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The Market Driven Trade Liberalization And East Asian Regional Integration

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    Abstract

    This paper creates a new index (“index of bilateral trade relation”) to quantitatively evaluate the degree of regional economic integration based on countries’ de facto bilateral trade relations. It concludes that a fundamental arrangement of East Asian regionalism should involve at least one of the two “hub” candidates – Japan and China. It also suggests that the China-ASEAN FTA (CAFTA) may trigger domino effects of regionalism in East Asia.

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    File URL: http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP12-2008.pdf
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    Bibliographic Info

    Paper provided by Economics Section, The Graduate Institute of International Studies in its series IHEID Working Papers with number 12-2008.

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    Length: 39
    Date of creation: Mar 2004
    Date of revision: Apr 2008
    Handle: RePEc:gii:giihei:heidwp12-2008

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    Related research

    Keywords: International Economics; trade liberalization; regional integration; East Asian Regionalism;

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    1. J. M. C. Santos Silva & Silvana Tenreyro, 2006. "The Log of Gravity," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 641-658, November.
    2. K.H. Midelfart & H.G. Overman & S.J. Redding & A.J. Venables, 2000. "The location of European industry," European Economy - Economic Papers 142, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
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