Skip to main content

Tipp

Weitere Kapitel dieses Buchs durch Wischen aufrufen

2021 | OriginalPaper | Buchkapitel

9. The Role of Sustainability and Policy Measures in Export Performance

verfasst von : Shubham Kumar, Tapas Kumar Giri

Erschienen in: Indian Agriculture Under the Shadows of WTO and FTAs

Verlag: Springer Singapore

share
TEILEN

Abstract

There have been significant changes in the international trade policy regime in recent years, along with an increasing emphasis on policy alignment and sustainability-related issues. The paper aims to empirically examine the role of sustainability and policy measures in influencing export performance. The study uses the stochastic frontier approach to estimate gravity equation on the export performance of 10 leading world exporters from the Asia Pacific Economic Cooperation (APEC) region over the time period 2012–2017. While the absolute difference in real exchange rates shows trade-inhibiting effects, estimates for reduced tariffs and interdependence among economies suggest trade-enhancing effects and significance in all specifications. There is a conspicuous difference in the export performance from the perspective of intra-regional and inter-regional trade. The study underscores the important role of regional trading blocs in policy alignment and sustainable development.

Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 69.000 Bücher
  • über 500 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt 90 Tage mit der neuen Mini-Lizenz testen!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 58.000 Bücher
  • über 300 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko





Jetzt 90 Tage mit der neuen Mini-Lizenz testen!

