ASEAN or plus alpha? The effectiveness of regional economic cooperation

Ji Won Lee; Jinhwan Oh

doi:10.1016/j.apmrv.2019.07.001

ASEAN or plus alpha? The effectiveness of regional economic cooperation

Ji Won Lee, Jinhwan Oh

Department of International Studies

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

This study examines the effectiveness of regional trading blocs in Southeast Asia utilizing the gravity model of international trade. The primary objective of this study is to determine which trading bloc – ASEAN, ASEAN3 or ASEAN6 – is most effective in creating preferential trading arrangements. We examine a comprehensive panel data for a sample of ASEAN's 10-member state countries spanning bilateral trade with 29 major trading partners over 17 years. The results reveal that the export volume of ASEAN member countries to AEAN6 member countries is 2.5 to 4 times higher than to non-member countries, thus indicating that ASEAN6 is the optimal group. In the latter portions of this paper, this paper provides policy implications to create effective and efficient trading arrangements.

Original language	English
Pages (from-to)	48-53
Number of pages	6
Journal	Asia Pacific Management Review
Volume	25
Issue number	1
DOIs	https://doi.org/10.1016/j.apmrv.2019.07.001
State	Published - Mar 2020

Bibliographical note

Funding Information:
This work was supported by the Ewha Womans University Research Grant of 1-2018-0694-001-1 .

Publisher Copyright:
© 2019 College of Management, National Cheng Kung University

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10.1016/j.apmrv.2019.07.001

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title = "ASEAN or plus alpha? The effectiveness of regional economic cooperation",

abstract = "This study examines the effectiveness of regional trading blocs in Southeast Asia utilizing the gravity model of international trade. The primary objective of this study is to determine which trading bloc – ASEAN, ASEAN3 or ASEAN6 – is most effective in creating preferential trading arrangements. We examine a comprehensive panel data for a sample of ASEAN's 10-member state countries spanning bilateral trade with 29 major trading partners over 17 years. The results reveal that the export volume of ASEAN member countries to AEAN6 member countries is 2.5 to 4 times higher than to non-member countries, thus indicating that ASEAN6 is the optimal group. In the latter portions of this paper, this paper provides policy implications to create effective and efficient trading arrangements.",

author = "Lee, {Ji Won} and Jinhwan Oh",

note = "Funding Information: This work was supported by the Ewha Womans University Research Grant of 1-2018-0694-001-1 . Publisher Copyright: {\textcopyright} 2019 College of Management, National Cheng Kung University",

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doi = "10.1016/j.apmrv.2019.07.001",

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AU - Oh, Jinhwan

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AB - This study examines the effectiveness of regional trading blocs in Southeast Asia utilizing the gravity model of international trade. The primary objective of this study is to determine which trading bloc – ASEAN, ASEAN3 or ASEAN6 – is most effective in creating preferential trading arrangements. We examine a comprehensive panel data for a sample of ASEAN's 10-member state countries spanning bilateral trade with 29 major trading partners over 17 years. The results reveal that the export volume of ASEAN member countries to AEAN6 member countries is 2.5 to 4 times higher than to non-member countries, thus indicating that ASEAN6 is the optimal group. In the latter portions of this paper, this paper provides policy implications to create effective and efficient trading arrangements.

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ASEAN or plus alpha? The effectiveness of regional economic cooperation

Abstract

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