JournalTOCs

Foreign Trade Review
Number of Followers: 4

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 0015-7325 - ISSN (Online) 0971-7625
Published by Sage Publications

[1176 journals]

Some Reflections on Two Significant Contributions of Ron Jones:
Specificity of Factors and Non-traded Goods
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Rajat Acharyya
  Abstract: Foreign Trade Review, Ahead of Print.
  This article pays tribute to Professor Ronald W. Jones by reflecting upon how two significant, yet simple and elegant, analytical structures developed by him have been used by researchers to address a wide set of issues relevant for developed and developing countries alike and hold the potential to analyse some unexplored issues of relevance in the future. One is the specific-factor model, and the other is the composite-traded and non-traded model that came out of his Frank Graham Lecture in 1976. These two important competitive general equilibrium structures provide significant and relevant departures from the Ricardian and Heckscher–Ohlin–Samuelson models, highlighting the role of both factor scarcity and local demand.JEL Codes: F11, F13, F21
  Citation: Foreign Trade Review
  PubDate: 2024-06-09T01:32:03Z
  DOI: 10.1177/00157325241255746
Impact of Trade Liberalisation and MSME Classification on Productivity of
Indian Manufacturing Firms
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Subhadip Mukherjee, Rupa Chanda
  Abstract: Foreign Trade Review, Ahead of Print.
  This article examines the effects of tariff and non-tariff reductions on firm-level productivity of large as well as Micro, Small and Medium Enterprises (MSMEs) in India’s manufacturing sector for the 1999–2009 period. We calculate input and final goods tariffs, effective rates of protection and non-tariff barriers (NTBs) for broad product groups using information from India’s Exim Policy of 1997–2003 and 2004–2009 to examine this impact. We use a balanced as well as unbalanced firm-level panel data set, while accounting for firm, industry, state and time-specific factors. By using fixed effect models and Heckman’s two-step estimation procedure, we find that trade liberalisation is associated with improved firm-level productivity for large firms but not in the case of MSMEs. We posit that this might be due to the relative disadvantages that Indian MSMEs face which prevent them from benefiting from trade liberalisation. We also find that productivity gains arising from the sourcing of imported inputs have been greater than those arising from increased product competition and that NTB liberalisation has had a greater impact compared to tariff liberalisation on firm-level productivity. Changes in MSME legislation and the classification of firms are also found to have a bearing on firm performance. Our study contributes to the literature by confirming the need to focus specifically on constraints faced by MSMEs if they are to benefit from trade liberalisation. It highlights the importance of liberalising trade in intermediates as well as the role of MSME classification in enabling productivity gains.JEL Codes: L6, D24, L1, F13
  Citation: Foreign Trade Review
  PubDate: 2024-05-19T06:20:10Z
  DOI: 10.1177/00157325241239722
The Extent, Excessiveness and Sustainability of Afghanistan’s
Current Account
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Abdul Hadi Sultani, U. Faisal
  Abstract: Foreign Trade Review, Ahead of Print.
  This article empirically investigates the extent, excessiveness and sustainability of Afghanistan’s current account (CA) deficits using quarterly data from 2004-Q2 to 2019-Q4. The framework of this article is the intertemporal approach to the CA using the present value model. First, a descriptive analysis of Afghanistan’s CA is conducted. Next, a bivariate vector auto-regressive (VAR) model is applied to estimate the optimal CA of the economy, which can be compared to the actual one to determine how excessiveness the actual CA is relative to the optimal one. The Augmented Dickey-Fuller and Johnson co-integration tests are applied to examine the necessary and sufficient conditions for the sustainability of the CA. Findings indicate that Afghanistan’s actual CA deficits are excessive and too variant relative to the optimal one; therefore, the deficit is considered problematic. The empirical results further disclose that Afghanistan’s CA is unsustainable. The lack of co-integration between real net output and real private consumption and between exports and imports suggests that the unsustainability is mainly due to the weakness of domestic production in satisfying internal demand and the failure of real export volume to equilibrate the trade balance. Hence, this study recommends increasing the level of domestic output, and reduction in imports supported by improvements in saving rate, infrastructure and export to improve the CA.JEL Codes: F14, F32, F39, C22
  Citation: Foreign Trade Review
  PubDate: 2024-04-29T03:53:35Z
  DOI: 10.1177/00157325241239724
Trade Facilitation and Global Value Chain Participation: Cross-country
Analysis
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Ketan Reddy, Subash Sasidharan
  Abstract: Foreign Trade Review, Ahead of Print.
  In this article, we examine the role of trade facilitation in fostering firm participation in global value chains (GVCs). We use cross-sectional data for 115 economies spanning 2006–2018 sourced from World Bank Enterprise Surveys. We employ four trade indicators which are as follows: customs, regulation quality, loans and digitalization proxying for trade facilitation measures and we correct for reverse causality using the instrumental variable approach. Our empirical findings highlight that customs requirements deter GVC participation of the firm. Further, adhering to government regulations, having access to loans and digital communication adoption fosters supply chain integration of the firm. The present study also finds favourable heterogenous effects of trade facilitation on GVC participation of less productive firms and larger firms. Our findings are robust to alternative methods of endogeneity correction and GVC definitions.JEL Codes: F1, F19, F14
