Subjects -> BUSINESS AND ECONOMICS (Total: 3510 journals)
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    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

INTERNATIONAL COMMERCE (145 journals)                     

Showing 1 - 136 of 136 Journals sorted by number of followers
Journal of Monetary Economics     Hybrid Journal   (Followers: 100)
Information Technologies & International Development     Open Access   (Followers: 86)
International Economic Review     Hybrid Journal   (Followers: 64)
International Labour Review     Partially Free   (Followers: 61)
IMF Economic Review     Hybrid Journal   (Followers: 48)
Journal of International Business Studies     Hybrid Journal   (Followers: 47)
Review of International Political Economy     Hybrid Journal   (Followers: 42)
Journal of International Economics     Hybrid Journal   (Followers: 41)
Journal of International Money and Finance     Hybrid Journal   (Followers: 40)
Journal of International Development     Hybrid Journal   (Followers: 36)
International Review of Social History     Full-text available via subscription   (Followers: 33)
International Review of Economics & Finance     Hybrid Journal   (Followers: 30)
International Review of Law and Economics     Hybrid Journal   (Followers: 28)
International Finance     Hybrid Journal   (Followers: 27)
Journal of International Marketing     Full-text available via subscription   (Followers: 27)
Journal of International Financial Markets, Institutions and Money     Hybrid Journal   (Followers: 22)
Journal of International Trade Law and Policy     Hybrid Journal   (Followers: 22)
Human Resource Development International     Hybrid Journal   (Followers: 21)
Human Resource Management International Digest     Hybrid Journal   (Followers: 21)
PharmacoEconomics     Full-text available via subscription   (Followers: 21)
Quarterly Journal of Political Science     Full-text available via subscription   (Followers: 21)
Career Development International     Hybrid Journal   (Followers: 19)
Journal of World Trade     Full-text available via subscription   (Followers: 19)
International Journal of Applied Behavioral Economics     Full-text available via subscription   (Followers: 19)
European Business Law Review     Full-text available via subscription   (Followers: 18)
African Journal of Economic and Sustainable Development     Hybrid Journal   (Followers: 18)
International Labor and Working-Class History     Full-text available via subscription   (Followers: 16)
Studies in Comparative International Development     Hybrid Journal   (Followers: 16)
Journal of Contemporary European Research     Open Access   (Followers: 16)
International Environmental Agreements: Politics, Law and Economics     Hybrid Journal   (Followers: 15)
International Marketing Review     Hybrid Journal   (Followers: 15)
Review of International Economics     Hybrid Journal   (Followers: 14)
Journal of International Trade & Economic Development: An International and Comparative Review     Hybrid Journal   (Followers: 13)
Advances in Accounting     Hybrid Journal   (Followers: 13)
International Review of Financial Analysis     Hybrid Journal   (Followers: 11)
International Small Business Journal     Hybrid Journal   (Followers: 11)
Journal of International Entrepreneurship     Hybrid Journal   (Followers: 11)
European Company Law     Full-text available via subscription   (Followers: 11)
Emerging Markets Finance and Trade     Hybrid Journal   (Followers: 10)
International Business Review     Hybrid Journal   (Followers: 10)
World Trade and Arbitration Materials     Full-text available via subscription   (Followers: 10)
Journal of the Association for Consumer Research     Full-text available via subscription   (Followers: 10)
International Economic Journal     Hybrid Journal   (Followers: 9)
International Review of Finance     Hybrid Journal   (Followers: 9)
Journal of International Consumer Marketing     Hybrid Journal   (Followers: 9)
World Competition     Full-text available via subscription   (Followers: 9)
Information Resources Management Journal     Full-text available via subscription   (Followers: 9)
Antitrust Bulletin     Hybrid Journal   (Followers: 9)
International Public Management Journal     Hybrid Journal   (Followers: 8)
International Studies of Management and Organization     Full-text available via subscription   (Followers: 8)
Journal for International Business and Entrepreneurship Development     Hybrid Journal   (Followers: 8)
International Entrepreneurship and Management Journal     Hybrid Journal   (Followers: 8)
Competition and Regulation in Network Industries     Full-text available via subscription   (Followers: 8)
International Economics and Economic Policy     Hybrid Journal   (Followers: 7)
Management International Review     Hybrid Journal   (Followers: 7)
TDM Transnational Dispute Management Journal     Full-text available via subscription   (Followers: 7)
International Advances in Economic Research     Hybrid Journal   (Followers: 6)
International Review of Applied Economics     Hybrid Journal   (Followers: 6)
South African Journal of International Affairs     Hybrid Journal   (Followers: 6)
EC Tax Review     Full-text available via subscription   (Followers: 6)
Global Trade and Customs Journal     Full-text available via subscription   (Followers: 6)
Journal of International Accounting, Auditing and Taxation     Hybrid Journal   (Followers: 5)
Journal of International Management     Hybrid Journal   (Followers: 5)
International Insolvency Review     Hybrid Journal   (Followers: 4)
International Review of Economics     Hybrid Journal   (Followers: 4)
Journal of International Financial Management & Accounting     Hybrid Journal   (Followers: 4)
Journal of the Japanese and International Economies     Hybrid Journal   (Followers: 4)
International Review of Retail, Distribution and Consumer Research     Hybrid Journal   (Followers: 4)
IN VIVO     Full-text available via subscription   (Followers: 4)
Intertax     Full-text available via subscription   (Followers: 4)
Journal of Chinese Human Resource Management     Hybrid Journal   (Followers: 4)
Foreign Trade Review     Hybrid Journal   (Followers: 4)
Syracuse Journal of International Law and Commerce     Open Access   (Followers: 4)
World Food Policy     Hybrid Journal   (Followers: 4)
Asia and the Global Economy     Open Access   (Followers: 4)
European Journal of International Management     Hybrid Journal   (Followers: 3)
International Transactions In Operational Research     Hybrid Journal   (Followers: 3)
Journal of Revenue and Pricing Management     Hybrid Journal   (Followers: 3)
International Trade Journal : Western Hemispheric Studies     Hybrid Journal   (Followers: 3)
Monthly Statistics of International Trade - Statistiques mensuelles du commerce international     Full-text available via subscription   (Followers: 3)
Revue Internationale du Travail     Full-text available via subscription   (Followers: 3)
International Review on Public and Nonprofit Marketing     Hybrid Journal   (Followers: 3)
Management international / International Management / Gestiòn Internacional     Full-text available via subscription   (Followers: 3)
Journal of Chinese Economic and Foreign Trade Studies     Hybrid Journal   (Followers: 3)
International Economics     Hybrid Journal   (Followers: 3)
Digital Finance : Smart Data Analytics, Investment Innovation, and Financial Technology     Hybrid Journal   (Followers: 3)
World Oil Trade     Hybrid Journal   (Followers: 3)
International Commerce Review     Hybrid Journal   (Followers: 2)
Journal of International Food & Agribusiness Marketing     Hybrid Journal   (Followers: 2)
Economics Research International     Open Access   (Followers: 2)
Qualitative Research in Financial Markets     Hybrid Journal   (Followers: 2)
Asian Journal of Shipping and Logistics     Open Access   (Followers: 2)
China Business Review     Full-text available via subscription   (Followers: 2)
International Journal of Export Marketing     Hybrid Journal   (Followers: 2)
Global & Strategis     Open Access   (Followers: 2)
China Economic Quarterly International     Open Access   (Followers: 2)
Critical Perspectives on International Business     Hybrid Journal   (Followers: 1)
Japanese Political Economy     Full-text available via subscription   (Followers: 1)
Revue internationale P.M.E. : économie et gestion de la petite et moyenne entreprise     Full-text available via subscription   (Followers: 1)
Amnis     Open Access   (Followers: 1)
L'Année du Maghreb     Open Access   (Followers: 1)
International Journal of Asian Business and Information Management     Full-text available via subscription   (Followers: 1)
Journal of Antitrust Enforcement     Hybrid Journal   (Followers: 1)
Botswana Journal of Economics     Open Access   (Followers: 1)
Estudos Internacionais : revista de relações internacionais da PUC Minas     Open Access   (Followers: 1)
Journal of Economics and International Finance     Open Access   (Followers: 1)
Economic Journal of Emerging Markets     Open Access   (Followers: 1)
Research World     Hybrid Journal   (Followers: 1)
Journal of Korea Trade     Full-text available via subscription   (Followers: 1)
Acta Economica Et Turistica     Open Access   (Followers: 1)
Global Summitry     Hybrid Journal   (Followers: 1)
Transnational Corporations Review     Hybrid Journal   (Followers: 1)
MEED Middle East Economic Digest     Full-text available via subscription   (Followers: 1)
Regional Formation and Development Studies     Open Access  
Journal of Reviews on Global Economics     Open Access  
Journal of International Business Policy     Hybrid Journal  
East Asian Community Review     Hybrid Journal  
Ekonomia Międzynarodowa     Open Access  
Jurnal Ilmu Ekonomi Terapan     Open Access  
Jurnal Hubungan Internasional     Open Access  
Journal of Advanced Research in Economics and International Business     Full-text available via subscription  
Proceedings of the International Conference on Business Excellence     Open Access  
Journal of Accounting and Finance in Emerging Economies     Open Access  
International Journal of Governance and Financial Intermediation     Hybrid Journal  
South American Development Society Journal     Open Access  
Revista Multiface Online     Open Access  
Revue internationale de l'économie sociale     Full-text available via subscription  
Expert Journal of Business and Management     Open Access  
Crossroads     Hybrid Journal  
Relações Internacionais (R:I)     Open Access  
Revista Brasileira de Gestão de Negócios     Open Access  
Journal of Theoretical and Applied Electronic Commerce Research     Open Access  
International Journal of Commerce and Management     Hybrid Journal  
EMAJ : Emerging Markets Journal     Open Access  
Journal of International Commerce, Economics and Policy     Hybrid Journal  
Journal of Comparative International Management     Full-text available via subscription  

