Value Of Trade Research Articles

Russia’s support for authoritarian regimes through food trade

ABSTRACT The article explores the ramifications of Russia’s food hegemony. Russia is already a grain hegemon and other commodities are trending in that direction. From its hegemonic position, weaponised food trade allows Russia to convert its resource power to support an authoritarian ecosystem. Russia’s food trade benefits itself and other authoritarian regimes. Grain imports from Russia help maintain food security in authoritarian states, and indirectly, their political stability. The use of grain trade to support authoritarian regimes is important because doing so strengthens countries that do not share Western values. Weaponised food trade further undermines the free trade values that underlie the current global order.

Pemodelan ARIMA-GARCH dalam Peramalan Kurs Rupiah Terhadap Yen dengan Masalah Keheterogenan Ragam

The currency exchange rate is the price of a country's currency expressed into another country's currency. At the beginning of 2020, the COVID-19 pandemic affected the weakening and changes in the Rupiah exchange rate against hard currencies, one of which was the Japanese Yen. This affects the expectations of LCS cooperation between Indonesia and Japan in terms of increasing the value of trade to investment between the two countries. Therefore, forecasting the upcoming currency exchange rate is indispensable to determine the upcoming macroeconomic policy. ARIMA is a commonly used quantitative method to forecast future data using past data patterns. The weakness of this method arises when the data violates the assumption of homogeneity of variety that often occurs in financial data, one of which is currency exchange rate data. The ARCH/GARCH model is an effective model for data with uncertain diversity characteristics. However, there is potential to combine ARIMA and ARCH/GARCH into an ARIMA-ARCH/GARCH hybrid model to obtain forecasting results with greater accuracy. In this study, the minimum return data on the Indonesian Rupiah (IDR) exchange rate against the Japanese Yen (JPY) shows the results that the ARIMA(0,0,1) model provides RMSE accuracy of 0.008. While the best forecasting model that can be used to forecast the maximum return data of the IDR exchange rate against JPY is ARIMA(1,0,0)-GARCH(1,1) with a small RMSE accuracy of 0.014. The forecasting results for the minimum return data for buying and selling are expected to strengthen the exchange rate. Meanwhile, the forecasting results for the maximum return data for buying and selling are expected to experience exchange rate weakening.

Does investor attitude toward carbon neutrality affect stock returns in China?

As climate risk becomes a severe problem, carbon neutrality is attracting the attention of both government and residents, and whether attitude toward carbon neutrality affects the stock market needs to be investigated. Investor attitude was measured by the search frequency and news attention from the Baidu Index. Using a comprehensive daily dataset of Chinese listed firms, the evidence showed that stock prices positively respond to investor attitude. Due to higher exposure on social media, stock turnover rates significantly increased, but institutional ownership significantly decreased. However, stock liquidity hardly improved, suggesting that the firms' fundamental performance was weakly driven by more attention. Moreover, stock returns rose in response to positive news and decreased in response to negative news. Besides, the attention had a larger effect on stocks with higher trading value. The results were robust when using an instrumental variable and an alternative measure. This paper provided suggestions for listed companies and investors. Investor attitudes would increase the stock returns, but the main role was to hype hot concepts. Attention was a double-edged sword, and firms needed to improve their competitive strength when positive attention was high.

Climate distance and bilateral trade

Climate conditions are sources of comparative advantages and may foster trading opportunities. Through a gravity-type approach we show that overtime variations in climate differences correlate with bilateral trade values. Intuitively, these differences may be associated with diverse productivity levels, a plausible channel through which climate distance affects trade.

