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Asian Economic Integration ASEAN+3+1 or ASEAN+1s?

Author

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  • Amita Batra

    (Indian Council for Research on International Economic Relations)

Abstract

In this paper an attempt is made to evaluate the most efficient approach to regional economic integration in Asia. For the purpose, Asia is defined as inclusive of ASEAN, the plus three economies of China, Japan, Korea and India that is the ASEAN plus four. Given that ASEAN is an existing regional bloc in Asia, alternative approaches to the alignment of the plus four economies with ASEAN for the formation of the ASEAN+4 trade bloc have been evaluated to determine if there are efficiency costs by way of distortion in the patterns of trade away from those expected on the basis of comparative advantage. The findings of our analysis underscore the efficiency of a prior alignment with ASEAN for all the plus four economies.

Suggested Citation

  • Amita Batra, 2006. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Trade Working Papers 22143, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:tradew:22143
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    File URL: http://www.eaber.org/node/22143
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    References listed on IDEAS

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    1. Hadi Soesastro, 2003. "An ASEAN Economic Community and ASEAN+3: How Do They Fit Together?," Asia Pacific Economic Papers 338, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    2. Frankel, Jeffrey & Stein, Ernesto & Wei, Shang-jin, 1995. "Trading blocs and the Americas: The natural, the unnatural, and the super-natural," Journal of Development Economics, Elsevier, pages 61-95.
    3. Jong-Wha Lee & Innwon Park & Kwanho Shin, 2008. "Proliferating Regional Trade Arrangements: Why and Whither?," The World Economy, Wiley Blackwell, vol. 31(12), pages 1525-1557, December.
    4. Robert Scollay & John P. Gilbert, 2001. "New Regional Trading Arrangements in the Asia Pacific?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa63.
    5. Drysdale, Peter, 1969. "Japan, Australia, New Zealand: The Prospect for Western Pacific Economic Integration," The Economic Record, The Economic Society of Australia, vol. 45(111), pages 321-342, September.
    6. Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications, The World Bank, number 15172.
    7. Ng, Francis & Yeats, Alexander, 2003. "Major trade trends in East Asia : what are their implications for regional cooperation and growth," Policy Research Working Paper Series 3084, The World Bank.
    8. Drysdale, Peter & Garnaut, Ross, 1982. "Trade Intensities and the Analysis of Bilateral Trade Flows in a Many-Country World : A Survey," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 22(2), pages 62-84, February.
    9. Thomas Vollrath, 1991. "A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), pages 265-280.
    10. Peter A. Petri, 1993. "The East Asian Trading Bloc: An Analytical History," NBER Chapters,in: Regionalism and Rivalry: Japan and the United States in Pacific Asia, pages 21-52 National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Narayanan, Badri & Hertel, Thomas & Horridge, Mark, 2009. "Disaggregated Data and Trade Policy Analysis: The Value of Linking Partial and General Equilibrium Models," GTAP Working Papers 3162, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    2. Narayanan, Badri G. & Hertel, Thomas W. & Horridge, J. Mark, 2010. "Disaggregated data and trade policy analysis: The value of linking partial and general equilibrium models," Economic Modelling, Elsevier, vol. 27(3), pages 755-766, May.

    More about this item

    Keywords

    Regional Economic Integration; Asia; efficiency cost; Comparative Advantage; first mover advantage; trade diversion;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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