Trade Restrictions Research Articles

РОЗВИТОК ІНВЕСТИЦІЙНОЇ БЕЗПЕКИ ДЕРЖАВИ

Abstract. The article highlights the current issues of development of investment security of the state. It was determined that today's special conditions pose challenges to strengthening the investment security of the state. Proven investment activity at the global level. The result of such activity is a real increase in investment flows from partner countries.
 The components of investment security are systematized: the legal environment, which is characterized by regulated regulatory and legal support, without regulatory collisions and contradictions of individual legal norms; economic and political stability; the stability of the macroeconomic environment, which includes stable inflation, low unemployment, and economic growth; developed infrastructure, which is necessary for making effective investments; geopolitical risks, which include international conflicts, sanctions, trade restrictions; innovative activity that contributes to the creation of competitive industries and attracting investments; social stability, which ensures social justice, balanced development of society, improvement of investment security.
 The development of scientific schools that investigate the issue of investment security is studied. The most famous scientific schools are systematized, in particular: the school of risk-oriented investment management, the school of financial security, which studies the financial aspects of the investment process, financial risks, models of financial asset valuation and financial flow management, the school of political economy, which investigates the influence of political factors on investment activity , a school of international relations, a school of normative and legal regulation, which studies the legal aspects of financial markets.
 It has been proven that scientific schools contribute to the development and improvement of the theory and practice of investment security through the study of various aspects of this issue from different scientific approaches.
 The methods, goals, forms and tools of influence on state regulation of the level of investment security are defined. It is proposed to solve priority problems for strengthening the investment security of the state. The directions of further scientific research in the field of investment security are outlined.

Indirect effects of trading restrictions

Stock market trading restrictions affect prices and liquidity directly through constraints on investors' transactions and indirectly by altering the information environment. We isolate this indirect effect by analyzing how stock market restrictions affect corporate bond yields. Exploiting the staggered reductions of trading restrictions in the Chinese stock market as a quasi-natural experiment, we document that the easing of trading restrictions on a firm's stock decreases its corporate bond spreads. This effect is stronger for firms with less transparency or lower credit ratings. Our evidence suggests that the effect is likely due to improved stock price informativeness.

The Role of Digital Services Trade Restrictiveness in Exports: Before and During COVID–19

Digital technology has penetrated various fields, including international trade. This study aims to analyze how barriers/openness to trade in digital services affected exports before the COVID–19 pandemic (2015–2016) and during the pandemic (2019–2020). Based on the Gravity model, exports seem to be influenced by digital services trade restrictiveness, including infrastructure and connectivity restrictions (X1), electronic transaction restrictions (X2), and other restrictions (X3). The panel data regression equation was used to analyze data from various countries (European 17 countries, Asian 8 countries, and Latin American 3 countries) sourced from OECD Statistical Data. The selection of sample countries was based on data availability and homogeneity. The results showed that the effect of digital services trade restrictiveness on exports was low before the pandemic and increased during the pandemic era. Prior to the pandemic, restrictions on electronic transactions had a weak and negative impact on exports; meanwhile, during the pandemic, all restrictions impacted exports, except for other restrictions. In the pandemic era, restrictions on infrastructure & connectivity had a negative impact, but restrictions on electronic transactions had a positive impact on exports due to a decline in global exports and several countries reducing restrictions on electronic transactions.

Cell Culture Adaptive Amino Acid Substitutions in FMDV Structural Proteins: A Key Mechanism for Altered Receptor Tropism.

The foot-and-mouth disease virus is a highly contagious and economically devastating virus of cloven-hooved animals, including cattle, buffalo, sheep, and goats, causing reduced animal productivity and posing international trade restrictions. For decades, chemically inactivated vaccines have been serving as the most effective strategy for the management of foot-and-mouth disease. Inactivated vaccines are commercially produced in cell culture systems, which require successful propagation and adaptation of field isolates, demanding a high cost and laborious time. Cell culture adaptation is chiefly indebted to amino acid substitutions in surface-exposed capsid proteins, altering the necessity of RGD-dependent receptors to heparan sulfate macromolecules for virus binding. Several amino acid substations in VP1, VP2, and VP3 capsid proteins of FMDV, both at structural and functional levels, have been characterized previously. This literature review combines frequently reported amino acid substitutions in virus capsid proteins, their critical roles in virus adaptation, and functional characterization of the substitutions. Furthermore, this data can facilitate molecular virologists to develop new vaccine strains against the foot-and-mouth disease virus, revolutionizing vaccinology via reverse genetic engineering and synthetic biology.

