This paper meant to analyze the spatial evolution of a large country in its process of integration with the world economy in general, and, to look into the possible effect of China′s accession into WTO on the future ...This paper meant to analyze the spatial evolution of a large country in its process of integration with the world economy in general, and, to look into the possible effect of China′s accession into WTO on the future development of its spatial economy in particular. Through an approach of increasing returns, external economy, product differentiation and path-dependence, with foreign trade costs incurred by different regions within the large country discriminated, a model of investment and employment flow is developed as a simulation of a large country′s process of integration with the world economy. The modeling indicates that in the process of integration, as there exist differences in foreign trade costs among different regions within the large country, either the spatial economy of the country deviates from its symmetric structure in autarky and falls into a core-periphery relationship, or the effect of industrial agglomeration is reinforced, amplified and locked in, if the agglomeration had been started. The economic gap on either the aggregate or structural basis between different regions within the large country will increase rapidly as the integration proceeds.展开更多
Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibriu...Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibrium relationship between foreign trade and economic growth, and the economic growth is the Granger cause of trade import. Since 1979, rapid growth of economy motivates the expansion of trade import, but the pulling effect of import on economic growth is not evident. In addition, trade import promotes economic growth in the long run. But we can see that from the economic data in Shanghai that the promotion has not become the source motivate force of growth for trade expert.展开更多
Cross border traders make a major contribution to the growth of economies in Southern Africa. Cross border trade is a source of livelihood for many poor people, especially women. However, few studies examined challeng...Cross border traders make a major contribution to the growth of economies in Southern Africa. Cross border trade is a source of livelihood for many poor people, especially women. However, few studies examined challenges facing cross border traders and future business prospects.The aim of this paper is to examine the challenges that face Zimbabwean cross border traders in South Africa. The paper goes further to review existing literature as well as empirical studies in order to identify the major challenges that face Zimbabwean cross border traders. Among the challenges noted are crime, harassment due to xenophobia, traders are often stigmatized as ＂prostitutes＂ or ＂smugglers＂, accommodation problems, extortion and bribery by the South African Police and municipal police officials, delays at the border post during peak periods and banks that close early and also do not operate on Sundays. The Zimbabwean Cross Border Traders Association should build office in Musina and Johannesburg so that members can easily consult with the association in times of problems and also help with marketing information like distribution of brochures showcasing Zimbabwean products sold by cross border traders and also organize fairs where Zimbabwean traders can display their products. Furthermore cases of harassment by police officials should be investigated and dealt with. Banks that do have branches at the border posts are also urged to provide 24 hour service to cross border traders.展开更多
World trade growth slid to 5.5 per- cent last year from 8.5 percent in 2006 and may grow even more slowly in 2008-at about 4.5 percent-as sharp economic deceleration in key developed countries is only partly offset by...World trade growth slid to 5.5 per- cent last year from 8.5 percent in 2006 and may grow even more slowly in 2008-at about 4.5 percent-as sharp economic deceleration in key developed countries is only partly offset by continuing strong growth in emerging economies。展开更多
This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. Ho...This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.展开更多
This study investigates the causal relationship among financial development, trade openness, and economic growth in Zambia from 1965 to 2011. Two measures of financial development were used： broad money and domestic ...This study investigates the causal relationship among financial development, trade openness, and economic growth in Zambia from 1965 to 2011. Two measures of financial development were used： broad money and domestic credit to the private sector, each as a ratio of gross domestic product （GDP）. In this regard, two models were developed for each indicator. The Augmented Dickey-Fuller （ADF） and Phillips-Perron （PP） tests were used to determine stationarity of all the variables. Furthermore, Johansen test was employed to ascertain possible cointegration among variables. The vector error correction model （VECM） was employed to examine the short-run and long-run dynamics among the variables in each model. The results indicate that the relationship among financial development, trade openness, and economic growth is sensitive to the financial development indicator chosen.展开更多
