The Bilateral USA-Mexico Trade Balances Under Decomposed Export Data
Yazarlar (6)
Serdar Ongan
University Of South Florida, Tampa, Türkiye
Prof. Dr. Hüseyin KARAMELİKLİ Karabük Üniversitesi, Türkiye
Mine Aysen Doyran Lehman College, Amerika Birleşik Devletleri
İsmet Göçer
University Of Strathclyde, Türkiye
Charles A. Rarick Purdue University Northwest, Amerika Birleşik Devletleri
John Mellon
Thomas Edison State University, Amerika Birleşik Devletleri
Makale Türü Özgün Makale (ESCI dergilerinde yayınlanan tam makale)
Dergi Adı Journal of Industry Competition and Trade
Dergi ISSN 1566-1679 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler Scopus; ESCI
Makale Dili İngilizce Basım Tarihi 08-2023
Cilt / Sayı / Sayfa 23 / 3 / 171–186 DOI 10.1007/s10842-023-00401-6
Makale Linki http://dx.doi.org/10.1007/s10842-023-00401-6
UAK Araştırma Alanları
Uluslararası Ticaret Bölgesel Gelişme ve Küreselleşme
Özet
This study re-formulates and re-examines the traditional bilateral trade balance (TB) concept (ratio) in the USA-Mexico case using a different methodology. This re-examination is constructed on newly formulated decomposed-export-based TBs—namely, domestic-export-based TB and re-export-based TB. Since the undecomposed traditional total-export-based TB is expressed as a total export/import ratio, it may misrepresent the actual nature of bilateral trade of this country with Mexico because the USA also considerably re-exports to Mexico. The main empirical finding confirms the need for using decomposed-export-based TBs in trade models for the USA since the impacts of exchange rate and income on undecomposed and decomposed export-based TBs of the USA are entirely different. For example, while depreciation in the USD improves the re-export-based TB for only 13 commodities, the same change in …
Anahtar Kelimeler
Decomposed trade balance | Nonlinear ARDL approach | Trade balance | USMCA