IDEAS home Printed from https://ideas.repec.org/p/ris/adbewp/0559.html
   My bibliography  Save this paper

Does Regional Integration Matter for Inclusive Growth? Evidence from the Multidimensional Regional Integration Index

Author

Listed:
  • Park, Cyn-Young

    (Asian Development Bank)

  • Claveria, Racquel

    (Asian Development Bank)

Abstract

This paper employs a multidimensional approach to gauge the degree of regional integration and analyze impact on growth, inequality, and poverty. It constructs a multidimensional regional integration index (MDRII) series that embodies six key facets of regional integration: (i) trade and investment, (ii) money and finance, (iii) regional value chains, (iv) infrastructure and connectivity, (v) movement of people, and (vi) institutional and social integration. The MDRII confirms that regional integration is most advanced in the European Union which scores high in all six dimensions; Asia comes second with the largest contribution from infrastructure and connectivity. Empirical analysis suggests significant and positive development impact of regional integration even when trade and financial openness is controlled. The regional value chain, movement of people, and institutional and social integration dimensions have been significant drivers of economic growth. Infrastructure and connectivity improve income distribution. Overall integration alongside the dimensions of trade and investment, money and finance, and institutional and social integration appear to significantly and robustly reduce poverty.

Suggested Citation

  • Park, Cyn-Young & Claveria, Racquel, 2018. "Does Regional Integration Matter for Inclusive Growth? Evidence from the Multidimensional Regional Integration Index," ADB Economics Working Paper Series 559, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0559
    as