Based on the latest approach for measuring technology content of import of services and with the contribution of total factor productivity(TFP) to gross industrial output as the indicator for measuring the growth patt...Based on the latest approach for measuring technology content of import of services and with the contribution of total factor productivity(TFP) to gross industrial output as the indicator for measuring the growth pattern of China's industrial economy,this paper provides an empirical study on the effect of import technology content of trade in services on the development pattern of China's industrial economy between 2004 and2011.Result of econometric test reveals that the technology content of import of services has a significant positive effect on transforming the growth pattern of China's industrial economy.Moreover,import of new types of trade in services with high technology such as computer and information services has a much stronger positive effect compared with import of traditional trade in services with relatively low technology content such as transport.In terms of different industrial sectors,technology content of import of services has the greatest effect on transforming the development pattern of China's technologyintensive industrial sectors,followed by capital-intensive,resource-intensive and laborintensive sectors respectively.Transformation of the development pattern of China's industrial economy cannot be isolated from the system of global division of work.Against the backdrop of global service sector fragmentation,China should take the important opportunities in the development of global trade in services and give more attention to improving the quality of import of services in the interest of transforming the development pattern of its industrial economy.展开更多
This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from t...This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from the core of the economic crisis to its periphery which is closely-related with it.The trade crisis corresponding to the US subprime crisis spreads faster than before,which has struck worldwide foreign trade.In order to get the main factors affecting trade crisis,the authors construct composite indices which are proxies of economic growth and price levels of internal and external regions.The results of logistic and linear panel models show that economic growth affects more to trade cycle than price level.The results of panel models with dummy variable of trade crisis show that the outside economic growth do bad to the recovery of internal foreign trade during trade crisis corresponding to Mexican peso crisis,the Asian financial crisis and the Russian debt crisis,while the opposite is true during the internet bubble burst and the US subprime crisis.展开更多
文摘This paper meant to analyze the spatial evolution of a large country in its process of integration with the world economy in general, and, to look into the possible effect of China′s accession into WTO on the future development of its spatial economy in particular. Through an approach of increasing returns, external economy, product differentiation and path-dependence, with foreign trade costs incurred by different regions within the large country discriminated, a model of investment and employment flow is developed as a simulation of a large country′s process of integration with the world economy. The modeling indicates that in the process of integration, as there exist differences in foreign trade costs among different regions within the large country, either the spatial economy of the country deviates from its symmetric structure in autarky and falls into a core-periphery relationship, or the effect of industrial agglomeration is reinforced, amplified and locked in, if the agglomeration had been started. The economic gap on either the aggregate or structural basis between different regions within the large country will increase rapidly as the integration proceeds.
文摘Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibrium relationship between foreign trade and economic growth, and the economic growth is the Granger cause of trade import. Since 1979, rapid growth of economy motivates the expansion of trade import, but the pulling effect of import on economic growth is not evident. In addition, trade import promotes economic growth in the long run. But we can see that from the economic data in Shanghai that the promotion has not become the source motivate force of growth for trade expert.
文摘Cross border traders make a major contribution to the growth of economies in Southern Africa. Cross border trade is a source of livelihood for many poor people, especially women. However, few studies examined challenges facing cross border traders and future business prospects.The aim of this paper is to examine the challenges that face Zimbabwean cross border traders in South Africa. The paper goes further to review existing literature as well as empirical studies in order to identify the major challenges that face Zimbabwean cross border traders. Among the challenges noted are crime, harassment due to xenophobia, traders are often stigmatized as ＂prostitutes＂ or ＂smugglers＂, accommodation problems, extortion and bribery by the South African Police and municipal police officials, delays at the border post during peak periods and banks that close early and also do not operate on Sundays. The Zimbabwean Cross Border Traders Association should build office in Musina and Johannesburg so that members can easily consult with the association in times of problems and also help with marketing information like distribution of brochures showcasing Zimbabwean products sold by cross border traders and also organize fairs where Zimbabwean traders can display their products. Furthermore cases of harassment by police officials should be investigated and dealt with. Banks that do have branches at the border posts are also urged to provide 24 hour service to cross border traders.
