The direct and indirect immensely contributions of free trade blocs/single market integration to the steadilygrowth of developed emergence and least developed economies are unmeasurable. The increasing insatiable dema...The direct and indirect immensely contributions of free trade blocs/single market integration to the steadilygrowth of developed emergence and least developed economies are unmeasurable. The increasing insatiable demand and approval of the free trade model by almost all of the six continents to enhance their economic development has proved that its benefits have indeed outweighed the challenges. Therefore, this research just like the other internationally recognised literatures on this market system, intends to analysis the impacts of the important/dos, don’ts, opportunities, prospects and other important factors of the recent AU member States unanimously endorsement of AfFCTA’s implementation, will have on Ghana’s maritime industry. The possible quantitative findings in this study do uphold its immensely potential benefits impact on the African and Ghana’s maritime industry development and at the same time, indicate an irresistible gap pertaining to the downward progress of its implementation within the sector. These findings have apparently revealed that loss of revenue from scrapping off customs tariffs carries the highest percentage of all the challenges facing AfCFTA’s implementation and recommend that there must be an effective investment-oriented measures-FDI in harnessing the opportunities and prospects embedded in AfCFTA so as to accelerate Ghana’s maritime industry development in its implementation process.展开更多
While financial or trade integration between countries may mcrease the size of the market and aid the adoption of more advanced technologies, will it also increase the level of urban unemployment for a developing coun...While financial or trade integration between countries may mcrease the size of the market and aid the adoption of more advanced technologies, will it also increase the level of urban unemployment for a developing country? In this model, there is unemployment in the urban sector. Manufacturing firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Financial firms provide capital to manufacturing firms and they also engage in oligopolistic competition. We show that an increase in the wage rate in the manufacturing sector changes neither the level of technology nor the level of employment in the manufacturing sector. While financial or trade integration between developing countries leads manufacturing firms to adopt more advanced technologies, the level and rate of employment in the manufacturing sector will not deteriorate.展开更多
We investigate changes in Asia's regional and global trade linkages and their influence on macroeconomic relationships among Asia, Europe and the USA. We first document changes in tripartite trade patterns and discus...We investigate changes in Asia's regional and global trade linkages and their influence on macroeconomic relationships among Asia, Europe and the USA. We first document changes in tripartite trade patterns and discuss sO, lized facts about East Asia "s trade structure, with particular focus on the role of China. China plays a critical role in the rapidly expanding intra-Asian trade as an assembly and produetion center that supplies final goods for the advanced economies. However, China "s trade shares in final goods with East Asia and in parts and components with Europe and the USA are rising, suggesting that the region "s production chains are becoming increasingly integrated into the global business network. Empirical results from a panel vector autoregression model generally confirm increasingly mutual macroeconomic interdependence among East Asia, Europe and the USA. The findings suggest a future role for Asia as an important trade partner and balancing power in the world economy.展开更多
The implementation of strategic docking between Silk Road Economic Bclt and the Eurasian Economic Union(the Union)is of great significance to facilitate the stable expansion of bilateral trade volume,diversification i...The implementation of strategic docking between Silk Road Economic Bclt and the Eurasian Economic Union(the Union)is of great significance to facilitate the stable expansion of bilateral trade volume,diversification in major areas of trade,and the continual improvement of technical content level of trade products.This paper first uses the revealed comparative advantage index to study the competitiveness of industries with different technical levels for China and the Union member countries.Then,the trade complementarity and trade integration between China the Union member countries are studied by using the trade complementarity index and trade intensity index.Based on these results,the paper gives some advice on expanding and deepening the bilateral cconomic and trade cooperation.展开更多
Virtual power plant(VPP)aggregates large amounts of distributed energy and controllable loads.The comprehensive consideration of carbon emissions and electricity transactions has great significance in improving the VP...Virtual power plant(VPP)aggregates large amounts of distributed energy and controllable loads.The comprehensive consideration of carbon emissions and electricity transactions has great significance in improving the VPP operation’s economic efficiency.In this paper,the bidding strategy of the VPP by considering the carbon-electricity integration trading in an auxiliary service(AS)market is studied.First of all,the basic structure and operating features of the VPP are briefly introduced.Then,the bidding strategy model of carbon-electricity integration trading in an auxiliary service market is proposed and the corresponding objective function and the constraint conditions are also analyzed.Furthermore,the GAMS solver is utilized to give the optimal solution of the bidding strategy model.Finally,the effectiveness of the bidding strategy of a VPP based on the consideration of carbon-electricity integration trading is verified through simulation cases.展开更多
