South-South Trade: An Asian Perspective
AbstractThe purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (SouthâSouth trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of the policy debate on SouthâSouth trade. It then examines trends and patterns of SouthâSouth trade in Asian economies, with emphasis on the implications of the growing importance of global production sharing and the rise of the Peopleâs Republic of China, followed by an econometric analysis of the determinants of SouthâSouth trade flows within the standard gravity modeling framework. As far as developing Asian countries are concerned, there is no evidence to suggest that growth of their trade with the Southern trading partners has lagged behind what we would expect in terms of the standard determinants of trade potential. The findings also suggest that SouthâSouth trade is largely complementary to, rather than competing with, SouthâNorth trade.
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Bibliographic InfoPaper provided by The Australian National University, Arndt-Corden Department of Economics in its series Departmental Working Papers with number 2011-09.
Length: 59 pages
Date of creation: 2011
Date of revision:
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Other versions of this item:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-16 (All new papers)
- NEP-CWA-2011-09-16 (Central & Western Asia)
- NEP-INT-2011-09-16 (International Trade)
- NEP-SEA-2011-09-16 (South East Asia)
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