The Effect Of “Sovereign Europe” Strategy on The Economic and Trade Relation Between China And EU

China and the EU are powerful international actors that play an essential role in the current international society. Economic and trade cooperation between China and the EU is a significant aspect of China-EU cooperation. However, China-EU relations have been facing several challenges since 2019. The concept of ‘sovereign Europe’ was implemented in 2020, in which the EU aims to gain ‘autonomy’ and ‘independence’. By using secondary data on China’s total trade value between 2019 and 2023, it is found that the total trade value between China and the EU shows an increasing trend before the end of 2021, apart from a decrease in the first half year of 2020, and starts to decrease since 2022. These trends are shown in several European countries, including France, Germany, and Spain. However, European countries such as Sweden and Estonia show a different trend. These trends show that the efforts to establish a ‘sovereign Europe’ did not cause the decline of China-EU economic cooperation until 2022 due to interdependence and the EU’s need to cooperate with China in combating the US’s influences in defense and finance. However, after 2022, the Russia-Ukraine conflict increases the EU’s concerns about geopolitical tension and, thus, views China more as a ‘threat’. As a result, the decline of the China-EU economic relation is likely due to the combined effect of building a ‘sovereign Europe’ and the Russia-Ukraine conflict.

Foreign Ownership and International Trade Performance in China

AbstractWe investigate the causal relationship between foreign ownership and international trade performance by comparing foreign‐acquired firms with similar domestic‐acquired firms in China with regard to changes in their post‐acquisition international trade performance. Our findings indicate that foreign ownership significantly enhanced the probability of both exporting and importing, and strongly increased trade value. Foreign ownership took effect from the year of the acquisition and persisted for at least 2 years. It stimulated both processing trade and ordinary trade, and expanded products and trading partners. Post‐acquisition trade performance also exhibited heterogeneity based on the different pre‐acquisition and post‐acquisition ownership. As for the underlying mechanisms, we show that firms experienced significant output expansion, increased export dependence, and eased financial constraints after foreign acquisition.

KETERKAITAN ANTARA FOREIGN DIRECT INVESTMENT, PERDAGANGAN INTERNATIONAL, INDEKS PERSEPSI KORUPSI, NILAI TUKAR DAN PERTUMBUHAN EKONOMI DI INDONESIA

The growth of Indonesia's GDP per Capita can be said to be quite stable and domestic consumption is still the largest contributor to the Indonesian economy, while Indonesia. Trade openness has the potential to increase economic growth by increasing efficient resource allocation and increasing factor productivity through technology adoption and knowledge transfer. Apart from that, FDI is also one of the keys to increasing efficient resource allocation and increasing factor productivity through technology adoption and knowledge transfer. Currently the value of international trade and FDI is still smaller than the domestic consumption sector. Furthermore, Indonesia's corruption perception index can also be said to be quite high, this could be an indicator of the perception or distrust of the public and investors towards the Indonesian government. An immediate increase in corruption will reduce economic investment, creating a general distortion. Based on the description above, it can be seen that Indonesia has not yet maximized these three factors (capital, human resources, technology) which can be obtained from international trade and FDI and also that Indonesia's corruption index level is still high. The method used is the Vector Error Correction Model. The research results show that the export variable has the highest influence on Indonesia's economic growth.

EU27 regional trade networks for medical products in fight against Covid-19 pandemic: Quantifying vulnerability and self sufficiency in critical inputs.

The Covid-19 pandemic spread fast due to a lack of vaccines and a severe shortage of medical products to treat and combat the disease. Many studies have focused on the characteristics of extant global supply chains and trade networks that are determined by globalization drives for production to low-cost countries and the technological complexity of products with many components distributed globally. This, along with the lockdown of many sectors and national policies that divert exports for domestic use, are reasons for lack of access, especially, in Western countries to these products. Governments adopted policies that aim to mitigate vulnerability to imports of critical medical products that include self-sufficiency measures such as increased domestic production, stockpiling and reduction of exports. However, there is as yet no quantitative way to assess if a country's vulnerability to critical imports has been reduced by such drives for self-sufficiency, when other countries in the trade network follow similar policies. For this we develop a Google PageRank style centrality measure based on the Markose-Giansante eigen-pair method for a specially constructed global bilateral trade network to assess the vulnerability of net importers of critical medical products when they attempt to mitigate it by regional or domestic buffers. We use the network vulnerability centrality measure to quantify the regional self-sufficiency for EU27 countries over 2019-2021 for four Covid-19 critical medical products, viz. facemasks, personal protective equipment, ventilators and hand sanitizers. Despite, growth in value and share of intra-EU regional trade in most of these products by 2021, some countries did not achieve the reduction of vulnerability centrality.

