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The purpose of this paper is to analyze and compare the similarities in the foreign trade patterns of China and the other BRICS (Brazil, Russia, India, China and South Africa) members.

Three panel data estimations, namely, fixed effect, random effect and fully modified ordinary least squares, have been conducted in this paper based on the gravitational model of international trade for bilateral trade of each BRICS member with five United Nations (UN) regional groups from 2001 to 2015.

The results revealed that Russia has a dissimilar trade pattern, based on the Heckscher–Ohlin (H-O) framework, with these five regional groups, while the other BRICS members follow the Linder hypothesis. Furthermore, it was found that China has a faster pace of globalization, while the rest of the BRICS members have experienced regionalization rather than globalization. In addition, geographical distance, as a proxy for transportation cost, has a weaker negative effect on the trade patterns of China and India, which makes the trade patterns of BRICS members dissimilar.

To the best of the authors’ knowledge, this paper is the first attempt to examine and compare the BRICS member countries’ foreign trade pattern through a gravity trade approach.

The purpose of this paper is to explain the determination of China's agricultural foreign trade pattern since the World Trade Organization (WTO) accession.

The neoclassical trade theory indicates that differences in both technology levels and factor endowments can explain the international trade pattern. In terms of a neoclassical framework based on the restricted profit function, this paper employs the province‐level panel data to investigate whether China's agricultural foreign trade pattern is consistent with the neoclassical explanation.

The findings indicate that China's agricultural foreign trade pattern is evidently characterized by regional specific features. In the eastern region, agricultural foreign trade pattern is jointly determined by differences in technology levels and factor endowments. Agricultural foreign trade patterns are driven in the central and western regions by land and capital endowments, respectively. The findings also imply that the utilization of comparative advantage in China's agriculture needs to be exploited further.

As far as the author knows, this paper is the first to apply the neoclassical framework based on the restricted profit function and employ the province‐level panel data to investigate the determination of China's agricultural foreign trade pattern.

The main thrust of the present study is to look into the trading patterns of behavior and investment performance exhibited by individual and institutional investor categories in the Qatar Exchange (QE). The paper aims to discuss these issues.

The present study uses daily aggregated investment flows made separately by each investor group, as well as daily closing price observations of the QE stock composite index. The trading patterns of investor categories are examined by estimating a bivariate vector autoregressive process of order p, VAR (p). To determine whether each category performs well or poorly over the entire sample period, each investor category's cumulative returns are estimated and analyzed.

The empirical results reveal that institutional investors pursue positive feedback trading strategies, whereas individual investors tend to be negative feedback traders. Both investor categories appear to be engaged in herding behavior. Additionally, institutional investors perform well over almost the entire sample period. In contrast, individual investors' negative market timing ability dominates their overall poor performance.

The investment performance gap found between institutional investors and individual investors in the Qatari capital market may reflect a large information asymmetry in favour of the former category. Indeed, the poor performance of individual investors implies that their trading activities are generally driven by factors and considerations that are irrelevant to fundamentals. Moreover, their irrational trading decisions may play some role in the formation of asset price bubbles.

The present study makes the first attempt to provide empirical evidence on the investment patterns and performance of individual and institutional investors trading on the Qatari capital market.

This article uses a 22‐industry breakdown of the UK manufacturing sector to examine the effects on employment of various changes in the structure, but not the overall level, of exports, imports, and trade balances within an input‐output framework. The analyses reported relate to greater specialisation in trade, faster structural adjustment and import substitution. The results show both the industrial pattern and overall net effect of employment changes and the distinction is made between the direct employment consequences of changes in the trade balances of the industries concerned and induced employment changes via derived demands for intermediate inputs.

This paper aims to clarify the CO₂ emissions of global construction industries under the consideration of different patterns of international trade and thus to draw a comprehensive picture for understanding the international paths of CO₂ transfer to global construction industries.

This research inventories the CO₂ emissions induced by the final demand of 15 economies for construction products and explores the CO₂ intensities of these economies based on a multi-regional input–output model. This paper further decomposes CO₂ emissions into four components based on different patterns of international trade to estimate the roles of four patterns of international trade in shaping the environmental pressures from global construction industries.

