Production-Driven and Non-Production-Driven Bilateral Trade Balance: Assessing Trade Deficits between the United States and China and the COVID-19 Epidemic
Yazarlar (3)
Prof. Dr. Hüseyin KARAMELİKLİ Karabük Üniversitesi, Türkiye
Serdar Ongan University Of South Florida, Tampa, Türkiye
İsmet Göçer University Of Strathclyde, İngiltere
Makale Türü Özgün Makale (ESCI dergilerinde yayınlanan tam makale)
Dergi Adı Chinese Economy
Dergi ISSN 1097-1475 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler ESCI
Makale Dili İngilizce Basım Tarihi 01-2024
Cilt / Sayı / Sayfa 57 / 2 / 147–165 DOI 10.1080/10971475.2023.2295638
Makale Linki http://dx.doi.org/10.1080/10971475.2023.2295638
UAK Araştırma Alanları
Uluslararası Ticaret Bölgesel Gelişme ve Küreselleşme
Özet
This study aims to look deeper into the long-standing phenomenon of the United States’ large trade deficits with China by examining both countries’ bilateral trading structures (character). In this investigation, we, for the first time, redefine the traditional bilateral trade balance (BTB) ratio based on economic impact content as production-driven BTB () and non-production-driven BTB (). This is done because, while the former undergoes an economic activity within the United States, the latter doesn’t. The traditional ratio, i.e. total export/total import, doesn’t technically allow such an investigation. Hence, the proposed methodology of this study, using these two new forms of BTBs, may provide new perspectives to this phenomenon for U.S. policymakers. The main empirical finding may make it imperative to analyze the US BTB with China using the methodology proposed because the independent variables of the study’s models have …
Anahtar Kelimeler
non-production-driven bilateral trade balance | nonlinear ARDL approach | Production-driven bilateral trade balance | US-Sino trade