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A measure of trade intensity and country market potential

Trade is important in driving a country’s economic growth. It has also become essential to go beyond own soil as the infrastructures and communications across countries are becoming better every year. Hence it is of great importance for policy makers to be able to measure the trade intensity of a co...

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Main Authors: Hussein, Mazlan, Hassan, Azman, Wan Ngah, Wan Azman Saini, Raja Yusof, Raja Nerina, Awang, Khairil Wahidin
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2018
Online Access:http://psasir.upm.edu.my/id/eprint/16077/1/17%29%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf
http://psasir.upm.edu.my/id/eprint/16077/
http://www.ijem.upm.edu.my/vol12no2/17)%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf
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spelling my.upm.eprints.160772019-11-12T06:42:33Z http://psasir.upm.edu.my/id/eprint/16077/ A measure of trade intensity and country market potential Hussein, Mazlan Hassan, Azman Wan Ngah, Wan Azman Saini Raja Yusof, Raja Nerina Awang, Khairil Wahidin Trade is important in driving a country’s economic growth. It has also become essential to go beyond own soil as the infrastructures and communications across countries are becoming better every year. Hence it is of great importance for policy makers to be able to measure the trade intensity of a country to identify market potential. A simple ratio between export and import of trade activities demonstrates imbalanced characteristics which add up to drawbacks in term of scaling, proportionality and symmetry issues of the existing Trade Intensity (TI) measurements. As such the analysis could potentially be erroneous due to biased and skewed characteristics. In addition, the existing TI measurements focus on bilateral trade activities between countries which do not explicitly address country market potential dimension for export opportunities that change throughout times. Thus we propose an innovative new measure of trade intensity focusing on precision trade between change in import and export elements which we named as “TI Index”. It is geometrically symmetrical, proportional and scale invariant to the changes in market potential of all products and across the world market. The pinnacle of this paper is the design and construction of an innovative new TI index for possible use in measuring country market potential. The design and construction of the TI index is geometrically illustrated using a newly constructed Geometric Trade Intensity Space Box (GTISB). This TI index provides a single number that is easy to calculate, comparable and change sensitive across all products/countries combinations globally. Faculty of Economics and Management, Universiti Putra Malaysia 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/16077/1/17%29%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf Hussein, Mazlan and Hassan, Azman and Wan Ngah, Wan Azman Saini and Raja Yusof, Raja Nerina and Awang, Khairil Wahidin (2018) A measure of trade intensity and country market potential. International Journal of Economics and Management, 12 (2). pp. 585-605. ISSN 1823-836X; ESSN: 2600-9390 http://www.ijem.upm.edu.my/vol12no2/17)%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Trade is important in driving a country’s economic growth. It has also become essential to go beyond own soil as the infrastructures and communications across countries are becoming better every year. Hence it is of great importance for policy makers to be able to measure the trade intensity of a country to identify market potential. A simple ratio between export and import of trade activities demonstrates imbalanced characteristics which add up to drawbacks in term of scaling, proportionality and symmetry issues of the existing Trade Intensity (TI) measurements. As such the analysis could potentially be erroneous due to biased and skewed characteristics. In addition, the existing TI measurements focus on bilateral trade activities between countries which do not explicitly address country market potential dimension for export opportunities that change throughout times. Thus we propose an innovative new measure of trade intensity focusing on precision trade between change in import and export elements which we named as “TI Index”. It is geometrically symmetrical, proportional and scale invariant to the changes in market potential of all products and across the world market. The pinnacle of this paper is the design and construction of an innovative new TI index for possible use in measuring country market potential. The design and construction of the TI index is geometrically illustrated using a newly constructed Geometric Trade Intensity Space Box (GTISB). This TI index provides a single number that is easy to calculate, comparable and change sensitive across all products/countries combinations globally.
format Article
author Hussein, Mazlan
Hassan, Azman
Wan Ngah, Wan Azman Saini
Raja Yusof, Raja Nerina
Awang, Khairil Wahidin
spellingShingle Hussein, Mazlan
Hassan, Azman
Wan Ngah, Wan Azman Saini
Raja Yusof, Raja Nerina
Awang, Khairil Wahidin
A measure of trade intensity and country market potential
author_facet Hussein, Mazlan
Hassan, Azman
Wan Ngah, Wan Azman Saini
Raja Yusof, Raja Nerina
Awang, Khairil Wahidin
author_sort Hussein, Mazlan
title A measure of trade intensity and country market potential
title_short A measure of trade intensity and country market potential
title_full A measure of trade intensity and country market potential
title_fullStr A measure of trade intensity and country market potential
title_full_unstemmed A measure of trade intensity and country market potential
title_sort measure of trade intensity and country market potential
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/16077/1/17%29%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf
http://psasir.upm.edu.my/id/eprint/16077/
http://www.ijem.upm.edu.my/vol12no2/17)%20A%20Measure%20of%20Trade%20Intensity%20and%20Country%20Market%20Potential.pdf
_version_ 1651869009214177280
score 13.211869

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