Analyzing global trade network resilience during economic crises: A model-based exploration of countries' interactions, USDX variation, and number of exporting countries

The global trade network can be viewed from different perspectives. The common ones are the volume of exports and the number of countries that export products. The variation in number of exporting countries for products has been studied over the years. The U.S. dollar has been used for invoicing exportation in global trade, and its variation in values against global currencies negatively affects the volume of exports and the number of exporters. United States dollar indices (USDX) have been globally used to measure the values of global currencies against the U.S. dollar. Many studies have been done on the effect of the global economic crisis on global trade networks. However, scholars have not yet developed a complex dynamical model and established the critical transitional or threshold values that separate the resilient network of exporting countries from a non-resilient one. This study modelled the dynamic representation of a complex network of exporting countries by modifying Lotka-Volterra models. Using the developed model and empirical data USDX and export data of 161 countries from 1971 to 2020, the critical transition values have been calculated for different phases of economic crises. This study references five major crises, revealing that the variation of U.S. dollar indices significantly impacts global network system resilience. It suggests that policies reducing trade restrictions among trading partners are more important than controlling variation in U.S. dollar indices. This information will be crucial in addressing future crises like the Russian-Ukraine conflict.

Trade Beyond Borders: Decoding India-China Economic Relations

India and China are prominent players in the rapidly growing economies of Asia. With a shared border spanning 3488 kilometers, the two nations have historically grappled with border disputes, leading to periodic violent clashes between their respective military forces. These skirmishes often evoke strong sentiments among the Indian populace, resulting in intensified boycotts of Chinese goods as a form of protest and economic reprisal. This paper aims to critically examine the trade relations between India and China, particularly in the context of trade restrictions on products originating from China, within the framework of their membership in the World Trade Organization (WTO). Drawing on data sourced from the United Nations Conference on Trade and Development (UNCTAD), trade indices such as the Export Share Index, Import Share Index, Import Category Index, and Origin Specific Import Category Index are calculated to shed light on the bilateral trade dynamics, mutual economic interdependence, and trade balance from the perspective of India. Analysis reveals a significant trade deficit for India vis-à-vis China, which has surged at an annual rate of 23.46 percent between 1995 and 2022. India's reliance on China extends beyond manufactured goods to encompass essential raw materials, particularly in sectors such as pharmaceuticals. Notably, China serves as the primary source for 23 out of 260 items and a major contributor to over 38 additional items in India's import portfolio. Rather than resorting to a trade war with China, which could yield adverse effects for both nations, it is suggested that India focus on bolstering infrastructure development, fostering a conducive business environment, improving ease of doing business, and investing in healthcare and education sectors. Such measures aim to stimulate industrial growth, harness skilled labor resources, and enhance employment opportunities for the populace at large.

Temporary trade shocks and regional development: evidence from the closure of Abidjan port

Abstract Can temporary trade restrictions reshape regional development? To analyze this, we exploit the Cote d’Ivoire civil war that disrupted access to Abidjan port for neighboring land-locked countries: Mali and Burkina Faso. Estimates from a difference-in-difference design suggest negative effects on economic activity and a reverse structural change in the treatment communes. We find evidence of persistence through irreversible investment in built-up areas and divergence in the growth of nightlights. Treatment communes at the intermediate distance from the nearest city experienced stronger adverse impacts, driven partly by a relocation to the communes close to other ports.

Palm oil trade restrictiveness index and its impact on world palm oil exports

Palm oil trade restrictiveness index and its impact on world palm oil exports

A Study of Global Trade War and Its Impact on Indian Economy

A Study of Global Trade War and Its Impact on Indian Economy

Seroprevalence of contagious bovine pleuropneumonia (CBPP) in cattle from Karamoja region, North-eastern Uganda

