Exporting Countries Research Articles

The consumption-based carbon emissions effects of renewable energy and total factor productivity: The evidence from natural gas exporters

This study first time explores the impact of total factor productivity, renewable energy, exports, imports, and income on carbon emissions in the Gas Exporting Countries Forum (GECF) nations. To ensure that the results are sound and policy insights are well-grounded, three main issues of panel data – cross-sectional dependency, heterogeneity, and nonstationarity – are addressed using cutting-edge methods. Moreover, a theoretically justified framework is employed, offering advantages such as considering a broad set of factors, which are actionable from a climate policy perspective, with dual benefits of emissions reduction and supporting clean growth. We find that total factor productivity, renewable energy, and exports reduce carbon emissions, while income and imports have an increasing effect. Policymakers in GECF countries may consider implementing measures to support technological advancements, efficiency improvements, increased use of renewable energy, expanded exports, and lowered imports. They can reduce emissions while promoting sustainable economic growth.

President's Page: Layoff recovery: An unadvertised benefit of SEG membership

Staff reductions, commonly referred to as layoffs, are an unfortunate reality in the energy sector. The dynamics of supply and demand significantly influence oil and gas prices. Decisions made by oil producers, such as those from the Organization of the Petroleum Exporting Countries (OPEC), further affect these prices. Natural disasters can disrupt oil production and supply chains, while political instability can also influence availability and pricing. Additionally, economic fluctuations play a crucial role in the rise and fall of this commodity's cost. Mergers often lead to overlapping positions that become redundant. While these factors are largely beyond our control, they remind us that working in this rewarding yet unpredictable industry comes with its challenges, which we can mitigate by preparing for such occurrences.

Oil production and ecological footprint in Organization of the Petroleum Exporting Countries (OPEC): the moderating role of institutions

This study explores the effect of oil production (OP) on environmental sustainability in relation to the role of institutions in the Organisation of the Petroleum Exporting Countries (OPEC), using annual data from 1990 to 2022. Estimates from the dynamic common correlated effects and dynamic seemingly unrelated regression indicate that oil production heightens the ecological footprint, while this devastating impact is lessened by its interaction with institutional quality. Furthermore, there is evidence that ecological footprint and oil production are causally related to economic growth in both directions. To promote a sustainable environment, oil production activities in OPEC should be incorporated into a strong institutional structure that supports the environment. OPEC should also enhance the proportion of renewable energy in its energy mix through subsidies, tax holidays and carbon pricing.

Structural Change, Growth and the Increasing Service Trade in Low and Middle Income Countries

This paper explains the increasing service export in low and middle-income countries of the world and tries to relate it with structural change and pattern of growth. The authors have constructed a theoretical model to derive hypotheses and estimated empirical results from panel regressions based on data from 34 low and middle-income countries. The theoretical results show that productivity differences caused by endogenous technological innovations and human capital formation lead to a reallocation of resources and structural change. As a result, the relative prices of the goods change. This paper shows that the growing service export is the reflection of industrial backwardness due to lack of capital, technological innovation and infrastructure. The results of panel regression also reveal that service sector-led growth and investment in human capital formation have a significant effect on service export while expenditure on R & D is so low in such countries that it has no effect on per capita income, industrial growth and service export. As investment in human capital formation is high and R&D expenditure is low, the developing countries experience unbalanced growth with an increasing share of services in GDP and export.

