China’s Trade with OPEC Member Countries: A Panel-Gravity Model Approach

Rasoulinezhad, Ehsan; Wei, Wei

doi:10.1080/10971475.2017.1345272

Cited by 28 publications

(18 citation statements)

References 49 publications

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“…We have calculated CD test only for time-variant variables in our gravity equation because of CD test unable to define in case of time-invariant variables (Rasoulinezhad, 2017;Rasoulinezhad & Kang, 2016;Irshad, Xin, Shahriar, & Ali, 2018;Irshad, Xin, Shahriar, & Arshad, 2018). There are zero values in our dependent variable and we have dropped dummies because it is not defineable in CD test however we calculate it with the whole sample.…”

Section: Panel Cross-section Dependence Testmentioning

confidence: 99%

Competitiveness of Pakistani rice in international market and export potential with global world: A panel gravity approach

Irshad

Xin

Arshad

2018

Cogent Economics & Finance

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Section: Panel Cross-section Dependence Testmentioning

confidence: 99%

Competitiveness of Pakistani rice in international market and export potential with global world: A panel gravity approach

Irshad

Xin

Arshad

2018

Cogent Economics & Finance

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“…It takes a value of 1 if China and trading partner belong to the WTO or 0 otherwise. Rasoulinezhad and Kang (2016) and Narayan and Nguyen (2016) argues that to evade of the multicollinearity dilemma, it is better breaking the above gravity model into three various models in which GDP and income variables are considered separately in each. Following their idea, the two following gravity model along with timevariant and time-invariant variables will be applied in our study:…”

Section: Time-invariant Variablesmentioning

confidence: 99%

“…There is great number of studies exploring the links in bilateral trade flows through the gravity model approach which is a distinguished contrivance to model international trade flows among nations, trading agreements and even between continents (Brun et al, 2002); (Redding and Venables, 2004); (Liu and Xin, 2011); (Novy, 2013); (Fung, 2014); (Ulengin et al, 2015); (Rasoulinezhad and Kang, 2016); (Rasoulinezhad, 2017); ; (Muhammad et al, 2018). The first eminent study exploring trade flows goes back to Jan Tinbergen"s article "Shaping the world economy: propositions for an international economic policy" long ago in Overall, it can be seen that there has not been a serious attempt to examine China-OPEC bilateral trade.…”

Section: Literature Review and Development In Gravity Approachmentioning

confidence: 99%

“…Chen and Wall (1999) use the trade policy index or Nguyen (2010) includes bilateral exchange rate and regional trade preference. (Anderson and Wincoop, 2003) In the current study, we employ a gravity model similar to Narayan and Nguyen (2016) and Rasoulinezhad and Kang (2016) Where TTR represents the total trade volume between China (country i) and trading partner (country j) at specific time t. indicates the economy size of China and trading partner j at given time t. Likewise, shows income (GDP per capita) for China (county i) and trading partner (country j). Moreover, denotes the absolute difference between China"s GDP per capita and country j"s GDP per capita.…”

Section: Model Specificationmentioning

confidence: 99%

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A Panel Data Analysis of Chinas Trade Pattern with OPEC Members: Gravity Model Approach

Irshad

Xin

Shahriar

et al. 2018

Asian Economic and Financial Review

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Article History JEL Classification:N70, C23, F13In this study, we have endeavoured to explain China"s trade pattern with OPEC member countries by employing gravity model over the period . The estimation results demonstrate that the gravity equation fits the data pragmatically. China was the first biggest oil importer worldwide with about 73 per cent of her oil coming from OPEC member countries. In fact, energy can be considered as the most traded commodity and also the core reason for the trade volume growth between China and the OPEC member countries in last two decades. We have confirmed that China"s bilateral trade with OPEC members positively impacts on GDP, income (GDP per capita), trade openness in China and the WTO member countries in OPEC. While negatively influence on distance (trade cost) and supports Linder hypothesis. Depreciation in bilateral exchange rates also negatively influence on China"s bilateral trade with OPEC. Contribution/ Originality:To the best of the authors" knowledge, this study is the first attempt to examine the China"s trade pattern with 14 OPEC member countries aver the period of 1990-2016 through gravity approach by estimation technique OLS and time fixed effects.

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“…Similar to the extant literature on the gravity model, we employed a panel cointegration estimator called the Fully Modified Ordinary Least Squares (FMOLS) to examine the BRICS's bilateral trade patterns within the gravity-trade framework. With regard to the selection of the FMOLS, it should be noted that despite dissimilar views of the estimation of panel cointegration e.g., Pedroni (1996Pedroni ( , 2001, who suggest using the FMOLS estimator; Fixed Effects by Cheng and Wall (2005) and Anderson and Wincoop (2003); and the Random Effects by Soren, Behnhard, and Glauben (2014), a number of studies such as those by Fidrmuc (2009), Rasoulinezhad and Kang (2016), Popova and Rasoulinezhad (2016), Nasre Esfahani and Rasoulinezhad (2017) and Rasoulinezhad (2017) proved the similarity of panel cointegration estimators' results.…”

Section: B Gravity-trade Modelmentioning

confidence: 99%

Do BRICS Countries Have Similar Trade Integration Patterns?

Rasoulinezhad

Jabalameli

2018

Journal of Economic Integration

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This study explores the similarities of trade integrations in the BRICS member countries. Using time series data from 2001 to 2015 and employing the Panel-Gravity trade model approach, we utilized the separate disaggregated trade data of manufactured goods and raw materials of each BRICS member with United Nations-defined regional groups: the African group, the Asia Pacific group, the Eastern European group, the Latin American and Caribbean group, and the Western European. The analysis results revealed that Russia's manufactured goods and raw material trade integration based on the Heckscher-Ohlin framework with these five regional groups is not similar to that of other BRICS members following the Linder hypothesis. Furthermore, the dominance of China in total trade flows of BRICS has made the Chinese Yuan's effects on trade with partners from different groups stronger than other BRICS members' national currencies impacts. Geographical distance as a proxy for transportation cost has a weaker negative effect on the manufactured goods and raw materials trade patterns of China and India than it does on other countries, creating dissimilarity in the trade patterns of BRICS countries.

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China’s Trade with OPEC Member Countries: A Panel-Gravity Model Approach

Cited by 28 publications

References 49 publications

Competitiveness of Pakistani rice in international market and export potential with global world: A panel gravity approach

Competitiveness of Pakistani rice in international market and export potential with global world: A panel gravity approach

A Panel Data Analysis of Chinas Trade Pattern with OPEC Members: Gravity Model Approach

Do BRICS Countries Have Similar Trade Integration Patterns?

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