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A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (28 February 2022) | Viewed by 18761

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Prof. Dr. Jungho Baek

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Department of Economics, College of Business and Security Management, University of Alaska, Fairbanks, AK 99775, USA
Interests: international trade; energy economics; the economics of environment and trade and econometric modeling
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Trade is believed to be one of the driving factors affecting the world economy. Trade is also thought to be a key variable explaining the difference in economic growth in developed and developing countries. Among other things, however, high transportation costs are an obstacle and discourage international trade, although trade barriers (e.g., tariffs and non-tariff barriers) have been reduced considerably since the creation of the World Trade Organization (WTO). This implies much larger payoffs to be had on the world economy by lowering transportation costs and, hence, boosting international trade. The purpose of the current Special Issue is to provide a collection of high-quality research papers covering a wide range of topics related to the international trade aspects of transportation, government policies regarding trade and transportation, and issues of concern to transportation and trade policymakers. This Special Issue will advance our understanding and knowledge of the market and welfare implications of the transportation–trade nexus.

Prof. Dr. Jungho Baek
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

Trade and policy
Transportation costs
Sea–air transportation
Energy–transportation nexus

Published Papers (6 papers)

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Research

22 pages, 3830 KiB

Open AccessArticle

The American–China Trade War and Spillover Effects on Value-Added Exports from Indonesia

by Rudi Purwono, Unggul Heriqbaldi, Miguel Angel Esquivias and M. Khoerul Mubin

Sustainability 2022, 14(5), 3093; https://doi.org/10.3390/su14053093 - 07 Mar 2022

Cited by 5 | Viewed by 4306

Abstract

This paper examines the impact of special tariffs between China and the United States (US) on their indirect trade partners via spillover effects. We applied a Value-Added Real Effective Exchange Rate (VA-REER) index to simulate how an increase in tariffs induces changes in demand for goods from Indonesia and selected Asian partners. We used the Input–Output Database (WIOD) to simulate the spillover effects across partners via the Global Value Chain (GVC) using data from 2000 to 2014. The results suggest that demand is doubly more responsive to prices (tariffs) when value-added (VA-REER) index is used instead of the conventional REER index (gross trade). We found that US tariffs on Chinese goods have a negative spillover impact on Indonesia’s exports. Meanwhile, the Chinese tariffs on American goods lead to small increased demand for Indonesian exports. We also found that US and China become equally crucial for Indonesia under the Value-Added REER scheme, concluding that the conventional REER approach may have underestimated the impact of US tariffs on Chinese goods. Finally, we found that Indonesia would be at risk to trade shocks if the US applies tariffs on China, Asian partners (Japan and South Korea), and the European Union (EU). Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

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19 pages, 1059 KiB

Open AccessArticle

Comparative Analysis of Locational Factors and Their External Influence on Free-Trade Port Zones in China

by Lian-Sheng Tang, Xiang Tan, Peng Guo, Ting-Ting Huang and Tie-Li Liu

Sustainability 2022, 14(4), 2232; https://doi.org/10.3390/su14042232 - 16 Feb 2022

Cited by 4 | Viewed by 1899

Abstract

In the context of regional economic integration, free-trade port zones (FTPZs) have become a powerful platform for attracting high-quality international investment and promoting national economic development. It is worthwhile, then, to explore the hidden value of the locational factors of FTPZs in the process of their construction. Specifically, analyzing the key locational factors of FTPZs and their influences on the locational value can help to improve the ability of FTPZs to add value through factor congregation and further promote the development of regional economies. This study, therefore, analyzes the locational factors of the Shanghai and Ningbo-Zhoushan free-trade ports using an econometric model. The corresponding external influences of locational factors are examined as well. The results show that regional economic development level, industrial structure, port and shipping system, capital accumulation, talent quality, institutional policies, market scale, market consumption potential, and market openness are the essential factors affecting the locational value of FTPZs. Based on our analysis and comparison of the location characteristics and locational value of the Shanghai and Ningbo-Zhoushan free-trade ports, three constructive suggestions are made to enhance the locational value of free-trade ports based on the actual situation of the Ningbo-Zhoushan free-trade port. These suggestions can also maximize the value of free-trade ports’ locations and promote high-quality regional economic growth. Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

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22 pages, 293 KiB

Open AccessArticle

Does High-Speed Railway Opening Improve the M&A Behavior?

by Lin Han, Xingchan Li and Yanshu Yang

Sustainability 2022, 14(3), 1206; https://doi.org/10.3390/su14031206 - 21 Jan 2022

