IDEAS home Printed from https://ideas.repec.org/a/icf/icfjae/v06y2007i6p7-20.html
   My bibliography  Save this article

India-ASEAN-5 Economic Integration: Impact of Liberalization

Author

Listed:
  • Huay-Huay Lee
  • Hock-Ann Lee
  • Venus Khim-Sen Liew

Abstract

Understanding the degree of integration between India and the Association of Southeast Asian Nations (ASEAN) is important to measure the impact of the proposed India-ASEAN Free Trade Area (FTA). If both India and ASEAN are well integrated, the impact of such liberalization will be small and vice versa. The Augmented Dickey-Fuller (ADF) and Phillips and Perron (PP) test results indicate that India and ASEAN are relatively integrated with respect to goods and services markets, but the Purchasing Power Parity (PPP) evidence is comparatively still a weaker one. Financial market integration, however, remains significantly incomplete. The main implication of this finding is that the impact of future liberalization will be great on financial markets. Due to the weak PPP evidence, the goods and services markets will also receive substantial impact from future liberalization. This suggests that the two regions could further exploit their partnership in FTA in their complementary areas, both in goods and services markets, and financial markets, in particular.

Suggested Citation

  • Huay-Huay Lee & Hock-Ann Lee & Venus Khim-Sen Liew, 2007. "India-ASEAN-5 Economic Integration: Impact of Liberalization," The IUP Journal of Applied Economics, IUP Publications, vol. 0(6), pages 7-20, November.
    • Handle: RePEc:icf:icfjae:v:06:y:2007:i:6:p:7-20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhao, Tiantian & Institute of Research, Asian, 2020. "The Changes and Implications of Indian Maritime Diplomacy Policy during Modi Administration," SocArXiv qb32d, Center for Open Science.
    2. Rutten, Martine & Chant, Lindsay & Meijerink, Gerdien, 2011. "Sit down at the ballgame: How trade barriers have made the world less food secure," Conference papers 332154, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Chandrima Sikdar & Biswajit Nag, 2011. "Impact of India-ASEAN Free Trade Agreement: A cross-country analysis using applies general equilibrium modelling," Working Papers 10711, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    4. Zhao, Tiantian & Institute of Research, Asian, 2020. "The Changes and Implications of Indian Maritime Diplomacy Policy during Modi Administration," OSF Preprints jt5gp, Center for Open Science.
    5. yean, tham siew & Yi, Andrew Kam Jia, 2014. "Reassessing the Impact of the ASEAN-India Free Trade Agreement," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(2), pages 99-110.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:icf:icfjae:v:06:y:2007:i:6:p:7-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: G R K Murty (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.