Empirical Studies of the Pattern of Bilateral Trade in the Asia-Pacific Region

Empirical Studies of the Pattern of Bilateral Trade in the Asia-Pacific Region
Author: Ahmad Fuad Rahmany
Publisher:
Total Pages: 140
Release: 1997
Genre: Asia
ISBN:

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This dissertation reports the results of three empirical studies concerning the pattern of bilateral trade among countries of East Asia and the Pacific Rim countries--the so-called 'Asia-Pacific' region. The first study tests several hypotheses concerning the determinants of bilateral intra-industry trade for a sample of 15 Asia-Pacific countries. It is concluded that similarity in relative factor endowments between two countries results in a higher share of intra-industry trade in the total bilateral trade (Sii) between them; however, that similarity in country size results in a lower Sii, which contradicts some findings of previous studies. Economies of scale were not found, while distance and tariffs were found to be significant determinants of intra-industry trade. The interesting result was that intra-industry trade appears to be characterized by vertically differentiated products, suggesting that the pattern of specialization was affected by the difference in technological capabilities between the developed and less developed countries in the region. The second study uses gravity-type models to make inferences about relative factor intensities of several manufacturing groups and to test the Linder hypothesis that the more similar the per capita incomes between two countries, the larger the trade in manufactured goods between them. It is found that for 1980-1993 there occurred no significant change in capital-labor intensities in the composition of the manufacturing sectors. This suggests that the relocation of manufacturing from developed to developing countries that occurred in search for low wage workers did not necessarily lead to less capital-intensive technologies. The Linder hypothesis was not found to be supported. The third study assesses the desirability of regionalization in the Asia-Pacific region. ASEAN was not, while APEC was found to be a natural trading bloc. This implies that geographical proximity between ASEAN countries is not sufficient to create a natural trading bloc. The strongest natural trading partners were found to be the East Asian countries and the U.S., suggesting that policies that exclude the U.S. from the East Asian trading bloc are welfare-worsening. The formation of a free trade area among a group of countries may result in a welfare gain if their ex-ante intra-bloc trade exceeds their external trade.

Bilateral Trade Agreements in the Asia-Pacific

Bilateral Trade Agreements in the Asia-Pacific
Author: Vinod Aggarwal
Publisher: Routledge
Total Pages: 332
Release: 2013-06-17
Genre: Business & Economics
ISBN: 1136633456

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The Asia-Pacific region has witnessed a rapid rise in bilateral preferential trade agreements at the beginning of the twenty-first century. This trend could have potentially dramatic effects on the trading patterns of countries in the transpacific region and beyond. Some argue that these accords will spur multilateral negotiations, while others believe that they will irreparably damage the trading system. Bilateral Trade Agreements in the Asia-Pacific examines the underlying political and economic factors driving these accords, based on a novel theoretical framework. Experts then provide overviews of political and economic trends in the region as well as detailed analysis of the trade strategies of Japan, China, Singapore, South Korea, Malaysia, Taiwan, Thailand, the United States and Mexico. By systematically evaluating and assessing the driving forces underlying the turn to bilateral trade agreements in the Asia-Pacific, this book provides the first comprehensive analysis of this crucial phenomenon. Growing numbers of countries both in the region and elsewhere in the world are now considering further negotiation of bilateral trade accords. Understanding how these arrangements will fit or conflict with existing institutions in the Asia-Pacific and the WTO makes this book imperative reading for policy-makers and scholars.

Bilateral Trade Agreements in the Asia-Pacific

Bilateral Trade Agreements in the Asia-Pacific
Author: Vinod Aggarwal
Publisher:
Total Pages: 328
Release: 2013
Genre:
ISBN:

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The Asia-Pacific region has witnessed a rapid rise in bilateral preferential trade agreements at the beginning of the twenty-first century. This trend could have potentially dramatic effects on the trading patterns of countries in the transpacific region and beyond. Some argue that these accords will spur multilateral negotiations, while others believe that they will irreparably damage the trading system. Bilateral Trade Agreements in the Asia-Pacific examines the underlying political and economic factors driving these accords, based on a novel theoretical framework. Experts then provide overviews of political and economic trends in the region as well as detailed analysis of the trade strategies of Japan, China, Singapore, South Korea, Malaysia, Taiwan, Thailand, the United States and Mexico. By systematically evaluating and assessing the driving forces underlying the turn to bilateral trade agreements in the Asia-Pacific, this book provides the first comprehensive analysis of this crucial phenomenon. Growing numbers of countries both in the region and elsewhere in the world are now considering further negotiation of bilateral trade accords. Understanding how these arrangements will fit or conflict with existing institutions in the Asia-Pacific and the WTO makes this book imperative reading for policy-makers and scholars.