文摘World trade growth slid to 5.5 per- cent last year from 8.5 percent in 2006 and may grow even more slowly in 2008-at about 4.5 percent-as sharp economic deceleration in key developed countries is only partly offset by continuing strong growth in emerging economies。
文摘This paper divides the history of global trade since 1000AD into three periods using Rahl Prebisch＇s center-periphery pattern and summarizes the effects of resource trade on periphery economies during each period. However, this paper argues that the resource curse paradox does not justify isolation between developing and developed countries. On the contrary, developing countries should be encouraged to integrate into the existing center-periphery pattern and achieve economic growth through resource trade. This paper supplements the existing literature＇s analysis of resource endowment＇s role in global trade and offers recommendations for resource-rich developing countries to avoid the resource curse, identify a viable path to development, and achieve sustainable development by harnessing natural resources more productively.
文摘This study investigates the causal relationship among financial development, trade openness, and economic growth in Zambia from 1965 to 2011. Two measures of financial development were used： broad money and domestic credit to the private sector, each as a ratio of gross domestic product （GDP）. In this regard, two models were developed for each indicator. The Augmented Dickey-Fuller （ADF） and Phillips-Perron （PP） tests were used to determine stationarity of all the variables. Furthermore, Johansen test was employed to ascertain possible cointegration among variables. The vector error correction model （VECM） was employed to examine the short-run and long-run dynamics among the variables in each model. The results indicate that the relationship among financial development, trade openness, and economic growth is sensitive to the financial development indicator chosen.
基金sponsored by China Post-doctoral Scientific Research Foundation under the program of Research on the Effect of Trade in Services on Promoting the Position of the Yangtze Delta Region in International Division of Work(Approval No.2013M530809)key program of provincial cultural and socialsciences research of institutes of higher learning in Anhui Province Research on Developing New Advantages of Anhui's Open Economy(Approval No.SK2013ZD01)+1 种基金National Social Sciences Foundation Program Research on the Effect of Non-equity Arrangements on the Overseas Investment of Chinese Enterprises and Relevant Policies(Approval No.12BGJ039)as well as Cultural and Social Sciences Research Program of the Ministry of Education Research on the Transformation of China's ODI based on Intra-product Division of Work(Approval No.12YJC790288)
文摘Based on the latest approach for measuring technology content of import of services and with the contribution of total factor productivity(TFP) to gross industrial output as the indicator for measuring the growth pattern of China's industrial economy,this paper provides an empirical study on the effect of import technology content of trade in services on the development pattern of China's industrial economy between 2004 and2011.Result of econometric test reveals that the technology content of import of services has a significant positive effect on transforming the growth pattern of China's industrial economy.Moreover,import of new types of trade in services with high technology such as computer and information services has a much stronger positive effect compared with import of traditional trade in services with relatively low technology content such as transport.In terms of different industrial sectors,technology content of import of services has the greatest effect on transforming the development pattern of China's technologyintensive industrial sectors,followed by capital-intensive,resource-intensive and laborintensive sectors respectively.Transformation of the development pattern of China's industrial economy cannot be isolated from the system of global division of work.Against the backdrop of global service sector fragmentation,China should take the important opportunities in the development of global trade in services and give more attention to improving the quality of import of services in the interest of transforming the development pattern of its industrial economy.
文摘This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from the core of the economic crisis to its periphery which is closely-related with it.The trade crisis corresponding to the US subprime crisis spreads faster than before,which has struck worldwide foreign trade.In order to get the main factors affecting trade crisis,the authors construct composite indices which are proxies of economic growth and price levels of internal and external regions.The results of logistic and linear panel models show that economic growth affects more to trade cycle than price level.The results of panel models with dummy variable of trade crisis show that the outside economic growth do bad to the recovery of internal foreign trade during trade crisis corresponding to Mexican peso crisis,the Asian financial crisis and the Russian debt crisis,while the opposite is true during the internet bubble burst and the US subprime crisis.
