scholarly journals Determinants of Chinese Exports to the United States: An Empirical Analysis

2021 ◽  
Author(s):  
Özlem Taşseven ◽  
Naci Yılmaz
Keyword(s):  
United States ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
Export Performance ◽  
The United States ◽  
Annual Data ◽  
Long Run ◽  
The Us ◽  
Per Capita ◽  
Testing Approach

The main objective of this study is to investigate the short and the long run relationships between bilateral export performance of China to United States using variables such as the real exchange rate of dollar to yuan, the growth of per capita US GDP, the growth of per capita Chinese GDP. The annual data covers the period between 2001 and 2018. The Johansen testing approach to cointegration is performed in the estimation process. The causalities among the variables in the model are determined based on the estimated models. The empirical results reveal that the variables of interest are cointegrated. Real exchange rate has no significant effect on Chinese exports to the US, whereas the growth of per capita US GDP and the growth of per capita GDP of China have positive and significant effects. Our findings suggest that United States should concentrate on the growth of both two countries rather than focusing on the low level of Chinese domestic currency.

The Impact of Monetary and Fiscal Policies on the Stock Market in the United States (U.S); Evidence from Linear ARDL Framework

2020 ◽  
Vol 11 (1) ◽  
pp. 132-132
Author(s):  
Aref Emamian
Keyword(s):  
United States ◽  
Stock Market ◽  
The United States ◽  
Real Effective Exchange Rate ◽  
Annual Data ◽  
Fiscal Policies ◽  
Long Run ◽  
The Us ◽  
Short Run ◽  
The Impact

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States

Income and Exchange Rate Sensitivities of Cross-Border Freight Flows: Evidence from U.S.-Canada Exports and Imports

2014 ◽  
Author(s):  
Junwook Chi
Keyword(s):  
United States ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
The United States ◽  
Ordinary Least Squares ◽  
Producer Price ◽  
Dynamic Framework ◽  
Cross Border ◽  
Long Run ◽  
Managerial Implications

by Junwook ChiThis paper aims to improve understanding of the long-run impacts of the gross domestic product (GDP), real exchange rate, and the producer price index (PPI) on U.S.-Canada bilateral freight flows in a dynamic framework. Special attention is given to cross-border exports and imports by truck, rail, pipeline, and air. Using the fully modified ordinary least squares (FM-OLS) approach, the paper finds that the GDP of the importing country is a pronounced factor influencing U.S.-Canada cross-border trade, suggesting that economic growth of the country is a powerful driver in the relative intensity of bilateral freight flows. The real exchange rate tends to be positively associated with U.S. imports, but negatively associated with U.S. exports, indicating that the U.S. dollar depreciation against the Canadian dollar increases demand for U.S. commodities in Canada, but weakens demand for Canadian commodities in the United States. The long-run effects of the selected economic variables on cross-border exports and imports are found to vary by mode of transportation. The Canadian GDP has a positive and significant effect on U.S. freight exports by all transportation modes, but U.S. exports by pipeline are more sensitive to a change in Canadian GDP than U.S. exports by truck and rail. The findings in this paper provide important policy and managerial implications for cross-border transportation planning in the United States and Canada.

scholarly journals A spatially detailed blue water footprint of the United States economy

2018 ◽  
Vol 22 (5) ◽  
pp. 3007-3032 ◽  
Author(s):  
Richard R. Rushforth ◽  
Benjamin L. Ruddell
Keyword(s):  
United States ◽  
Water Use ◽  
Water Footprint ◽  
Virtual Water ◽  
The United States ◽  
Energy Information Administration ◽  
Blue Water ◽  
Consumptive Use ◽  
The Us ◽  
Per Capita

Abstract. This paper quantifies and maps a spatially detailed and economically complete blue water footprint for the United States, utilizing the National Water Economy Database version 1.1 (NWED). NWED utilizes multiple mesoscale (county-level) federal data resources from the United States Geological Survey (USGS), the United States Department of Agriculture (USDA), the US Energy Information Administration (EIA), the US Department of Transportation (USDOT), the US Department of Energy (USDOE), and the US Bureau of Labor Statistics (BLS) to quantify water use, economic trade, and commodity flows to construct this water footprint. Results corroborate previous studies in both the magnitude of the US water footprint (F) and in the observed pattern of virtual water flows. Four virtual water accounting scenarios were developed with minimum (Min), median (Med), and maximum (Max) consumptive use scenarios and a withdrawal-based scenario. The median water footprint (FCUMed) of the US is 181 966 Mm3 (FWithdrawal: 400 844 Mm3; FCUMax: 222 144 Mm3; FCUMin: 61 117 Mm3) and the median per capita water footprint (FCUMed′) of the US is 589 m3 per capita (FWithdrawal′: 1298 m3 per capita; FCUMax′: 720 m3 per capita; FCUMin′: 198 m3 per capita). The US hydroeconomic network is centered on cities. Approximately 58 % of US water consumption is for direct and indirect use by cities. Further, the water footprint of agriculture and livestock is 93 % of the total US blue water footprint, and is dominated by irrigated agriculture in the western US. The water footprint of the industrial, domestic, and power economic sectors is centered on population centers, while the water footprint of the mining sector is highly dependent on the location of mineral resources. Owing to uncertainty in consumptive use coefficients alone, the mesoscale blue water footprint uncertainty ranges from 63 to over 99 % depending on location. Harmonized region-specific, economic-sector-specific consumption coefficients are necessary to reduce water footprint uncertainties and to better understand the human economy's water use impact on the hydrosphere.

