

2021 ◽  
Vol 13 (23) ◽  
pp. 13351
Author(s):  
Bin Wang ◽  
Dechun Huang ◽  
Chuanhao Fan ◽  
Zhencheng Xing
Keyword(s):  
International Trade ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Developing Economies ◽  
Decomposition Analysis ◽  
Energy Structure ◽  
So2 Emissions ◽  
Trade Patterns ◽  
Developed Economies ◽  
Production And Consumption

International trade links countries consuming goods and services to those where products and related SO2 pollution are produced, thereby affecting national mitigation responsibilities. This study combined accounting and decomposition techniques to investigate the patterns and drivers of SO2 emissions embodied in international trade from 1995 to 2015 and quantified the contribution of each country or region on the production and consumption sides. The global embodied emissions increased at an accelerated rate before the global financial crisis and peaked at 51.3 Mt in 2008, followed by a fluctuating decline from 2008 to 2015. Spatially, the transfers of SO2 emissions tended to flow from developed countries to less developed ones, but the trend has weakened after the financial crisis. Our decomposition analysis suggests that the energy and production system transitions and the slowdown in international trade jointly accounted for the peak and decline in emissions. Our contribution analysis indicates that developing economies have contributed to decreased emissions due to their recent efforts in production technology upgrading, energy efficiency improvement and energy structure optimization. The influence of developed economies on emissions decreased due to their reduced dependency on imports. Targeted policy methods are provided from the production and consumption perspectives for developing and developed economies, respectively.

Book Reviews

2017 ◽  
Vol 55 (2) ◽  
pp. 653-655
Keyword(s):  
International Trade ◽  
Labor Market ◽  
Financial Crisis ◽  
Economic Applications ◽  
Northwestern University ◽  
Exchange Markets ◽  
Recent Financial Crisis

Bryony Reich of Northwestern University reviews “The Oxford Handbook of the Economics of Networks,” edited by Yann Bramoulle, Andrea Galeotti, and Brian Rogers. The Econlit abstract for this book begins: “Thirty papers present current research on economic applications of networks, including the study of exchange markets, the recent financial crisis, international trade, migration, development, and the labor market.”

Sign in / Sign up

Export Citation Format

Share Document