Benefits and Vulnerabilities of the Free Trade Agreement for the EAEU Countries and China

Aim. Objective is to formulate the position of the EAEU in the negotiations on the free trade area with China.Tasks. We determine the potential results of the creation of the China-EAEU free trade area for each country.Methods. The indices of complementarity and trade intensity were calculated, and the benefits to society from the abolition of customs tariffs were calculated using a partial equilibrium trade-policy simulation.Results. The study of supply and demand for excavators showed that the total benefit of consumers (the construction industry) from the abolition of customs duties only slightly exceeds the losses of producers and the government. Based on the complementarity assessment, it was found that the free trade agreement is more beneficial for China than for the EAEU countries — the structure of China’s exports better corresponds to the structure of imports of the EAEU countries. It was revealed that the exports of the EAEU countries to China are not diversified, and the main export goods face minimal tariffs — 0% for crude oil from Russia and Kazakhstan, 3% for potash fertilizers from Belarus, 0% for ores and concentrates of precious metals from Kyrgyzstan, 0% for copper ores and concentrates from Armenia. The EAEU countries may be interested in further liberalization of trade with China due to the intention to export frozen fish, corn, wheat and rice (Russia), tobacco (Kyrgyzstan and Armenia), meat and dairy products (Belarus), and cognac (Armenia).Conclusions. Reduction of duties on the specified goods may be the subject of a preliminary temporary agreement. A free trade zone may be created by finalizing the existing Agreement on Trade and Economic Cooperation between the EAEU and its Member States and the PRC. It is recommended that, in addition to including provisions on the abolition of customs duties, sections on trade in services, investments, and movement of individuals be included.

Analyzing the Impact of EU’s Legality Requirements Policies on Sustainable Timber and Sawnwood Trade—Focusing on Tropical Wood Trade

This study analyzes the impact of the EU′s policy to prohibit the import of illegally harvested timber on the trade of tropical timber and sawnwood. The analysis uses a difference-in-differences approach based on gravity models, with panel data from over 193 countries that trade tropical timber and sawnwood. The result of the analysis shows that the European Union Timber Regulation (EUTR) reduces the trade of illegally harvested timber. It further suggests that the EUTR caused a relatively larger reduction in tropical sawnwood (−0.21%) than that of tropical timber (0.07%). In addition, the Voluntary Partnership Agreement (VPA) appeared to cause a significant reduction in tropical sawnwood (−0.07~−0.05%), whereas tropical timber did not appear to have been significantly impacted. In particular, the reduction in timber exports in countries that have signed the VPA, which aims to encourage exports of legally produced timber, has significant implications for both the EU and timber exporters preparing for the VPA, as both parties strive to expand the VPA. The results of this study suggest that the EU needs to make additional efforts to address the decline in exports from countries that signed the VPA.

Gastrodiplomasi Korea Selatan di Indonesia melalui Ekspor Produk Makanan Korea Selatan Periode 2020-2022

Gastrodiplomacy is the diplomacy used by South Korea throughout the world, including Indonesia. Diplomatic activities can basically increase the country's export activities. During the Covid-19 pandemic, South Korean export activities in Indonesia experienced a decline. Therefore, this research aims to increase exports of South Korean food products in Indonesia during the Covid-19 pandemic through South Korean Gastrodiplomacy in Indonesia. In answering these problems, the concepts of gastrodiplomacy and new public diplomacy are used. The research method used is qualitative which aims to find out in depth by exploring and understanding the central issues in the research. The aim of this research is to determine the increase in exports of South Korean food products in Indonesia during the Covid-19 pandemic through gastrodiplomacy. The results of this research are an increase in export activities of South Korean food products in Indonesia and also an increase in the number of Indonesian people's interest in Korean food which directly encourages an increase in export activities of South Korean food products to Indonesia which continues to increase every year.

Prediction OPEC oil price utilizing long short-term memory and multi-layer perceptron models

The present study undertakes a comprehensive assessment of two predictive models, namely Long Short-Term Memory (LSTM) and Multi-layer Perceptron (MLP), with a specific emphasis on their effectiveness in predicting oil prices, particularly those of the Petroleum Exporting Countries (OPEC). In this study, three fundamental statistical measures are utilized: The Symmetric Mean Absolute Percentage Error (SMAPE), the Mean Squared Error (MSE), and the Mean Absolute Percentage Error (MAPE). The results demonstrate that the LSTM model regularly surpasses the MLP model in the three benchmarks. In particular, the LSTM model demonstrates lower values for SMAPE, MSE, and MAPE, indicating higher prediction accuracy. The decreased error scores linked to the LSTM model highlight its improved capacity for precise oil price prediction in comparison to the MLP model. These results signify a notable progress in the use of machine learning techniques for predicting OPEC oil prices. Moreover, this study provides invaluable perspectives for OPEC management, policymakers, and organizations focused on oil price fluctuations, therefore contributing to the wider endeavour of enhancing the stability and economic sustainability of the oil pricing system in OPEC countries. The consequences of the study include the promotion of a pricing system that facilitates the achievement of economic and social development goals in these countries.

