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Myanmar's non-resource export potential after the lifting of economic sanctions : a gravity model analysis

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  • Kubo, Koji

Abstract

Easing of economic sanctions by Western countries in 2012 augmented the prospect that Myanmar will expand its exports. This study projects Myanmar’s export potential by calculating counterfactual exports with gravity equation regressions using data from 10 Asian countries. Its empirical results indicate that Myanmar’s actual exports of non-resource goods during 2005–2010 were one–fifth of their potential, implying that exports to neighbouring countries did not compensate for exports lost to Western sanctions. Restored access to the U.S. market is expected to enhance Myanmar’s exports, particularly of apparel.

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File URL: http://ir.ide.go.jp/dspace/bitstream/2344/1273/1/ARRIDE_Discussion_No.426_kubo.pdf
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Bibliographic Info

Paper provided by Institute of Developing Economies, Japan External Trade Organization(JETRO) in its series IDE Discussion Papers with number 426.

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Date of creation: Aug 2013
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Publication status: Published in IDE Discussion Paper. No. 426. 2013.8
Handle: RePEc:jet:dpaper:dpaper426

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Keywords: Myanmar; International trade; Economic sanctions; Exports; Gravity model;

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