(The Impact of Trade Diversity and Trading Partners on Domestic Economic Growth)

2006 ◽  
Author(s):  
Taegi Kim ◽  
Kuseung Park
Keyword(s):  
Economic Growth ◽  
Trading Partners ◽  
The Impact

scholarly journals THE IMPACT ANALYSIS OF ASEAN-JAPAN COMPREHENSIVE ECONOMIC PARTNERSHIP (AJCEP) FOR TRADE FLOW AND ECONOMIC GROWTH’S CONVERGENCE

2018 ◽  
Vol 4 (1) ◽  
pp. 94-111
Author(s):  
Tri Arifin Darsono ◽  
Dedi Budiman Hakim ◽  
Wiwiek Rindayati
Keyword(s):  
Economic Growth ◽  
Gravity Model ◽  
Trade Diversion ◽  
Economic Security ◽  
Development Economic ◽  
Trade Creation ◽  
Steady State Condition ◽  
Trading Partners ◽  
Economic Partnership ◽  
The Impact

       Free Trade Area (FTA) between ASEAN and Japan, which is called ASEAN-Japan Comprehensive Economic Partnership (AJCEP), has been established since 2002 as goods and services flow gateway. AJCEP plays an important role to bring the development, economic security, and economic power. It can also boost the economic growth among member of ASEAN-Japan. The objectives of this research were to analyze the factors that can influence the ASEAN-Japan countries import with non-member, to analyze the occurrence of trade creation and trade diversion in trading sector among ASEAN-Japan countries with non-member, and to analyze the occurrence of economic growth's convergence in ASEAN-Japan Comprehensive Economic Partnership (AJCEP) not only among ASEAN-Japan countries, but also with non-member trading partners. The Gravity Model was used to analyze import factors and observing the occurrence of trade creation or trade diversion. The GMM model was used to observe the convergence of economic growth. The research are used Panel data methods with periods 2000 until 2013 in 13 countries.      The research found that the coefficient values in trade creation and trade diversion dummy were 0.92 and 31.41. The positive value in trade creation and trade diversion indicated the occurrence of trade creation in the import flow among ASEAN-Japan countries and non-member trading partners, as well as finding the convergence of economic growth among ASEAN-Japan countries. The convergence level was of 0.0153417 can be interpreted that the velocity to reach steady state condition was 2.00 percent per year with the assumption of ceteris paribus. The duration to reach convergence condition or half life of convergence was about 34 years. The research found the trade creation from AJCEP agreement and the occurrence of economic growth’s convergence. Based on the result, Indonesian government would likely to make relationships among countries member and non-member to invest in real sector that will boost economic growth in Indonesia. Keywords: ASEAN-Japan Comprehensive Economic Partnership, Growth’s convergence, gravity model, GMM model, trade creation, trade diversion.

scholarly journals Methodological aspects of research of export potential of agricultural enterprises in Ukraine

2020 ◽  
pp. 8-10
Author(s):  
Ivanna MUSHYN ◽  
Ihor TARLOPOV
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Production Capacity ◽  
Industrial Sector ◽  
Industrial Complex ◽  
Important Place ◽  
Economic Relations ◽  
The World ◽  
Trading Partners ◽  
The Impact

Introduction. In the context of globalization and modern economy, all countries are integrated through foreign economic relations and therefore cannot exist separately from others. For the stable economic growth of economic development, the use and realization of export potential is an important factor for developing countries (this group includes Ukraine). The priority for Ukraine is the sphere of agro-industrial complex, which is a strategically important sector and therefore plays a key role in the integration of the state into the world space and, accordingly, occupies an important place in the formation of export potential. The purpose of the paper is to study the term "export potential", as well as its analysis and prospects in Ukraine; analysis of export indicators for previous periods on the example of the agro-industrial sector and providing proposals for methods of capacity analysis. Results. The notion of “export potential” was directly considered as a significant factor influencing Ukraine's integration into the world economy, as well as its direct economic growth. An analysis of Ukraine's exports for 2015-2019 was conducted based on data from the Ministry of Finance of Ukraine in terms of the agricultural market, based on which ways to improve the country's export potential as a component of industry development were identified. Conclusion. The analysis of scientific sources leads to the conclusion that today there is no unambiguous interpretation of the essence of the economic category “export potential of the country, industry”, which determines the relevance of the study. Prospects for further research are to identify concepts for assessing the export potential of the agricultural sector, identify factors influencing its formation and development, including the impact of production capacity of the industry, analysis of trade with major trading partners and identify potential target markets and trade positions of agricultural products.