Assessing the risks to valuable medicinal plants in Nepal from human activities and environmental factors

The demand for trade has led to unsustainable harvesting of medicinal plants, causing a decline in their population in natural habitats. This presents a notable problem, however, there is a lack of information regarding the severity of the threat to these resources. To address this, a study was conducted to identify high-value medicinal plants in the Annapurna Conservation Area in Nepal and evaluate their potential endangerment by using the Rapid Vulnerability Assessment method (RVA). The study also calculated the distribution of these plants in different habitats and their population size. Results showed that there were 19 threatened, high-value medicinal plants in the region frequently used by local communities and with high trade values. Rhizome/roots were the most commonly used plant parts (58%), followed by whole plants (37%). The wild population of these plants was found to be low, with varying abundance among different habitats. Overexploitation driven by high trade demand, low population density, and critical life forms were identified as the main threats to these plants. The study placed Dactylorhiza hatagirea and Neopicrorhiza scrophulariiflora in the highest threat category. Effective conservation and management measures, both in-situ and ex-situ, were suggested based on the population and threat status of these high-value medicinal plants.

Manajemen Rantai Pasok Produk Beras di Penggilingan Padi Sumber Baru Kecamatan Sidoarjo, Kabupaten Sidoarjo

Research Objectives 1) To analyze the institutions and supply chain members of the rice commodity in the New Sumber Padi Mill; 2) Analyze the supply chain management of rice commodities at the New Sumber Padi Mill; 3) Analyze supply chain trading margins and value chain analysis at the New Source Rice Mill. The analytical method used is descriptive qualitative analysis, quantitative descriptive analysis, and qualitative design. The institutions and supply chain members involved in the rice supply chain at the Sumber Baru Rice Mill are farmers, middlemen, rice millers, retailers, and consumers. The supply chain channel pattern has three supply chain channel patterns. The product flow occurs from farmers selling grain to rice in the hands of consumers. The financial flow of the two-channel patterns is equally profitable. Then the information flow occurs because each has a two-way flow of information between institutions and supply chain members. The trading system margin for each trading system channel is different. The highest added value is in the rice mill.

Exploring the characteristics and drivers of virtual cropland trade of major agricultural products in China

The trade volume of agricultural products can be used to measure the global flow of virtual cropland. This paper measures the virtual cropland contained in 68 major agricultural products in China, analyzes the changes in China's virtual cropland from 2001 to 2020, and examines the main import and export agricultural product categories of virtual cropland and the main trading countries of virtual cropland. Meanwhile, according to the LMDI model, the driving factors of virtual cropland trade are categorized into five effects, and the driving factors of virtual cropland trade are discussed in depth. The main findings are as follows: the net value of virtual cropland trade is growing rapidly, the import of legume crops is the main source of the net value of virtual cropland trade, and the virtual cropland importing countries are dominated by European and American countries, and the exporting countries are dominated by Asian countries. As for the driving factors, the quality effect and the structural effect play a dampening effect on the net imports of virtual cropland, however, the dampening effect is relatively weak and cannot offset the promotion brought by the other effects. The economic effect is the main driver of virtual net imports of cropland, and the amount of trade in agricultural products also has an important role in promoting virtual imports of cropland, while the demand effect is not significant. It is suggested that China should correctly formulate reasonable cropland management policies and trade strategies, optimize the structure of virtual cropland trade, guarantee national food security and promote sustainable development.

Unraveling the impacts of freight rates on US containerized agricultural trade

AbstractWe examined how the unprecedented rise in freight rates in 2021 affected US containerized agricultural trade. We considered alternative measures of trade (value, volume, container numbers), as well as product, port, and partner‐country characteristics, and conducted separate analyses for exports and imports. Overall, we find that shipping costs have a substantial trade‐reducing effect. On average, 10% higher shipping costs reduce US agricultural export values by 0.58% and import values by 1.72%. For exports, we find a significant negative impact for several product categories. Our results suggest that policies addressing port congestion and shipping rate issues will have heterogenous outcomes.

