International Trade of Isolated Countries: The Case of Myanmar and North Korea
AbstractUsing a gravity model, this study examines trade patterns of two isolated economies - Myanmar and North Korea. This study finds that two countries' trade is basically consistent with the prediction of the gravity model. However, economic sanctions toward these countries imposed by the U.S. and other developed countries have distorted their trade pattern, and it turns out that China is exerting its power in place of other santion-participating countries. Relevant policy implications follow.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p1764.
Date of creation: Sep 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-05 (All new papers)
- NEP-INT-2011-12-05 (International Trade)
- NEP-SEA-2011-12-05 (South East Asia)
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