Determinants of Export Performance in East and Southeast Asia
AbstractAbstract This paper examines the determinants of exports in eight East and Southeast Asian economies, with an emphasis on the increasing importance of parts and components in total exports. To see whether exports in parts and components are 'special' and to allow comparisons, export equations are estimated for three different export categories: total merchandise exports, manufacturing exports and exports of machinery and transport equipment (SITC 7). The analysis is based on data for 1993-2008, a period over which parts and components trade burgeoned. The estimations indicate that the growing importance in the export composition of parts and components within vertically integrated cross-border production processes has tended to weaken the nexus of real exchange rate and export performance. World demand and supply-side factors, including foreign direct investment, tend to become more crucial in determining export performance. Copyright 2009 The Author. Journal compilation 2009 Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal World Economy.
Volume (Year): 33 (2010)
Issue (Month): 1 (01)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920
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- Shafaeddin, Mehdi, 2010. "The Role of China in Regional South-South Trade in Asia-Pacific: Prospects for industrialization of the low-income countries," MPRA Paper 26358, University Library of Munich, Germany.
- Mustapha K. Nabli, 2011. "The Great Recession and Developing Countries : Economic Impact and Growth Prospects," World Bank Publications, The World Bank, number 2539, August.
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