United States Strategic Interests in Latin America: An Assessment

1997 ◽  
Vol 39 (1) ◽  
pp. 45-57 ◽  
Author(s):  
Albert R. Coll
Keyword(s):  
United States ◽  
Latin America ◽  
The United States ◽  
Second World War ◽  
Economic Prosperity ◽  
World War ◽  
Long Run ◽  
The Us ◽  
Areas Of Concern ◽  
Second World

As of 1997, the United States faces an unprecedented degree of security, stability, and economic prosperity in its relations with Latin America. Never before have US strategic interests in Latin America been as well-protected or have its prospects seemed, at least on the surface, so promising. Yet while the US strategic interests are in better shape — militarily, politically, and economically — this decade than at any time since the end of the Second World War, some problems remain. Over the long run, there is also the risk that old problems, which today seem to have ebbed away, will return. Thus, the positive tone of any contemporary assessment must be tempered with an awareness of remaining areas of concern as well as of possible future crises.

scholarly journals The Determinants of Pakistan’s Trade Balance: An ARDL Cointegration Approach

2010 ◽  
Vol 15 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Waliullah Waliullah ◽  
Mehmood Khan Kakar ◽  
Rehmatullah Kakar ◽  
Wakeel Khan
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Money Supply ◽  
Trade Balance ◽  
Exchange Rate Regime ◽  
Annual Data ◽  
Impulse Response Functions ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Long Run

This article is an attempt to examine the short and long-run relationship between the trade balance, income, money supply, and real exchange rate in the case of Pakistan’s economy. Income and money variables are included in the model in order to examine the monetary and absorption approaches to the balance of payments, while the real exchange rate is used to evaluate the conventional approach of elasticities (Marshall Lerner condition). The bounds testing approach to cointegration and error correction models, developed within an autoregressive distributed lag (ARDL) framework is applied to annual data for the period 1970 to 2005 in order to investigate whether a long-run equilibrium relationship exists between the trade balance and its determinants. Additionally, variance decompositions (VDCs) and impulse response functions (IRFs) are used to draw further inferences. The result of the bounds test indicates that there is a stable long-run relationship between the trade balance and income, money supply, and exchange rate variables. The estimated results show that exchange rate depreciation is positively related to the trade balance in the long and short run, consistent with the Marshall Lerner condition. The results provide strong evidence that money supply and income play a strong role in determining the behavior of the trade balance. The exchange rate regime can help improve the trade balance but will have a weaker influence than growth and monetary policy.

scholarly journals Determinants of Indonesian MSME Exports and Their Performance during the Covid-19 Pandemic

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
M. Noor Salim ◽  
◽  
Darwati Susilastuti ◽  
Pudji Astuty
Keyword(s):  
Exchange Rate ◽  
Export Performance ◽  
Secondary Data ◽  
Bank Lending ◽  
Bank Credit ◽  
Inflation Rates ◽  
The Us ◽  
Export Competitiveness ◽  
Us Dollar ◽  
Per Capita

MSME proved resilient to crises, but its performance did not improve. Indonesian MSMEs when compared to other countries have low export competitiveness. The Covid-19 pandemic has weakened more than 50% of MSMEs. The research objectives are to analyze the simultaneous and partial effect of the rupiah against the US dollar exchange rate, the growth of MSME, investment, and bank credit on the export of MSME products; analyze the influence of MSME exports on GDP growth; and analyze the effect of MSME exports on employment; and to find out the export performance of MSME during the Covid-19 pandemic. Survey research with technical analysis of OLS Multiple Regression data on secondary data for the 2010-2020 quarter. Research results are: 1) Stability of the Rupiah/USD exchange rate, growth in the number of MSMEs, increased investment, and increased bank lending to the MSME sector as well as controlled inflation rates had a very significant impact on increasing exports of MSME products; 2) Exports of MSME products contribute greatly to GDP and have an impact on increasing people's per capita income; 3) The increasing export value of MSME products encourages MSME entrepreneurs to continue to increase their productivity so that this sector can absorb a significant workforce; 4) MSME's performance in the Covid-19 pandemic was shown by the decline in the value of exports and employment, but the number, investment, credit, and contribution to GDP continued to increase until the end of 2020.

Antebellum Puzzle

2015 ◽  
pp. 750-764
Author(s):  
Lee A. Craig
Keyword(s):  
United States ◽  
Economic Growth ◽  
18Th Century ◽  
The United States ◽  
Long Run ◽  
Modern Economic Growth ◽  
Late 18Th Century ◽  
The Us ◽  
Modern Economic ◽  
The 19Th Century

Since the late 18th century the long-run trend in economic growth—conventionally measured by real gross domestic product, income, and wages—has been positive in the United States and throughout Europe. However, in the 19th century, many Western countries, including the United States, experienced stagnation and even cyclical downturns in the biological standard of living—as measured by, for example, the expectation of life and adult stature—thus creating the “antebellum puzzle,” so named because the downturn began in the decades before the US Civil War. This puzzle suggests that industrialization and modern economic growth were accompanied by an increase in inequality and a decrease in the consumption of net nutrients.

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