Sustainable energy transition, knowledge co-creation and trade: the case of EU residential energy efficiency

ABSTRACT The European Union (EU) sustainable energy transition requires radical changes of economic, technological, societal and political systems. This paper empirically investigates the relationships among environmental policy, innovation and technological capabilities, and economic performances, in terms of country export competitiveness, focusing on residential energy efficiency goods, a core pillar of the EU energy and climate strategy. We combine network analysis with a gravity model to investigate the evolution of the EU bilateral trade and co-patenting activities from 1990 to 2015, based on a panel of 19 European countries. Our results show that the technological skills of the exporting country, related to the production of the households’ energy-consuming appliances, strongly enhance its export performances, and this effect is stronger when countries are EU members. Cooperation in knowledge creation and institutional proximities between trade partners are further key determinants of export performances of analysed countries.

KINERJA DAYA SAING TEH HIJAU INDONESIA DI PASAR INTERNASIONAL

Tea commodity is one of the export commodities that can contribute to the Gross Domestic Product (GDP) of Indonesian plantations. Indonesia’s tea production fluctuates but tends to decline, resulting in declining tea exports. Indonesia’s tea production is dominated by 78% black tea, 20% green tea, and the remaining 2% other types of tea. Although green tea has lower exports than black tea, Indonesia’s green tea market share has a better market share. The purpose of the study was to determine the comparative and competitive competitiveness of green tea exports, as well as the position of Indonesia’s green tea export competitiveness (HS 090220) in the international market. The data used starts from 2011-2022 with 6 destination countries namely Poland, Germany, Taipei, Pakistan, Malaysia, and China. The analysis used is RCA (Revealed Comparative Advantage), EPD (Export Product Dynamic), and ISP (Trade Specialisation Index) analysis. The results of the analysis showed that Poland has the highest RCA value of 29.99 and followed by Germany, Taipei, Pakistan, and China which have strong competitiveness. While Malaysia has a weak competitiveness with an RCA value of 0.34. The results of the EPD analysis obtained that Poland is in the Rising Star position which means that Indonesian green tea has a competitive advantage and is experiencing a positive increase in market share, while China and Pakistan are in the Lost Opportunity position. Malaysia is located in the Retreat position, which means that Indonesian green tea does not have a competitive advantage, while Germany and Taipei are in the Falling Star position. ISP results obtained Indonesia as an exporter country and has a strong competitive position in Pakistan. Indonesia as an importer country and has a weak competitive position in China.

Trade risk transmission of global cobalt industrial chain based on multi-layer network

In order to study the potential systemic risk transmission in cobalt trade, this paper combined the infectious disease model with complex networks to build a multi-layer network trade risk transmission model for cobalt trade based on the transmission of export restrictions and bilateral friction in a single country, in order to simulate the degree of impact of risk transmission in cobalt industry chain, identify key countries and risk transmission paths. The results show that multi-layer network risk transmission of global cobalt trade based on two communication forms has the characteristics of “robust and fragile”. In addition, the risk transmission situation based on bilateral frictions is mainly transmitted by core countries and direct contacts. The risk transmission based on the export restriction of a single country is mainly through direct contact, indirect contact and regional transmission. We also find that the multi-layer trade network of global cobalt trade can resist the bilateral frictional transmission mode better than the transmission mode of single country export restriction. The results can support policy makers to optimize the cobalt trade structure and mitigate the negative impact of trade disruptions.