           

Similar Journals
Journal Cover
Foreign Trade Review
Number of Followers: 4  
 
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 0015-7325 - ISSN (Online) 0971-7625
Published by Sage Publications Homepage  [1176 journals]
  • FDI–Growth Nexus in Emerging Economies: Role of Financial Sector
           Development

    • Free pre-print version: Loading...

      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

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      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

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      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

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      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

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      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

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      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'

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      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
       
  • Foreign Direct Investment and Technology Spillovers: An Analysis of Indian
           Manufacturing

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      Authors: Chandrakanti Behera
      Abstract: Foreign Trade Review, Ahead of Print.
      Using a rich firm-level panel dataset of Indian manufacturing over 2010–2018, this study aims to identify the spillover effects associated with foreign direct investment (FDI). To this end, we distinguish spillover effects into horizontal (Intra-industry linkage) and vertical (backward or downstream and forward or upstream Inter-industry linkages) FDI channels. We employ various semi-parametric methods to tackle the endogeneity issues in productivity estimation. We find that backward spillover from the downstream multinational enterprises is the only source of total factor productivity gains. However, the magnitude of negative forward–vertical linkage is larger than the positive backward–vertical effect. The analysis also broadly compares technology spillovers for domestic and all firms in the sector. Finally, we investigate productivity spillover across industries based on their technology intensity. Our findings suggest that industry heterogeneity is a key driver of FDI spillover.JEL Codes: F23, D24, O33, L1
      Citation: Foreign Trade Review
      PubDate: 2023-12-09T03:45:04Z
      DOI: 10.1177/00157325231190509
       
  • Decision-making in Choosing an Effective Celebrity Endorsement Strategy
           Using Fuzzy Forgotten Effects: A Cross-cultural Study

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      Authors: Karan Patel, Francicso-Javier Arroyo-Cañada, Jaime Gil-Lafuente
      Abstract: Foreign Trade Review, Ahead of Print.
      The main purpose of this study is to develop models that illustrate the impact of celebrity endorsement on consumer purchase intention, taking into consideration the important dimension of culture: individualism (Spain) versus collectivism (India). The study utilises the analytical model of the fuzzy forgotten effects theory to build a model for decision-making in choosing an effective parameter that affects consumer purchase intentions with respect to celebrity endorsement across two distinct cultures. These models provide insights into the impact of celebrity endorsement over time and across different stages of the consumer decision-making process. The contributions of this research will help marketers to select appropriate celebrity parameters for celebrity endorsements across varied cultures, which would be fruitful for the brand in the long term. This research will also draft a framework for branding managers that can be adopted by companies to increase profitability. This paper applies the theory of forgotten effects with the analysis of cause and effect in the field of marketing. The main contribution of this article is that it allows the second-generation effects to be considered during the decision-making process, which could go unnoticed by decision-makers at first, thereby reducing the risks associated with decision-making.JEL Codes: M31, C02
      Citation: Foreign Trade Review
      PubDate: 2023-12-04T09:57:40Z
      DOI: 10.1177/00157325231214046
       
  • Does Trade Openness and Human Capital abate Unemployment' Empirical
           Evidence from India

