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Explaining Trade Flows of Singapore

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  • Hans C. Blomqvist

Abstract

The objective of this paper is twofold. First, the development of the trade patterns of Singapore and particularly between Singapore and its South‐East Asian partners will be outlined and interpreted against a backdrop of relevant trade policy measures, for example in the context of the Association of Southeast Asian Nations (ASEAN). Second, a simple model of the gravity type is applied in order to establish and quantify the role of various trade determinants. Despite the fact that Singapore has strived at being a ‘global city’, it remains rather heavily biased towards East Asia as far as foreign trade is concerned. The role of ASEAN in particular is strong, even if the role of entrepôt trade tends to exaggerate the degree of integration between the economies of Singapore and ASEAN. It also seems clear that the latter, as an organization, has not contributed much to the development of trade relations between its members. Rather the closeness and the liberalization of these economies during the last 15 years or so appear to have been decisive. It is interesting to note that the newer members of ASEAN seem to have been integrated quickly in Singapore's economic network.

Suggested Citation

  • Hans C. Blomqvist, 2004. "Explaining Trade Flows of Singapore," Asian Economic Journal, East Asian Economic Association, vol. 18(1), pages 25-43, March.
    • Handle: RePEc:bla:asiaec:v:18:y:2004:i:1:p:25-43
    DOI: 10.1111/j.1467-8381.2004.00180.x
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    Cited by:

    1. Maria Cipollina & Luca Salvatici, 2010. "Reciprocal Trade Agreements in Gravity Models: A Meta‐Analysis," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 63-80, February.
    2. repec:agr:journl:v:xxxi:y:2024:i:2(639):p:325-340 is not listed on IDEAS
    3. Rosmaiza A. Ghani & Michael P. Cameron & William Cochrane & Matthew Roskruge, 2019. "A Gravity Model Estimation of the Bi-Directional Relationship between International Trade and Migration," Working Papers in Economics 19/02, University of Waikato.
    4. Soumendu Biswas & Vijai N. Giri & Kailash B. L. Srivastava, 2006. "Examining the Role of HR Practices in Improving Individual Performance and Organizational Effectiveness," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 31(2), pages 111-133, May.
    5. Md. Sadik Pavel & Seikh Ruksana Burhan & Tanim Papiya, 2019. "Should Bangladesh Export to Countries with Better Institutional or Comparatively Similar Institutional Form?," International Economic Journal, Taylor & Francis Journals, vol. 33(1), pages 9-26, January.
    6. Narayan, Seema & Nguyen, Tri Tung, 2016. "Does the trade gravity model depend on trading partners? Some evidence from Vietnam and her 54 trading partners," International Review of Economics & Finance, Elsevier, vol. 41(C), pages 220-237.
    7. Cardamone, Paola, 2007. "A Survey of the Assessments of the Effectiveness of Preferential Trade Agreements using Gravity Models," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 60(4), pages 421-473.

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