文摘The direct and indirect immensely contributions of free trade blocs/single market integration to the steadilygrowth of developed emergence and least developed economies are unmeasurable. The increasing insatiable demand and approval of the free trade model by almost all of the six continents to enhance their economic development has proved that its benefits have indeed outweighed the challenges. Therefore, this research just like the other internationally recognised literatures on this market system, intends to analysis the impacts of the important/dos, don’ts, opportunities, prospects and other important factors of the recent AU member States unanimously endorsement of AfFCTA’s implementation, will have on Ghana’s maritime industry. The possible quantitative findings in this study do uphold its immensely potential benefits impact on the African and Ghana’s maritime industry development and at the same time, indicate an irresistible gap pertaining to the downward progress of its implementation within the sector. These findings have apparently revealed that loss of revenue from scrapping off customs tariffs carries the highest percentage of all the challenges facing AfCFTA’s implementation and recommend that there must be an effective investment-oriented measures-FDI in harnessing the opportunities and prospects embedded in AfCFTA so as to accelerate Ghana’s maritime industry development in its implementation process.
文摘While financial or trade integration between countries may mcrease the size of the market and aid the adoption of more advanced technologies, will it also increase the level of urban unemployment for a developing country? In this model, there is unemployment in the urban sector. Manufacturing firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Financial firms provide capital to manufacturing firms and they also engage in oligopolistic competition. We show that an increase in the wage rate in the manufacturing sector changes neither the level of technology nor the level of employment in the manufacturing sector. While financial or trade integration between developing countries leads manufacturing firms to adopt more advanced technologies, the level and rate of employment in the manufacturing sector will not deteriorate.
文摘We investigate changes in Asia's regional and global trade linkages and their influence on macroeconomic relationships among Asia, Europe and the USA. We first document changes in tripartite trade patterns and discuss sO, lized facts about East Asia "s trade structure, with particular focus on the role of China. China plays a critical role in the rapidly expanding intra-Asian trade as an assembly and produetion center that supplies final goods for the advanced economies. However, China "s trade shares in final goods with East Asia and in parts and components with Europe and the USA are rising, suggesting that the region "s production chains are becoming increasingly integrated into the global business network. Empirical results from a panel vector autoregression model generally confirm increasingly mutual macroeconomic interdependence among East Asia, Europe and the USA. The findings suggest a future role for Asia as an important trade partner and balancing power in the world economy.
基金This work was supported by The Key Project of The National Social Sciences Fund of China(No.14AGJ013)。
文摘The implementation of strategic docking between Silk Road Economic Bclt and the Eurasian Economic Union(the Union)is of great significance to facilitate the stable expansion of bilateral trade volume,diversification in major areas of trade,and the continual improvement of technical content level of trade products.This paper first uses the revealed comparative advantage index to study the competitiveness of industries with different technical levels for China and the Union member countries.Then,the trade complementarity and trade integration between China the Union member countries are studied by using the trade complementarity index and trade intensity index.Based on these results,the paper gives some advice on expanding and deepening the bilateral cconomic and trade cooperation.
文摘Virtual power plant(VPP)aggregates large amounts of distributed energy and controllable loads.The comprehensive consideration of carbon emissions and electricity transactions has great significance in improving the VPP operation’s economic efficiency.In this paper,the bidding strategy of the VPP by considering the carbon-electricity integration trading in an auxiliary service(AS)market is studied.First of all,the basic structure and operating features of the VPP are briefly introduced.Then,the bidding strategy model of carbon-electricity integration trading in an auxiliary service market is proposed and the corresponding objective function and the constraint conditions are also analyzed.Furthermore,the GAMS solver is utilized to give the optimal solution of the bidding strategy model.Finally,the effectiveness of the bidding strategy of a VPP based on the consideration of carbon-electricity integration trading is verified through simulation cases.