The Rise of China: Prospects of Regional Trade Policy
AbstractChina now engages in multilateral trade liberalization as a new member of the WTO. Concurrently, the number of regional trade agreements is increasing worldwide. China and its trading partners would benefit from increased regional liberalization. Using a gravity equation for 23 Asia-Pacific countries between 1992 and 2000, we show that ASEAN and APEC currently have small effects on Asia-Pacific exports, which are mainly influenced by growth, trade barriers and common language. However, we find that Chinaâs participation in regional agreements has large export potentials, not only with respect to ASEAN, but also in a broad agreement including South- and East-Asian countries.
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Bibliographic InfoArticle provided by Springer in its journal Review of World Economics.
Volume (Year): 141 (2005)
Issue (Month): 3 (October)
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Other versions of this item:
- Filip Abraham & Jan Van Hove, 2005. "The Rise of China: Prospects of Regional Trade Policy," Center for Economic Studies - Discussion papers ces0506, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
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