Determinants of regional trade agreements: Global evidence based on gravity models

Jámbor, Attila; Gal, Peter; Török, Áron

doi:10.14254/2071-8330.2020/13-1/3

Cited by 9 publications

(4 citation statements)

References 22 publications

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“…The low competitiveness of Indonesian cocoa beans in the global market due to the enactment of cocoa export duties and the low quality of non-fermented cocoa bean exports caused asymmetrical interactions between the domestic Indonesian and world cocoa markets (Witjaksono and Asmin 2016;Hasibuan and Sayekti 2018). Meanwhile, the establishment of a regional trade treaty among the cocoa producers reduced competition in the world cocoa market (Jambor, Gal, and Torok 2020). Generally, our findings also demonstrate the sensitivity of Indonesian net export, macroeconomic policies, and market flux to the changes in foreign currency of the USD.…”

Section: The Long-run Impacts Of European Cocoa Price Inflation Global Oil Prices and Exchange Rate On The Indonesian Cocoa Pricesupporting

confidence: 66%

A Comparative Analysis of Dynamic Interactions between European and Indonesian Cocoa Markets during the 2008 Global Financial Crisis and the 2011 European Debt Crisis

Mukhlis

Majid²,

Syahnur

et al. 2021

CER

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This study empirically explores the dynamic interactions between the European and Indonesian cocoa markets during the 2008 global financial crisis (GFC) and the 2011 European debt crisis (EDC) using a battery of time series approaches of cointegration and multivariate Granger causality. The study documented a long-run equilibrium between the European and Indonesian cocoa markets, implying a reciprocal relationship. However, an inefficient adjustment transmission in the Indonesian cocoa prices was recorded throughout the study. The US currency constantly influenced Indonesian cocoa prices, while cocoa markets were independent of fluctuations in world oil prices. Overall, the study recorded a different level of the speed of adjustment of short-run imbalances to long-run equilibrium in the domestic cocoa market across economic crises.

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Section: The Long-run Impacts Of European Cocoa Price Inflation Global Oil Prices and Exchange Rate On The Indonesian Cocoa Pricesupporting

confidence: 66%

A Comparative Analysis of Dynamic Interactions between European and Indonesian Cocoa Markets during the 2008 Global Financial Crisis and the 2011 European Debt Crisis

Mukhlis

Majid²,

Syahnur

et al. 2021

CER

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“…It was found that, according to factors contributing to the increase in RTAs analysis, the usage of common languages and the influence of distances play an essential role. On the other side, geographical indication does not play a significant role in regional trade agreements (Jámbor et al 2020). Moreover, it has been proven that countries trade with each other based on the size of their GDP, population, cultural affinity, institutional support and physical proximity (Jindřichovská 2020).…”

Section: Literature Analysismentioning

confidence: 99%

Import Risks of Agricultural Products in Foreign Trade

Baranauskaitė

Jurevičienė

2021

Economies

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This paper aims to identify the main risk groups according to their significance on imports of agricultural products. After analysis of the scientific literature, eight groups of risks associated with agricultural products import were determined: supply risks, demand risks, production risks, management plus operational risks, logistical plus infrastructural risks, political risks, policy plus regulatory risks and financial risks. In order to assess the importance of all import risk groups, three Multicriteria decision support methods (MCDM)—SAW, TOPSIS and Geometric means—for expert evaluation are used. The article introduces a new import risks assessment framework CIRA (Country’s Imports Risk Assessment) contributing to the systematic approach of a country’s international trade risks management. The results order risk groups according to their importance in the following order: production (the most crucial risk group), logistical plus infrastructural, financial, management plus operational, political, supply, policy plus regulatory and demand risks.

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“…The fundamental weakness of terminology is that the terms need to meet with two opposite requirements: they need to be fixed, but they need to remain flexible in order to cope with technological and other changes (Vasa, 2010;Ercsey-Ravasz et al, 2012;Vladár, 2013;Dziubanovska, 2019;Vajda, 2020). Theoretical research focusing on regional trade systems are fundamental in this regard (Jámbor et al, 2020)…”

Section: International Trade Terminologymentioning

confidence: 99%

International Chamber of Commerce Rules for Trade Terms - The Terminological Approach

Zsuzsa¹,

Constantinovits²,

Васа³

2021

IJEBA

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Purpose: The rules of International Commercial Terms (Incoterms) define the important element of the international sales contract, the so-called parity. The parity means the place, where the cost and risks are handed over from the seller to the buyer. In this paper, we would like to answer to following questions: What are the principles of the terminological system of Incoterms editions following each other? What is the difference between the logic of the creators of terminology and its users? How does change the relationship of users and International Chamber of Commerce (ICC) in the mirror of terminological changes? Approach/Methodology/Design: We demonstrate and analyze the modifications of Incoterms rules updated in the last 40 years focusing on the development of theory and practice of trade terminology. Terminological theoretical frame is used in this paper. Findings: The Incoterms were based in the first phase on historical principle, in the second phase on logical principle, in the third phase on functional principle. The creators of terminology must build a structure based on strict logic, eliminating the historical perspective, not making a difference between the original old and the artificially created new ones. The users preferred the old ones, building a structure using them to create a terminological structure. The ICC for a long time intended to force its own system in prescriptive method, but from the 2010 edition, it has concluded a compromise accepting the logic of everyday usage based on tradition in the 2020 edition. Practical Implications: The paper gives a short overview of the rules of international trade from a terminological point of view. Originality/Value: The changes of Incoterms have been investigated from legal, risk management, and logistical points of view but there is still now a gap in the research of Incoterms concerning the terminological perspective. Terminological analysis with its new instruments and view can reveal the principles of building the terminology, can mirror the changes of the power shifting.

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Determinants of regional trade agreements: Global evidence based on gravity models

Cited by 9 publications

References 22 publications

A Comparative Analysis of Dynamic Interactions between European and Indonesian Cocoa Markets during the 2008 Global Financial Crisis and the 2011 European Debt Crisis

A Comparative Analysis of Dynamic Interactions between European and Indonesian Cocoa Markets during the 2008 Global Financial Crisis and the 2011 European Debt Crisis

Import Risks of Agricultural Products in Foreign Trade

International Chamber of Commerce Rules for Trade Terms - The Terminological Approach

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