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Determinants of Export Performance in East and Southeast Asia

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  • Jongwanich, Juthathip

    (Asian Development Bank)

Abstract

This paper examines patterns and determinants of exports in nine East and Southeast Asian economies, with an emphasis on the increasing important role of parts and components in total exports. To see whether exports in parts and components are "special" and to allow comparisons, export equations are estimated for three different export categories: total merchandise exports, manufacturing exports, and exports of machinery and transport equipment (SITC 7). The analysis covers the period 1990–2006, during which parts and components trade burgeoned. The estimations reveal that the growing importance in the export composition of parts and components within vertically integrated cross-border production processes has tended to weaken the nexus between real exchange rate and export performance. Supply-side factors tend to become more crucial in determining export performance.

Suggested Citation

  • Jongwanich, Juthathip, 2007. "Determinants of Export Performance in East and Southeast Asia," ADB Economics Working Paper Series 106, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0106
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    2. Grodzicki, Maciej J. & Skrzypek, Jurand, 2020. "Cost-competitiveness and structural change in value chains – vertically-integrated analysis of the European automotive sector," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 276-287.
    3. Tatiana M. C. Monteiro & Maria do Rosário A. Moreira & Paulo S. A. Sousa, 2013. "Relationship between Firm Size and Export Performance: An Exploratory Analysis," Economics and Management Research Projects: An International Journal, Open Access International Journals, vol. 3(1), pages 9-23, December.
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    5. Jongwanich, Juthathip & Kohpaiboon, Archanun, 2013. "Capital flows and real exchange rates in emerging Asian countries," Journal of Asian Economics, Elsevier, vol. 24(C), pages 138-146.
    6. Shahriar Kabir & Ruhul Salim, 2016. "Can A Common Currency Induce Intra-Regional Trade? The Southeast Asian Perspective," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 28(3), pages 218-234, November.
    7. Farhat Mahmood & Juthathip Jongwanich, 2018. "Export-enhancing Effects of Free Trade Agreements in South Asia," Journal of South Asian Development, , vol. 13(1), pages 24-53, April.
    8. Rasiah, Rajah & Shahrivar, Rafat Beigpoor & Yap, Xiao-Shan, 2016. "Institutional support, innovation capabilities and exports: Evidence from the semiconductor industry in Taiwan," Technological Forecasting and Social Change, Elsevier, vol. 109(C), pages 69-75.
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    10. Mustapha K. Nabli, 2011. "The Great Recession and Developing Countries : Economic Impact and Growth Prospects," World Bank Publications - Books, The World Bank Group, number 2539.
    11. Shahriar Kabir & Harry Bloch & Ruhul A Salim, 2018. "Global Financial Crisis And Southeast Asian Trade Performance: Empirical Evidence," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 30(2), pages 114-144, July.
    12. Shafaeddin, Mehdi, 2010. "The Role of China in Regional South-South Trade in Asia-Pacific: Prospects for industrialization of the low-income countries," MPRA Paper 26358, University Library of Munich, Germany.
    13. Robert Kelm, 2016. "Eksport, import i kurs złotego: 2000−2014," Bank i Kredyt, Narodowy Bank Polski, vol. 47(6), pages 585-620.
    14. Shib Sankar Jana & Tarak Nath Sahu & Krishna Dayal Pandey, 2024. "Growth in Foreign Trade in Liberalized India: The Relevance of FDI," Global Business Review, International Management Institute, vol. 25(1), pages 252-267, February.
    15. Amadeo Navarro Zapata & María Arrazola & José Hevia, 2024. "Determinants of High-tech Exports: New Evidence from OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1103-1117, March.
    16. James B. Ang & Jakob B. Madsen & Peter E. Robertson, 2015. "Export performance of the Asian miracle economies: The role of innovation and product variety," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(1), pages 273-309, February.
    17. Manuel Cantavella-Jordá & Carlos Guerra, 2013. "A demand for cuban tobacco exports," Journal of Developing Areas, Tennessee State University, College of Business, vol. 47(2), pages 93-107, July-Dece.
    18. Fareeha Adil & Rabia Nazir, 2023. "Firms Financial Inclusion and Export Performance: Evidence from Manufacturing Sector Firms in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(3), pages 409-430.
    19. Samih Antoine Azar, 2017. "The Determinants of Export Documentary Credit in Lebanon," Accounting and Finance Research, Sciedu Press, vol. 6(1), pages 1-68, February.
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    21. Mr. Chris Papageorgiou & Fidel Perez-Sebastian & Mr. Nikola Spatafora, 2019. "Quality Upgrading and Export Performance in the Asian Growth Miracle," IMF Working Papers 2019/259, International Monetary Fund.
    22. Radovan Kastratović, 2020. "The impact of foreign direct investment on host country exports: A meta‐analysis," The World Economy, Wiley Blackwell, vol. 43(12), pages 3142-3183, December.

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    More about this item

    Keywords

    exports; manufacturing; parts and components; Southeast Asian economies; trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts

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