Does the US–China trade war increase poverty in a developing country? A dynamic general equilibrium analysis for Indonesia

Nugroho, Anda; Widyastutik,; Irawan, Tony; Amaliah, Syarifah

doi:10.1016/j.eap.2021.05.008

Cited by 13 publications

(10 citation statements)

References 24 publications

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“…The impact of the trade war is channeled into the Indonesian economy through trade diversion, increasing the terms of trade country'sand ultimately increasing returns on the main factors owned by households. However, Indonesia's income inequality may increase because the increase in the real income of high-income households exceeds the increase in the real income of low-income households (Nugroho et al 2021). In line with that (Jiao 2021) said people who work and generate income from non-agriculture can lift households out of poverty and provide means to improve health and quality of life.…”

Section: A Povertymentioning

confidence: 97%

Social Culture And Economic Development In The Batak Angkola Community In Padang Lawas Utara

Siregar

2021

ADPEBI International Journal of Business and Social Science

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Economic development is an effort to reduce poverty in order to achieve prosperity through increased income. Economic development can be influenced by economic, social and environmental factors. This study aims to identify the socio-cultural relationship with economic development through a literature study with the object of the Batak Angkola community in North Padang Lawas district. The results of the study indicate that in theory the socio-cultural environment has a relationship with economic development. The socio-cultural environment includes traditional ceremonies such as birth customs, marriage customs and death customs. In addition, poverty, human resources and capital formation are also related to the success of economic development. This local wisdom is still ongoing today because the Batak Angkola people adhere to the philosophy of Hamoraon, Hasangapon, Hagabeon

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Section: A Povertymentioning

confidence: 97%

Social Culture And Economic Development In The Batak Angkola Community In Padang Lawas Utara

Siregar

2021

ADPEBI International Journal of Business and Social Science

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“…From the economic aspect, a trade war is an economic conflict manifested by imposing restrictions on imports and exports between countries, such as import tariffs on goods, import bans on certain goods, and setting high standards on imported goods. The main determinant of the trade war was the high US trade deficit contributed by China, followed by the action of imposing each country's respective import-export policies (Nugroho et al, 2021;Shi et al, 2021). This trade war had a negative impact on the Chinese economy; retail sales in July 2019 decreased to 7.6%, lower than expectation of 8.6%, while the unemployment rate increased to 5.3% compared to June, which was only 5.1 % (Cui & Li, 2021;Nugroho et al, 2021;Shi et al, 2021;Xu & Lien, 2020).…”

Section: Literature Review and Theoretical Basis 21 The Us-china Trade Warmentioning

confidence: 99%

“…The main determinant of the trade war was the high US trade deficit contributed by China, followed by the action of imposing each country's respective import-export policies (Nugroho et al, 2021;Shi et al, 2021). This trade war had a negative impact on the Chinese economy; retail sales in July 2019 decreased to 7.6%, lower than expectation of 8.6%, while the unemployment rate increased to 5.3% compared to June, which was only 5.1 % (Cui & Li, 2021;Nugroho et al, 2021;Shi et al, 2021;Xu & Lien, 2020). It is undeniable that the US-China are two countries with the largest economies in the world, so the dispute between the two affects the economic conditions of other countries, especially their main trading partner countries.…”

Section: Literature Review and Theoretical Basis 21 The Us-china Trade Warmentioning

confidence: 99%

“…The research design used is to collect all the potential driving factors multidimensionally, namely financial and market performance, economic conditions, and government interventions due to the US-China trade war. Previous studies on the trade war tend to focus on aspects of who wins and who loses the war (An, Mikhaylov, & Richter, 2020;Nugroho, Irawan, & Amaliah, 2021) and the impact of the war on poverty, bankruptcy, and crises (Cui & Li, 2021;Shi, Wang, & Ke, 2021;Wu & Turvey, 2021;Xu & Lien, 2020). The impact of country-level financial immunity on the US-China trade war has never been studied, especially in developing countries like Indonesia.…”

Section: Introductionmentioning

confidence: 99%

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Financial immunity of companies from Indonesian and Shanghai stock exchange during the US-China trade war

Wijaya

Zunairoh

Eriandani

et al. 2022

Heliyon

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This is a PDF file of an article that has undergone enhancements after acceptance, such as the addition of a cover page and metadata, and formatting for readability, but it is not yet the definitive version of record. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article. Please note that, during the production process, errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain.

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“…The impact of the tariffs imposed most worrying effect with a trade dispute the global recession (Steinbock, 2018). In addition to the negative impact, the trade war is an opportunity and a challenge for the Indonesian state to take over exports to the two countries (Nugroho, Irawan, & Amaliah, 2021). The Americas and China were involved in a trade war that began in early 2018 when the then-US President raised import duties on goods imported from China (Carvalho, Azevedo, & Massuquetti, 2019).…”

Section: Asian Economic and Business Developmentmentioning

confidence: 99%

Will the US-China Trade War’s Abnormal Returns From China Have an Effect on the Chinese Economy?

Lidia¹

2022

AEBD

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This studies objective is to look at China's abnormal return in the event of a tariff war between the US and China. Data categories that are quantitative, or that can be expressed as numbers or ratos, are used in this study and uses utilizes auxiliary data sources in the form of historical data from all countries recorded on the data.worldbank.org website. The kind of data used is annual data series and will be adjusted to the factors affected by the tariff war between America and China. The VAR Analysis Model through the ADF Unit Root Test using the variables GDP, Tariff (TAX), and Exchange Rate (REX) in China from 1990 to 2021 is one of the data analysis strategies utilized in this study. We found that China's GDP is significantly positively to the Chinese exchange rate. Both China's own exchange rate and its tariffs are significantly influenced favorably by China's exchange rate. The tariffs applied by China have a significant negative correlation, which means that the increase in China's tariffs injures China's own economy. However, the rate at which the Chinese currency is exchanged and tariffs in China are significantly positively correlated. The trade war with the USA is not only bad for the global economy but also bad for the Chinese economy. And likely get a detrimental effect into the US economy.

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Does the US–China trade war increase poverty in a developing country? A dynamic general equilibrium analysis for Indonesia

Cited by 13 publications

References 24 publications

Social Culture And Economic Development In The Batak Angkola Community In Padang Lawas Utara

Social Culture And Economic Development In The Batak Angkola Community In Padang Lawas Utara

Financial immunity of companies from Indonesian and Shanghai stock exchange during the US-China trade war

Will the US-China Trade War’s Abnormal Returns From China Have an Effect on the Chinese Economy?

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