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Market Dynamics in the EU, NAFTA, North East Asia and ASEAN: the Method of Constant Market Shares (CMS) Analysis

Author

Listed:
  • Widodo, Tri

    (Gadjah Mada University)

Abstract

One of the main aims of the regionalism and economic integration is to encourage export performance, especially intra-regional trade. The Constant Market Shares (CMS) method is commonly to examine empirically the countries’ export performance. This paper is addressed to examine the regions’ export performance by applying the CMS method. Firstly, this paper presents the developments of the method. Combining versions of the method by Leamer and Stern (1970), Richardson (1971a, 1971b) and Fagerberg and Sollie (1987), this paper comes up with another version of the method which, the competitive effect is explicitly extended. Second, the new version is then applied to analyze the dynamic markets of some regions (the EU, NAFTA, North East Asia and ASEAN) for the period 1980-2006. This paper concludes that the proliferation of regionalism and economic integrations in the beginning 1990-s caused the change in trade pattern. However, the change in trade pattern only happened in the short term.

Suggested Citation

  • Widodo, Tri, 2010. "Market Dynamics in the EU, NAFTA, North East Asia and ASEAN: the Method of Constant Market Shares (CMS) Analysis," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 25, pages 480-500.
    • Handle: RePEc:ris:integr:0513
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    Citations

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    Cited by:

    1. S C A El Maaly, 2022. "What the Analysis of 136 Studies from 1960 to 2020 Tells Us About Comparative Regionalism Studies," Economic Issues Journal Articles, Economic Issues, vol. 27(2), pages 31-85, September.
    2. Klaus Vondra, 2014. "Austria Holds Intra-EU Export Market Shares almost Constant despite Difficult Economic Environment," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 54-74.
    3. Fitrianto, Gigih & Widodo, Tri, 2017. "Generalized Constant Market Shares (G-CMS) Analysis: Composition and Partition Approach," MPRA Paper 79484, University Library of Munich, Germany.
    4. Tri WIDODO, 2017. "Multi Product and Multi Region Marketing," Journal of Advanced Research in Management, ASERS Publishing, vol. 8(1), pages 61-85.
    5. Kiyoyasu Tanaka, 2013. "Trade and Industrial Development in East Asia: Catching Up or Falling Behind by Peter C. Y. Chow , Cheltenham : Edward Elgar , 2012 , x + 397 pp," The Developing Economies, Institute of Developing Economies, vol. 51(3), pages 326-328, September.
    6. Setyastuti, Rini & Adiningsih, Sri & Widodo, Tri, 2018. "The Dynamics of Comparative Advantage in the ASEAN Region," MPRA Paper 86541, University Library of Munich, Germany.
    7. Gilbert, John & Muchová, Eva, 2018. "Export competitiveness of Central and Eastern Europe since the enlargement of the EU," International Review of Economics & Finance, Elsevier, vol. 55(C), pages 78-85.
    8. Wang, Zheng-Xin & Zheng, Hong-Hao & Pei, Ling-Ling & Jin, Tong, 2017. "Decomposition of the factors influencing export fluctuation in China's new energy industry based on a constant market share model," Energy Policy, Elsevier, vol. 109(C), pages 22-35.
    9. Christian Ragacs & Beate Resch & Klaus Vondra, 2011. "Austria’s Manufacturing Competitiveness," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 35-61.
    10. ., 2012. "Sources of Export Growth: A Constant Market Share Analysis," Chapters, in: Trade and Industrial Development in East Asia, chapter 6, Edward Elgar Publishing.
    11. Zhang Xiuqin & Xing Feifei & Guo Junhui & Khan Yasir, 2023. "Dynamic Fluctuation Measurement and Factor Decomposition of China’s Export Growth to Japan and South Korea in the Context of COVID-19," SAGE Open, , vol. 13(4), pages 21582440231, November.
    12. United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West (ed.), 2012. "Regional Cooperation for Inclusive and Sustainable Development: South and South-West Asia Development Report 2012-2013," SSWA Books and Research Reports, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West Asia Office, number brr4, May.
    13. Escaith, Hubert, 2021. "Revisiting constant market share analysis: An exercise applied to NAFTA," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 47123, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

    More about this item

    Keywords

    Constant Market Shares (CMS); Commodity and Market Adaptation Effects;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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