What role do economic factors such as GDP, inflation, and exchange rates play in shaping trade structures?
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Economic factors such as GDP, inflation, and exchange rates play a significant role in shaping trade structures. GDP has a double role in determining both the existence and volume of trade linkages in the International Trade Network (ITN) . Inflation and exchange rates also have a significant effect on exports in ASEAN countries, with an increase in inflation or exchange rates leading to a decrease in exports . The classical gravity model of trade, which focuses on trade volumes, and the fitness model, which focuses on the topology of the ITN, have limitations in fully characterizing the ITN. However, a new GDP-driven model has been proposed that can simultaneously reproduce the binary and weighted properties of the ITN, using GDP as a macroeconomic factor . This model highlights the asymmetry between binary and weighted network properties, where binary properties can be inferred without knowledge of weighted ones, but not vice versa .
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| The provided paper does not discuss the role of economic factors such as GDP, inflation, and exchange rates in shaping trade structures. | |
| The provided paper does not mention the role of GDP in shaping trade structures. However, it does mention that inflation and exchange rates have a negative and significant effect on exports in the five ASEAN countries. | |
| The provided paper does not discuss the role of economic factors such as GDP, inflation, and exchange rates in shaping trade structures. | |
| The provided paper does not discuss the role of economic factors such as GDP, inflation, and exchange rates in shaping trade structures. |
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