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      Authors: Aadil Amin, Asif Tariq, Masroor Ahmad
      Abstract: Foreign Trade Review, Ahead of Print.
      This study comprehensively investigates the impact of trade openness and human capital on India’s unemployment rate using time-series data from 1990 to 2019. The ARDL bound testing approach was used to determine the long and short-run relationship among the variables. The empirical findings indicate that trade openness and human capital have a negative impact on the unemployment rate in both the long and short run, suggesting that trade openness and human capital have reduced the unemployment rate in India. These results have significant implications for policymakers in crafting policies that promote continuous trade openness and help reduce unemployment in India. To succeed, trade liberalisation must be integrated into a reasonable set of structural and macroeconomic policies, supplemented by complementary policies such as maintaining an adequate inflation rate and macroeconomic stability and nurturing human capital. The study recommends that India should prioritise improving and enhancing efficient schooling and training programs, with a particular focus on career skills for young people. Policymakers can use the study’s findings to guide policy decisions to reduce unemployment and promote trade openness.JEL Codes: E24, F14, F63, C32
      Citation: Foreign Trade Review
      PubDate: 2023-12-04T09:56:43Z
      DOI: 10.1177/00157325231195667
       
  • Asymmetric Exchange Rate Pass-through in India: A Non-linear ARDL Approach

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      Authors: Ganapati Mendali, Sanjukta Das
      Abstract: Foreign Trade Review, Ahead of Print.
      This study makes an attempt to examine the exchange rate pass-through (ERPT) to domestic prices in India from 1993M4 to 2021M3. In the empirical literature, the relationship between the exchange rate and the price was found to be linear. However, in emerging economies recently the asymmetric relationship between these variables is noticed: the effect of appreciation on price is found to be negligible while the effect of depreciation is found to be significant. To study this behaviour, we have used non-linear autoregressive distributed lag (NARDL) model by employing five variables (viz., exchange rate, consumer price, output gap, money supply and oil prices). The structural break techniques are used to examine the differential effects of the pass-through. It found that exchange rate shocks do not lead to significant changes in consumer prices in the long run. In terms of policy, this means that the ERPT has insignificant consequences for monetary policy, and depreciation might pose a little threat to price stability. It is also established that oil price shocks are not one of the major determinants of inflation in the country and they do not pose serious challenges to price stability. Economic growth and monetary expansion also do not seem to pose any risks to price stability in the long run.JEL Classification: E31, E37, E52, F31
      Citation: Foreign Trade Review
      PubDate: 2023-11-09T03:40:17Z
      DOI: 10.1177/00157325231190474
       
  • The Necessity of New Versions of Bilateral Trade Balances and COVID-19:
           The Nonlinear ARDL Approach for the USA and Japan

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      Authors: Ismet Gocer, Serdar Ongan, Huseyin Karamelikl, Charles A. Rarick
      Abstract: Foreign Trade Review, Ahead of Print.
      This study aims to reveal the need to reformulate new forms of Bilateral Trade Balances (BTBs) for a country rather than a traditional BTB. This is because the traditional BTB ratio, based on total exports and defined as the total exports/total imports ratio, cannot classify and quantify a BTB based on its economic impact content. It fails to classify because countries also export goods already imported (denotes re-export) besides exporting their domestic goods produced within the country (denotes domestic export). It also fails to quantify because, while domestic goods undergo a value-added process within a country, re-exported goods do not. In this context, for the first time, this study attempts to reformulate/reinvestigate new forms of BTBs as production-related BTB, based on domestic export and non-production-related BTB, based on re-export for the USA with Japan. Empirical findings confirm the necessity and cruciality of the proposed methodology in this study.JEL Codes: F10, F14
      Citation: Foreign Trade Review
      PubDate: 2023-11-06T03:19:18Z
      DOI: 10.1177/00157325231192180
       
  • The Impact of the Russo-Ukrainian War on the Bilateral Trade in the
           Region: Evidence from a Panel Gravity Model

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      Authors: Özge Korkmaz, Semih Karacan
      Abstract: Foreign Trade Review, Ahead of Print.
      This study aims to investigate the regional impact of the sanctions imposed by the West on the Russian Federation. To this end, we used two samples to estimate the determinants of bilateral trade. The first dataset belongs to ex-Soviet countries between 1992 and 2019, and the second dataset expands it with bilateral trade data relating to China, Iran and Turkey. The results reveal that there are structural differences between the two samples regarding the determinants of the bilateral trade flows and sanctions that have spillover effects in the region. We also projected our findings to the recent events.JEL Codes: C33, F13, F14
      Citation: Foreign Trade Review
      PubDate: 2023-10-22T11:32:49Z
      DOI: 10.1177/00157325231191891
       
  • Determinants of Foreign Direct Investment: A Systematic Review of the
           Empirical Studies

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      Authors: Mohammad Shaiful Islam, Ahmed Beloucif
      Abstract: Foreign Trade Review, Ahead of Print.
      A growing body of literature is concerned with the factors that determine the inflows of foreign direct investment (FDI) into a host country. However, hardly any literature has been carried out to provide a systematic literature review (SLR) of the FDI determinants. An SLR methodology underlies this conceptual paper to evaluate and categorise a literature survey of 112 empirical studies published from 2000 to 2018. The result indicates that the size of the host market is the most robust determinant, followed by trade openness, infrastructure quality, labour cost, macroeconomic stability, human capital, and the growth prospect of the host country. Market size is highly significant in virtually all studies. This partly reflects the fact that most of the world’s FDI are market-seeking. This study provides a clear understanding of the scope of the research in the field of FDI determinants as the practical implication for future research.JEL Code: F14
      Citation: Foreign Trade Review
      PubDate: 2023-09-21T10:29:28Z
      DOI: 10.1177/00157325231158846
       
  • Impact of SADC Free Trade Area on Southern Africa’s Intra-Trade
           Performance: Implications for the African Continental Free Trade Area

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      Authors: Busani Moyo
      Abstract: Foreign Trade Review, Ahead of Print.
      The main raison d’être of the Southern African Development Community (SADC) Free Trade Area (FTA) implemented in 2012 was to inter alia boost intra-regional trade and promote regional trade integration. The low levels of growth and mixed trade performance of countries, eight years after, raises questions about the success of the FTA. The success of the recently launched African Continental Free Trade Area (AfCFTA) partly hinges on the performance of the regional FTAs like the SADC FTA. This is because it is unlikely that the African Union through the AfCFTA will achieve continentally what regional economic communities failed to achieve at the regional level. We use a gravity model as well as the difference in difference estimator to evaluate, ex-post, the impact of the SADC FTA on total and sectoral intra-exports. Using data from 2001 to 2019, results show that the full implementation of the SADC FTA did not significantly affect export performance with the export difference between countries that joined the FTA and those that did not being insignificant. These results do not change even when using sectoral exports.JEL Codes: F1, F13, F14, F15
      Citation: Foreign Trade Review
      PubDate: 2023-09-03T04:04:37Z
      DOI: 10.1177/00157325231184669
       