NATURE OF ECONOMIC SANCTIONS AND REASONS FOR THEIR APPLICATION

Economic sanctions are an important tool of international policy aimed at influencing countries that violate international standards or pursue aggressive policy. The essence of economic sanctions is to restrict trade, financial transactions, and investments to stimulate changes in political or economic behavior of the target country. Grounds for the application of economic sanctions may include human rights violations, annexation of territories, military aggression or other actions that contradict international norms. The international community bodies, such as the UN or the European Union, make decisions on the application of sanctions based on a joint assessment of the situation and the desire to preserve world peace and stability. The effectiveness of economic sanctions is a matter of debate, sometimes they can lead to changes in the country's policy, and sometimes they cause suffering to the population. Within the community of nations, it is important to balance the strategies of sanctions and diplomacy to achieve the desired results while maximizing the positive impact on the geopolitical situation.
 At the stage of searching for widely acceptable agreements in global trade and economic relations, mutual consideration of interests becomes especially important. In modern conditions, these spheres have become the object of unprecedented politicization. Considerable attention is paid to the values of free trade, which nowadays often become hostages of trade conflicts and unfair competition. Recently, sanctions have gained an important role in international economic relations. Motives for applying sanctions, including economic ones, can be diverse and depend on various factors, the main of which are political considerations. In most cases, economic sanctions are determined by political goals that are accomplished through economic pressure.
 The very term "sanctions" and their mechanism in the international sphere combine regulatory, political, and economic aspects, forming the interdisciplinary nature of this phenomenon in theoretical terms.

The Impact of IFRS Mandatory Adoption on the Performance of Saudi Banks

The study aims to determine the impact of IFRS mandatory application on financial and market performance, in the Saudi Arabian banking sector for the period from 2012 to 2021. The results of this study show that there is no relationship between the IFRS mandatory application and each of the rates, return on equity, and return on assets, while there is an inverse relationship with earnings per share. In terms of the effect on the market performance, the study concluded that there is no relationship between the IFRS mandatory application and each of the volume and value of trading, and there is a positive relationship on the growth rate. The study attributed these results to several reasons, the most important of which is the gradual application of the IFRS, which was followed by Saudi Arabia, in accordance with strict executive procedures from the Saudi Arabian Monetary Authority (SAMA).

The Impact of the EU Carbon Border Adjustment Mechanism on China’s Exports to the EU

The EU Carbon Border Adjustment Mechanism (CBAM), which is regarded as the EU’s key policy tool to address carbon leakage, might have a non-negligible impact on China’s exports, as China is an important trading partner for the EU’s carbon-intensive products. This paper uses the GTAP-E model to simulate the impact of the EU CBAM on China’s exports to the EU from four aspects, export price, trade structure, trade value and terms of trade, by setting up multiple scenarios. The results show that the EU CBAM reduces the export prices of China’s taxed sectors to the EU, and that the export prices of other sectors show the same change characteristics. The export volume of China’s taxed sectors decreases differently with the export transfer effect and export inhibition effect. In terms of trade value, the EU carbon tariffs not only reduce China’s export value but also lead to a reduction in EU exports. The implementation of the EU CBAM improves the terms of trade of the EU and worsens the terms of trade of China. An expansion of the scope of taxation and a change in the calculation method of carbon emissions would aggravate the change in the terms of trade. The results suggest that feasible measures should be taken to strengthen international cooperation, promote the construction of a unified national carbon market and export diversification, and establish a firm carbon emission accounting system in order to mitigate the negative impact of the EU CBAM.

Constraints on women pilots in airline industry: A rising sector of international trade

Commercial airlines of air transportation have been going through a number of enormous changes since the 1980's with the impact of globalization in the whole world. Similarly, Türkiye participating in the globalization process has been deeply affected by the norms and values of international trade. This article focuses mainly on one of the changes, the access of women in a totally men dominated area, piloting in commercial airlines by considering liberal feminism as theoretical framework. In the era of globalization, in addition to the constraints, they have to struggle against their men colleagues. By means of semi-structured in-depth interviews, the study investigates initially the difficulties that women face due the negative attitude of their parents when they declare their ambition to become pilot. Moreover, it focuses on the prejudiced attitude of their trainers during their education period. Furthermore, it explores all the barriers constructed against women after obtaining their license. They are initially private sphere constraints due to their role as a wife and mother. Next, obstacles in work sphere caused by their administrators, their men counterparts, namely FO's and captains, flight attendants and passengers. Finally, the study concludes by providing solutions and recommendations in order that women can participate in that profession in large numbers and confront with all the gender stereotypes in piloting.

