International Trade and Financial Management

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Economics and Finance".

Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 9991

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Guest Editor
College of Business and Entrepreneurship, Bethune-Cookman University, Daytona Beach, FL 32114, USA
Interests: international finance; foreign direct investment; economics and finance; tourism economics; regional integration; international trade; exchange rate volatility
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Special Issue Information

Dear Colleagues,

International trade and international financial flows such as foreign direct investment and remittances play a significant role in open economies. Such international financial flows are becoming increasingly important for developing countries given their fragile institutions and financial constraints. The situation became even more challenging in 2020 because of the pandemic. For this Special Issue of Journal of Risk and Financial Management, we welcome submissions on any topic related to international trade and finance. The purpose of this Special Issue is to collect high-quality recent research on different problems related to international trade and finance, including research pertaining, but not limited to, international trade flows, foreign direct investment, remittances, official development assistance or foreign aid, capital inflows and outflows, regional trade agreements, intra-industry trade, exchange rate volatility, trade in services, trade liberalization, direction of trade, balance of payments, trade creation and trade diversion, and outsourcing.

This Special Issue welcomes conceptual papers of around 3000 words, as well as full-length articles on various topics that pertain to international trade and finance. Both empirical and theoretical papers will be considered.

Dr. E. M. Ekanayake
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • International trade
  • Foreign direct investment
  • Foreign portfolio investment
  • Capital mobility
  • Exchange rate volatility
  • Direction of trade
  • Economic integration
  • Emerging markets
  • Financial crisis
  • International finance
  • Intra-industry trade
  • Outsourcing
  • Remittances

Published Papers (3 papers)

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Research

25 pages, 632 KiB  
Article
Re-Export: Assessing the Impact of Re-Export Companies on Sectors and the Economy
by Anatolijs Prohorovs
J. Risk Financial Manag. 2023, 16(2), 77; https://doi.org/10.3390/jrfm16020077 - 26 Jan 2023
Cited by 1 | Viewed by 3136
Abstract
Re-exports are an important part of international trade, as they account for about a quarter of total exports, and the growth rate of re-exports exceeds the growth rate of exports. Researchers find that re-exports have a positive impact on economic growth. Despite this, [...] Read more.
Re-exports are an important part of international trade, as they account for about a quarter of total exports, and the growth rate of re-exports exceeds the growth rate of exports. Researchers find that re-exports have a positive impact on economic growth. Despite this, in existing studies, little attention has been paid to the impact of re-exports on sectors of the economy and the direct and indirect effects of re-exports on the national economy. Based on this, the purpose of the article is to consider the impact of re-export activities on sectors of the economy and on the economy as a whole using the example of one company. The study examines the distribution of the effects of re-export companies’ activities between the national economy and foreign economies and among sectors of the economy. In addition, the value of the primary and secondary effects of the influence of the re-export company on the national economy was determined and the local multiplier value was calculated. This study identifies the main factors that influence the distribution of re-export effects between the national economy and foreign economies and among sectors and industries, as well as factors that affect the magnitude of direct and indirect re-export effects on the national economy. The local multiplier value of re-exports was also determined at 1.73. Full article
(This article belongs to the Special Issue International Trade and Financial Management)
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21 pages, 317 KiB  
Article
Effects of Real Exchange Rate Volatility on Trade: Empirical Analysis of the United States Exports to BRICS
by E. M. Ekanayake and Amila Dissanayake
J. Risk Financial Manag. 2022, 15(2), 73; https://doi.org/10.3390/jrfm15020073 - 10 Feb 2022
Cited by 9 | Viewed by 3445
Abstract
This paper analyzes the effects of real exchange rate volatility on the United States’ exports to BRICS. It focuses on the top 20 export products (defined by the 2-digit Harmonized System codes) from the United States to Brazil, Russia, India, China, and South [...] Read more.
This paper analyzes the effects of real exchange rate volatility on the United States’ exports to BRICS. It focuses on the top 20 export products (defined by the 2-digit Harmonized System codes) from the United States to Brazil, Russia, India, China, and South Africa, and uses quarterly data for period from 1993Q1 to 2021Q2. The specified panel regression model was first estimated using three estimation methods, namely, the Panel Least Squares, the Panel Fully Modified Least Squares (FMOLS), and Panel Dynamic Least Squares (DOLS). In addition, to estimate the short-run and long-run effects of real exchange rate volatility on exports, it also uses the method of the Autoregressive Distributed Lag (ARDL) approach to cointegration analysis and error-correction models. Two measures of exchange rate volatility are used in this study. According to our findings, the levels of foreign economic activity have a positive effect on exports while the real exchange rate has a negative effect on exports. In addition, exchange rate volatility has a negative effect on exports in the long run in all five countries. However, the effects of exchange volatility are found to yield mixed results in the short run regardless of which measure of exchange rate volatility was used. Full article
(This article belongs to the Special Issue International Trade and Financial Management)
53 pages, 4762 KiB  
Article
A Panel Study of Factor Accumulation and Export Quality
by Purba Mukerji
J. Risk Financial Manag. 2021, 14(9), 447; https://doi.org/10.3390/jrfm14090447 - 17 Sep 2021
Viewed by 1686
Abstract
Cross-sectional data show Global North countries export higher quality products at a point in time. Product-level panel data can address if countries improve their export quality over time. The literature has addressed this practically relevant panel question only in small samples over the [...] Read more.
Cross-sectional data show Global North countries export higher quality products at a point in time. Product-level panel data can address if countries improve their export quality over time. The literature has addressed this practically relevant panel question only in small samples over the short term. We addressed it for a large sample, over the long run, focusing on the hitherto overlooked endogeneity between export quality and factor accumulation and the role of export composition. We utilized a two-tiered panel: the panel of countries and the panel of products each country trades. We found some evidence that middle-income countries often upgrade export quality within the same product, but that high- and low-income countries do this less often. Our results appear to support product cycle theory: some countries climb the value ladder, others are competed off from the ladder’s top, and new countries enter markets. Technology appears to be a potential basis for consolidating trade competitiveness over time, as skill accumulation becomes more widespread across countries and loses significance as an explanatory variable. Our results provide some explanation of why Global North countries might resist sharing technology. This research is timely with deadlocked multilateral trade negotiations and looming trade wars. It attempts to contribute to an evidence-based guide to trade policy. Full article
(This article belongs to the Special Issue International Trade and Financial Management)
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