국제표준이 최저개발국의 수출에 미치는 영향: 기술수준의 매개효과를 고려하여

While previous studies have analyzed the impact of standards on trade between regions and countries, there has been limited research on how international standards affect the overall exports of countries that do not actively participate in international standardization. This study aims to investigate the impact of ISO international standards on the exports of countries that do not actively participate in international standardization, and to examine whether the technological level of a country serves as a mediating variable in this process. Through this, the study seeks to verify whether ISO achieves its goal of harmonizing global standards to promote trade. For the analysis, a regression analysis was conducted using the export volume of least developed countries (LDCs) as the dependent variable and ISO international standards as the independent variable, with the technological level of each country as a mediating variable. The analysis results indicated that ISO international standards positively influence the exports of LDCs, and the technological level fully mediates the process through which international standards affect exports. Unlike previous studies, this research focuses on the impact of international standards on the exports of LDCs rather than developed countries, and holds significance as an initial study exploring the mediating role of variables in this process.

Asymmetry and Imbalance in Trade between East and West in the 1980s

An analysis of the development of East-West trade in the 1980s and earlier allows us to draw a conclusion about the imbalance in the importance of mutual economic relations at that time. This imbalance was multi-faceted and manifested itself in, e.g., imbalance in the structure of trade in goods, payment asymmetry, as well as various motives of OECD and Comecon countries when making decisions on mutual exchange. The imbalance in the commodity structure of the East-West mutual trade reflected the fact that complementary goods were exchanged instead of, as was the case in countries characterized by a modern exchange structure, substitute products. The complementary nature of East-West trade meant that the exports of the socialist countries to the markets of the Western countries encompassed, to a large extent, different commodity groups than the imports of the Comecon countries from this area. While exports from socialist countries consisted mainly of goods with a relatively low degree of processing, the exports of capitalist countries to their Eastern partners encompassed mainly finished products with a significant degree of processing and the involvement of modern technological thought.

Assessing Indonesian Nutmeg Commodity Trade Competitiveness and Developing Sustainable Strategies in the Global Market

Nutmeg encounters challenges in productivity, quality, climate change, Covid-19 disruptions, and stagflation, requiring efforts to enhance competitiveness and meet global market demands. This study aims to analyze Indonesian nutmeg trade performance, assess competitive advantage, and formulate essential strategies to increase its competitiveness. Using comprehensive mixed quantitative and qualitative analysis, methods include export-import market share analysis, CAGR, import dependency ratio, import-to-export ratio, RCA, RSCA, RTA, and SWOT/QSPM analysis. The data obtained from in-depth interviews with key stakeholders was used for formulating strategies enhancing nutmeg’s competitiveness. The findings underscore Indonesia's significant dominance in the global nutmeg market, with a considerable 61.6% market share but its export growth rate for nutmeg was less than the import annual growth. The competitiveness indicators demonstrated a robust comparative advantage of Indonesian nutmeg trade in the global market, especially for products categorized as “nutmeg, neither crushed nor ground” and “nutmeg, crushed or ground”. Indonesian also has comparative advantage among other exporter countries. Crucial strategies of internal and external perspectives, such as expanding markets, improving nutmeg quality and productivity through improving farmer capacity, technological adoption, and good agricultural practices are necessary to take into account Indonesia’s nutmeg competitiveness in global markets.

