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ICT Dynamics and Regional Trade Bias in Asia: Theory and Empirical Aspects

Author

Listed:
  • Tony Irawan

    (Department of Economics, Faculty of Economics and Management, Bogor Agricultural University, Indonesia)

  • Paul J.J. Welfens

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW))

Abstract

ICT Markets in Asia are characterized by the strong role of sectoral foreign direct investment (FDI) inflows, namely from the US on the one hand, and from the EU on the other. Trade flows (determined here by examining trade flows as a percentage of total merchandise exports) differ in terms of regions: Southeast Asia, East Asia, Southern Africa, EU27 and North America; e.g., Southeast Asia recorded a fairly strong rise in intra-regional trade (relative to total merchandise trade). Also, the trade flows of Asian countries are biased with regard to the regions; the share of interregional trade of Asia's regions with the EU and North America have increased over time. In some Asian regions, trade in intermediate goods has decreased over time. Bavaria's regional ICT networks are interesting to consider in light of this finding. The panel data presented sheds new light on the benefits of regional R&D spending.

Suggested Citation

  • Tony Irawan & Paul J.J. Welfens, 2016. "ICT Dynamics and Regional Trade Bias in Asia: Theory and Empirical Aspects," EIIW Discussion paper disbei224, Universitätsbibliothek Wuppertal, University Library.
    • Handle: RePEc:bwu:eiiwdp:disbei224
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Techno-globalization; international trade; MNEs; Asia;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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