  Citation: Foreign Trade Review
  PubDate: 2024-04-16T05:00:17Z
  DOI: 10.1177/00157325241239720
FDI–Growth Nexus in Emerging Economies: Role of Financial Sector
Development
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Pami Dua, Neha Verma
  Abstract: Foreign Trade Review, Ahead of Print.
  This paper examined the relationship between foreign direct investment (FDI) inflows and the growth rate in emerging and developing economies (EMDEs) and whether the development of the financial sector affects the growth-effect of FDI inflows for these economies. FDI enhances capital accumulation in the economy, and the level of financial sector development (FSD) affects the financial intermediation of funds, thereby enhancing the absorptive capability from investment. Using the dynamic panel threshold model (DPTM) for a balanced panel of 71 countries over the period 2000–2019, the paper finds a U-shaped relationship between the measures of FSD and the growth rate of an economy and does not find evidence for the ‘vanishing effect of finance’ for EMDEs. The growth-enhancing effect of FDI is much stronger for countries with a higher level of FSD. Our estimation techniques control for cross-sectional dependence and endogeneity in the case of a dynamic framework. The robustness results estimated using four-year non-overlapping averages as an observational unit support the findings.JEL Codes: F23, F36, O16
  Citation: Foreign Trade Review
  PubDate: 2024-02-25T08:50:26Z
  DOI: 10.1177/00157325241227326
Is FDI from China Goodfor Labour Productivity in Sub-Saharan Africa' A
Panel Cointegration
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Chimere O. Iheonu, Basil Abia, Princewill Okwoche, Innocent A. Ifelunini
  Abstract: Foreign Trade Review, Ahead of Print.
  China’s political and economic engagement in Africa has increased over the last two decades, resulting in a significant increase in Chinese foreign direct investment (CFDI) into the region. In this study, the link between CFDI and the productivity of labour is investigated in 22 sub-Saharan African countries from 2003 to 2020. The study utilised panel cointegration techniques that are suitable in the absence of cross-sectional dependence and take stationarity and long-run relationships into consideration. The findings from the panel dynamic ordinary least squares (OLS) and the fully modified OLS revealed that CFDI is important for driving labour productivity in the long run. In the short run, however, the study finds no significant influence of CFDI on labour productivity. Further findings reveal that CFDI Granger causes labour productivity. Additionally, the study finds that capital per labour is a necessity for boosting the productivity of labour in the region. The study recommends that African countries strengthen investment promotion agencies that actively facilitate CFDI and also negotiate favourable trade and investment agreements with China that promote technology transfer and skills development.JEL Codes: C23, F21, J24
  Citation: Foreign Trade Review
  PubDate: 2024-01-15T12:25:06Z
  DOI: 10.1177/00157325231214047
Role of Governance Quality in Remittances-poverty Relationship: New
Insights from Transition Economies
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Imtiyaz Ahmad Shah, Ghowhar Ahmad Wani
  Abstract: Foreign Trade Review, Ahead of Print.
  This study examines the moderating role of institutional quality on a remittance-poverty relationship using a panel of 16 transition economies for 2002–2020. The study used pooled mean group/autoregressive distributed lag estimation with unit root and cointegration tests. The poverty is proxied by household consumption expenditure. After establishing cointegration, remittances and institutional quality index were found to positively affect poverty alleviation in the long run. The interactive term showed that remittances and institutional quality complemented the remittance-poverty relationship. In addition, a unidirectional causal relationship existed from remittance to poverty alleviation and institutional quality to poverty. Further, bidirectional causality existed between remittances and institutional quality, which confirms their complementary nature in the remittance-poverty relationship. Lastly, policy prescriptions are provided in the conclusion of the article.JEL Codes: F22, F24, J61
  Citation: Foreign Trade Review
  PubDate: 2024-01-11T01:20:57Z
  DOI: 10.1177/00157325231214045
Removing Trade Barriers Between China and India: A Counterfactual Analysis
on Export Growth and Welfare
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Umar Nisar Kathjoo, Asif Fazili
  Abstract: Foreign Trade Review, Ahead of Print.
  The two Asian giants, China and India, share a long history of political acrimony and simmering border disputes. This often disrupts their bilateral economic relationship along with the overall dynamics of the regional balance of power and the global multi-polarisation order. Under such a scenario, this study aims to measure the impact of a hypothetical removal of all trade barriers between China and India on the overall exports and welfare of 73 sample countries while preserving the geographical trade costs. Employing the structural gravity model under a general equilibrium setting, the counterfactual scenario reveals that India, followed by China, is the main beneficiary of full-scale integration in terms of trade growth and welfare. Indian consumers gain while producers tend to lose through a decrease in prices. Chinese welfare gains are shared among its producers and consumers with light asymmetry. Next, we simulate a unilateral removal of all trade barriers while preserving the effects of geography for exports from China to India. The results reveal that asymmetric trade liberalisation leads to smaller gains for both countries at the expense of certain groups and the aggregate national welfare.JEL Codes: D58, F02, F17, O57
