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Neal C Detert - One of the best experts on this subject based on the ideXlab platform.
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how the iphone widens the us Trade Deficit with the prc
Journal of Financial Research, 2011Co-Authors: Yuqing Xing, Neal C DetertAbstract:In this paper,we use the iPhone as a case to show that even high-tech products invented by the United States(US) companies will not increase the US exports,but on the contrary exacerbate the US Trade Deficits. The iPhone contributed US $ 1.9 billion to the US Trade Deficit with PRC.Unprecedented globalization, well organized global production networks,repaid development of cross-country production fragmentation,and low transportation costs all contribute to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit Global production networks and highly specialized production processes apparently reverse conventional Trade patterns so that developing countries such as PRC export high-tech goods-like the iPhone while industrialized countries such as the US imports high-tech goods they themselves invented.In addition,conventional Trade statistics fail to identify the distribution of the value chains of manufacture products cross countries,thus greatly inflate bilateral Trade imbalances between a country used as export-platform by multinational firms and its destination countries.
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how the iphone widens the united states Trade Deficit with the people s republic of china
Social Science Research Network, 2010Co-Authors: Yuqing Xing, Neal C DetertAbstract:In this paper, the authors use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US Trade Deficit. The iPhone contributed US$1.8 billion to the US Trade Deficit with the People’s Republic of China (PRC). Unprecedented globalization, well organized global production networks, repaid development of cross-country production fragmentation, and low transportation costs all contributed to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit reduction. Global production networks and highly specialized production processes apparently reverse Trade patterns: developing countries such as the PRC export high-tech goods - like the iPhone - while industrialized countries such as the US import the high-tech goods they themselves invented. In addition, conventional Trade statistics greatly inflate bilateral Trade Deficits between a country used as export-platform by multinational firms and its destination countries.
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how the iphone widens the united states Trade Deficit with the people s republic of china
Aussenwirtschaft, 2010Co-Authors: Yuqing Xing, Neal C DetertAbstract:i»?In this paper, we use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US Trade Deficit. The iPhone contributed US$1.9 billion to the US Trade Deficit with the People’s Republic of China (PRC). Unprecedented globalization, well organized global production networks, repaid development of cross-country production fragmentation, and low transportation costs all contributed to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit. Global production networks and highly specialized production processes apparently reverse Trade patterns : developing countries such as the PRC export high-tech goods—like the iPhone—while industrialized countries such as the US import the high-tech goods they themselves invented. In addition, conventional Trade statistics greatly inflate bilateral Trade Deficits between a country used as export-platform by multinational firms and its destination countries.
Yuqing Xing - One of the best experts on this subject based on the ideXlab platform.
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how the iphone widens the us Trade Deficit with the prc
Journal of Financial Research, 2011Co-Authors: Yuqing Xing, Neal C DetertAbstract:In this paper,we use the iPhone as a case to show that even high-tech products invented by the United States(US) companies will not increase the US exports,but on the contrary exacerbate the US Trade Deficits. The iPhone contributed US $ 1.9 billion to the US Trade Deficit with PRC.Unprecedented globalization, well organized global production networks,repaid development of cross-country production fragmentation,and low transportation costs all contribute to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit Global production networks and highly specialized production processes apparently reverse conventional Trade patterns so that developing countries such as PRC export high-tech goods-like the iPhone while industrialized countries such as the US imports high-tech goods they themselves invented.In addition,conventional Trade statistics fail to identify the distribution of the value chains of manufacture products cross countries,thus greatly inflate bilateral Trade imbalances between a country used as export-platform by multinational firms and its destination countries.
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how the iphone widens the united states Trade Deficit with the people s republic of china
Social Science Research Network, 2010Co-Authors: Yuqing Xing, Neal C DetertAbstract:In this paper, the authors use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US Trade Deficit. The iPhone contributed US$1.8 billion to the US Trade Deficit with the People’s Republic of China (PRC). Unprecedented globalization, well organized global production networks, repaid development of cross-country production fragmentation, and low transportation costs all contributed to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit reduction. Global production networks and highly specialized production processes apparently reverse Trade patterns: developing countries such as the PRC export high-tech goods - like the iPhone - while industrialized countries such as the US import the high-tech goods they themselves invented. In addition, conventional Trade statistics greatly inflate bilateral Trade Deficits between a country used as export-platform by multinational firms and its destination countries.
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how the iphone widens the united states Trade Deficit with the people s republic of china
Aussenwirtschaft, 2010Co-Authors: Yuqing Xing, Neal C DetertAbstract:i»?In this paper, we use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US Trade Deficit. The iPhone contributed US$1.9 billion to the US Trade Deficit with the People’s Republic of China (PRC). Unprecedented globalization, well organized global production networks, repaid development of cross-country production fragmentation, and low transportation costs all contributed to rational firms such as Apple making business decisions that contributed directly to the US Trade Deficit. Global production networks and highly specialized production processes apparently reverse Trade patterns : developing countries such as the PRC export high-tech goods—like the iPhone—while industrialized countries such as the US import the high-tech goods they themselves invented. In addition, conventional Trade statistics greatly inflate bilateral Trade Deficits between a country used as export-platform by multinational firms and its destination countries.
Malabika Deo - One of the best experts on this subject based on the ideXlab platform.
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the relationship between fiscal Deficit and Trade Deficit in india an empirical enquiry using time series data
Social Science Research Network, 2016Co-Authors: Raja Sekar, Malabika DeoAbstract:Starting with a very simple question — Is there any relationship between Trade Deficit and fiscal Deficit in India? — the present study attempts to evaluate the long-run relationship and causality between Trade Deficit and fiscal Deficit with econometric models such as unit root, co-integration, error correction model and Granger causality test over the period 1980-2014. Individual modeling suggests that there exists a long run relationship and causality between Trade Deficit and fiscal Deficit and other macroeconomic variables during the study period. Overall results imply that fiscal Deficit and macroeconomic factors have co-integrating relationship with Trade Deficit and should be given serious attention in the attempt to decrease Trade Deficit and fiscal Deficit in India in future.
