Economic Integration Between China And ASEAN
With the signing in November 2001 of a China-ASEAN free trade agreement due for completion in 2010, the question of the current degree of economic integration between China and ASEAN becomes important. This papers uses international parity conditions to investigate this issue. The results indicate that China is already highly integrated with ASEAN with respect to trade in goods and services. Financial integration however remains significantly incomplete. Given that external bodies such as the WTO will increasingly dictate the pace of China's future financial liberalization, the main implication of these findings is that complimentary reforms, such as the upgrading of prudential frameworks, need to be completed as a matter of urgency in both China and ASEAN.
|Date of creation:||2003|
|Contact details of provider:|| Postal: St. Lucia, Qld. 4072|
Phone: +61 7 3365 6570
Fax: +61 7 3365 7299
Web page: http://www.uq.edu.au/economics/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Warwick J. McKibbin & K. K. Tang, 2000.
"Trade and Financial Reform in China: Impacts on the World Economy,"
The World Economy,
Wiley Blackwell, vol. 23(8), pages 979-1003, 08.
- Warwick J McKibbin & K K Tang, 1998. "The Global Economic Impacts of Trade and Financial Reform in China," Departmental Working Papers 1998-08, The Australian National University, Arndt-Corden Department of Economics, revised Sep 1998.
- Elena Ianchovichina & Terrie Walmsley, 2005.
"Impact of China's WTO Accession on East Asia,"
Contemporary Economic Policy,
Western Economic Association International, vol. 23(2), pages 261-277, 04.
- Peter C.B. Phillips & Pierre Perron, 1986.
"Testing for a Unit Root in Time Series Regression,"
Cowles Foundation Discussion Papers
795R, Cowles Foundation for Research in Economics, Yale University, revised Sep 1987.
- Tom Doan, "undated". "PPUNIT: RATS procedure to perform Phillips-Perron Unit Root test," Statistical Software Components RTS00160, Boston College Department of Economics.
- Phillips, P.C.B., 1986. "Testing for a Unit Root in Time Series Regression," Cahiers de recherche 8633, Universite de Montreal, Departement de sciences economiques.
- Azali, M. & Habibullah, M. S. & Baharumshah, A. Z., 2001. "Does PPP hold between Asian and Japanese economies? Evidence using panel unit root and panel cointegration," Japan and the World Economy, Elsevier, vol. 13(1), pages 35-50, January.
- Aggarwal, Raj & Montanes, Antonio & Ponz, Monserrat, 2000. "Evidence of long-run purchasing power parity: analysis of real asian exchange rates in terms of the Japanese yen," Japan and the World Economy, Elsevier, vol. 12(4), pages 351-361, December.
- Imad Moosa & Razzaque Bhatti, 1997. "Are Asian Markets Integrated? Evidence for Six Countries Vis-A-Vis Japan," International Economic Journal, Taylor & Francis Journals, vol. 11(1), pages 51-67.
When requesting a correction, please mention this item's handle: RePEc:qld:uq2004:329. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SOE IT)
If references are entirely missing, you can add them using this form.