Market Integration through Smuggling: China's Sanction on Norwegian Salmon

• 영문명: Market Integration through Smuggling: China's Sanction on Norwegian Salmon
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Roberto J. Garcia Thi Ngan Giang Nguyen
• 간행물 정보: 『Journal of Economic Integration』제38권 제1호, 93~114쪽, 전체 22쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2023.03.31

영문 초록

Popular press accounts and the political-economics literature link awarding the 2010 Nobel Peace Prize to a Chinese dissident to China's trade sanction on Norway's whole, fresh/chilled salmon exports. Norway lost its dominant supplier share of the Chinese market as its total salmon exports to China decreased. Then, in 2011, Vietnam dramatically increased its imports of Norwegian salmon. A structural break divides the data series into two sub-periods: July 1997 to February 2011, and March 2011 to December 2018 (the sanction period). This provides statistical evidence of China imposing an unannounced trade sanction. During the sanction period, Vietnam's current monthly imports are negatively affected by China's lagged monthly imports. A decrease in China's previous monthly salmon imports from Norway “Granger causes” an increase in Vietnam's current imports. No such relationship existed before the sanction, implying that China and Vietnam's salmon markets became integrated through smuggling.

목차

I. Introduction

II. Chronology of Sanctions and Trends in Norway's Salmon Trade with China and Vietnam

III. Related Literature and Theory

IV. Data and Methodology

V. Results and Discussion

VI. Conclusions

References

키워드

Vietnam China Norwegian salmon trade sanction Granger causality and smuggling