  • How Can Tariff Elimination and Trade Facilitation Affect East African
           Economies'

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      Authors: Pousseni Bakouan, Mahamadou Diarra, Idrissa M. Ouedraogo
      Abstract: Foreign Trade Review, Ahead of Print.
      The article assesses the potential economic implications of tariff elimination and trade facilitation (TF) in the context of the African Continental Free Trade Area (AfCFTA) agreement for East Africa. Using the most recent GTAP database and computable general equilibrium model, the article provides additional evidence on the socio-economic benefits of the ongoing trade integration process. The results show that the elimination of tariffs would improve economic dynamism in most sectors of activity and household consumption. However, the elimination of tariffs alone would not be sufficient to achieve a significant level of trade integration. From a policy perspective, although a gradual implementation of tariff elimination is more beneficial for the zone, the results highlight the relevance of combining tariff elimination with complementary TF reforms. These reforms amplify the socio-economic gain from the AfCFTA.JEL Codes: F13, F14, F15, E23, C68
      Citation: Foreign Trade Review
      PubDate: 2023-08-15T04:57:20Z
      DOI: 10.1177/00157325231165643
       
  • The Potential Impact of Tariff Liberalisation on India’s Automobile
           Industry Global Value Chain Trade: Evidence From an Economy-Wide Model

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      Authors: Badri Narayanan G., Rahul Sen, Sadhana Srivastava
      Abstract: Foreign Trade Review, Ahead of Print.
      The impact of tariff barriers affecting participation in global value chain (GVC) trade has received attention in recent literature. However, the empirical evidence in the context of mega-regional trade agreements, such as the Regional Comprehensive Economic Partnership (RCEP), from which India opted out recently, remains non-existent. Our study contributes to the empirical literature by undertaking an economy-wide modelling exercise, augmenting it to the automobile sector trade in GVC goods in the Indian context. We conduct two policy simulations with an aim to analyse how India’s auto-industry and auto-parts trade, involving forward and backward linkages in GVCs, have been affected by its decision to opt out of RCEP compared to a hypothetical scenario of not doing so. Our results suggest that a potential RCEP membership would have created net trade in both the finished automobile and intermediate auto-parts sectors, although imports would exceed exports. Further, we infer that both backward linkages and forward linkages in this industry will be adversely affected by opting out of RCEP, as there is export diversion in the auto-parts sectors globally, with India facing terms of trade losses due to higher import prices. This informs policymakers that developing domestic resilience and improving productivity are critical for India to improve its long-run export competitiveness while contemplating future trade agreements, including those with RCEP members.JEL Codes: F15, F61, O53
      Citation: Foreign Trade Review
      PubDate: 2023-07-20T02:32:16Z
      DOI: 10.1177/00157325231161931
       
  • Dynamics of Price Transmission: Evidence from India’s Import Basket

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      Authors: Sonam Choudhry, Abhinav Narayanan, Anshul
      Abstract: Foreign Trade Review, Ahead of Print.
      This article uses granular information on trade flows between India and its trading-partners to estimate the impact of price changes on the import basket in general. We first investigate whether a change in world prices at the commodity level triggers a reorganisation of trading partners. Second, we examine the degree of transmission of world prices to Indian import prices. Lastly, we look at whether India imports less from countries that charge a higher markup on a product. Our results indicate that a change in world prices does not significantly change the set of importing countries. Using the country–product level price changes, we find a higher degree of transmission as compared to the world prices. This provides an important policy implication. In order to determine how the transmission of world prices to import prices works, we need to pay attention to the product price changes in the partner countries rather than focusing on the world prices. Lastly, we find that India imports less of a particular product on average from a country that charges a higher markup for that product relative to the average export prices charged by that country.JEL Codes: F14, F60, F02, Q27
      Citation: Foreign Trade Review
      PubDate: 2023-07-07T07:19:38Z
      DOI: 10.1177/00157325231158848
       
  • Impact of Trade Liberalisation on Wage Inequality and Skill Formation: A
           Theoretical Analysis

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      Authors: Priya Brata Dutta, Niladri Saha
      Abstract: Foreign Trade Review, Ahead of Print.
      We consider a small open economy with three sector and four factors. Agricultural sector produces output with unskilled labour and land. Manufacturing sector and skill formation sector produce output with skilled labour and capital. Skill formation sector transforms the unskilled labour into skilled labour. We also consider an extended version of this model where agricultural sector also uses capital. So capital is mobile between all three sectors. Both change in the price of manufacturing sector and capital stock alter skill formation in a similar direction. But change in the price of manufacturing sector leads to change in skilled–unskilled wage inequality in the same direction whereas due to change in capital stock it changes in opposite direction. In our extended study, where capital is mobile between all three sectors, the results of the basic model are unaltered.JEL Codes: F13, J31
      Citation: Foreign Trade Review
      PubDate: 2023-06-21T06:51:37Z
      DOI: 10.1177/00157325231166243
       
  • The Effects of Global Value Chain on Export Survival

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      Authors: Ngoc Thang Doan, Thanh Ha Le
      Abstract: Foreign Trade Review, Ahead of Print.
      This article uses panel data with 6,743 country-year observations to investigate the effects of participation in the global value chain (GVC) on export survival rate for the period 2005–2014. GVC participation is measured as the value addition embedded in exports, looking both backward and forward from a reference country. The empirical results show that both backward and forward linkages have positive effects on the chance of export survival; these effects are persistent and increasing over time, and they become more pronounced when taking the endogeneity issue into account. On the policy front, the preceding findings suggest that governments should implement policies to upgrade a country to GVC integration in order to enhance the sustainability of exports.JEL Codes: F10, F14, C41
      Citation: Foreign Trade Review
      PubDate: 2023-06-19T06:30:44Z
      DOI: 10.1177/00157325231166237
       
  • Understanding Pandemic Crisis in a Dependent Economy: A Structuralist
           Analysis

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      Authors: Moumita Basu, Rilina Basu, Ranjanendra Narayan Nag
      Abstract: Foreign Trade Review, Ahead of Print.
      The pandemic crisis and associated lockdown have led to diminution in demand on one hand and different types of supply side bottlenecks on the other. The article makes a theoretical attempt to assess macroeconomic dimensions of COVID-19 along with consequences of such crisis using a two-sector dependent economy model. In particular, the article investigates the implications of unanticipated adverse shock such as COVID-19 and wage cut for the dynamic interaction of Tobin’s q, price of non-traded goods and the exchange rate and sectoral composition of output and level of employment. The effects of expansionary fiscal policy and increase in risk premium are also highlighted as the part of concluding remarks. The results in this article critically depend on the difference in the speeds of adjustments in the Tobin’s q, exchange rate and price of non-traded goods and different types of cross effects emanating from changes in interconnected macroeconomic variables. While the pandemic crisis leads to contraction of all the sectors and decrease in level of employment in the short-run with uncertain medium-run implications, the wage cut somewhat arrests the fall in employment.JEL Codes: E24, F41, G12
      Citation: Foreign Trade Review
      PubDate: 2023-06-14T06:47:08Z
      DOI: 10.1177/00157325231166763
       
