IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v15y2023i7p68.html
   My bibliography  Save this article

Import and Export of Beef Products in Tajikistan and Its Impact on the Domestic Market

Author

Listed:
  • Rishod Davlatov
  • Solomon Boamah
  • Mukut Sikder
  • Xuecheng Dou

Abstract

This study examines the influence of imports and exports of beef products on Tajikistan’s domestic market. Data from reputable sources covering the period 1999-2019, including the World Bank, Federal Bureau of Statistics, and International Financial Statistics, are utilized. The Vector Error Correction Model (VECM) and Granger causality methodology are employed to analyze the relationship between beef product imports, exports, their determinants, and the domestic market. The empirical analysis reveals that macroeconomic variables (GDP, foreign direct investment, inflation, and beef production) and the openness of the economy play a crucial role in determining the impact of imports and exports on Tajikistan’s domestic market. E-views and Stata software are used for data analysis. The findings indicate that Tajikistan imports more beef products than it exports, demonstrating a growing reliance on imported beef over the 1999-2019 period, implying a lack of competitive domestic beef production. Additionally, excessive beef exports can negatively affect domestic production and the economy. To ensure stability and sustainable economic growth, policy measures are recommended. These include implementing import tariffs to protect local producers, providing subsidies and support programs to enhance domestic production, and strategic planning to meet domestic beef demand before considering exports. By adopting these measures, Tajikistan can achieve a balanced and prosperous domestic market. These findings underscore the importance of considering the impact of beef imports and exports and implementing appropriate policies and regulations to promote a thriving domestic market.