  Citation: Foreign Trade Review
  PubDate: 2024-01-09T10:30:56Z
  DOI: 10.1177/00157325231215548
Is There a Trade-off Between Economic Growth, Foreign Direct Investment,
International Trade and Environmental Degradation' A Comparison Between
Asian Developed and Developing Countries
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Thi Lam Ho, Bao-Chau Xuan Nguyen, Thu Hoai Ho
  Abstract: Foreign Trade Review, Ahead of Print.
  Against the backdrop of impressive economic growth, the attractive foreign direct investment (FDI) and international trade of Asian countries, this study attempts to examine whether trade-offs between three aspects of economic growth, FDI, international trade and environmental degradation. Panel Autoregressive Distributed Lag (P-ARDL) model with pooled mean group estimates has been applied on panel data from 1996 to 2019. Panel Vector Error Correction model (VECM) Granger causality test is also used to identify multidimensional causal relationships between variables. The research results confirm the existence of a long-term equilibrium relationship between environmental degradation (CO2 emission) and the combination of economic growth, FDI and trade openness. In the short run, income positively affects CO2 emission while negative impacts and lower income elasticity have been found in the long run, implying that CO2 emission decreases and reverses its direction when income rises. Contrasting results collected from two groups of developed versus developing countries, the author reveals a linear relationship with a positive direction between economic growth and environmental degradation in developing countries while opposite results have been shown in developed nations, which supports the environmental Kuznets curve hypothesis in Asian countries. This study also provides sound proof for the ‘pollution haven hypothesis’ and the scale effects on FDI attraction and international trade. By applying relatively new estimators in the field of econometrics to compare the differences between Asian developed and developing countries, the research highlights the appropriate policies contributing to sustainable economic growth, attractive FDI and growing green trade with minimum adverse effects on the environment.JEL Codes: C33, F18, F21, F43, O44, Q40, Q51, Q53
  Citation: Foreign Trade Review
  PubDate: 2024-01-09T10:29:35Z
  DOI: 10.1177/00157325231214319
Effect of Trade and Industrialisation on Environmental Sustainability: The
Case of African Countries
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Richardson Kojo Edeme, Imide O. Israel, Ekene ThankGod Emeka, Azotani Christain Ogochukwu
  Abstract: Foreign Trade Review, Ahead of Print.
  This study explores the effect of trade and industrialisation on environmental sustainability in Africa. To achieve the study objective, the pooled mean group estimation strategy was employed on data from 1990 to 2019 for 38 selected African countries. Findings are indicative that trade has a negative and significant effect on ecological footprint in the long run. It is iemplied that trade enhancement has the tendency to enhance environmental sustainability in African countries. In addition, industrialisation has a positive and significant effect on ecological footprint. Implied is that industrialisation dampens environmental sustainability in African countries. Similarly, foreign direct investment inflows into African countries exert a positive but insignificant effect on ecological footprint. The result further depicts that economic growth positively and significantly impacts ecological footprints in African countries. Also, renewable energy consumption has a negative and significant effects on ecological footprint, suggesting that the adoption of renewable energy plays a crucial role in enhancing environmental sustainability in African countries. The short-run result reveals no significant relationship between trade, industrialisation, foreign direct investment and ecological footprints. Population growth has a positive effect on ecological footprint, albeit not a statistically significant effect. Furthermore, the result depicts that renewable energy consumption has a negative and significant effect on ecological footprints in African countries. On the strength of the findings, we recommend the stimulation of domestic trade and the strengthening of industrial policies to ensure environmental sustainability in African countries.JEL Codes: C33, F14, F18, R11
  Citation: Foreign Trade Review
  PubDate: 2024-01-09T10:27:26Z
  DOI: 10.1177/00157325231204471
How Is Institutional Quality Moderating the Effect of Terrorism on
International Tourism, Trade, Foreign Aid Inflow and Economic Growth in
Sub-Saharan Africa'
- Free pre-print version: Loading...
  Rate this result: What is this?
  
  Please help us test our new pre-print finding feature by giving the pre-print link a rating.
  A 5 star rating indicates the linked pre-print has the exact same content as the published article.
  
  Authors: Christian Agu, Jonathan Emenike Ogbuabor, Benjamin Udoka Onah
  Abstract: Foreign Trade Review, Ahead of Print.
  This study examines how international tourism, foreign aid inflow, international trade and economic growth are responding to terrorism in Sub-Saharan Africa (SSA), and how institutions are moderating these interactions. To answer these questions, we examined a panel of 40 SSA countries for the period 2010–2020 based on the system generalised method of moments framework. Our results revealed that: (a) terrorism impacts adversely on tourism, foreign aid inflow, trade and overall economic growth in SSA; and (b) institutional quality has not been effective in mitigating the adverse effects of terrorism on tourism, foreign aid inflow, trade and economic growth in SSA. Policy implications are discussed.JEL Codes: C33; F10; F35; F43; L83; N20
  Citation: Foreign Trade Review
  PubDate: 2024-01-09T10:26:03Z
  DOI: 10.1177/00157325231214042

HOME > Browse the 73 Subjects covered by JournalTOCs
Subject	Total Journals