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What can further market integration contribute to growth and employment? A series of hypothetical trade reform scenarios explores what countries at different levels of development can expect to gain from reforming tariffs, non-tariff barriers, trade facilitation and domestic support to...
Persistent link: https://www.econbiz.de/10011874287
This working paper draws on historical and contemporary data on tariffs, non tariff barriers, and transportation costs (for the United States and its major trading partners) to estimate the role of policy liberalization in US merchandise trade growth over the period 1980 to 2006. Both partial...
Persistent link: https://www.econbiz.de/10013152771
, particularly the move towards the AEC by 2015 and the attempts to broaden FTAs in East Asia. Ultimately, it is desirable for ASEAN …
Persistent link: https://www.econbiz.de/10010397278
Southeast Asia. In view of slowdown in growth and even recession in advanced economies as a result of the adverse impact of the … toward rising middle class of Asia. To successfully implement the new initiative of "Make in India", India needs to be …
Persistent link: https://www.econbiz.de/10011387468
each other and mutually supporting rise of a dynamic Asia. It demonstrates the thorough structural transformations that the …
Persistent link: https://www.econbiz.de/10013061646
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10012514560
ASEAN FTA (AFTA), and encouraged by ASEAN+1 (ASEAN plus one country) FTAs, more and more economies in east Asia are involved … in the region. To this end, east Asia needs to progress from the proliferation of multilayered FTAs to a region-wide FTA … of factors, from the economic to the political. East Asia is with no exception involved in the process and witnessing the …
Persistent link: https://www.econbiz.de/10009130489
Most trade-led growth strategies focus on exports. This article argues that they should not overlook imports for two main reasons. First, imports are an important determinant of export performance. Therefore, the success of an export-led growth strategy will be reduced if it only focuses on...
Persistent link: https://www.econbiz.de/10013029931
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
This paper argues that developing Asia is overlooking an opportunity for increased growth and development through trade … in business services. Developing Asia would benefit from liberalizing services trade as it has benefited from … liberalizing goods trade. This argument rests on these key findings: business services are important for growth, developing Asia is …
Persistent link: https://www.econbiz.de/10009695955