The Indonesia-Malaysia Confrontation and Its Impact on Penang Port, 1963-1966

The relationship between Malaysia and Indonesia had already shown conflict since before the confrontation, or konfrontasi. However, after the proposal for the formation of Malaysia was first announced by Tunku Abdul Rahman, the then-Chief Minister of the Federation of Malaya, the relationship between the two countries experienced a period of significant and prominent conflict. This study discusses the Indonesia-Malaysia confrontation and its impact on Penang Port from 1963 to 1966. This study was conducted using qualitative method, specifically the analysis of documents and manuscripts. The references used are primary sources comprising British records and Malaysian official records, while the secondary sources comprise journals, articles, scholarly books, newspapers, and magazines. The economic relationship between Malaysia and Indonesia was severely damaged during the confrontation. The number of imports and exports involving Indonesia at the Penang Port decreased drastically, but did not stop during the confrontation. Nonetheless, upon comparing the overall growth value of trade at Penang Port during the confrontation, the decrease in the amount of trade that occurred between Indonesia and Penang Port was not very significant. Also, this decrease was not mainly caused by the confrontation, but by the sudden drop in iron ore exports. In conclusion, the slight decrease in the total trade at Penang Port during the confrontation was not solely caused by the confrontation itself and the impact on the whole trade performance at Penang Port in the said period was not that significant.

The impact of digital trade rule networks on the advancement of global value chains in the Internet era

Abstract In the context of the digital era, global value chains are facing unprecedented reconstruction and upgrading. The development of global trade is influenced by the importance of digital trade in upgrading the status of global value chains. Based on the research of digital trade and global value chain theory, we construct a mechanism model of digital trade to enhance the status of the global value chain and measure digital trade and global value chain by combining the multi-indicator panel hierarchical factor analysis method and the trade value-added accounting method, respectively. Benchmark regression analysis of digital trade and global value chain status indices of major economies is used to explore the impact of digital trade on the status of global value chains. There is a positive correlation between the level of digital trade and the GVC status index, with the GVC status index increasing by 1.6 percentage points for every 1 percentage point increase in the level of digital trade. The level of digital trade has a positive impact on the GVC position of both developed and developing economies. For every 1% increase in the level of digital trade, the GVC position index of developed and developing economies increases by 2.5% and 1.7%, respectively.

The Influence of social network models on e-commerce: A comparison between Wechat and Bilibili

E-commerce are popular these days. While different social media may adopt different social network models, it actually made rules for how people are interacted with one-another on these platforms, and influences how people receive different messages about products. And different ways marketers engage with customers on social platforms influence the e-commerce situation or value of trade on platforms. This essay aims to evaluate the influence of social network models on e-commerce by making a comparison between WeChat and Bilibili, which are two famous social media in China. This essay will first explain some social network frames, and then will examine the operating mechanism of WeChat and Bilibili and how they are related to value of trade on these platforms. It is shown clearly that different ecommerce social networks lead to different results in ecommerce income. Wechat focus on 1 to 1 social mode and building ecommerce on the relationship between merchants and customers while Bilibili focus on building communities which eventually leads to community economy. This research result may help platform builders and merchants to choose their own strategies in ecommerce.

Climate Cha(lle)nges in global wine production and trade patterns

The global wine trade is interested by significant changes since a few decades, due to new productive scenarios induced by climate change and to (rapidly) evolving trade and policy regimes. We investigate how these changes are altering trade dynamics. Following a gravity-type approach, we find that higher temperatures are beneficial for the terms of trade, and are boosting trade values. As for policy interventions, the impact of technical measures on trade values is heterogeneous across objectives: While technical measures tend to friction trade, the environment-related policies show pro-trade effects.