  • Does the Participation Degree in Global Value Chains Influence Carbon
           

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      Authors: Muhammad Uzair Ali, Ying Wang
      Abstract: Foreign Trade Review, Ahead of Print.
      Studying the impact of global value chains’ (GVCs) participation degrees on carbon emission transfer through international trade (CTIT) in Belt and Road Initiative (BRI) economies is of great significance because these economies are significant participants of GVCs and international trade. The current study, through the inter-regional Input-Output table, calculated the GVCs’ participation degrees (forward and backward participation) and CTIT (carbon emission transfer through export (ETET) and emission transfer through import [ETIT] trade) of 27 BRI economies from 2005 to 2018 and investigated the impact of the GVCs on CTIT. Several test results illustrated that endogenous issues did not affect the robustness of study discussions. The study articulates appropriate environmental governance policies that could realise emissions reduction goals. Significant results are (a) participation degree in GVCs increases the CTIT in BRI; (b) energy intensity, energy structure, final demand and secondary industry escalate CTIT; (c) the optimisations of participation degree in GVCs, energy intensity development, industrial structure optimisation and increased awareness of emission lessening among the BRI community could compensate for the growth in CTIT from the constant deepening of GVCs. This study delivers a comprehensive insight into understanding the driving forces that cause the changes in CTIT from the GVCs’ perspective.JEL Codes: F02, F18, Q56
      Citation: Foreign Trade Review
      PubDate: 2023-06-11T10:23:58Z
      DOI: 10.1177/00157325231166456
       
  • Globalisation, COVID-19 and Income Distribution: A Theoretical Evaluation

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      Authors: Asmita Das, Damayanti Sau, Ranjanendra Narayan Nag
      Abstract: Foreign Trade Review, Ahead of Print.
      The article makes a theoretical attempt to explain how different interconnected measures of globalisation—service led growth, tariff reform, agricultural trade liberalisation and capital account liberalisation—affect the skilled–unskilled wage disparity, sector-wise performance, income distribution and aggregate welfare of the economy. We pay attention to land augmenting technological progress as an essential ingredient of inclusive growth and discuss effects of COVID-19 as a supply shock. In so-doing, we construct a three-sector general equilibrium framework with an export-oriented service sector, a tariff-protected import competing manufacturing sector and an export-oriented traded agricultural sector. We find that service-led growth and tariff liberalisation shifts the income distribution in favour of the landed gentry and skilled labour. Agricultural trade liberalisation and capital account liberalisation also debilitate the income distribution. Land augmenting technological progress adversely impacts the manufacturing sector but benefits the other sectors. Following the outbreak of the pandemic, a fall in labour endowment and rise in transaction costs were observed. A decrease in the endowment of skilled labour reduces the production in service sector and increases the production of the manufactured commodity. The results are reversed when the endowment of unskilled labour decreases. An increase in transaction produces unfair outcome from the perspective of income distribution. In this context it becomes imperative to mention that, the construction of the three-sector general equilibrium framework is not new, and that the effects of the COVID-19 pandemic cannot be reduced to just a supply shock. COVID-19 has elements of both supply shock and demand shock, but in this article, we address supply side dimensions of COVID shock in conjunction with the effects of lockdown. In addition, we also demonstrate the robustness of our results to an alternate assumption on the structure of the model.JEL Codes: D50, F66, J31
      Citation: Foreign Trade Review
      PubDate: 2023-06-11T10:22:28Z
      DOI: 10.1177/00157325231158840
       
  • Estimating the Effects of Financial Liberalisation on Governability and
           Social Stability

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      Authors: Carlos Chavez
      Abstract: Foreign Trade Review, Ahead of Print.
      This paper studies the effects of financial liberalisation on governability. The dependent variables measure governability in terms of control of corruption, government effectiveness, political stability, rule of law, regulatory quality and free speech for 125 countries from 1996 to 2019. As a variable measuring financial liberalisation, I use the Chinn-Ito index and Fernandez index as capital control measure. I use fixed-effects panel data, quantile regression, system GMM and event study to estimate these effects. The results I find show that the financial liberalisation has strong effects on those governability variables, especially low-income countries tend to have a higher sensitivity to changes in capital controls on governability and social stability, as well as countries in the 0.4–0.6 quantiles of the governability. Finally, I find that these effects take at least one year to become persistent over time. These findings imply that, in times of political turbulence and instability, governments may pursue liberalising policies that increase the dynamism of the economy to alleviate the climate of ungovernability.JEL Codes: F38, D72, P16
      Citation: Foreign Trade Review
      PubDate: 2023-06-11T10:21:08Z
      DOI: 10.1177/00157325231173209
       
  • The Link Between Aid-for-Trade and Contingent Protection

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      Authors: Neha Bhardwaj Upadhayay
      Abstract: Foreign Trade Review, Ahead of Print.
      Foreign aid, in theory, is expected to mitigate constraints that impede the economic development of recipient countries. At the same time that help is committed, donors are seemingly taking actions that are harmful to developing economies in obvious ways. An example is the tacit circumvention of the putative rules-based global trading system through contingent protection activities. In this article, it is postulated that, on one hand aid-for-trade (AfT) is expected to have positive impact on the exports of aid recipients by better integration into the global trading order, on the other hand, aid provider (donor) curtails access to its own markets by actuating contingent protection against the recipient (exporter). Using contingent protection cases data from 2003 to 2018 (a 15-year period) against 106 recipient countries of the United States of America’s AfT, this study finds a significant and positive impact of AfT on the surge in contingent protection activities. This effect is entirely driven by the aid for economic infrastructure and services, while the other main category of AfT-production sector, has no discernible effect on the rise in protection against the recipient. To examine the heterogeneity in donor decisions, this study is expanded to other traditional donors like Australia, Canada, the European Union (EU) and New Zealand. This article finds that Australia behaves similar to the USA; however, for Canada and the EU, the relationship between aid and market access is not statistically significant.JEL Codes: F1, F35, O19
      Citation: Foreign Trade Review
      PubDate: 2023-05-11T11:14:49Z
      DOI: 10.1177/00157325231159240
       