BackgroundContagious bovine pleuropneumonia [CBPP] is a transboundary animal disease of cattle caused by Mycoplasma mycoides subsp. mycoides [Mmm]. CBPP causes severe economic losses to livestock producers in sub-Saharan Africa mainly due to high mortality, morbidity, reduction in productivity as well as livestock trade restrictions. This study aimed at determining seroprevalence of Mmm in cattle from Karamoja region, north-eastern Uganda; data that are required to design and implement risk based CBPP control program.MethodsWe randomly collected blood samples from 2,300 cattle spread across Karamoja region. Serum was extracted and screened for antibodies against Mycoplasma mycoides subsp. mycoides [Mmm] using the competitive enzyme linked immunosorbent assay [cELISA].ResultsA quarter [25.4%; 95% CI: 23.7–27.3] of the screened cattle [n = 2,300] were sero-positive for Mmm. Amudat and Kaabong districts recorded the lowest [12.3%] and highest [30.7%] Mmm seroprevalence respectively. Increasing age, overnight stay in cattle kraals and location [certain districts, villages, herds and sub counties] of the cattle herds, the factors that promote animal commingling, were the most significant risk factors of seroconversion with Mmm.ConclusionResults from this study indicated a higher seroprevalence of Mmm in Karamoja region cattle herds. This could be due to the increased frequency of CBPP outbreaks in recent years. To be effective, CBPP vaccination programs should target high risk herds along the international borders and other hotspot areas [e.g., parishes or sub counties] where cattle commingling is high.

Climate change and food security in South Asia: the importance of renewable energy and agricultural credit

Weather, trade restrictions, rising oil prices, a lack of financial support for farmers, and other factors have contributed to the destabilization of South Asian food security. The purpose of this study is to determine the long-run and short-run relationships between climate change, agricultural credit, renewable energy, and food security for a sample of South Asian countries between 1990 and 2021. The Dynamic Common Correlated technique is utilized for empirical analysis since it directly addresses the issue of cross-sectional dependency while delivering accurate cointegration findings. The study’s empirical findings show that climate change reduces food availability and increases the incidence of food insecurity in South Asia. In contrast, the use of renewable energy sources has a positive effect on food security in the short-run but not in the long-run, while the availability of credit to farmers has a positive effect on food security. Findings suggest that South Asian countries may reduce climate change’s negative effect on food security by investing in climate services, climate-resilient infrastructure, growing drought-resistant crops, using supplemental reinforced agricultural practices, and improving their weather forecasting capabilities.

Economic Aspects of Australian Federation: Trade Restrictiveness and Welfare Effects in the Colonies and the Commonwealth, 1900–3*

Australian Federation in 1901 entailed the formation of a customs union among its formerly tariff‐autonomous colonies. Although the elimination of tariff barriers to intercolonial/interstate trade would have been welfare‐enhancing, Australia's common external tariff was set considerably higher than the tariffs on external goods imported by the pre‐Federation colonies, implying a welfare reduction. Using a dataset of 3,584 commodity‐ and colony‐disaggregated imports, this paper estimates trade restrictiveness indices and welfare losses for the Australian colonies and Commonwealth. Despite the high external tariff post Federation, the customs union produced a net static welfare gain conservatively estimated to have been 0.17 per cent of GDP.

The Regional Heterogeneity of the Impact of Agricultural Market Integration on Regional Economic Development: An Analysis of Pre-COVID-19 Data in China

The abrupt onset of the COVID-19 pandemic in late 2019 significantly disrupted China’s domestic agricultural production and supply chain stability. Local governments, responding to urgent circumstances, implemented various trade restrictions that profoundly affected regional economic development. This study, covering data from 2010 to 2019 across 31 provinces, investigates agricultural market integration and regional economic development. Employing a dynamic spatial panel Durbin model, it systematically analyzes the complex relationship between these variables. International trade variables related to agricultural products are then introduced to examine their “substitution effect” in promoting regional economic development through agricultural market integration. The research findings are summarized as follows: (1) disregarding international agricultural trade, a one-unit increase in the agricultural market integration index corresponds to a 0.156% rise in regional economic development. (2) In an open economy, the substitution coefficients for agricultural imports, exports, and total trade concerning market integration are −0.00097, −0.0012, and −0.0038, respectively. (3) The strength of the substitution effect from the international agricultural market to the domestic market varies regionally, with coefficients of −0.00099 and −0.00217 for the eastern and western regions, respectively.

Unpacking the Global Rice Trade Network: Centrality, Structural Holes, and the Nexus of Food Insecurity.

The challenging international landscape and exacerbated extreme weather conditions contribute to the instability of global grain trade, complicating its impact on food security. This complexity is particularly pronounced for varieties like rice, which are heavily affected by policy-driven trade restrictions. There is insufficient research on how a country's rice trade characteristics affect food security. A network analysis approach is adopted to intricately dissect the structural characteristics of rice trade. To explore causality with food insecurity, this paper chooses structural holes and centrality as representatives of trade network characteristics and regresses them on the food insecurity indicator. With cross-national data spanning over 30 years, the network analysis provides a clear portrayal of the dynamic changes in international rice trade. The overall resilience of the trade network has increased, but specific countries' vulnerability has also risen. Unlike the changing trends in features observed in grain and food trade networks, there is a notable intensification in the imbalance of power distribution in the rice trade network compared to over 30 years ago. The panel data regression results show that constraint, indicating the scarcity of structural holes or connections to stronger trading partners, significantly and positively influences a country's level of food insecurity. Based on these findings, the policy proposal for importing countries emphasizes creating strategic trade connections. By choosing appropriate trade partners that reduce constraint, food security can be enhanced, even without improvements in other conditions.

