NSU Research Contributions
Title : Asian Countries: Economic, Political and Social Issues
Authors : Gour Gobinda Goswami , Fidia Farah , Rafe R. Hannan
| Book Title: Does Disaggregated Political Risk in Asia and Other Countries Act as a Deterrent to Bilateral Trade Flow in the Globe? A Three | Publication Year : January 2021 | |
| Index: scopus | ISSN: 978-1-53619-027 | Publisher Name: NOVA Scientific Publications |
| Edition : 1 | Editors : Mohsen Bahmani-Oskooee, Sahar Bahmani, and Tatchawan Kanitpong | |
| ISBN : 978-1-53619-027-4 | ||
| Funding Source : None |
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Direct Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Indirect Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Sustainable Development Sub Goals : Develop quality, sustainable infrastructure Promote inclusive and sustainable industrialization Upgrade infrastructure and retrofit industries to make them sustainable Support infrastructure in developing countries |
| Impact statement: Political risk or insecurity has been perceived as a major deterrent to trade flows worldwide. Using a global dataset of countries, drawn from both OECD and Non-OECD lists, this paper examines the role of twelve different types of political risks or insecurities that act as a deterrent to trade flow across the border in a three-dimensional gravity framework. Using four different kinds of country groupings: all countries, both OECD, OECD with Non-OECD, and both Non-OECD in a Panel OLS, Panel EGLS, and TSLS set-up, we have found that the political risk or insecurity actually significantly lowers trade flow. The effect of political risk on bilateral trade flows ranges from 2% to 24% of the overall flow, depending on the type of political risk and the model we are estimating. | Collaboration: Partner University | Keywords: Political Risk; Bilateral Trade Flow; Panel Data; Bureaucracy; Corruption; Military Intervention; Gravity Equation; Three Dimen |