  • Impact of Exchange Rate on Trade Balance of India: Evidence from Threshold
           Cointegration with Asymmetric Error Correction Approach

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      Authors: Lingaraj Mallick, Smruti Ranjan Behera, Mita Bhattacharya
      Abstract: Foreign Trade Review, Ahead of Print.
      In this research, we investigate the dynamic relationship between the trade balance and exchange rate in the case of India using threshold cointegration and an asymmetric error-correction model. Empirical results validate that the long-run dynamic relationship between the trade balance and exchange rates is asymmetric. In the short run, the trade balance responds only due to positive deviations in the exchange rate. In contrast, in the exchange rate model, the exchange rate reacts only due to negative deviations in the trade balance. In addition, the results exhibit that the adjustment following variation in the exchange rate seems higher than the adjustment in the trade balance in the short run. Besides, the results indicate that the speed of adjustment due to the positive and negative shocks differs in the trade balance and the exchange rate models. Further, the uni- directional Granger causality result suggests that the trade balance substantially affects the exchange rate. However, the Granger causality effect of the exchange rate on the trade balance seems minimal. Finally, our results validate the impact of momentum equilibrium adjustment path asymmetric effects between the trade balance and exchange rate, indicating that the adjustment path is asymmetric in the long run. Therefore, policy planners in India should consider the asymmetric adjustment between these two drivers to overcome trade balance discrepancies in the short and long run.JEL Codes: F40, F41, C22, C32, C12
      Citation: Foreign Trade Review
      PubDate: 2023-04-15T01:05:14Z
      DOI: 10.1177/00157325231158855
       
  • Intensive and Extensive Margins of Export Diversification as Strategies
           for Sustainable Economic Growth: Evidence from the Nigerian Economy

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      Authors: Ademola Obafemi Young
      Abstract: Foreign Trade Review, Ahead of Print.
      Two opposite strands of literature analysing export diversification’s role in promoting sustainable growth have evolved in international economics and development, namely, the intensive and extensive margins of exports. This study empirically investigates which of the margin is more useful towards promoting sustainable growth using annual time series data of Nigeria for the period 1960–2021. Autoregressive distributed lag (ARDL) and innovative accounting procedure were employed. The ARDL results reveal that both margins significantly enhance growth in short and long run. However, importance of the extensive margin, in aggregate, dominates that of the intensive margin. Likewise, the results from innovative accounting procedures reveal that although both margins contribute positively to growth, the contribution to growth of extensive margin dominates over that of the intensive margin. These results, thus, lend credence to the extensive-margin exposition, which postulates that the export of extant commodities to new market destinations or export of new commodities to new and/or old market destinations plays a relatively more important role in export growth/diversification and, ultimately, sustainable growth. The study recommends that governments should develop and implement economic policies aimed at enhancing exports of value-added commodities—due to their relatively high income and price elasticities over primary commodities—to maximise the benefits in the extensive margin.JEL Codes: F10, F14, O10, O12, O50, O55
      Citation: Foreign Trade Review
      PubDate: 2023-04-04T04:34:11Z
      DOI: 10.1177/00157325221145397
       
  • Globalisation and Inclusive Growth in Africa: The Role of Institutional
           Quality

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      Authors: Terver Theophilus Kumeka, Isiaka Akande Raifu, Oluwatosin Adeniyi
      Abstract: Foreign Trade Review, Ahead of Print.
      This study examines the relationship between globalisation and inclusive growth by considering the modulating role of institutional quality. To achieve our broad objective, we use data from 45 African economies over 1996–2018 to determine the panel cointegration and cointegrating regression association between inclusive growth, globalisation and institutional quality. To determine a suitable estimation technique for the empirical analysis, several pre-estimation tests were conducted. After confirming the existence of cointegration and slope heterogeneity, we adapted the long-run panel cointegrating methods—the fully modified ordinary least squares and dynamic ordinary least squares estimations. The results from both show that aggregate globalisation and its various dimensions have positive and significant effects on inclusive growth. Besides the direct positive impact on inclusive growth, globalisation has indirect positive and significant impact on inclusive growth through institutional quality. Finally, some policy implications are highlighted.JEL Codes: E02, F62, F63, O15, O43
      Citation: Foreign Trade Review
      PubDate: 2023-04-04T04:32:31Z
      DOI: 10.1177/00157325221142652
       
  • Comparative Performance of Trade Openness and Sovereign Debt Accumulation
           in Fostering Economic Growth of Sub-Saharan African Countries

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      Authors: Samson Edo
      Abstract: Foreign Trade Review, Ahead of Print.
      In the last four decades, sub-Saharan African countries have witnessed a substantial increase in trade openness and sovereign debt (foreign public debt and domestic public debt). The direct and interactive effects of these factors on economic growth are investigated in this study. The investigation covers the period 1980–2020 and employs the generalised method of moment methodology. The estimation results reveal that the direct effect of trade openness and domestic public debt is significantly favourable. The direct effect of foreign public debt is, however, found to be unfavourable. The results also reveal that the interactive effect of trade openness and domestic public debt is significantly favourable, whereas the interactive effect of trade openness and foreign public debt is fairly favourable. The estimation results thus imply that trade openness and sovereign debt are complementary drivers of economic growth in sub-Saharan African countries. In spite of the favourable role of trade openness and sovereign debt, economic growth has yet to achieve the desired level, which does not augur well for employment and welfare. The prospects of growth could be enhanced by strengthening the impact of trade openness and sovereign debt. However, policy makers should be aware of the direct negative impact of foreign public debt on economic growth, and the need to put measures in place to manage it.JEL Codes: F23, H63, F43, O55
      Citation: Foreign Trade Review
      PubDate: 2023-04-01T12:51:22Z
      DOI: 10.1177/00157325221145452
       
  • Inflation Adjustment, Endogenous Risk Premium and Exchange Rate: A
           Theoretical Analysis

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      Authors: Moumita Basu, Rilina Basu, Ranjanendra Narayan Nag
      Abstract: Foreign Trade Review, Ahead of Print.
      This article develops a full employment monetary framework that deals with the interaction between exchange rate and inflation rate dynamics, emphasising the existence of risk premium. The economy consists of internal and foreign bonds. These are close substitutes since there exists a risk premium that depends on inflation rate, budget deficit and net exports. According to the monetary policy rule, both inflation rate and exchange rate negatively influence money supply. Overtime, changes in inflation rate are proportional to the excess supply in the money market. The dynamic adjustment of exchange rate arises due to discrepancy between home interest rate and world rate of interest and risk premium. Based on this framework, we investigate the implications of increase in exports, technological innovation and policy mix for the interaction between exchange rate and inflation rate.JEL Codes: E31, E63, F32, F41
      Citation: Foreign Trade Review
      PubDate: 2023-02-24T12:04:30Z
      DOI: 10.1177/00157325221145398
       