Review The Application of Factors that Influence Customers in Increasing Purchase Intention for Local Brand Sneaker Footwear Products in Indonesia

The competition in the footwear product business in the world is very competitive. Asia is the highest footwear producer at 88.2% as well as the highest consumer at 56%, followed by the Americas which produces footwear at 6.1% while the consumption rate reaches 20.8%. This proves that countries in Asia export a lot to other countries including Indonesia as the third highest exporter of footwear after China and Vietnam. The total footwear produced by the State of Indonesia reaches 1083 million pairs of footwear. Indonesia not only meets domestic needs, but Indonesia exports footwear up to 427 million pairs, but many imported products also enter Indonesia up to 150 million pairs. This is certainly a competition between imported/global brand footwear products and local brands. However, the results of the distribution of a questionnaire conducted by an online survey named Kurious in 2023 with https://www.kurious.id website address, with a total of 399 respondents conducted from February 14 – February 22, 2023. The purpose of this study is to find out what factors can affect customers in increasing the purchase intention of local brand sneaker footwear products in Indonesia. The method used in this study is a qualitative method using a descriptive approach of analysis and analysis through literature review from various Scopus publications on existing problems. The results of the study show that the factors that can influence customers in increasing the purchase intention of local brand sneaker footwear products in Indonesia are divided into 3 perspectives, namely consumers consisting of ethnocentrism or nationalism, emotional attitudes of liking local brands, then from the perspective of producers consisting of increasing creativity, innovation, durable product quality and conducting intensive promotions with the support of celebrities to influencing consumer behavior and then the third from a cultural perspective / cultural environment, including creating a taste for local products

Stakeholder perspectives on border carbon adjustments: Trinidad and Tobago's balancing act between competitiveness and climate action

ABSTRACT Introduction This policy analysis paper explores stakeholder perspectives on the potential impact of Border Carbon Adjustments (BCAs) as an external climate policy instrument on Trinidad and Tobago. The research is based on data collected through a questionnaire and two workshops.Discussion The study finds that while the majority of stakeholders are aware of BCAs and generally support their implementation for environmental reasons, there are concerns about their impact on the competitiveness of the country's exports and the social consequences. Stakeholders expressed concerns about potential job losses, increased costs for consumers, and reduced competitiveness of local industries.Conclusion The research recommends the participation of Trinidad and Tobago in international discussions on BCA design to advocate for phased exemptions as the country decarbonizes and to influence key BCA design features such as geographic coverage, product coverage, emissions scope, fees and application of the fees and crediting for foreign policy. The country should also develop robust Measurement, Reporting, and Verification (MRV) systems to measure and verify domestic carbon emissions accurately. Additionally, the country should introduce policies like a carbon tax to potentially reduce emissions and the amount of taxes paid.

The Impact of the Oil Industry on the Economic Development of Nigeria

The study examined the impact of the oil industry on the economic development of Nigeria. The Nigerian petroleum industry dominates the Nigerian economy in terms of profits and revenue. According to the recent Petroleum Export Organization (OPEC) report, Nigeria currently ranks as the world's tenth-largest crude oil reserves and also the world's fifteenth crude oil producer. According to national statistics, the industry generates for the country more than 95% of the country's external revenue and about 80% of government revenue. Secondary data collected on the economic variable used in the study comes from the World Bank, worldometer, and the International Monetary Fund, Statistical Review of World Energy, Central Bank of Nigeria (CBN) Statistical Bulletin, CEICDATA (Organization of the Petroleum Exporting Countries) from 1990 to 2016. An augmented Dickey-Fuller unit root test, and autoregressive distributive lag (ARDL) method, and ARDL related to the test co-integration with various other diagnostic techniques were used for the study. The result reveals that oil production contributed to economic development, but the consumption and export of crude oil did not contribute to the improvement of the Nigerian economy. The study concluded that the government should implement policies that would encourage the private sector to actively participate in the crude oil sector and sectors of the economy. In addition, the government should use the revenue generated from oil to invest in other national sectors such as agriculture and manufacturing to expand the revenue stream of the economy

