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Governance, corruption, and trade in the Asia Pacific region

Author

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  • Abe, Kazutomo
  • Wilson, John S.

Abstract

This paper examines the impact of reducing corruption and improving transparency to lower trade costs in the Asia Pacific Economic Cooperation region. The authors find, based on a computable general equilibrium model, significant potential trade and welfare gains for Asia Pacific Economic Cooperation members, with increased transparency and lower levels of corruption. Results suggest that trade in the region would increase by 11 percent and global welfare would expand by $406 billion by raising transparency to the average in the region. Most of the increase in welfare would take place in member economies undertaking reform. Among the reformers, the gross domestic product of Vietnam, Thailand, Russia, and the Philippines would increase approximately 20 percent. The benefits to Malaysia and China would also be substantial with increased transparency and lower levels of corruption.

Suggested Citation

  • Abe, Kazutomo & Wilson, John S., 2008. "Governance, corruption, and trade in the Asia Pacific region," Policy Research Working Paper Series 4731, The World Bank.
  • Handle: RePEc:wbk:wbrwps:4731
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    Citations

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    Cited by:

    1. Valery Leonidovich Makarov & Albert Raufovich Bakhtizin & Elena Davidovna Sushko & Maria Alekseevna Burilina, 0. "Development of Mathematical Model for a Quantitative Assessment of Consequences of Illegal Financial Operations," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management..
    2. Yue Li & John S. Wilson, 2009. "Trade Facilitation and Expanding the Benefits of Trade: Evidence from Firm Leval Data," Working Papers 7109, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    3. durongkaveroj, wannaphong, 2015. "The Next Chapter of ASEAN Economic Community through Integrating with the existing FTA partners (RCEP), Turkey, and Pakistan," MPRA Paper 63421, University Library of Munich, Germany.
    4. MILE 13, Truong Giang Hoang & Nguyen, Tu Anh & Nguyen, Thu Thuy, 2014. "Trade facilitation in ASEAN members - a focus on logistics policies towards ASEAN economic community," Papers 918, World Trade Institute.

    More about this item

    Keywords

    Economic Theory&Research; Free Trade; Trade Policy; Emerging Markets; Currencies and Exchange Rates;

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