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Trade, Infrastructure and Transaction Costs: The Imperatives for Asian Economic Cooperation

Author

Listed:
  • De, Prabir

    (Research and Information System for Developing Countries (RIS))

Abstract

Recent literature has emphasized the importance of transaction costs and infrastructure in explaining trade, access to markets, and regional cooperation under globalization. For most Asian countries, transaction costs are a greater barrier to trade integration than import tariffs. By estimating a structural model of economic geography using cross-country data on income, infrastructure, transaction costs and trade of selected Asian economies, this paper shows that the transaction costs is statistically significant and important determinant in explaining variation in trade in Asia.

Suggested Citation

  • De, Prabir, 2006. "Trade, Infrastructure and Transaction Costs: The Imperatives for Asian Economic Cooperation," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 708-735.
    • Handle: RePEc:ris:integr:0375
    as

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    Citations

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    Cited by:

    1. Dettmer, Bianka & Freytag, Andreas & Draper, Peter, 2014. "Air Cargo beyond Trade Barriers in Africa," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 29, pages 95-138.
    2. Sénquiz-Díaz Cynthia, 2021. "Effect Size of Logistics: Evidence from Selected Countries," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 12(1), pages 123-134, January.
    3. Prabir De, 2009. "Regional Cooperation for Regional Infrastructure Development : Challenges and Policy Options for South Asia," Development Economics Working Papers 22988, East Asian Bureau of Economic Research.
    4. Salahuddin & Javed Iqbal & Misbah Nosheen, 2020. "Economic & Cultural Distance & Regional Integration: Evidence from Gravity Model Using Disaggregated Data for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(2), pages 243-274.
    5. Zsoka Koczan & Alexander Plekhanov, 2013. "How important are non-tariff barriers? Complementarity of infrastructure and institutions of trading partners," Working Papers 159, European Bank for Reconstruction and Development, Office of the Chief Economist.
    6. Prabir De & Bhisma Rout, 2008. "Transportation Cost and Trade Competitiveness : Empirical Evidence from India," Trade Working Papers 22099, East Asian Bureau of Economic Research.
    7. Jan Hanousek & Evžen Kočenda, 2015. "Determinanty evropského zahraničního obchodu: instituce, kultura, infrastruktura a geografie [Determinants of the European Trade: Institutions, Culture, Infrastructure and Geography]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(5), pages 624-640.
    8. Lahiri, Bidisha & Masjidi, Feroz K., 2012. "Landlocked Countries: A Way to Integrate with Coastal Economies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 27, pages 505-519.
    9. Mohd Fayaz & Sandeep Kaur, 2022. "India’s Merchandise Exports to Asia: A Constant Market Share Analysis," Foreign Trade Review, , vol. 57(2), pages 178-197, May.
    10. Babu, James Ochieng & Abala, Daniel & Mbithi, Mary, 2022. "Effect of Transport Infrastructure and Institutions on Inter-Regional Trade in Sub-Saharan Africa," African Journal of Economic Review, African Journal of Economic Review, vol. 10(2), March.
    11. Hanousek, Jan & Kočenda, Evžen, 2014. "Factors of trade in Europe," Economic Systems, Elsevier, vol. 38(4), pages 518-535.
    12. Chi, Junwook, 2016. "Exchange rate and transport cost sensitivities of bilateral freight flows between the US and China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 1-13.
    13. Gonzáles Argote, Heynz Roberth & Ticona Gonzáles, Ulises Amaru, 2019. "Clustering, mediterraneidad y comercio internacional: aplicación empírica de los algoritmos Partitioning Around Medoids y K-means," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 32, pages 96-130, November.
    14. Nagesh Kumar & Prabir De, 2008. "East Asian Infrastructure Development in a Comparative Global Perspective : An Analysis of RIS Infrastructure Index," Development Economics Working Papers 22114, East Asian Bureau of Economic Research.

    More about this item

    Keywords

    Asia; Gravity Model; Infrastructure; Transaction Costs; Trade;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration

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