This paper applies dynamic specification approach and error correction model form to construct a quarterly foreign trade model of China at the aggregate level for the period of 1992-2004. The empirical results indicate China’s imports and exports depend on each other both in the long run and short run, which reflects the special and importance role of processing trade in China. Imports respond ...

Environmental and labour standards have become an important international trade issue. This article examines and ranks alternative trade policy responses available to an importing country with concerns over such standards. While a full import embargo may sometimes be preferable to allowing unrestricted access to unlabeled non-conforming imports, a partial embargo that allows imports which demon...

The methods for estimating the annual global value of imports of parts and accessories are presented in Chapter 8 of the Small Arms Survey 2012, ‘Piece by Piece: Authorized Transfers of Parts and Accessories’ (Grzybowski, Marsh, and Schroeder, 2012, pp. 247–50). This annexe contains additional details on some of the data and estimation techniques used in the chapter, including for the estimate ...

This study adopts a GNP function approach in order to examine the impact of migrant labour on domestic factors of production in the United Kingdom. We also examine the relationship between imports and migrants, which are two different facets of globalisation. We find that an increase in the number of unskilled migrants reduces the wages of unskilled domestic workers. However the quantitative im...

Empirical studies of international trade have concentrated on singleequation models to analyse the demand relationship for imports and exports [Houthakker and Magee (1969). Naqvi et al (1983), Bnhmani-Oskooee (1984,1986)]. These studies have assumed that the imports and exports price elasticities facing any individual country are infinite or at least large. The assumption of infinite supply pri...

This study uses tailor made enterprise level data from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import – ...

Gray markets, also known as parallel imports, have created fierce competition for manufacturers in many industries. We analyze the impact of parallel importation on a price-setting manufacturer that serves two markets with uncertain demand, and characterize her policy against parallel importation. We show that ignoring demand uncertainty can take a significant toll on the manufacturer’s profit,...