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the relationship between fiscal Deficit and Trade Deficit in india an empirical enquiry using time series data
The IUP Journal of Applied Economics, 2016Co-Authors: T Rajasekar, Malabika DeoAbstract:(ProQuest: ... denotes formulae omitted.)IntroductionTwin Deficits, i.e., fiscal Deficit and Trade Deficit, play an important role in the country's economic development. Of late, identifying the relationship between the twin Deficits has attracted the attention of many researchers. Some of the earlier studies that attempted to measure the relationship of twin Deficits around global level could find that both Deficits have close a relationship, and proved the relationship as postulated under Keynesian proposition, i.e., budget Deficit causes Trade Deficit (Darrat, 1988; Abell, 1990; Zietz and Pemberton, 1990; and Vamvoukas, 1999), and some studies found that there exists no relationship between these Deficits in line with the Ricardian concept (Evans, 1988; Dewold and Ulan, 1990; Enders and Lee, 1990; and Kim, 1995).Identifying the relationship between both Deficits is the most controversial issue in economics. Different schools of thoughts put forth different viewpoints about the relationship, i.e., relationship of fiscal Deficits and Trade Deficits in both developed and developing economies. These twin Deficits have got serious attention from the researchers as well as academicians as in many cases these Deficits are feared to lead to economic impairment and indignant economic growth. Over a decade, this linkage between fiscal Deficits and Trade Deficits of economies have spurred wide academic debate and empirical testing.With the experience of the above said twin Deficits in India, from 2007-08 the fiscal Deficit increased from 6.5-7% of GDP, and it went up to 10% of GDP in the year 2009-10. Through allocation of 3G spectrum, Indian government got three times more receipt and it haggled to keep up with the fiscal Deficit of 5.5% of GDP in the year 2010-11. In the year 2011-12, the road map of fiscal consolidation was to keep the fiscal Deficit at 4.8%. In the present scenario, there are numerous scandals, and hence fiscal consolidation by the policy makers becomes necessary. As per the 13th Finance Commission report, it was recommended that to eliminate fiscal Deficit, we have to find the way for revenue supply and carry consolidated debt to 68% of GDP by 2014-15. The report of Reserve Bank of India (RBI) found that high fiscal Deficit may lead to the problem of inflation crowding out the private sector and high interest rates. For higher fiscal Deficits, the government should take serious action by giving subsidy to contain the prices of petroleum products, and they should focus on revenue mobilization by extending the tax base, improving tax administration by better compliance, etc.A number of studies have already been carried out regarding the twin Deficits and different researchers have made separate analysis at micro and macro levels. In the context of India, due to globalized market and WTO liberalization of Trade, there is a need for understanding the relationship between fiscal Deficit and Trade Deficit in India. This study attempts to evaluate the long-run relationship and causality between Trade Deficit and fiscal Deficit in India.Literature ReviewAccording to Friedman, if Deficits are used reasonably, it is helpful for financial growth and unemployment reduction. Many economists have already examined the relationship between the twin Deficits all over the world. Based on the earlier research works like Fleming (1962), Hutchison and Charles (1984), Kawai (1985), McCoskey and Chihwa (1999), and Vamvoukas (1999) claimed that fiscal Deficit stimulates the increase of Trade Deficit. According to Hutchison and Charles (1984), an increase in the fiscal Deficit is likely to increase the real interest rate and Trade Deficit. Korsu (2005) investigated the effect of fiscal Deficit on the external sector of Sierra Leone and found that fiscal restraint improved the external sector by reducing money supply and price level. Basu and Datta (2005) studied the influence of fiscal Deficit to Trade Deficit in India. …
Myeong Hwan Kim - One of the best experts on this subject based on the ideXlab platform.
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The U.S.–China Trade Deficit
The International Trade Journal, 2014Co-Authors: Myeong Hwan KimAbstract:The purpose of this article is to examine the Trade imbalance between the United States and China, and how it affects the United States’ Trade Deficit. Contrary to our expectation, the United States’ imports from China have no significant effect (actually a negative effect) on the United States’ Trade Deficit.
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the u s china Trade Deficit
The International Trade Journal, 2014Co-Authors: Myeong Hwan KimAbstract:The purpose of this article is to examine the Trade imbalance between the United States and China, and how it affects the United States’ Trade Deficit. Contrary to our expectation, the United States’ imports from China have no significant effect (actually a negative effect) on the United States’ Trade Deficit.
Carlo Andrea Bollino - One of the best experts on this subject based on the ideXlab platform.
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Oil prices and the U.S. Trade Deficit
Journal of Policy Modeling, 2007Co-Authors: Carlo Andrea BollinoAbstract:Abstract In the new millennium two developments have dominated the international economic situation: the persistence of high oil price and, consequently, the worsening of the U.S. Trade Deficit. In this paper I argue that it is possible to set forth an alternative explanation of U.S. Trade Deficit mainly considering a possible microeconomics missing link, taking in account the “twin nature” of the U.S. Trade Deficit and conjecturing that U.S. Trade Deficit can be explained as the result of a convergence of the Chinese and U.S. long run interest, in order to obtain a less energy intensive long run growth. So, I set forth the idea that the U.S., as the future exporter of the New Clean Technology, is a very attractive feature for China and this is a possible answer to the question: “Why should China continue to accumulate dollar reserves?”