Analysis of Fijis Regional Trade Using Gravity Model (original) (raw)
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in 1975, provides research-based policy solutions to sustainably reduce poverty and end hunger and malnutrition. IFPRI's strategic research aims to foster a climate-resilient and sustainable food supply; promote healthy diets and nutrition for all; build inclusive and efficient markets, trade systems, and food industries; transform agricultural and rural economies; and strengthen institutions and governance. Gender is integrated in all the Institute's work. Partnerships, communications, capacity strengthening, and data and knowledge management are essential components to translate IFPRI's research from action to impact. The Institute's regional and country programs play a critical role in responding to demand for food policy research and in delivering holistic support for country-led development. IFPRI collaborates with partners around the world.
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ASEAN has made great progress toward economic unification and free trade in the area. With the objectives of creating a unified market, expanding intra-ASEAN trade and investment, and attracting foreign investment, ASEAN has been a cornerstone of the Philippines' diplomatic and commercial policies, which is evident in the Philippine policy of creating a more prosperous, secure, and free Southeast Asia through a variety of measures in politics, economics, international trade, and functional cooperation. The researchers revisit Jan Tinbergen’s Gravity Theory by using the adjusted augmented gravity model in a panel data of bilateral trade flows between the Philippines and the ASEAN member countries from 1995 to 2019 at the national level using the Poisson-Pseudo Maximum Likelihood estimator and Ordinary Least Squares, both with fixed effects, in a model-comparison approach. Using the fitted trade values from the PPML estimates and the standardized real values of exports and imports...
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The aim of this paper intended to determine predictive power of the gravity model in the Zambian case, to test the validity of the gravity model in explaining trade patterns between Zambia and Her top 5 trade partners and to determine the relationship between remoteness and trade flow in Zambia. Zambia's ratio of trade in goods and services to GDP (82% in 2014) suggests that trade is important to its economy. Copper continues to be by far the top export earner (accounting for over 70% of the value of merchandise exports). Its imports are more diversified and consist mainly of machinery, transport equipment, and oil and automotive products. (Key non-traditional export products comprise mainly Agricultural commodities, Agro-Processed products and manufactured goods). Africa is the leading source of Zambia's imports, with South Africa and the Democratic Republic of the Congo leading the way. Europe remains the top destination for its exports and, in particular, Switzerland, the single most important destination. The study used panel data from 1996 to 2015 The empirical results indicate that Zambia’s GDP per capita, remoteness, other countries remoteness and GDP per capita, and distance have strong and significant effects on trade volume. One explanatory variable, other Countries GDP per capita do not significantly affects trade volumes between Zambia and her trading partner. The conclusion of this study is that the Gravity model has a better predictive power and it is valid in explaining Zambia’s bilateral trade. The other conclusion drawn in that Zambia is relatively remote to the rest of the world and other countries are relatively remote to the rest of the world but not remote with respect to Zambia.
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This study investigates the significance of re-exports in Fiji. The dominance of the re-export of domestic exports is indisputable in Fiji; however, there is lack of literature concerning the performance of re-exports to total exports transiting the Fijian economy. This study aspires to fill that gap offering suggestions to strengthen the total exports of Fiji by diversifying the trade policies. Time series data is used for total exports, re-exports and domestic exports from 1985 to 2018 to establish an ARDL model. The model was subjected to diagnostic testing with a favorable outcome regarding the stability of the model for hypothesis testing. The findings re-affirm that re-exports are a significant predictor of Fiji’s total exports and trade growth. This research signifies the need for national policies to include the promotion of re-exports. Conclusively, the finding of this study is instrumental in updating or reshaping development policies for inclusive growth.
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The main objective of this research is to analyze and evaluate the main trade facilitation factors that affect total trade cost and manufactured trade cost in ECOWAS countries. To cope with these objectives, we adopt an econometric approach of gravity model. The data cover the ECOWAS with their main trade partners from 2010 to 2014. We use panel data econometrics to estimation our model. For that, random effect (RE), fixed effect (FE) and Poisson Pseudo-Maximum Likelihood (PPML) estimators are mobilized. The main result is that total trade cost and manufactured trade cost are both influenced by traditional gravity model variables and Doing Business (DB) indicators. Most importantly, trade costs in ECOWAS countries are more impacted by customs environment.
Trade Facilitation Needs and Customs Valuation in Fiji
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