Resolving US Trade Deficits? Applying Spatial Durbin Panel Model
學年 108
學期 1
出版(發表)日期 2019-09-05
作品名稱 Resolving US Trade Deficits? Applying Spatial Durbin Panel Model
著者 Yi-cheng Liu; Wen Yang
著錄名稱、卷期、頁數 BAM Conference 2019, Birmingham, UK.
摘要 This paper provides valuable insights for improving the persistent US trade-deficit issue from geospatial perspective. The main US export destinations are the West-European countries of the European Union and Japan. The determinants of the US exports were highly related to countries with outward foreign direct investment from the US corporations and were highly open for international trade. Also, these countries tended to have a higher GDP per capita and have regional economic integration agreements according to empirical evidence of the Spatial Durbin Panel Model. Our paper is substantively important because spatial quantitative techniques eliminate the bias when spatial effects exist. Intriguingly, some of the largest US trade -partner countries: Central and South America countries, China and other East Asian countries were not critical to US exports. Also, south Asia and Africa continent are mostly neglected from US exports. The discerning findings illuminate that US trade deficits resulted from its exports concentration on a few regions in the world. It is suggested that the US could increase its exports by diversifying and expanding US exports into countries of different regions and hence, improve US trade deficits. The findings of this paper have important implications to the corporate strategy and government policy.
關鍵字 Spatial Durbin Panel Model;US exports;US trade deficit;Exports Determinants;Spatial Patterns
語言 zh_TW
期刊性質 國外
通訊作者 Yi-cheng Liu
國別 TWN
出版型式 ,其他

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