IDEAS home Printed from https://ideas.repec.org/a/ris/integr/0158.html
   My bibliography  Save this article

Trade Liberalization, Economic Growth and Convergence: Evidence From East Asian Economies

Author

Listed:
  • Zhang, Zhaoyong

    (National University of Singapore)

Abstract

In recent years most studies analyzing cross-country convergence have ignored the role of international trade, simply framing the analysis in a Solow world. These models then have very limited power in explaining the economic growth of East Asia, given that East Asian integration is largely due to the market-driven forces, trade induced by foreign direct investment (FDI). This paper investigates the interrelationship between regional integration and economic convergence by linking income convergence to intra-regional trade and FDI. A central focus of the model is on how the degree of market integration driven through trade and FDI interacts with income convergence among the East Asian countries during the period 1960-1996. We shed light on the significance of trade openness, liberalization and regional integration in contributing to cross-country income convergence.

Suggested Citation

  • Zhang, Zhaoyong, 2001. "Trade Liberalization, Economic Growth and Convergence: Evidence From East Asian Economies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 147-164.
    • Handle: RePEc:ris:integr:0158
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Kailei Wei & Shujie Yao & Aying Liu, 2008. "Foreign Direct Investment and Regional Inequality in China," WIDER Working Paper Series RP2008-94, World Institute for Development Economic Research (UNU-WIDER).
    2. Zhang, Zhaoyong, 2003. "Can the rest of East Asia catch up with Japan: some empirical evidence," Japan and the World Economy, Elsevier, vol. 15(1), pages 91-110, January.
    3. Sebastian-Andrei LABES, 2015. "Fdi Determinants In Brics," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2), pages 296-308, August.
    4. Ab-Rahim, Rossazana & Selvarajan, Sonia Kumari & Md Noor, Nor Ghani & Affizzah Awang Marikan, Dayang, 2018. "Convergence Clubs of Economic Liberalization in ASEAN, China, and India," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(3), pages 129-141.
    5. Roberta Capello & Ugo Fratesi, 2010. "Globalization and a dual Europe: future alternative growth trajectories," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(3), pages 633-665, December.
    6. Marius Ikpe & Richard Okey Ojike & Kenneth Onyeanuna Ahamba, 2020. "Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?," Foreign Trade Review, , vol. 55(2), pages 248-260, May.
    7. Cabral, René & López Cabrera, Jesús Antonio & Padilla, Ramón, 2020. "Absolute convergence in manufacturing labour productivity in Mexico, 1993–2018: A spatial econometrics analysis at the state and municipal level," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 46492, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Kailei Wei & Shujie Yao & Aying Liu, 2007. "Foreign direct investment and regional inequality in China," Discussion Papers 07/32, University of Nottingham, GEP.
    9. Maryam Ishaq, 2020. "Regional Economic Integration and Productivity Convergence: Empirical Evidence from East Asia," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 25(2), pages 23-53, July-Dec.
    10. Thanh Tam Nguyen-Huu & Khac Minh Nguyen & Quoc Tran-Nam, 2022. "The role of environmental practices and innovation in total factor productivity convergence -Evidence from small-and medium-sized manufacturing enterprises in Vietnam," Post-Print hal-04248191, HAL.
    11. Zhaoyong Zhang & Kiyotaka Sato, 2008. "Whither A Currency Union in Greater China?," Open Economies Review, Springer, vol. 19(3), pages 355-370, July.

    More about this item

    Keywords

    Trade liberalizon; Growth; FDI;
    All these keywords.

    JEL classification:

    • 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:ris:integr:0158. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Yunhoe Kim (email available below). General contact details of provider: https://edirc.repec.org/data/desejkr.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.