IDEAS home Printed from https://ideas.repec.org/p/eab/wpaper/21753.html
   My bibliography  Save this paper

Asian Trade Structures and Trade Potential : An Initial Analysis of South and East Asian Trade

Author

Listed:
  • Shiro Armstrong

    (Crawford)

  • Peter Drysdale
  • Kaliappa Kalirajan

Abstract

A frontier of potential trade is constructed for trade flows from a world trade matrix of trade determinants to compare East Asian trade performance with that of South Asia. The results suggest that East Asian trade, led by ASEAN, is outperforming the world while South Asia lags behind significantly. Within East Asia, the transformation of Chianis trade performance is remarkable with its accession to the WTO. Australia is efficiently integrated with East Asia and performing close to its trade frontier. There is scope to lift intraregional trade among the East Asian economies but South Asia has even more unrealised potential, including within its own region.

Suggested Citation

  • Shiro Armstrong & Peter Drysdale & Kaliappa Kalirajan, 2008. "Asian Trade Structures and Trade Potential : An Initial Analysis of South and East Asian Trade," EABER Working Papers 21753, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:wpaper:21753
    as

    Download full text from publisher

    File URL: http://www.eaber.org/node/21753
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James Harrigan, 2001. "Specialization and the volume of trade: do the data obey the laws?," Staff Reports 140, Federal Reserve Bank of New York.
    2. Shiro Armstrong, 2007. "Measuring Trade and Trade Potential: A Survey," Asia Pacific Economic Papers 368, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    3. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    4. Kalirajan, K.P., 2000. "Indian Ocean Rim Association for Regional Cooperation (IOR-ARC): Impact on Australia’s Trade," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 15, pages 533-547.
    5. Kodde, David A & Palm, Franz C, 1986. "Wald Criteria for Jointly Testing Equality and Inequality Restriction s," Econometrica, Econometric Society, vol. 54(5), pages 1243-1248, September.
    6. Ross Garnaut & David Vines, 2007. "Regional free-trade areas: sorting out the tangled spaghetti," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(3), pages 508-527, Autumn.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Deluna, Roperto Jr, 2013. "Trade Performance and Potential of the Philippines: An Application of Stochastic Frontier Gravity Model," MPRA Paper 51677, University Library of Munich, Germany.
    2. Memduh Alper Demir & Mustafa Bilik & Utku Utkulu, 2017. "The Impact of Competitiveness on Trade Efficiency: The Asian Experience by Using the Stochastic Frontier Gravity Model," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(4), pages 1-15.
    3. Biswa N Bhattacharyay, 2009. "Restoring the Asian Silk Route: Toward an Integrated Asia," Working Papers id:2165, eSocialSciences.
    4. Shiro Patrick Armstrong, 2015. "East and South Asia: Managing Difficult Bilateral Relations and Regional Integration Globally," Asian Economic Journal, East Asian Economic Association, vol. 29(4), pages 303-324, December.
    5. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    6. Ahcar, Jaime, 2018. "Colombia’s potential for trade with the European Union and other major global markets," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    7. Geetha Ravishankar Author name: Marie Stack, 2013. "The Gravity Model and Trade Efficiency: A Stochastic Frontier Analysis of Potential Trade," NBS Discussion Papers in Economics 2013/04, Economics, Nottingham Business School, Nottingham Trent University.
    8. Anbumozhi, Venkatachalam & Kalirajan, Kaliappa, 2020. "South Asia’s Economic Integration with East Asia: An Exploratory Analysis with a Focus on India," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 91-110.
    9. Deepak Kumar & Shubham Kumar & Keya Sengupta & Tapas K. Giri, 2022. "Examining the Role of Policy and Cultural Determinants on Sectoral Export Competitiveness: Evidences from India," Global Business Review, International Management Institute, vol. 23(3), pages 694-709, June.
    10. A Salim, Ruhu & Mahfuz Kabir, Mohammad, 2011. "Does More Trade Potential Remain in Arab States of the Gulf ?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 26, pages 217-243.
    11. Yichang Liu & Kaliappa Kalirajan, 2024. "Exports of Renewable Energy Goods among RCEP members: Potential and Constraints," Journal of Economic Analysis, Anser Press, vol. 3(4), pages 49-65, December.
    12. Mohd Hussain Kunroo & Imran Ahmad, 2023. "Heckscher-Ohlin Theory or the Modern Trade Theory: How the Overall Trade Characterizes at the Global Level?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 21(1), pages 151-174, March.
    13. Deluna, Roperto Jr & Cruz, Edgardo, 2014. "Philippine Export Efficiency and Potential: An Application of Stochastic Frontier Gravity Model," MPRA Paper 53580, University Library of Munich, Germany.
    14. Nguyen Xuan Trung & Nguyen Duc Hung & Nguyen Thi Hien, 2018. "Exploiting the Trade Potential from Integration: Analysing the Impact of Free Trade Agreements between ASEAN and India and China," China Report, , vol. 54(4), pages 442-466, November.