Suggested Citation

  • Rishod Davlatov & Solomon Boamah & Mukut Sikder & Xuecheng Dou, 2023. "Import and Export of Beef Products in Tajikistan and Its Impact on the Domestic Market," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(7), pages 1-68, July.
    • Handle: RePEc:ibn:ijefaa:v:15:y:2023:i:7:p:68
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijef/article/download/0/0/48934/52744
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ijef/article/view/0/48934
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robinson, Sarah, 2020. "Livestock in Central Asia: From rural subsistence to engine of growth?," IAMO Discussion Papers 193, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    2. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    3. repec:zbw:iamodp:305468 is not listed on IDEAS
    4. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    5. Muhammad Arshad Khan, 2007. "Foreign Direct Investment and Economic Growth : The Role of Domestic Financial Sector," Finance Working Papers 22205, East Asian Bureau of Economic Research.
    6. Akramov, Kamiljon T. & Shreedhar, Ganga, 2012. "Economic development, external shocks, and food security in Tajikistan:," IFPRI discussion papers 1163, International Food Policy Research Institute (IFPRI).
    7. Mohsen Bahmani‐Oskooee & Scott W. Hegerty, 2007. "Exchange rate volatility and trade flows: a review article," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(3), pages 211-255, August.
    8. S M Ali Abbas & Jacques Bouhga-Hagbe & Antonio Fatás & Paolo Mauro & Ricardo C Velloso, 2011. "Fiscal Policy and the Current Account," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(4), pages 603-629, November.
    9. Khan, Mohsin S. & Senhadji, Abdelhak S. & Smith, Bruce D., 2006. "Inflation And Financial Depth," Macroeconomic Dynamics, Cambridge University Press, vol. 10(2), pages 165-182, April.
    10. Mohsen Bahmani‐Oskooee & Scott W. Hegerty, 2007. "Exchange rate volatility and trade flows: a review article," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(3), pages 211-255, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohsen Bahmani-Oskooee & Augustine C. Arize & Ebere Ume Kalu, 2023. "On the asymmetric effects of exchange rate volatility on the U.S. Bilateral Trade with its 12 South American partners," Economic Change and Restructuring, Springer, vol. 56(2), pages 701-732, April.
    2. Adamopoulos Antonios, 2010. "Credit Market Development and Economic Growth: An Empirical Analysis for Ireland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 3-18.
    3. Giovanni Tria & Giuseppe Galloppo, 2010. "How Does National Foreign Trade React To The European Central Bank’S Policy?," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 4(2), pages 137-151.
    4. Mohsen Bahmani-Oskooee & Ahmed Usman & Sana Ullah, 2023. "Asymmetric Impact of Exchange Rate Volatility on Commodity Trade Between Pakistan and China," Global Business Review, International Management Institute, vol. 24(3), pages 510-534, June.
    5. James Temitope Dada, 2020. "Asymmetric effect of exchange rate volatility on trade in sub-Saharan African countries," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 37(2), pages 149-162, July.
    6. Nishimura, Yusaku & Hirayama, Kenjiro, 2013. "Does exchange rate volatility deter Japan-China trade? Evidence from pre- and post-exchange rate reform in China," Japan and the World Economy, Elsevier, vol. 25, pages 90-101.
    7. Maela Giofré & Oleksandra Sokolenko, 2023. "Cross-border investment and the decline of exchange rate volatility: implications for Euro area bilateral investments," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 595-627, August.
    8. Mohsen Bahmani & Hanafiah Harvey & Scott W. Hegerty, 2013. "Empirical tests of the Marshall-Lerner condition: a literature review," Journal of Economic Studies, Emerald Group Publishing, vol. 40(3), pages 411-443, May.
    9. Yusaku Nishimura & Bianxia Sun, 2018. "China’s Exchange-Rate Regime Reform and Trade Between China and the Eurozone," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(2), pages 450-467, January.
    10. Mohsen Bahmani-Oskooee & Jehanzeb Cheema, 2009. "Short-Run And Long-Run Effects Of Currency Depreciation On The Bilateral Trade Balance Between Pakistan And Her Major Trading Partners," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 34(1), pages 19-41, June.
    11. Mohsen Bahmani-Oskooee & Huseyin Karamelikli & Farhang Niroomand, 2023. "Asymmetric effects of exchange rate volatility on trade flows: evidence from G7," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 47(1), pages 38-62, March.
    12. Nektarios A. Michail, 2018. "Estimating a Bilateral J‐curve between the UK and the Euro Area," Manchester School, University of Manchester, vol. 86(6), pages 757-769, December.
    13. Athanasios Vazakidis & Antonios Adamopoulos, 2009. "Credit Market Development and Economic Growth," American Journal of Economics and Business Administration, Science Publications, vol. 1(1), pages 34-40, March.
    14. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Scott W. Hegerty, 2012. "Exchange-Rate Volatility And Industry Trade Between The U.S. And Korea," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 37(1), pages 1-27, March.
    15. Mohini Gupta & Sakshi Varshney, 2023. "Non-linear Effect of Real Exchange Rate Variability with Macroeconomic Variable on Non-Petroleum Commodities of India– US Trade," Foreign Trade Review, , vol. 58(2), pages 289-328, May.
    16. Liu, Yifan & Popova, Ivilina, 2023. "Threats to central bank independence and exchange rate volatility: High-frequency identification with Trump’s Fed tweets," Finance Research Letters, Elsevier, vol. 53(C).
    17. Oyinlola Mutiu Abimbola & Adeniyi Oluwatosin & Kumeka Terver Theophilus, 2023. "Dependence between foreign trade performance and exchange rate volatility: Panel ARDL approach," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 9(1), pages 1-15, July.
    18. Makin, Anthony J. & Ratnasiri, Shyama, 2015. "Competitiveness and government expenditure: The Australian example," Economic Modelling, Elsevier, vol. 49(C), pages 154-161.
    19. Boonman, Tjeerd & Litsios, Ioannis & Pilbeam, Keith & Pouliot, William, 2022. "Modelling the trade balance between the northern and southern eurozone using an intertemporal approach," Journal of International Money and Finance, Elsevier, vol. 121(C).
    20. Bahmani-Oskooee, Mohsen & Hegerty, Scott W., 2008. "Exchange-rate risk and U.S.-Japan trade: Evidence from industry level data," Journal of the Japanese and International Economies, Elsevier, vol. 22(4), pages 518-534, December.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:15:y:2023:i:7:p:68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.