Literatur
Zurück zum Zitat Aigner, D., Lovell, C. A. K., & Peter, S. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21–37. CrossRef Aigner, D., Lovell, C. A. K., & Peter, S. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21–37. CrossRef
Zurück zum Zitat Anderson, J. E., & Van Wincoop, E. (2003). Gravity with gravitas: A solution to the border puzzle. American Economic Review, 93(1), 170–192. CrossRef Anderson, J. E., & Van Wincoop, E. (2003). Gravity with gravitas: A solution to the border puzzle. American Economic Review, 93(1), 170–192. CrossRef
Zurück zum Zitat Armstrong, S., Drysdale, P., & Kalirajan, K. (2008). Asian trade structures and trade potential: An initial analysis of South and East Asian trade. Armstrong, S., Drysdale, P., & Kalirajan, K. (2008). Asian trade structures and trade potential: An initial analysis of South and East Asian trade.
Zurück zum Zitat Asche, F., Bellemare, M. F., Roheim, C., Smith, M. D., & Tveteras, S. (2015). Fair enough? Food security and the international trade of seafood. World Development, 67, 151–160. CrossRef Asche, F., Bellemare, M. F., Roheim, C., Smith, M. D., & Tveteras, S. (2015). Fair enough? Food security and the international trade of seafood. World Development, 67, 151–160. CrossRef
Zurück zum Zitat Bhagwati, J. N. (1964). The pure theory of international trade: A survey. The Economic Journal, 74(293), 1–84. Bhagwati, J. N. (1964). The pure theory of international trade: A survey. The Economic Journal, 74(293), 1–84.
Zurück zum Zitat Bhagwati, J. N., & Srinivasan, T. N. (1995). Trade and the environment: Does environmental diversity detract from the case for free trade? Bhagwati, J. N., & Srinivasan, T. N. (1995). Trade and the environment: Does environmental diversity detract from the case for free trade?
Zurück zum Zitat Boddewyn, J. J., & Brewer, T. L. (1994). International-business political behavior: New theoretical directions. Academy of Management Review, 19(1), 119–143. CrossRef Boddewyn, J. J., & Brewer, T. L. (1994). International-business political behavior: New theoretical directions. Academy of Management Review, 19(1), 119–143. CrossRef
Zurück zum Zitat Bodman, P. M. (1996). On export-led growth in Australia and Canada: Cointegration, causality and structural stability. Australian Economic Papers, 35(67), 282–299. CrossRef Bodman, P. M. (1996). On export-led growth in Australia and Canada: Cointegration, causality and structural stability. Australian Economic Papers, 35(67), 282–299. CrossRef
Zurück zum Zitat Bonaiuti, M. (2018). Are we entering the age of involuntary degrowth? Promethean technologies and declining returns of innovation. Journal of Cleaner Production, 197, 1800–1809. CrossRef Bonaiuti, M. (2018). Are we entering the age of involuntary degrowth? Promethean technologies and declining returns of innovation. Journal of Cleaner Production, 197, 1800–1809. CrossRef
Zurück zum Zitat Damill, Mario, Frenkel, Roberto, & Rapetti, Martín. (2015). Macroeconomic policy in Argentina during 2002–2013. Comparative Economic Studies, 57(3), 369–400. CrossRef Damill, Mario, Frenkel, Roberto, & Rapetti, Martín. (2015). Macroeconomic policy in Argentina during 2002–2013. Comparative Economic Studies, 57(3), 369–400. CrossRef
Zurück zum Zitat Darvas, Z. (2012). Real effective exchange rates for 178 countries: A new database. Darvas, Z. (2012). Real effective exchange rates for 178 countries: A new database.
Zurück zum Zitat Deardorff, A., & Stern, R. M. (1997). Measurement of nontariff barriers. Deardorff, A., & Stern, R. M. (1997). Measurement of nontariff barriers.
Zurück zum Zitat Demir, M. A., Bilik, M., & Utkulu, U. (2017). The impact of competitiveness on trade efficiency: The Asian experience by using the stochastic frontier gravity model. Eurasian Journal of Economics and Finance, 5(4), 1–15. CrossRef Demir, M. A., Bilik, M., & Utkulu, U. (2017). The impact of competitiveness on trade efficiency: The Asian experience by using the stochastic frontier gravity model. Eurasian Journal of Economics and Finance, 5(4), 1–15. CrossRef
Zurück zum Zitat Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(1–2), 59–73. CrossRef Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(1–2), 59–73. CrossRef
Zurück zum Zitat Feenstra, R. C. (2015).  Advanced international trade: Theory and evidence. Princeton University Press. Feenstra, R. C. (2015).  Advanced international trade: Theory and evidence. Princeton University Press.
Zurück zum Zitat Frankel, J., Stein, E., & Wei, S. J. (1995). Trading blocs and the Americas: The natural, the unnatural, and the super-natural. Journal of Development Economics, 47(1), 61–95. CrossRef Frankel, J., Stein, E., & Wei, S. J. (1995). Trading blocs and the Americas: The natural, the unnatural, and the super-natural. Journal of Development Economics, 47(1), 61–95. CrossRef
Zurück zum Zitat Ghartey, E. E. (1993). Causal relationship between exports and economic growth: some empirical evidence in Taiwan, Japan and the US. Applied Economics, 25(9), 1145–1152. CrossRef Ghartey, E. E. (1993). Causal relationship between exports and economic growth: some empirical evidence in Taiwan, Japan and the US. Applied Economics, 25(9), 1145–1152. CrossRef
Zurück zum Zitat Giles, J.A., & Williams, C. L. (2000). Export-led growth: A survey of the empirical literature and some non-causality results. Part 1.  The Journal of International Trade & Economic Development,  9(3), 261–337. Giles, J.A., & Williams, C. L. (2000). Export-led growth: A survey of the empirical literature and some non-causality results. Part 1.  The Journal of International Trade & Economic Development,  9(3), 261–337.
Zurück zum Zitat Greenaway, D., & Sapsford, D. (1994). What does liberalisation do for exports and growth? WeltwirtschaftlichesArchiv, 130(1), 152–174. CrossRef Greenaway, D., & Sapsford, D. (1994). What does liberalisation do for exports and growth? WeltwirtschaftlichesArchiv, 130(1), 152–174. CrossRef
Zurück zum Zitat Guzman, M., Ocampo, J. A., & Stiglitz, J. E. (2018). Real exchange rate policies for economic development. World Development, 110, 51–62. CrossRef Guzman, M., Ocampo, J. A., & Stiglitz, J. E. (2018). Real exchange rate policies for economic development. World Development, 110, 51–62. CrossRef
Zurück zum Zitat Head, K., Mayer, T., & Ries, J. (2010). The erosion of colonial trade linkages after independence. Journal of International Economics, 81(1), 1–14. CrossRef Head, K., Mayer, T., & Ries, J. (2010). The erosion of colonial trade linkages after independence. Journal of International Economics, 81(1), 1–14. CrossRef