scholarly journals THE IMPACT ANALYSIS OF ASEAN-JAPAN COMPREHENSIVE ECONOMIC PARTNERSHIP (AJCEP) FOR TRADE FLOW AND ECONOMIC GROWTH’S CONVERGENCE

2018 ◽  
Vol 4 (1) ◽  
pp. 94-111
Author(s):  
Tri Arifin Darsono ◽  
Dedi Budiman Hakim ◽  
Wiwiek Rindayati
Keyword(s):  
Economic Growth ◽  
Gravity Model ◽  
Trade Diversion ◽  
Economic Security ◽  
Development Economic ◽  
Trade Creation ◽  
Steady State Condition ◽  
Trading Partners ◽  
Economic Partnership ◽  
The Impact

       Free Trade Area (FTA) between ASEAN and Japan, which is called ASEAN-Japan Comprehensive Economic Partnership (AJCEP), has been established since 2002 as goods and services flow gateway. AJCEP plays an important role to bring the development, economic security, and economic power. It can also boost the economic growth among member of ASEAN-Japan. The objectives of this research were to analyze the factors that can influence the ASEAN-Japan countries import with non-member, to analyze the occurrence of trade creation and trade diversion in trading sector among ASEAN-Japan countries with non-member, and to analyze the occurrence of economic growth's convergence in ASEAN-Japan Comprehensive Economic Partnership (AJCEP) not only among ASEAN-Japan countries, but also with non-member trading partners. The Gravity Model was used to analyze import factors and observing the occurrence of trade creation or trade diversion. The GMM model was used to observe the convergence of economic growth. The research are used Panel data methods with periods 2000 until 2013 in 13 countries.      The research found that the coefficient values in trade creation and trade diversion dummy were 0.92 and 31.41. The positive value in trade creation and trade diversion indicated the occurrence of trade creation in the import flow among ASEAN-Japan countries and non-member trading partners, as well as finding the convergence of economic growth among ASEAN-Japan countries. The convergence level was of 0.0153417 can be interpreted that the velocity to reach steady state condition was 2.00 percent per year with the assumption of ceteris paribus. The duration to reach convergence condition or half life of convergence was about 34 years. The research found the trade creation from AJCEP agreement and the occurrence of economic growth’s convergence. Based on the result, Indonesian government would likely to make relationships among countries member and non-member to invest in real sector that will boost economic growth in Indonesia. Keywords: ASEAN-Japan Comprehensive Economic Partnership, Growth’s convergence, gravity model, GMM model, trade creation, trade diversion.

scholarly journals The Impact of Trade Deficit in Nepalese Economy

2022 ◽  
Vol 10 (1) ◽  
pp. 73-88
Author(s):  
Ashmita Dahal Chhetri
Keyword(s):  
Economic Growth ◽  
Human Resources ◽  
Foreign Trade ◽  
Competitive Ability ◽  
Trade Deficit ◽  
Legal Framework ◽  
Export Ratio ◽  
Trading Partners ◽  
Policy Incentives ◽  
The Impact

The objective of this paper is to study and analyze the growth and direction of Nepalese foreign trade along with the causes and recommendations of trade deficit. Efforts have been made to sort out the principal sources of the trade deficit in Nepal. Landlockedness, political instability, lack of export diversification, devaluation of domestic currency, lack of resources, etc. are the major causes of the trade deficit in Nepal. Nepal, being not self-reliant on factors of production, consumer goods and capital goods, needs to import goods from abroad. On another hand, Nepal’s exports are heavily concentrated; both in terms of product and destination. Nepal’s major trading partners are India, China, U.A.E, etc. During the year 2019/20, Nepal exports goods worth RS. 97.71 Billion And import goods worth RS. 1196.80 billion Leading to a trade deficit of Rs.1099.09 Billion. Trade deficit is acting as negative catalyst in the economic growth and GDP of a country. Increased deficit has caused suppressed inflation. Import to export ratio is continuously increasing as demand is increasing and these demands could not be met by the domestic producers. During the year 2019/20, the contribution of trade on GDP of Nepal is 40.65%. No doubt, trade is an engine of economic growth. So, after analyzing barriers in the foreign trade, some of the steps to be taken are recommended which includes the development of competitive ability and enhancement of Human Resources, commodity and market diversification, formulation of strong legal framework and trade policy, incentives for the promotion of export and priority in the agricultural and hydropower sectors.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

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