    15. Henry Chun Kwok Lei, 2017. "The Closer Economic Partnership Arrangement (CEPA) and its impacts on the export efficiency of Hong Kong and Macao," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(2), pages 141-163, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Evelyn S. Devadason & Shujaat Mubarik, 2020. "ASEAN and the EU: an assessment of interregional trade potentials," International Economics and Economic Policy, Springer, vol. 17(3), pages 705-726, July.
    2. Zwinkels, Remco C.J. & Beugelsdijk, Sjoerd, 2010. "Gravity equations: Workhorse or Trojan horse in explaining trade and FDI patterns across time and space?," International Business Review, Elsevier, vol. 19(1), pages 102-115, February.
    3. Shiro Armstrong, 2010. "Taiwan's Asia Pacific Economic Strategies Post-ECFA," EABER Working Papers 22810, East Asian Bureau of Economic Research.
    4. Md Rajibul Ahsan & Son Ngoc Chu, 2014. "The Potential and Constraints of the Exports of Environmental Goods (EGs): the case of Bangladesh," ASARC Working Papers 2014-05, The Australian National University, Australia South Asia Research Centre.
    5. Tom Kompas & Tuong Nhu Che & R. Quentin Grafton, 2004. "Technical efficiency effects of input controls: evidence from Australia's banana prawn fishery," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1631-1641.
    6. Do, Manh Hung & Nguyen, Trung Thanh & Grote, Ulrike, 2023. "Land consolidation, rice production, and agricultural transformation: Evidence from household panel data for Vietnam," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 157-173.
    7. Andriakopoulos, Konstantinos & Ladas, Augoustinos & Andriakopoulos, Panagiotis, 2020. "Bank efficiency and leasing in U.S.A. banking system," MPRA Paper 112645, University Library of Munich, Germany.
    8. Yusuke Matsuki, 2016. "A Distribution-Free Test of Monotonicity with an Application to Auctions," Working Papers e110, Tokyo Center for Economic Research.
    9. Martin Carree & Boris Lokshin & René Belderbos, 2011. "A note on testing for complementarity and substitutability in the case of multiple practices," Journal of Productivity Analysis, Springer, vol. 35(3), pages 263-269, June.
    10. Çakır, Mustafa Yavuz & Kabundi, Alain, 2013. "Trade shocks from BRIC to South Africa: A global VAR analysis," Economic Modelling, Elsevier, vol. 32(C), pages 190-202.
    11. Meenu Tewari & C. Veeramani, 2016. "Network Trade and Development: What Do Patterns of Vertically Specialized Trade in ASEAN Tell Us About India’s Place in Asian Production Networks?," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 16(2), pages 349-388, June.
    12. Inmaculada Martínez-Zarzoso & Martina Vidovic & Anca M. Voicu, 2014. "EU-Accession Effects on Sectoral Trade: A Helpman-Melitz-Rubinstein Approach with Panel Data," CESifo Working Paper Series 4903, CESifo.
    13. Leticia Blazquez & Carmen Diaz-Mora & Rosario Gandoy, 2011. "EU Integration and Production Networks: Evidende from Spain," ERSA conference papers ersa10p583, European Regional Science Association.
    14. Byron Gangnes & Ari Van Assche, 2010. "Global Production Networks in Electronics and Intra-Asian Trade," Working Papers 201004, University of Hawaii at Manoa, Department of Economics.
    15. Roy, Manish & Mazumder, Ritwik, 2016. "Technical Efficiency of Fish Catch in Traditional Fishing: A Study in Southern Assam," Journal of Regional Development and Planning, Rajarshi Majumder, vol. 5(1), pages 55-68.
    16. Almekinders, Geert J. & Eijffinger, Sylvester C. W., 1996. "A friction model of daily Bundesbank and Federal Reserve intervention," Journal of Banking & Finance, Elsevier, vol. 20(8), pages 1365-1380, September.
    17. Susan Athey & Scott Stern, 1998. "An Empirical Framework for Testing Theories About Complimentarity in Organizational Design," NBER Working Papers 6600, National Bureau of Economic Research, Inc.
    18. Alene, AD & Hassan, RM, 2003. "The Determinants Of Farm-Level Technical Efficiency Among Adopters Of Improved Maize Production Technology In Western Ethiopia," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 42(1).
    19. Margarita Genius & Spiro Stefanou & Vangelis Tzouvelekas, 2009. "Productivity Growth and Efficiency under Leontief Technology: An Application to US Steam-Electric Power Generation Utilities," Working Papers 0913, University of Crete, Department of Economics.
    20. Sean Pascoe & Phoebe Koundouri & Trond Bjørndal, 2007. "Estimating Targeting Ability in Multi-Species Fisheries: A Primal Multi-Output Distance Function Approach," Land Economics, University of Wisconsin Press, vol. 83(3), pages 382-397.

    More about this item

    Keywords

    trade; East Asia; Trade Structures;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

    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:eab:wpaper:21753. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Shiro Armstrong (email available below). General contact details of provider: https://edirc.repec.org/data/eaberau.html .

    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.