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3 results for “US economy”
Shifting Dynamics in International Trade Networks: A Longitudinal Analysis of Major Exporting Economies (1992-2020): A case of the US, China, India, Japan and South Korea
<p>This article aims to analyze the changes in trading networks by bringing out aspects of centrality and reciprocity among participating countries. The research considers the trade relations of five export countries, namely, The U.S., China, India, Japan, and South Korea from 1992 to 2020. We examine whether trade networks are truly becoming more bidirectional over the long term and how the political and economic crises that have occurred in the past 30 years affect the structure of trade networks. The article presents key findings on the changes in the network structure of international trade over the past 30 years. The network structure has become more reciprocal for most product categories, and the center of the trade network has shifted from the United States to China. The analysis also demonstrated that the center of the network has shifted from U to C for all product categories, except for raw materials. The study also highlights the significant impact of global events and crises on the international trade network structure, emphasizing the importance of considering geopolitical events and economic shocks in understanding trade dynamics.</p>
Phase II: The Future of LNG for the US and Gulf Coast Economies
<p>The continued growth of Liquefied Natural Gas (LNG) production and long-distance trade has traditionally been taken as a given by global energy analysts, who have premised their positive estimates on gas being both relatively scarce and demand for it virtually unquenchable. Unfortunately, current conditions in the global energy market suggest that what many have predicted as a near perpetual increase in the volume of traded LNG is in fact a bubble that is now in the process of bursting. This report represents the efforts by the University of New Orleans Transportation Institute (UNOTI) beginning in 2014 to assist the Port of New Orleans (PONO) in evaluating the feasibility and best practices of equipping the PONO for potential storage and shore-side infrastructure for fueling vessels powered by LNG, as well as research into the feasibility of the widespread use of LNG as marine fuel, considering the new United Nation’s International Maritime Organization’s (IMO) MARPOL Annex VI maritime emissions regulations set to take effect in 2020. Additionally, this report examines both the short and long-term factors behind this new thinking about LNG, explore what it implies for the several multi-billion-dollar export projects being built in Louisiana, and the feasibility of LNG as a US export commodity and industrial feedstock to the petrochemical industry. This report concludes by suggesting that development policy aiming to assist LNG export projects are likely misplaced, and that a primary focus on value-added petrochemical manufacturing, with a secondary value as potential for a marine fuel, is a more robust path for the region’s policymakers to take.</p>
Supplementary material from: Sweidan OD (2023) Geopolitical risk and military expenditures: Evidence from the US economy. Russian Journal of Economics 9(2): 201-218. https://doi.org/10.32609/j.ruje.9.97733
Geopolitical risk and military expenditures
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