Cited by 3 | Viewed by 1540

Abstract

High-speed railway (HSR) shortens the spatial and temporal distance between regions and has a profound impact on regional economy and enterprise decision-making. This study investigates the impact of opening a high-speed railway (HSR) on enterprises’ mergers and acquisitions (M&A) behavior in China. Our findings suggest that the opening of HSR promotes the M&A activities of listed companies, and the opening of non-intercity HSR has a more obvious effect on the promotion of M&A decisions of enterprises. The results were robust after a series of robustness checks. Hence, the spatiotemporal squeezing effect generated by opening an HSR significantly improves the efficiency of information exchange and decreases the transaction costs of listed companies, which greatly promotes the M&A decisions of enterprises. Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

18 pages, 3010 KiB

Open AccessArticle

An Analysis of the Dynamic Relationship between the Global Macroeconomy and Shipping and Shipbuilding Industries

by Sunghwa Park, Janghan Kwon and Taeil Kim

Sustainability 2021, 13(24), 13982; https://doi.org/10.3390/su132413982 - 17 Dec 2021

Cited by 6 | Viewed by 2667

Abstract

Using time-series data from January 2006 to February 2021, this study analyzed the effect of macroeconomic shocks on the shipping and shipbuilding industries. The Granger causality test, recursive structural vector autoregressive models, impulse response analysis, historical decomposition, and local projections model were used to identify the dynamic relationships between the variables and their dynamic effects, based on the results of the theoretical model and previous research. First, the Granger causality test demonstrated that the macroeconomic variables have causal relations with the shipping and shipbuilding industries. Second, the recursive structural vector autoregressive estimation demonstrated that the direction of the shocks from macroeconomic variables is statistically significantly, consistent with the theoretical model. The same results were found in the recursive structural vector autoregressive model and local projection impulse response analysis. Finally, the historical decomposition identified the main causal variables affecting the shipping and shipbuilding industries by period. These findings can help policymakers, operators of shipping and shipbuilding companies, and investors evaluate and make policy-supporting decisions on industry conditions. Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

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14 pages, 1253 KiB

Open AccessArticle

Analysis of the Use and Perception of Shared Mobility: A Case Study in Western Australia

by Craig Standing, Ferry Jie, Thi Le, Susan Standing and Sharon Biermann

Sustainability 2021, 13(16), 8766; https://doi.org/10.3390/su13168766 - 05 Aug 2021

Cited by 5 | Viewed by 3151

Abstract

The sharing economy has acquired a lot of media attention in recent years, and it has had a significant impact on the transport sector. This paper investigates the existing impact and potential of various forms of shared mobility, concentrating on the case study of Wanneroo, Western Australia. We adopted bibliometric analysis and visualization tools based on nearly 700 papers collected from the Scopus database to identify research clusters on shared mobility. Based on the clusters identified, we undertook a further content analysis to clarify the factors affecting the potential of different shared mobility modes. A specially designed questionnaire was applied for Wanneroo’s residents to explore their use of shared mobility, their future behaviour intentions, and their perspectives on the advantages and challenges of adoption. The empirical findings indicate that the majority of respondents who had used shared mobility options in the last 12 months belong to the low-mean-age group. The younger age group of participants also showed positive views on shared mobility and would consider using it in the future. Household size in terms of number of children did not make any impact on shared mobility options. Preference for shared mobility services is not related to income level. Bike sharing was less commonly used than the other forms of shared mobility. Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

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19 pages, 2394 KiB

Open AccessArticle

International Trade and Sustainability: Bibliometric and Cluster Analysis

by Manuel Jiménez-Almazán, Juan Uribe-Toril and José Luis Ruiz-Real

Sustainability 2020, 12(17), 6816; https://doi.org/10.3390/su12176816 - 22 Aug 2020

Cited by 2 | Viewed by 4052

Abstract

This article studies the scientific research literature that focuses on the terms related to international trade and sustainability. For this, a bibliometric analysis using the Web of Science database and a cluster analysis on the results obtained carried out. With regard to the results, it can be pointed out that, despite being closely linked, the terms have opposing characteristics and are included in a wide variety of research trends such as those related to agriculture, industry or carbon footprint. This article is of special importance for researchers who want to have a holistic view of international trade and sustainability by identifying its main indicators in the scientific literature. Full article

(This article belongs to the Special Issue Transportation Economics and International Trade and Policy)

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