The paper analyses sectoral patterns of intra-Asian trade for selected Asian countries as well as for sub … extra-Asian trade, almost all sample countries concentrate their intra-Asian exports more on non-manufactures. Within … manufactures, resource-intensive goods still play a larger role in intra-Asian trade than in trade outside Asia. This reflects both …

trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent … are already highly integrated in terms of trade and factor mobility. The potential discrimination effect against trade … to Europe. At the same time, so-called overlap or similarity indices for trade patterns show an increasing similarity …

. In choosing between these alternatives, they face a trade-off between higher variable distance costs when exporting and …