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Asian Trade Structures and Trade Potential : An Initial Analysis of South and East Asian Trade

Author

Listed:
  • Shiro Armstrong

    (Crawford)

  • Peter Drysdale
  • Kaliappa Kalirajan

Abstract

A frontier of potential trade is constructed for trade flows from a world trade matrix of trade determinants to compare East Asian trade performance with that of South Asia. The results suggest that East Asian trade, led by ASEAN, is outperforming the world while South Asia lags behind significantly. Within East Asia, the transformation of Chianis trade performance is remarkable with its accession to the WTO. Australia is efficiently integrated with East Asia and performing close to its trade frontier. There is scope to lift intraregional trade among the East Asian economies but South Asia has even more unrealised potential, including within its own region.

Suggested Citation

  • Shiro Armstrong & Peter Drysdale & Kaliappa Kalirajan, 2008. "Asian Trade Structures and Trade Potential : An Initial Analysis of South and East Asian Trade," EABER Working Papers 21753, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:wpaper:21753
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    File URL: http://www.eaber.org/node/21753
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    References listed on IDEAS

    as
    1. James Harrigan, 2001. "Specialization and the volume of trade: do the data obey the laws?," Staff Reports 140, Federal Reserve Bank of New York.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anbumozhi, Venkatachalam & Kalirajan, Kaliappa, 2020. "South Asia’s Economic Integration with East Asia: An Exploratory Analysis with a Focus on India," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 91-110.
    2. Deluna, Roperto Jr, 2013. "Trade Performance and Potential of the Philippines: An Application of Stochastic Frontier Gravity Model," MPRA Paper 51677, University Library of Munich, Germany.
    3. Deepak Kumar & Shubham Kumar & Keya Sengupta & Tapas K. Giri, 2022. "Examining the Role of Policy and Cultural Determinants on Sectoral Export Competitiveness: Evidences from India," Global Business Review, International Management Institute, vol. 23(3), pages 694-709, June.
    4. A Salim, Ruhu & Mahfuz Kabir, Mohammad, 2011. "Does More Trade Potential Remain in Arab States of the Gulf ?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 26, pages 217-243.
    5. Yichang Liu & Kaliappa Kalirajan, 2024. "Exports of Renewable Energy Goods among RCEP members: Potential and Constraints," Journal of Economic Analysis, Anser Press, vol. 3(4), pages 49-65, December.
    6. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    7. Memduh Alper Demir & Mustafa Bilik & Utku Utkulu, 2017. "The Impact of Competitiveness on Trade Efficiency: The Asian Experience by Using the Stochastic Frontier Gravity Model," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(4), pages 1-15.
    8. Biswa N Bhattacharyay, 2009. "Restoring the Asian Silk Route: Toward an Integrated Asia," Working Papers id:2165, eSocialSciences.
    9. Mohd Hussain Kunroo & Imran Ahmad, 2023. "Heckscher-Ohlin Theory or the Modern Trade Theory: How the Overall Trade Characterizes at the Global Level?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 21(1), pages 151-174, March.
    10. Deluna, Roperto Jr & Cruz, Edgardo, 2014. "Philippine Export Efficiency and Potential: An Application of Stochastic Frontier Gravity Model," MPRA Paper 53580, University Library of Munich, Germany.
    11. Nguyen Xuan Trung & Nguyen Duc Hung & Nguyen Thi Hien, 2018. "Exploiting the Trade Potential from Integration: Analysing the Impact of Free Trade Agreements between ASEAN and India and China," China Report, , vol. 54(4), pages 442-466, November.
    12. Henry Chun Kwok Lei, 2017. "The Closer Economic Partnership Arrangement (CEPA) and its impacts on the export efficiency of Hong Kong and Macao," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(2), pages 141-163, April.
    13. Shiro Patrick Armstrong, 2015. "East and South Asia: Managing Difficult Bilateral Relations and Regional Integration Globally," Asian Economic Journal, East Asian Economic Association, vol. 29(4), pages 303-324, December.
    14. Ahcar, Jaime, 2018. "Colombia’s potential for trade with the European Union and other major global markets," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    15. Geetha Ravishankar Author name: Marie Stack, 2013. "The Gravity Model and Trade Efficiency: A Stochastic Frontier Analysis of Potential Trade," NBS Discussion Papers in Economics 2013/04, Economics, Nottingham Business School, Nottingham Trent University.

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    More about this item

    Keywords

    trade; East Asia; Trade Structures;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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