Modern Tools for Evaluating the Effects of Global Trade Wars

This article reviews the most well-known tools for quantifying the effects of trade wars. The most highly cited works on mathematical models that simultaneously consider the economic systems of several states participating in international relations are analyzed. The analysis showed some bias of the...

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Bibliographic Details
Published inHerald of the Russian Academy of Sciences Vol. 89; no. 4; pp. 432 - 440
Main Authors Makarov, V. L., Wu, J., Wu, Z., Khabriev, B. R., Bakhtizin, A. R.
Format Journal Article
LanguageEnglish
Published Moscow Pleiades Publishing 01.07.2019
Springer Nature B.V
Subjects
Abroad
Chemistry/Food Science
Earth and Environmental Science
Earth Sciences
Economic analysis
Economic models
Economics
Engineering
Environment
International relations
International trade
Life Sciences
Mathematical models
Social Sciences
international relations
trade wars
computational experiments
economic and mathematical models
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Summary:This article reviews the most well-known tools for quantifying the effects of trade wars. The most highly cited works on mathematical models that simultaneously consider the economic systems of several states participating in international relations are analyzed. The analysis showed some bias of the results in favor of certain countries and a lack of consideration of the specific features of the economic systems of most of the subjects under study. We will present information about the model complex being developed for evaluating the effects of intercountry trade wars and the results of its use for calculating measures taken by other countries against Russia and China in the next article.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
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ISSN:1019-3316
1555-6492
DOI:10.1134/S1019331619040063