HUMAN RESOURCES AND REGIONAL INTEGRATION

This paper being an empirical work assessed Human Resources and Regional Integration especially as it relates to Nigeria and other regional bodies like the Africa Union (AU), the International Labour Organisation (ILO), Organisation of Petroleum Exporting Countries (OPEC). Three research questions were designed for the study expecting responses from participants. The study used survey research design as this design type helps to gather, organize and analyze data obtained from a pool of respondents and generalise its outcome on the larger population. The population for this study comprises all human resource personnel in both private and public enterprises from Edo, Anambra and Lagos states respectively. The choice of these states is based on the premise that they are one of the economically strategically located states that have a functional HR structure in Nigeria. A multi-stage sampling technique was used to select a sample of 180 human resources personnel from both private and public establishments across the three identified states above. From each of the states, 60 respondents were captured from establishments like tertiary institutions, secondary schools, banks and companies respectively. The researcher adopted a researcher-structured instrument titled “Human Resources and Regional Integration Questionnaire (HRARIQ)” to collect data. The structured Questionnaire has 20 close-ended items on a 4-Point Likert Scale of Strongly Agee (SA), Agree (A), Disagree (D) and Strongly Disagree (SD) respectively. The Questionnaire was validated as construct validity was assured and sub-scale index r=0.835, 0.841 and 0.816 for the instrument was derived. With Cronbach Alpha, a reliability from an index value of 0.893 was obtained which shows internal consistency. Through mean and simple percentage, a descriptive statistics type, the sourced data was analysed. The study revealed that human resources management has an established influence on regional integration. It then concluded that the Presence of functional and operational labour laws would likely promote the integration of member states of which Nigeria is a key member.

Trade policy revisited: how government support initiatives affect international performance in SMEs?

PurposeThis paper aims to understand how government support initiatives can enhance the international performance of small and medium-sized enterprises (SMEs). To address the gap of literature, this paper employed three theoretical lenses to examine both of direct and indirect relationships between two main constructs.Design/methodology/approachThis empirical study is based on data collected from Armenian exporter SMEs. The data collection utilized a random sampling approach, resulting in 138 fully completed questionnaires, yielding a response rate of 28.4%, comparable to previous studies in international business research. This sample includes firms from three main sectors: agriculture, manufacturing and services, reflecting the structure of Armenia's international trade. Relationships were examined using Partial Least Squares Structural Equation Modeling (PLS-SEM).FindingsThe results of this study indicate that government support initiatives lack a direct impact on international performance, while positing instead an indirect connection between the two constructs through strategic capability and institutional pressures.Originality/valueThe results of this study contribute to the international business literature in several ways. First, it surpasses the conventional examination of government support on firm performance by delving into both the direct and indirect relationships between these constructs. Second, it reveals that not all theoretical viewpoints hold equal strategic importance in explaining the internationalization of SMEs. From the practical point of view, findings help policymakers to maximize a country's export capacity by implementing tailored initiatives, considering the unique requirements of SMEs.

How does oil policy uncertainty influence resource rents? New empirical evidence from Organization of the Petroleum Exporting Countries

AbstractThe uncertainty surrounding oil‐related policies has raised concerns about its influence on revenues derived from resource extraction activities. In this view, the current study aims to investigate the nuanced relationship between oil policy uncertainty (OPU) and resource rents, focusing on oil rents (ORTs), natural gas rents (NRTs), and total resource rents (TRT). Analyzing data spanning from 1985 to 2019 across Organization of the Petroleum Exporting Countries, various econometric models including DOLS, FMOLS, and autoregressive distributed lag are employed to assess the impact of OPU on resource rents. The empirical findings reveal a significant negative effect of heightened OPU levels on resource rents, indicating a reduction in ORT, NRT, and TRT. This negative impact underscores the deterrence of long‐term investments in oil exploration and production due to regulatory unpredictability, leading to decreased revenues from oil extraction activities. Additionally, increased OPU contributes to heightened volatility in oil prices, disrupting the stability of resource rents. Furthermore, variables such as FDI inflow, inflation rate, and banking sector development exhibit positive relationships with resource rents, emphasizing their role in bolstering revenues derived from natural resources. The study's implications highlight the necessity for policymakers to address and mitigate OPU to foster stability and sustainable revenues within resource‐driven economies. This study contributes to the existing literature by offering empirical insights into the adverse impact of OPU on resource rents.