Asia/Pacific Regional Trade Agreements: An empirical study

Jugurnath, Bhavish; Stewart, Mark; Brooks, Robert Darren

doi:10.1016/j.asieco.2007.09.003

Cited by 24 publications

(11 citation statements)

References 19 publications

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“…An increase in bilateral exchange rate, which is a depreciation of the domestic currency against the foreign currency, leads to an increase in bilateral trade regarding export (Narayan and Nguyen, 2016) and a decrease concerning import. Thus, it should have a positive sign on export and the negative sign on import (Jugurnath et al, 2007). A contra-intuitive sign reflects a weakness of trade elasticity (Trotignon, 2012).…”

Section: Empirical Results On Indonesian Total Exportmentioning

confidence: 99%

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The Impact of ASEAN-Korea Free Trade Agreements on Indonesian Export of Manufacturing Goods

Mareta¹

2018

Etikonomi

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Along with an attempt to promote the export performance of manufacturing goods, the number of investigation about the potential benefit or harm of free trade agreements is still weak in Indonesia. This paper highlights the effect of ASEAN-Korea Free Trade Agreement (AKFTA) on Indonesian export of manufacturing products since AKFTA as one of the significant initiatives in Southeast Asia is expected to boost Indonesian export. By using augmented gravity models with panel data, this paper investigates the presence of trade creation and trade diversion effects on Indonesian export with 20 trading partners, covering a 26-year period from 1990-2015. Fixed effects with least square dummy variable (LSDV) models are applied to tackle the endogeneity problems of FTA by controlling the unobserved heterogeneity. The results showed that trade diversion outweighs trade creation effects in almost all categories, confirming a decrease in export from member to non-member countries.DOI: 10.15408/etk.v17i2.7342

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Section: Empirical Results On Indonesian Total Exportmentioning

confidence: 99%

“…Later on, the model has developed by using three dummy FTA variables for trade creation, export trade diversion, and import trade diversion. Several studies using such a model are Jugurnath et al, (2007), Macphee and Sattayanuwat (2014), Yang and Martinez-Zarzoso (2014), and Kahouli and Maktouf (2015).…”

Section: Introductionmentioning

confidence: 99%

The Impact of ASEAN-Korea Free Trade Agreements on Indonesian Export of Manufacturing Goods

Mareta¹

2018

Etikonomi

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“…The sign of its coefficient is indeterminate as revealed by Jugurmath et al . (). The political stability index ( polstab ) and the corruption perception index ( cor ) are obtained from the World Governance Indicators.…”

Section: Methodsmentioning

confidence: 97%

Trade Creation and Trade Diversion Effects in the Economic Community of Central African States

İnançlı¹,

Addi²

2019

African Development Review

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This paper analyzes trade creation and trade diversion effects in the Economic Community of Central AfricanStates (ECCAS) between 2007 and 2016 using the Gravity Model. The results show that variables like GDP, population, bilateral distance, political stability and corruption are crucial for the determination of bilateral trade flow. More importantly, the study finds that there is neither trade creation nor trade diversion in the ECCAS region. Thus, the FTA in ECCAS did not lead either to reinforce intra-trade or to emphasize trade with non-member countries. Yet, the Economic Community of Central African States (CEMAC), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC) have been trade creating during the aforementioned period. Therefore, the paper recommends policy makers to promote more regional integration within ECCAS notably through the construction of intra-zone communication means and the effective establishment of the free movement of people and goods within the region.

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“…Empirical analyses focused on several factors influencing trade, such as borders (McCallum (1995); Wei (1996); Anderson-van Wincoop (2001); Mayer-Zignago (2005)), factor endowment (Rahman (2003); Schumacher (2003); Sohn (2005) ;Eicher et al (2012); Shirotori et al (2010)), common language and colonial linkages (Hutschinson (2002); Head et al (2010); Oh et al (2011);Felbermayr-Toubal (2006); Martinez-Zarzoso (2003)); institutions and corruption (AndersonMarcouiller (2002);de Groot et al (2004)); free trade agreements and regional integrations ((Martinez-Zarzoso (2003); Baier-Bergstrand (2007); Carrere (2006); Soloaga-Winters (2001) ;Jugurnath et al (2007); Coulibaly (2009) ;Anderson-Yotov (2011); Rose-van Wincoop (2001); Vicard (2009) ;Frankel-Wei (1998)). …”

Section: Factor Endowment the Linder Hypothesis And Trade Theory Thmentioning

confidence: 99%

Determinants of the exports of Hungary: Trade theory and the gravity model

Erdey

Pöstényi

2017

Acta Oeconomica

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The end of the Communist regime brought about great changes in the economies of Central and Eastern Europe; the restructuring of foreign trade was one of the biggest challenges for these countries. After the transition period, Hungary has become a very open country with its trade to GDP ratio around 1.5, while trading with more than 190 countries in 2014. The central aim of this paper is to analyze the determinants of exports for this small Central European country in the period of 1993-2014, with an emphasis on the impact of factor endowments. According to our results, economic size, common border and free trade agreements have a statistically significant positive effect on the exports of Hungary, while the coefficient of distance has the expected negative sign. We measured factor endowments with several approaches and our results show that exports of Hungary correspond to the Linder hypothesis, i.e. Hungary tends to trade more with countries having similar factor endowments, and thus its trade is based on differentiated products. JEL Classification Codes: F11, F14

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Asia/Pacific Regional Trade Agreements: An empirical study

Cited by 24 publications

References 19 publications

The Impact of ASEAN-Korea Free Trade Agreements on Indonesian Export of Manufacturing Goods

The Impact of ASEAN-Korea Free Trade Agreements on Indonesian Export of Manufacturing Goods

Trade Creation and Trade Diversion Effects in the Economic Community of Central African States

Determinants of the exports of Hungary: Trade theory and the gravity model

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