Market-Driven Trading Blocs in East Asia: Empirical Evidence from 1980 to 2000
AbstractIn this paper we apply the gravity model to provide empirical evidence of market-driven trading blocs in East Asia for the period from 1980 to 2000. Special attention is paid on the role of mainland China’s openness in shaping East Asia’s trade pattern. Several trading blocs are empirically supported from the regression. (1) Firstly, there is significant evidence of a trading bloc within a Chinese circle, including Taiwan, Hong Kong, and mainland China. Although trade flows between Taiwan and mainland China were severely suppressed before 1987, the Chinese circle as a whole is highly integrated in terms of trade, indicating the important role Hong Kong plays as a trading agent in the Chinese circle. (2) The East Asian bloc appeared in the late 1980s and became more and more significant in the early 1990s. Although the bloc phenomenon in East Asia weakened right after the Asian crisis, it re-fostered again a few years later.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" 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.
Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 23 (2008)
Issue (Month): ()
Trading blocs; Gravity model; East Asian bloc; Chinese circle;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F15 - International Economics - - Trade - - - Economic Integration
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jong-Eun Lee).
If references are entirely missing, you can add them using this form.