Trade Policy and Growth in Asia

Kawai, Masahiro; Wignaraja, Ganeshan

doi:10.2139/ssrn.2482100

Cited by 9 publications

(8 citation statements)

References 36 publications

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“…The economic growth fueled by the growing in size of trade and investment in the region despite the various results of the performance of nations become visible in recent years. These comprise the results of global financial crisis in 2008-2009, the risk of protectionism, the tenacity of remaining behind-the-border regulatory barriers, the failure to conclude WTO multilateral trade negotiations, and corresponding exclusion of small-and medium-sized enterprises (Kawai and Wignaraja 2014). These global issues prompted Asia economies to embark on various inventiveness, economic collaborations and integration in the sphere of trade and investment, innovation, and became interdependent among each other.…”

Section: Resultsmentioning

confidence: 99%

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Analysis of predictability and accountability transparency practices and FTA on trade growth in selected countries of the Asia-Pacific region: a descriptive-causal approach

Perkins¹,

Castaño²,

Montemayor³

2018

Economic Structures

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Trade policy is a vital tool in structuring the rules of the international trade and important to nation's trade performance and at the same time serves as a crucial instrument in securing regional growth. To exemplify this key function in the international trade system, trade policy utilizes two critical policy measures: transparency practices and free trade agreement (FTA) (Collins-Williams and Wolfe 2010; Badinger 2008). Transparency refers the "degree to which trade policies and practices, and the process by which they are established, are open and predictable" (Collins-Williams and Wolfe 2010, p. 552). Consistently, FTA is a policy measure that diminishes trade barriers among trading partners and facilitates easier flow of trade and investment in each set of conditions agreed by the parties (Fukunaga 2015). While extant literature portrays transparency and FTAs Abstract Generally, trade policies exclude provision for predictability and accountability as transparency measures and facilitates trade consensus that enhance market access, reduce trading costs, and promote cooperation. In analyzing the trajectories on transparency, free trade agreement (FTA), and trade growth, many scholars investigate international trade norms on how countries play a proactive role to increase competition and improve transparency but limited in scope on the inter-linkages between these three variables that contribute to trade and economic growth. This paper intends to address this missing link by examining the causal relationships between the two transparency measures, FTA, and trade growth from a sample of 15 countries in the Asia-Pacific region using panel regression analysis. Results show a significant impact in trade growth affected by a percent changed in predictability and FTA measures. While increase in trade disputes, i.e., less accountability transparency measure tends to decrease trade growth. By determining the effects of transparency practices and FTAs in the international trade arena, the study concludes that these trade policy tools are important parameters to boost trade growth. which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Section: Resultsmentioning

confidence: 99%

“…integration, the transfer of trade and commodities, resources and people between trade partner nations(Kawai and Wignaraja 2014).…”

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confidence: 99%

Analysis of predictability and accountability transparency practices and FTA on trade growth in selected countries of the Asia-Pacific region: a descriptive-causal approach

Perkins¹,

Castaño²,

Montemayor³

2018

Economic Structures

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“…Some scholars have assumed the growth speed of Vietnam, Korea, China and Taiwan as "dragon economy" and have asserted that their ballooning graph can"t be accurately measured in the speed that tigers gallop. In their studies, Anand et al (2014), Eichengreen et al (2013), Kawai &Wignaraja (2014), andLucas (2015) also synopsize that these East Asian countries are dragon on reason of an oversized overall growth at understandably significant and stupendous speed. Conceding with other authors, Banuri (2013) regards that as an attempt for sustainable development and Shirley (2014) considers that as an outcome of conspicuous cusp from independence to industrialization.…”

Section: Practice and Tacticsmentioning

confidence: 99%

Quest of Transitioning towards Socialism: Concept Here-so-forth & Course That Nepal Should Command Ahead

Dahal¹

2022

JAR

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Socialism is one of the key phrases on political landscape across the world, at current time. Among few major buzzwords in global politics of this century, i.e., Nation Building, State Re-structuring, Advanced Democracy, Welfare State, Public Sovereignty, and so on, currently, socialism also has been sufficiently dragging the attention of the politicians, political scientists, scholars and/or researchers in domain of Political/Social Science. All the pro-progressive scholars and politicians urge in adopting socialism orientated advancement in each sector or domain of the society including education, health, economy, governance, judiciary, bureaucracy and so on. But, there is an evident lacuna in exploring the commencement and progress track-record of socialism in terms of both practice and acknowledgement. A clearly comprehensible and communicative blueprint of-long waited and highly touted-socialism prone society is still an absolute missing. Nepal is no longer an exception with the situation of being at this sheer crossroad. Thus, this paper digs out the origin of socialism along with its base concept and gradual development of practice across the world. Further, major features that Nepal ought to embody for pro-socialism transformation as well as political activities and societal reflection prone to socialism will be minutely unearthed here on.

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“…Another explanation rests on the significant increase in the countries' trade openness, which has allowed them to receive large inflows of foreign direct investment and substantial advancement in human capital through education. Financial openness has also played an important role (Sachs et al 2001;Kawai and Wignaraja 2014;Singh 2010).…”

Section: Introductionmentioning

confidence: 99%

Are Asian Dragons and Tigers catching up?

Kozlova

Noguera-Santaella

2018

Empir Econ

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This paper studies the catching up process in per capita income of the so-called Asian Dragons and Tigers. It contributes to the literature in several ways. First, it tests the catching up hypothesis using the longest time span ever considered, from 1870 to 2014. Second, it documents the experiences of these two groups of countries and provides potential explanations for them. Third, the analysis of the paper uses the Kejriwal and Perron (J Time Ser Anal 31:305-328, 2010) algorithm which allows us to endogenously estimate multiple structural breaks in the level and the trend of the series without prior knowledge of their integration level. This surpasses technical concerns of previous empirical studies. Fourth, it inquiries into how the Asian financial crisis affected the catching up process among the Dragons and Tigers economies. KeywordsCatching up • Structural breaks • Asian Dragons • Asian Tigers JEL Classification C22 • O11 • O55 B Olesia Kozlova

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Trade Policy and Growth in Asia

Cited by 9 publications

References 36 publications

Analysis of predictability and accountability transparency practices and FTA on trade growth in selected countries of the Asia-Pacific region: a descriptive-causal approach

Analysis of predictability and accountability transparency practices and FTA on trade growth in selected countries of the Asia-Pacific region: a descriptive-causal approach

Quest of Transitioning towards Socialism: Concept Here-so-forth & Course That Nepal Should Command Ahead

Are Asian Dragons and Tigers catching up?

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