  • Future Prospects of the Gravity Model of Trade: A Bibliometric Review
           (1993–2021)

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      Authors: Suhas Jadhav, Ishita Ghosh
      Abstract: Foreign Trade Review, Ahead of Print.
      The gravity model of trade (GMoT) has become popular among practitioners and academics lately, essentially because of its power to provide a comprehensive explanation of real-world trade data. Complementing this are Viner’s concepts of trade creation (TC) and trade diversion (TD), which have been crucial in the development of a conceptual framework for evaluating the trade implications of a trade agreement. This article attempts to conduct a bibliometric analysis for estimating TC and TD using the GoMT. It has been observed that the TC and TD estimations following the use of the GoMT are few. Additionally, TC and TD estimations for free trade agreements (FTA) have been conducted, but not so much for regional trade agreements (RTA). As a result, a broad range of research can be conducted, especially given the recent dynamic environment for new RTAs. A bibliometric analysis was undertaken to evaluate the current level of research on GMoT. The search was conducted through Scopus where 648 documents were retrieved and examined. The article indicates key findings and discusses future research prospects.JEL: F10, F13, F14
      Citation: Foreign Trade Review
      PubDate: 2023-02-01T12:18:21Z
      DOI: 10.1177/00157325221140154
       
  • Trade–Finance Nexus: The Centrality of the Quality of Institutions in
           Sub-Saharan African Leading Economies

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      Authors: Fisayo Fagbemi, Adeyemi Fajingbesi, Geraldine Ejiaka Nzeribe
      Abstract: Foreign Trade Review, Ahead of Print.
      The study examines the interaction effect of trade and institutional quality on financial sector development in 20 leading economies in sub-Saharan Africa selected based on 2018 GDP per capita ranking (top 20 richest economies by GDP per capita released by the IMF) over the period 2005–2020. Using system-generalised method of moments estimation, the results indicate that the effect of the interaction term of trade and regulatory quality on financial development is positive and significant. Further findings show unidirectional causality running from the interaction term to financial development, implying that the likelihood of trade enhancing financial development depends on the soundness of the regulatory framework. It is confirmed that the magnitude and direction of the effect of trade on financial development are sensitive to the quality of institutions. Therefore, the poor quality of regulations on business activities and financial services could undermine the salutary impact of trade on financial development. It is suggested that creating a conducive regulatory environment to improve the level of financial development is crucial for mitigating the potential impact of the weak institutional quality risks. This remains a significant prerequisite for having a competitive business environment, thereby stimulating the role of trade in the process of financial development.
      Citation: Foreign Trade Review
      PubDate: 2023-01-27T05:30:45Z
      DOI: 10.1177/00157325221137173
       
  • Distributional Effects of Trade Liberalisation on Wages in India

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      Authors: Nidhi Dhamija
      Abstract: Foreign Trade Review, Ahead of Print.
      There is a high level of policy interest on the effect of trade liberalisation on inequality, especially in developing countries, because of their large vulnerable populations. India also initiated the process of liberalisation as a response to the severe balance of payments crisis of 1991. However, both rural and urban inequality has been increasing since the period 1993–1994, with urban inequality increasing at a higher rate. This study empirically examines the impact of trade openness on wage inequality using panel data for Indian states (separately for rural and urban areas). The results of this study indicate that trade openness does not lead to decrease in the wage inequality in the states and their rural areas. However, urban wage inequality is found to be increasing due to trade openness. These results are analysed and explained by various factors present in the Indian economy such as, skill biased technological changes; trade in intermediate goods; barriers to domestic labour mobility; and pattern and composition of India’s exports. An interesting aspect emerging is that higher education levels lead to increase in wage inequality as returns to education and inequality are increasing and the increase is also attributed to liberalisation.JEL Codes: F16, O18, C23
      Citation: Foreign Trade Review
      PubDate: 2023-01-05T10:22:23Z
      DOI: 10.1177/00157325221126588
       