New Regional Trading Arrangements in the Asia Pacific?

New Regional Trading Arrangements in the Asia Pacific?
Author: Robert Scollay
Publisher: Peterson Institute
Total Pages: 594
Release: 2001
Genre: Trade blocs
ISBN: 9780881323023

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What are the choices the Asia-Pacific community will face if it proceeds further down the path of developing preferential regional trading arrangements? Fragmentation of the region into preferential trading arrangements on a bilateral or subregional basis promises relatively little economic gain and considerable risk of increased trade conflict. Larger preferential trading blocs, spanning the whole of East Asia, the Western Pacific, or the APEC membership, offer greater potential economic benefits but also face formidable political obstacles. In this study, Scollay and Gilbert weigh the economic consequences of the increased use of preferential trading arrangements in the Asia-Pacific region, whether these develop on the basis of trans-Pacific cooperation or solely within the East Asian or Western Pacific sub-regions. They evaluate the economic effects of both the existing proposals for new bilateral and multilateral agreements and of more far-reaching developments involving the creation of a substantial trading bloc or blocs in the region. Comparisons between the economic effects of establishing such bloc(s) in the region and the effects of achieving APEC's Bogor goals on the basis of "open regionalism" suggest that the latter approach continues to offer a worthwhile alternative. The study demonstrates that the benefits of global free trade dominate those available from establishment of any combination of major blocs or from APEC's "open regionalism".

Regionalism, Trade and Economic Development in the Asia-Pacific Region

Regionalism, Trade and Economic Development in the Asia-Pacific Region
Author: Muhammed Abu B. Siddique
Publisher: Edward Elgar Publishing
Total Pages: 255
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1847204406

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The editor of this book is to be congratulated for providing us with the works of a group of authors who combine proficient technical skills with elegant and lucid writing capabilities. . . This book would make excellent recommended reading for both undergraduate and graduate classes in international trade and finance. Herb Thompson, Journal of Contemporary Asia This book is based on the premise that Regional Trade Agreements (RTAs) in the Asia-Pacific significantly impact on the material progress of the peoples of this region. These impacts in terms of the benefits and costs associated with RTAs will vary greatly from country to country. The internationally acclaimed contributors examine the theoretical perspective of RTAs in relation to exchange rates, the role and goals of the WTO and agriculture. The tensions and trade frictions resulting from the formation of trade blocs and their conflicts with the roles and goals of the WTO are also examined in the book. Those economies that are considered the economic powerhouses of the region including China, Japan, South Korea, major ASEAN countries and Australia are discussed in depth. The findings of the book suggest that RTAs are becoming increasingly popular in the Asia-Pacific region. However the associated costs and benefits depend on a number of complex factors including exchange rates, negotiation skills, the sectors included or excluded from the RTA, and the level of economic development of the nations signing the RTAs. The book will be particularly useful to academics, researchers, consultants, students, policy makers (including trade negotiators), and practitioners involved in trade and development in the Asia-Pacific region.

香港研究博士论文注释书目

香港研究博士论文注释书目
Author: Frank Joseph Shulman
Publisher: Hong Kong University Press
Total Pages: 878
Release: 2001-01-01
Genre: Language Arts & Disciplines
ISBN: 9789622093973

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A descriptively annotated, multidisciplinary, cross-referenced and extensively indexed guide to 2,395 dissertations that are concerned either in whole or in part with Hong Kong and with Hong Kong Chinese students and emigres throughout the world.

Do Regional Trade Agreements Increase Trade? Empirical Evidence from the Asia-Pacific Region

Do Regional Trade Agreements Increase Trade? Empirical Evidence from the Asia-Pacific Region
Author: Behrooz Gharleghi
Publisher:
Total Pages: 0
Release: 2020
Genre:
ISBN:

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This article examines the effects of regional trade agreements. The augmented gravity model of international trade is used to test for trade creation and diversion in the context of trade agreements in the Asia-Pacific region. The results of the estimated model indicate that trade has increased among the members of AFTA and APTA but not among the AANZFTA members. Differences in the levels of development appear to have a significant impact on trade flows, suggesting that there can be no general presumption about the extent of trade creation and trade diversion.

The Regionalization of the World Economy

The Regionalization of the World Economy
Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
Total Pages: 295
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226260224

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Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.