Zurück zum Zitat Kalirajan, K. (2007). Regional cooperation and bilateral trade flows: An empirical measurement of resistance. The International Trade Journal, 21(2), 85–107. CrossRef Kalirajan, K. (2007). Regional cooperation and bilateral trade flows: An empirical measurement of resistance. The International Trade Journal, 21(2), 85–107. CrossRef
Zurück zum Zitat Kirton, J. J., & Maclaren, V. W. (2018).  Linking trade, environment, and social cohesion: NAFTA experiences, global challenges. Routledge. Kirton, J. J., & Maclaren, V. W. (2018).  Linking trade, environment, and social cohesion: NAFTA experiences, global challenges. Routledge.
Zurück zum Zitat Kolk, A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development. Journal of World Business, 51(1), 23–34. CrossRef Kolk, A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development. Journal of World Business, 51(1), 23–34. CrossRef
Zurück zum Zitat Kolk, A., Kourula, A., & Pisani, N. (2017). Multinational enterprises and the sustainable development goals: What do we know and how to proceed? UNCTAD, 24(3). Kolk, A., Kourula, A., & Pisani, N. (2017). Multinational enterprises and the sustainable development goals: What do we know and how to proceed? UNCTAD, 24(3).
Zurück zum Zitat Komives, K., & Jackson, A. (2014). Introduction to voluntary sustainability standard systems. In  Voluntary standard systems (pp. 3–19). Springer, Berlin, Heidelberg. Komives, K., & Jackson, A. (2014). Introduction to voluntary sustainability standard systems. In  Voluntary standard systems (pp. 3–19). Springer, Berlin, Heidelberg.
Zurück zum Zitat Krugman, P. (1991). Increasing returns and economic geography. Journal of Political Economy, 99(3), 483–499. CrossRef Krugman, P. (1991). Increasing returns and economic geography. Journal of Political Economy, 99(3), 483–499. CrossRef
Zurück zum Zitat Krugman, P. R. (1993). The narrow and broad arguments for free trade. The American Economic Review, 83(2), 362–366. Krugman, P. R. (1993). The narrow and broad arguments for free trade. The American Economic Review, 83(2), 362–366.
Zurück zum Zitat Kunst, R. M., & Marin, D. (1989). On exports and productivity: A causal analysis.  The Review of Economics and Statistics, 699–703. Kunst, R. M., & Marin, D. (1989). On exports and productivity: A causal analysis.  The Review of Economics and Statistics, 699–703.
Zurück zum Zitat Lee, C. S., & Cheong, I. (2017). Regional contents in exports by major trading blocs in the Asia-Pacific region. Journal of Korea Trade, 21(2), 145–160. CrossRef Lee, C. S., & Cheong, I. (2017). Regional contents in exports by major trading blocs in the Asia-Pacific region. Journal of Korea Trade, 21(2), 145–160. CrossRef
Zurück zum Zitat McCallum, J. (1995). National borders matter: Canada-U.S. regional trade patterns.  American Economic Review, American Economic Association, 85(3), 615–623. McCallum, J. (1995). National borders matter: Canada-U.S. regional trade patterns.  American Economic Review, American Economic Association, 85(3), 615–623.
Zurück zum Zitat Melitz, M. J., & Redding, S. J. (2014). Heterogeneous firms and trade. In  Handbook of international economics (Vol. 4, pp. 1–54). Elsevier. Melitz, M. J., & Redding, S. J. (2014). Heterogeneous firms and trade. In  Handbook of international economics (Vol. 4, pp. 1–54). Elsevier.
Zurück zum Zitat Muradian, R., & Martinez-Alier, J. (2001). Trade and the environment: From a ‘Southern’ perspective. Ecological Economics, 36(2), 281–297. CrossRef Muradian, R., & Martinez-Alier, J. (2001). Trade and the environment: From a ‘Southern’ perspective. Ecological Economics, 36(2), 281–297. CrossRef
Zurück zum Zitat Proops, J. L., Atkinson, G., Schlotheim, B. F. V., & Simon, S. (1999). International trade and the sustainability footprint: A practical criterion for its assessment. Ecological Economics, 28(1), 75–97. CrossRef Proops, J. L., Atkinson, G., Schlotheim, B. F. V., & Simon, S. (1999). International trade and the sustainability footprint: A practical criterion for its assessment. Ecological Economics, 28(1), 75–97. CrossRef
Zurück zum Zitat Ravishankar, G., & Stack, M. M. (2014). The gravity model and trade efficiency: A stochastic frontier analysis of Eastern European countries’ potential trade. The World Economy, 37(5), 690–704. CrossRef Ravishankar, G., & Stack, M. M. (2014). The gravity model and trade efficiency: A stochastic frontier analysis of Eastern European countries’ potential trade. The World Economy, 37(5), 690–704. CrossRef
Zurück zum Zitat Sequeira, S. (2016). Corruption, trade costs, and gains from tariff liberalization: Evidence from Southern Africa. American Economic Review, 106(10), 3029–3063. CrossRef Sequeira, S. (2016). Corruption, trade costs, and gains from tariff liberalization: Evidence from Southern Africa. American Economic Review, 106(10), 3029–3063. CrossRef
Zurück zum Zitat Shan, J., & Sun, F. (1998). On the export-led growth hypothesis: The econometric evidence from China. Applied Economics, 30(8), 1055–1065. CrossRef Shan, J., & Sun, F. (1998). On the export-led growth hypothesis: The econometric evidence from China. Applied Economics, 30(8), 1055–1065. CrossRef
Zurück zum Zitat Tinbergen, J. (1962). Shaping the world economy: Suggestions for an international economic policy. New York: Twentieth Century Fund. Tinbergen, J. (1962). Shaping the world economy: Suggestions for an international economic policy. New York: Twentieth Century Fund.
Zurück zum Zitat UNCTAD. (2010). Non-tariff measures: Evidence from selected developing countries and future research agenda. New York and Geneva: United Nations publication. UNCTAD. (2010). Non-tariff measures: Evidence from selected developing countries and future research agenda. New York and Geneva: United Nations publication.
Zurück zum Zitat Wilson, J. D. (2015). Mega-regional trade deals in the Asia-Pacific: Choosing between the TPP and RCEP? Journal of Contemporary Asia, 45(2), 345–353. CrossRef Wilson, J. D. (2015). Mega-regional trade deals in the Asia-Pacific: Choosing between the TPP and RCEP? Journal of Contemporary Asia, 45(2), 345–353. CrossRef
Metadaten
Titel
The Role of Sustainability and Policy Measures in Export Performance
verfasst von
Shubham Kumar
Tapas Kumar Giri
Copyright-Jahr
2021
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-33-6854-5_9

Premium Partner