    Download full text from publisher

    File URL: https://www.adb.org/sites/default/files/publication/460681/ewp-559-regional-integration-inclusive-growth.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jennifer Twyman & Pilar Useche & Carmen Diana Deere, 2015. "Gendered Perceptions of Land Ownership and Agricultural Decision-making in Ecuador: Who Are the Farm Managers?," Land Economics, University of Wisconsin Press, vol. 91(3), pages 479-500.
    2. Ayhan Kose, M. & Prasad, Eswar S. & Terrones, Marco E., 2009. "Does openness to international financial flows raise productivity growth?," Journal of International Money and Finance, Elsevier, vol. 28(4), pages 554-580, June.
    3. Samarakoon, Shanika & Parinduri, Rasyad A., 2015. "Does Education Empower Women? Evidence from Indonesia," World Development, Elsevier, vol. 66(C), pages 428-442.
    4. Mitsuhiro Osada & Masashi Saito, 2010. "Financial Integration and Economic Growth: An Empirical Analysis Using International Panel Data from 1974-2007," Bank of Japan Working Paper Series 10-E-5, Bank of Japan.
    5. Carol Newman & Finn Tarp & Katleen van den Broeck, 2015. "Property Rights and Productivity: The Case of Joint Land Titling in Vietnam," Land Economics, University of Wisconsin Press, vol. 91(1), pages 91-105.
    6. David Roodman, 2009. "How to do xtabond2: An introduction to difference and system GMM in Stata," Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
    7. Katja Mann, 2015. "The EU, a Growth Engine? The Impact of European Integration on Economic Growth in Central Eastern Europe," FIW Working Paper series 136, FIW.
    8. Wiig, Henrik, 2013. "Joint Titling in Rural Peru: Impact on Women’s Participation in Household Decision-Making," World Development, Elsevier, vol. 52(C), pages 104-119.
    9. Montenegro, María & Mohapatra, Sandeep & Swallow, Brent, 2016. "Land Rights and Women's Empowerment in Rural Peru: Insights from Item Response Theory," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 239851, Agricultural and Applied Economics Association.
    10. Lundberg, Shelly & Pollak, Robert A, 1994. "Noncooperative Bargaining Models of Marriage," American Economic Review, American Economic Association, vol. 84(2), pages 132-137, May.
    11. Manser, Marilyn & Brown, Murray, 1980. "Marriage and Household Decision-Making: A Bargaining Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 31-44, February.
    12. Trommlerová, Sofia Karina & Klasen, Stephan & Leßmann, Ortrud, 2015. "Determinants of Empowerment in a Capability-Based Poverty Approach: Evidence from The Gambia," World Development, Elsevier, vol. 66(C), pages 1-15.
    13. Henry Karamuriro Tumwebaze & Alex Thomas Ijjo, 2015. "Regional Economic Integration and Economic Growth in the COMESA Region, 1980–2010," African Development Review, African Development Bank, vol. 27(1), pages 67-77, March.
    14. Mahmud, Simeen & Shah, Nirali M. & Becker, Stan, 2012. "Measurement of Women’s Empowerment in Rural Bangladesh," World Development, Elsevier, vol. 40(3), pages 610-619.
    15. Huh, Hyeon-Seung & Park, Cyn-Young, 2018. "Asia-Pacific regional integration index: Construction, interpretation, and comparison," Journal of Asian Economics, Elsevier, vol. 54(C), pages 22-38.
    16. McElroy, Marjorie B & Horney, Mary Jean, 1981. "Nash-Bargained Household Decisions: Toward a Generalization of the Theory of Demand," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(2), pages 333-349, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Osaulenko Oleksandr & Bulatova Olena & Zakharova Olha & Reznikova Natallia, 2021. "The problem of statistical assessment of the potential for the development of regional integration processes," Statistics in Transition New Series, Polish Statistical Association, vol. 22(4), pages 121-138, December.
    2. Ullah, Atta & Pinglu, Chen & Ullah, Saif & Qaisar, Zahid Hussain & Qian, Ningyu, 2022. "The dynamic nexus of E-Government, and sustainable development: Moderating role of multi-dimensional regional integration index in Belt and Road partner countries," Technology in Society, Elsevier, vol. 68(C).
    3. Oleksandr Osaulenko & Olena Bulatova & Olha Zakharova & Natallia Reznikova, 2021. "The problem of statistical assessment of the potential for the development of regional integration processes," Statistics in Transition New Series, Polish Statistical Association, vol. 22(4), pages 121-138, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harold Glenn A. Valera & Takashi Yamano & Ranjitha Puskur & Prakashan Chellattan Veettil & Ishika Gupta & Phoeba Ricarte & Rohini Ram Mohan, 2018. "Women’s Land Title Ownership and Empowerment: Evidence from India," Working Papers id:12926, eSocialSciences.
    2. Mishra, Khushbu & Sam, Abdoul G., 2016. "Does Women’s Land Ownership Promote Their Empowerment? Empirical Evidence from Nepal," World Development, Elsevier, vol. 78(C), pages 360-371.
    3. Leight, Jessica, 2021. "Like father, like son, like mother, like daughter: Intergenerational transmission of intrahousehold gender attitudes in Ethiopia," World Development, Elsevier, vol. 142(C).
    4. Kumar, Neha & Quisumbing, Agnes R., 2015. "Policy Reform toward Gender Equality in Ethiopia: Little by Little the Egg Begins to Walk," World Development, Elsevier, vol. 67(C), pages 406-423.
    5. Holden, Stein T. & Ali, Daniel & Deininger, Klaus & Hilhorst, Thea, 2016. "A Land Tenure Module for LSMS," CLTS Working Papers 1/16, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 16 Oct 2019.
    6. Asiedu, Elizabeth & Azomahou, Théophile T. & Getachew, Yoseph & Yitbarek, Eleni, 2021. "Share the love: Parental bias, women empowerment and intergenerational mobility," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 846-867.
    7. O'Hara, Corey & Clement, Floriane, 2018. "Power as agency: A critical reflection on the measurement of women’s empowerment in the development sector," World Development, Elsevier, vol. 106(C), pages 111-123.
    8. repec:hal:spmain:info:hdl:2441/5j2m1g6i7j8pnapkjvifl6e30f is not listed on IDEAS
    9. Catherine Kenney, 2003. "Hardship In Married And Cohabiting Parent Households: Do Cohabiting Parents Underinvest In Household Public Goods?," Working Papers 956, Princeton University, School of Public and International Affairs, Center for Research on Child Wellbeing..
    10. Gillian Hewitson, 2001. "A Survey of Feminist Economics," Working Papers 2001.01, School of Economics, La Trobe University.
    11. Francine D. Blau & Lawrence M. Kahn, 2007. "Changes in the Labor Supply Behavior of Married Women: 1980–2000," Journal of Labor Economics, University of Chicago Press, vol. 25(3), pages 393-438.
    12. Matthew J. Baker & Joyce P. Jacobsen, 2007. "Marriage, Specialization, and the Gender Division of Labor," Journal of Labor Economics, University of Chicago Press, vol. 25(4), pages 763-793.
    13. Charlene Marie Kalenkoski & Sabrina Wulff Pabilonia, 2022. "Impacts of COVID-19 on the self-employed," Small Business Economics, Springer, vol. 58(2), pages 741-768, February.
    14. Matthias Doepke & Michèle Tertilt, 2019. "Does female empowerment promote economic development?," Journal of Economic Growth, Springer, vol. 24(4), pages 309-343, December.
    15. Jacob, Arun, 2016. "Gender Bias in Educational Attainment in India : The Role of Dowry Payments," MPRA Paper 76338, University Library of Munich, Germany.
    16. Misty L. Heggeness, 2020. "Estimating the immediate impact of the COVID-19 shock on parental attachment to the labor market and the double bind of mothers," Review of Economics of the Household, Springer, vol. 18(4), pages 1053-1078, December.
    17. David Cesarini & Erik Lindqvist & Matthew J. Notowidigdo & Robert Östling, 2017. "The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries," American Economic Review, American Economic Association, vol. 107(12), pages 3917-3946, December.
    18. repec:ebl:ecbull:v:3:y:2007:i:39:p:1-7 is not listed on IDEAS
    19. Ian Smith, 2003. "The Law and Economics of Marriage Contracts," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 201-226, April.
    20. Snyder, Susan K., 1999. "Testable restrictions of Pareto optimal public good provision," Journal of Public Economics, Elsevier, vol. 71(1), pages 97-119, January.
    21. Hans Gersbach & Hans Haller, 2009. "The affectionate society: does competition for partners promote friendliness?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(3), pages 389-403, September.
    22. Doepke, Matthias & Kindermann, Fabian, 2014. "Intrahousehold Decision Making and Fertility," IZA Discussion Papers 8726, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    composite index; economic growth; inequality; poverty; regional integration;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F15 - International Economics - - Trade - - - Economic Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:adbewp:0559. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Orlee Velarde (email available below). General contact details of provider: https://edirc.repec.org/data/eradbph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.