The purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (South-South trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of...

Although it is well-known that a global trade regime best ensures economic welfare, there has nevertheless been a proliferation of free trade agreements (FTAs) between individual countries. This poses the challenge known as the "noodle bowl effect" - stemming from different rules of origins and...

This paper uses directed bilateral flow data on multiple dimensions of economic integration to construct a composite index of regional integration outcomes covering 19 regions in various parts of the world. As a first step, the multidimensional indicator is used to rank regions according to...

This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium...

This paper analyzes the effects of the current trade conflict on developing Asia using the Asian Development Bank's Multiregional Input - Output Table (MRIOT), allowing us to calculate the impact on individual countries and on sectors within countries. The analysis estimates the direct impact on...

Three case studies illustrate some of the secondary consequences of the search for energy security and its relationship to regional trade and cooperation: the role of the People's Republic of China, the emerging market in biofuels in Southeast Asia, and diverse feed-in tariffs for renewable...

We develop an index to measure the degree of regional integration in Asia and the Pacific (48 economies in six subregions). The index comprises 26 indicators in six dimensions of regional integration, i.e., trade and investment, money and finance, regional value chains, infrastructure and...

The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on 158 economies over the period 2006−2014. The second intention is to use the new index to evaluate empirically the possible effects of globalization on economic growth and...

This paper employs a modern global value chain (GVC) decomposition framework to quantify economic interdependence among Asian economies and between Asia and the rest of the world. It pays special attention to the value-added relationships among three sets of economies: those belonging to both...

Using panel data regressions, this paper analyzes the effect of imperfections in the formal export credit and insurance market on trade growth in the regions of Africa and Asia. An exclusive comparison of trade performance of the two regions with respect to export credit and insurance is novel...