Perceived social benefits and drawbacks of sea turtle conservation efforts in a globally important sea turtle rookery

Conservation interventions have wide-ranging social impacts - both positive and negative. Yet a limited understanding of how conservation initiatives affect people’s livelihoods often hinders our ability to learn from past efforts and design more effective and equitable conservation measures. This is particularly needed when there is a high degree of overlap between critical habitats and human activities or a high cultural and economic demand for products derived from the conservation target. Here, we explore the social impacts of sea turtle conservation initiatives implemented on São Tomé Island (Gulf of Guinea) as a case study and consider how these might enhance or hinder future efforts. Semi-structured interviews were conducted with key actors involved in the sea turtle trade in December 2014-February 2015 (prior to the implementation of key initiatives) and February-April 2022. Our findings suggest a clear reduction in the scale of the sea turtle trade and the number of main actors involved. However, most respondents previously involved in the trade had experienced economic displacement and several associated social impacts, such as the reduced ability to support family and friends and food insecurity, due to trade restrictions. Financial capital was the main barrier to transitioning to alternative livelihoods, followed by the lack of skills and peer pressure. Finally, this study highlights the importance of considering human dimensions during the planning and implementation phase of conservation actions and the need for more investment focused on the well-being of communities to ensure the long-term survival of endangered species.

Impacts of trade policy on the welfare of citrus producers and consumers in Indonesia

PurposeThis study aims to investigate the factors influencing the citrus trade in Indonesia, the effects of tariff and non-tariff policies on the industry and the welfare of producers and consumers.Design/methodology/approachThe research used annual series data from 1991 to 2021 and employed inferential, simulation, and descriptive analyses. The two-stage least squares (2SLS) of 19 simultaneous equations were used to estimate parameters.FindingsThe results indicate that free trade policies and restrictions have influenced the citrus industry, leading to a reduction in Indonesian citrus imports, and increased consumer and producer prices. However, eliminating import tariff policies on citrus from China and import restrictions increased producer surplus while decreasing consumer surplus, government revenue, and total welfare. Therefore, trade policies should be combined with non-trade policies such as citrus region development policies and advancing cultivation technology.Originality/valueThis study provides empirical evidence for the Indonesian government to formulate effective citrus trade and development policies. It emphasizes the importance of carefully considering the impact of trade policy on the citrus industry and the need to implement non-trade policies such as citrus zone development policies and advancing cultivation technology to benefit both producers and consumers.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2023-0148

Impact of conservation farming practices on Aspergillus population density, peanut aflatoxin level, and exposure risk in Zambia

Aflatoxin contamination in peanuts (Arachis hypogaea L.) by aflatoxin-producing Aspergillus spp. is a serious problem worldwide affecting human health and restricting trade. Recently, conservation agriculture practices such as minimum tillage, crop rotation, soil surface cover, intercropping, and planting in basins alongside trees that enhance soil fertility, have been introduced in Zambia as tools to conserve soil moisture, increase peanut yield, and reduce the risk of aflatoxin contamination. However, a limited understanding exists of the impact of conservation agriculture on Aspergillus population densities in the soil and aflatoxin concentrations in crops grown under conservation agriculture. This study assessed the impact of conservation agriculture on (i) Aspergillus communities profile in soil cropped to peanuts, (ii) peanut aflatoxin contamination levels, and (iii) influences of the practices on liver cancer risks as a result of consuming peanuts grown in basins, peanuts grown in basins in farms having Gliricidia sepium trees (agroforestry), and peanuts grown on ridges (conventional tillage). Densities of Aspergillus spp. in soils ranged from 10 to 7,400 CFU/g (mean = 295 CFU/g). The densities differed among farming techniques (p = 0.0011) with conventional tillage (357 CFU/g) supporting higher densities than agroforestry (296 CFU/g) and peanuts grown in basins (230 CFU/g). Aspergillus communities were dominated by fungi with S morphology (55%; which is composed of several morphologically similar species), followed by A. parasiticus (34%), and the L morphotype of A. flavus (11%). Over 60% of the peanut samples were contaminated but there were no differences among farming techniques. Mean aflatoxin contents in peanuts were 110, 99, and 87, μg/kg for agroforestry, conventional tillage, and peanuts grown in basins, respectively. Probable daily aflatoxin intake ranged from 12.7 to 767.1 ng/kg body weight/d, depending on the age of consumers. The estimated liver cancer risk due to consumption of raw peanuts (0.334 to 20.128 cases/100,000 persons/year) was highest among children below 5 years and least for young adults. The results showed that growing peanuts in basins has the potential to reduce Aspergillus populations in soil. Possibly, planting in basins and agroforestry had minimal effect on water runoff and did not support sufficient moisture retention in the soil to reduce Aspergillus spp. densities and aflatoxin accumulation in the peanuts. Thus, more research is needed to improve the effectiveness of peanut cultivation in basins in shaping the Aspergillus species profiles for ultimately reducing aflatoxin in peanuts to safe levels. Given the high exposure of Zambia’s population, especially children, and that contaminated food is the major source of exposure, it is essential that appropriate technical, policy and institutional measures are promoted for aflatoxin mitigation in Zambia.