The results indicate that the CO₂ intensities of the construction industries in Russia, India and China were higher than those in other economies, and the CO₂ intensities of global construction industries experienced a decline over the years 2000–2014. The decomposition analysis demonstrates that domestic and foreign CO₂ emissions accounted for 42.67 and 54.23%, respectively, of the CO₂ emissions of the construction industries in the 15 economies during the period 2000–2007. Although the major part of the CO₂ emissions of the construction industries come from domestic production systems, the final demand for construction products in the 15 economies caused substantial emissions in other economies. Further decomposition by upstream industrial production source indicates that 58.65% of domestic emissions and 66.53% of foreign emissions can be traced back to the electricity industry.

Although the major patterns of CO₂ emissions of the construction industry have been identified in this paper, the difficulty of understanding the relationship between upstream production industries or countries and the construction industry deserves more attention in the future research.

Previous research on inventorying CO₂ emissions has generally been limited to evaluating the impact of industrial consumption activities on national or global emission accounting, tending to ignore the effects of different international trade patterns on the change in industrial CO₂ emissions. This research is the first attempt to account for and decompose the CO₂ emissions of global construction industries under consideration of the effects of different patterns of international trade on environmental pressures. The decomposition and upstream industrial distributions of different patterns of CO₂ emission provide a comprehensive picture for better understanding of the emission pattern and source of the CO₂ emissions of global construction industries. The research outcomes reveal how the final demand of a country for construction products induces CO₂ emissions in both domestic and foreign systems, thus providing basic information and references for policy adjustment and strategy design in relation to mitigation of climate change and sustainable development.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

This paper aims to combine the authors' findings of widespread bilateral trade‐share persistence with some recent empirical evidence of substantial and rapid volatility in the country source of most products in order to extend the implications of this literature in several ways.

The paper focuses on the behavior of aggregate bilateral trade flows for a large number of countries over the period 1980‐2000.

The paper infers that countries are frequently switching to very different products in their export bundles to particular destinations. It also argues that the evidence of rapid product turnover in trade is not inconsistent with traditional factor endowment trade pattern predictions, as has been inferred in the literature. Finally it finds that sunk costs in international trade appear to be external to particular products going to particular destinations but internal to the sum total of bilateral trade.

The novelty of this paper resides in documenting the remarkably constant bilateral trade shares of 93 countries over the past two decades and the combination of this result with other known trade pattern characteristics to arrive at important new conclusions.

This paper uses the case of the English East India Company to consider the impact of colonialization on patterns of trade. The East India Company went through a commercial and a colonial period in Asia and therefore provides a rare case in which fixed national effects are held constant while the degree of colonialism varies. We use this variation to consider the impact of colonial institutions on the degree of concentration in overseas trade. We find that the onset of colonialism is linked to increasing inequality in the distribution of traffic across ports. This finding is significant because of the relationship between overseas trade and the potential for long-term economic development: the development trajectories of the individual ports were likely to have been affected by these different rates of trade. Our findings also highlight how the negotiation between political and commercial goals in early modern trade and imperialism produced different macro-structural outcomes for global trade patterns.

Purpose – This chapter aims to examine trade patterns and gains from trade in a two-country general equilibrium model of increasing returns and oligopoly.

Approach – A general equilibrium model of increasing returns and oligopoly.

Findings – The determination of patterns of specialization and trade and gains from trade highly depends on the interaction between the degree of increasing returns and market power as well as the cross-country difference in factor endowments.

Originality – Unlike the existing literature, we endogenize the determination of specialization by using an allocation curve approach by Ethier (1982). To our knowledge, there is no comparable study that incorporates Ethier's (1982) approach to oligopolistic models of international trade.

Research based on Bangladesh–US trade data examines the Heckscher–Ohlin model and the Rybczynski hypothesis in this study.

Ordinary least square (OLS) techniques are used in this study, which relies on data from the NBER International Trade and Geography Data and the UN Comtrade Database for the years 2018 and 2008.

The research shows that trade between the United States and Bangladesh follows Heckscher–Ohlin and Rybcyzinski's trade predictions. According to the study, since labor is in plentiful supply in Bangladesh, Bangladesh's labor-based sectors have a higher US labor-to-capital import shares than US capital-based industries. As Bangladesh has not changed significantly from a labor-based country since 2008, it retains the same pattern even though the share of US unskilled labor-based sectors imported from Bangladesh decreased in 2018.

The findings of this study have a wide range of implications for both trade theory and policy debates between Bangladesh and the United States.