 
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Journal of Monetary Economics     Hybrid Journal   (Followers: 100)
Information Technologies & International Development     Open Access   (Followers: 86)
International Economic Review     Hybrid Journal   (Followers: 64)
International Labour Review     Partially Free   (Followers: 61)
IMF Economic Review     Hybrid Journal   (Followers: 48)
Journal of International Business Studies     Hybrid Journal   (Followers: 47)
Review of International Political Economy     Hybrid Journal   (Followers: 42)
Journal of International Economics     Hybrid Journal   (Followers: 41)
Journal of International Money and Finance     Hybrid Journal   (Followers: 40)
Journal of International Development     Hybrid Journal   (Followers: 36)
International Review of Social History     Full-text available via subscription   (Followers: 33)
International Review of Economics & Finance     Hybrid Journal   (Followers: 30)
International Review of Law and Economics     Hybrid Journal   (Followers: 28)
International Finance     Hybrid Journal   (Followers: 27)
Journal of International Marketing     Full-text available via subscription   (Followers: 27)
Journal of International Financial Markets, Institutions and Money     Hybrid Journal   (Followers: 22)
Journal of International Trade Law and Policy     Hybrid Journal   (Followers: 22)
Human Resource Development International     Hybrid Journal   (Followers: 21)
Human Resource Management International Digest     Hybrid Journal   (Followers: 21)
PharmacoEconomics     Full-text available via subscription   (Followers: 21)
Quarterly Journal of Political Science     Full-text available via subscription   (Followers: 21)
Career Development International     Hybrid Journal   (Followers: 19)
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International Journal of Applied Behavioral Economics     Full-text available via subscription   (Followers: 19)
European Business Law Review     Full-text available via subscription   (Followers: 18)
African Journal of Economic and Sustainable Development     Hybrid Journal   (Followers: 18)
International Labor and Working-Class History     Full-text available via subscription   (Followers: 16)
Studies in Comparative International Development     Hybrid Journal   (Followers: 16)
Journal of Contemporary European Research     Open Access   (Followers: 16)
International Environmental Agreements: Politics, Law and Economics     Hybrid Journal   (Followers: 15)
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Review of International Economics     Hybrid Journal   (Followers: 14)
Journal of International Trade & Economic Development: An International and Comparative Review     Hybrid Journal   (Followers: 13)
Advances in Accounting     Hybrid Journal   (Followers: 13)
International Review of Financial Analysis     Hybrid Journal   (Followers: 11)
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Journal of the Association for Consumer Research     Full-text available via subscription   (Followers: 10)
International Economic Journal     Hybrid Journal   (Followers: 9)
International Review of Finance     Hybrid Journal   (Followers: 9)
Journal of International Consumer Marketing     Hybrid Journal   (Followers: 9)
World Competition     Full-text available via subscription   (Followers: 9)
Information Resources Management Journal     Full-text available via subscription   (Followers: 9)
Antitrust Bulletin     Hybrid Journal   (Followers: 9)
International Public Management Journal     Hybrid Journal   (Followers: 8)
International Studies of Management and Organization     Full-text available via subscription   (Followers: 8)
Journal for International Business and Entrepreneurship Development     Hybrid Journal   (Followers: 8)
International Entrepreneurship and Management Journal     Hybrid Journal   (Followers: 8)
Competition and Regulation in Network Industries     Full-text available via subscription   (Followers: 8)
International Economics and Economic Policy     Hybrid Journal   (Followers: 7)
Management International Review     Hybrid Journal   (Followers: 7)
TDM Transnational Dispute Management Journal     Full-text available via subscription   (Followers: 7)
International Advances in Economic Research     Hybrid Journal   (Followers: 6)
International Review of Applied Economics     Hybrid Journal   (Followers: 6)
South African Journal of International Affairs     Hybrid Journal   (Followers: 6)
EC Tax Review     Full-text available via subscription   (Followers: 6)
Global Trade and Customs Journal     Full-text available via subscription   (Followers: 6)
Journal of International Accounting, Auditing and Taxation     Hybrid Journal   (Followers: 5)
Journal of International Management     Hybrid Journal   (Followers: 5)
International Insolvency Review     Hybrid Journal   (Followers: 4)
International Review of Economics     Hybrid Journal   (Followers: 4)
Journal of International Financial Management & Accounting     Hybrid Journal   (Followers: 4)
Journal of the Japanese and International Economies     Hybrid Journal   (Followers: 4)
International Review of Retail, Distribution and Consumer Research     Hybrid Journal   (Followers: 4)
IN VIVO     Full-text available via subscription   (Followers: 4)
Intertax     Full-text available via subscription   (Followers: 4)
Journal of Chinese Human Resource Management     Hybrid Journal   (Followers: 4)
Foreign Trade Review     Hybrid Journal   (Followers: 4)
Syracuse Journal of International Law and Commerce     Open Access   (Followers: 4)
World Food Policy     Hybrid Journal   (Followers: 4)
Asia and the Global Economy     Open Access   (Followers: 4)
European Journal of International Management     Hybrid Journal   (Followers: 3)
International Transactions In Operational Research     Hybrid Journal   (Followers: 3)
Journal of Revenue and Pricing Management     Hybrid Journal   (Followers: 3)
International Trade Journal : Western Hemispheric Studies     Hybrid Journal   (Followers: 3)
Monthly Statistics of International Trade - Statistiques mensuelles du commerce international     Full-text available via subscription   (Followers: 3)
Revue Internationale du Travail     Full-text available via subscription   (Followers: 3)
International Review on Public and Nonprofit Marketing     Hybrid Journal   (Followers: 3)
Management international / International Management / Gestiòn Internacional     Full-text available via subscription   (Followers: 3)
Journal of Chinese Economic and Foreign Trade Studies     Hybrid Journal   (Followers: 3)
International Economics     Hybrid Journal   (Followers: 3)
Digital Finance : Smart Data Analytics, Investment Innovation, and Financial Technology     Hybrid Journal   (Followers: 3)
World Oil Trade     Hybrid Journal   (Followers: 3)
International Commerce Review     Hybrid Journal   (Followers: 2)
Journal of International Food & Agribusiness Marketing     Hybrid Journal   (Followers: 2)
Economics Research International     Open Access   (Followers: 2)
Qualitative Research in Financial Markets     Hybrid Journal   (Followers: 2)
Asian Journal of Shipping and Logistics     Open Access   (Followers: 2)
China Business Review     Full-text available via subscription   (Followers: 2)
International Journal of Export Marketing     Hybrid Journal   (Followers: 2)
Global & Strategis     Open Access   (Followers: 2)
China Economic Quarterly International     Open Access   (Followers: 2)
Critical Perspectives on International Business     Hybrid Journal   (Followers: 1)
Japanese Political Economy     Full-text available via subscription   (Followers: 1)
Revue internationale P.M.E. : économie et gestion de la petite et moyenne entreprise     Full-text available via subscription   (Followers: 1)
Amnis     Open Access   (Followers: 1)
L'Année du Maghreb     Open Access   (Followers: 1)
International Journal of Asian Business and Information Management     Full-text available via subscription   (Followers: 1)
Journal of Antitrust Enforcement     Hybrid Journal   (Followers: 1)
Botswana Journal of Economics     Open Access   (Followers: 1)
Estudos Internacionais : revista de relações internacionais da PUC Minas     Open Access   (Followers: 1)
Journal of Economics and International Finance     Open Access   (Followers: 1)
Economic Journal of Emerging Markets     Open Access   (Followers: 1)
Research World     Hybrid Journal   (Followers: 1)
Journal of Korea Trade     Full-text available via subscription   (Followers: 1)
Acta Economica Et Turistica     Open Access   (Followers: 1)
Global Summitry     Hybrid Journal   (Followers: 1)
Transnational Corporations Review     Hybrid Journal   (Followers: 1)
MEED Middle East Economic Digest     Full-text available via subscription   (Followers: 1)
Regional Formation and Development Studies     Open Access  
Journal of Reviews on Global Economics     Open Access  
Journal of International Business Policy     Hybrid Journal  
East Asian Community Review     Hybrid Journal  
Ekonomia Międzynarodowa     Open Access  
Jurnal Ilmu Ekonomi Terapan     Open Access  
Jurnal Hubungan Internasional     Open Access  
Journal of Advanced Research in Economics and International Business     Full-text available via subscription  
Proceedings of the International Conference on Business Excellence     Open Access  
Journal of Accounting and Finance in Emerging Economies     Open Access  
International Journal of Governance and Financial Intermediation     Hybrid Journal  
South American Development Society Journal     Open Access  
Revista Multiface Online     Open Access  
Revue internationale de l'économie sociale     Full-text available via subscription  
Expert Journal of Business and Management     Open Access  
Crossroads     Hybrid Journal  
Relações Internacionais (R:I)     Open Access  
Revista Brasileira de Gestão de Negócios     Open Access  
Journal of Theoretical and Applied Electronic Commerce Research     Open Access  
International Journal of Commerce and Management     Hybrid Journal  
EMAJ : Emerging Markets Journal     Open Access  
Journal of International Commerce, Economics and Policy     Hybrid Journal  
Journal of Comparative International Management     Full-text available via subscription  

           

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