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Cross-Border Price Differentials and Goods Market Integration in East Asia

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  • Moon, Woosik

    (Asian Development Bank Institute)

Abstract

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price differentials. Specifically, this study shows that compared with the European Union, East Asian markets are neither sufficiently integrated nor are they showing any price convergence over time.

Suggested Citation

  • Moon, Woosik, 2013. "Cross-Border Price Differentials and Goods Market Integration in East Asia," ADBI Working Papers 426, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0426
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    File URL: http://www.adbi.org/files/2013.06.27.wp426.price.differentials.market.integration.east.asia.pdf
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    References listed on IDEAS

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    Cited by:

    1. Simon J. Evenett, 2014. "Mapping crisis-era protectionism in the Asia and Pacific region," Chapters, in: Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja (ed.), A World Trade Organization for the 21st Century, chapter 6, pages 130-156, Edward Elgar Publishing.
    2. Neil Balchin & Lawrence Edwards & Asha Sundaram, 2015. "A Disaggregated Analysis of Product Price Integration in the Southern African Development Community," Journal of African Economies, Centre for the Study of African Economies, vol. 24(3), pages 390-415.
    3. Evenett, Simon, 2013. "Mapping Crisis-Era Protectionism in the Asia-Pacific Region," CEPR Discussion Papers 9783, C.E.P.R. Discussion Papers.

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    More about this item

    Keywords

    market integration; east asia; cross-border price differentials; price convergence; regionalization; exchange rate fluctuation; income gap;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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