African swine fever at the wildlife-livestock interface: challenges for management and outbreak response within invasive wild pigs in the United States.

African swine fever (ASF) causes significant morbidity and mortality in both domestic and wild suids (Sus scrofa), and disease outbreaks convey profound economic costs to impacted industries due to death loss, the cost of culling exposed/infected animals as the primary disease control measure, and trade restrictions. The co-occurrence of domestic and wild suids significantly complicates ASF management given the potential for wild populations to serve as persistent sources for spillover. We describe the unique threat of African swine fever virus (ASFV) introduction to the United States from epidemiological and ecological perspectives with a specific focus on disease management at the wild-domestic swine interface. The introduction of ASF into domestic herds would require a response focused on containment, culling, and contact tracing. However, detection of ASF among invasive wild pigs would require a far more complex and intensive response given the challenges of detection, containment, and ultimately elimination among wild populations. We describe the state of the science available to inform preparations for an ASF response among invasive wild pigs, describe knowledge gaps and the associated studies needed to fill those gaps, and call for an integrated approach for preparedness that incorporates the best available science and acknowledges sociological attributes and the policy context needed for an integrated disease response.

Analytical tools of the risk assessment mechanism for the establishment and development of a cluster for the production of flower products in the Kaluga Region

state of the geopolitical situation, the disruption of well-established logistics supply chains, sanctions trade restrictions have led to an aggravation of problems in the flower industry of the regions, the country as a whole, and at the same time have identified new opportunities and prospects for its development. At the same time, the relevance of cluster design of the functioning of the industry increases. The functioning and development of the flower industry in modern conditions is associated with numerous threats and risks, which requires their identification, assessment, monitoring, followed by the adoption of adequate measures to neutralize. In these conditions, a reasonable, timely assessment of the risks of the current and investment activities of the cluster for the production of flower products in the whole region, taking into account the characteristics of its participants, is of decisive importance. Without an optimal selection of analytical tools and their effective use, it is impossible to ensure the reality of risk assessment, which certainly affects the effectiveness of producers of floriculture products and the industry as a whole. Based on a general analysis of the state of the floriculture industry in the region, the prospects for development in a cluster format, the article substantiates approaches to the optimal selection and use of analytical tools for a real assessment of numerous threats and risks in order to stop and level them in a timely manner. Based on expert estimates obtained using a specially developed PEST analysis methodology, the authors identified the main external risks and threats to the development of a flower cluster in the Kaluga region, summarized the results of SWOT analysis and identified measures that can reduce the negative impact of the identified threats and risks. The provisions of the article were used in the development of a strategy for the creation and development of a cluster for the production of flower products in the Kaluga region.

Research on the Impact of the US China Trade War on the Economy of Other Regions of the World

In recent years, China's economy has developed rapidly, and the technology industry has made significant progress. The US launched a tariff-fueled trade war with China in 2018. The ongoing economic dispute, characterized by a series of tariffs, trade restrictions, and negotiations, not only affect themselves but also deeply on the rest of the world. This article is going to discuss how the trade dispute affects the global economy and the influences on each separate country. While some countries experienced benefits from the trade war, these advantages were often offset by broader economic uncertainties and disruptions caused by the trade tensions. The overall global economic impact of the trade war is negative and the benefits to certain countries are limited and temporary. Overall, the whole world's economy has benefited very little but has mostly been negatively affected by the trade tensions and trade war dynamics between the US and China.