With the revival of global economy, the issues of “exit policies” and rebalancing global growth have taken center stage in policy discussions. Since many emerging Asian economies presently have large current account surpluses, the issue of rebalancing has special significance for Asia. While...

Using an unbalanced panel dataset of bilateral exports from 1992 to 2009, this paper assesses the potential trade impacts of the expansion of the Association of Southeast Asian Nations (ASEAN) to ASEAN+3 and ASEAN+6 on the Lao People’s Democratic Republic (Lao PDR). It finds that bilateral...

This paper proposes a new empirical methodology for computing a cross-market volatility index – coined CMIX – based on the Factor DCC-model, implemented on volatility surprises. This approach solves both problems of treating high-dimensional data and estimating time-varying conditional...

The authors compare the European Community's "trade fundamentals" prevailing in the 1960s with those applying in Arab countries today. The fundamentals differ significantly-Arab countries trade much less with each other than EC members did, and the importance of such trade in GDP varies greatly....

In this paper, we investigate interdependencies between Asia-Pacific economies by using the Asian International Input-Output Table. The results of production inducement analysis show that the production inducement coefficients of many Asia-Pacific countries have recently increased, and in...

Dünya Ticaret Örgütü kapsamında gerçekleştirilen çok taraflı ticaret müzakerelerinin hedeflendiği şekilde sonuçlandırılamamasının sonucu olarak birçok ülkenin serbest ticaret anlaşmalarına yöneldiği görülmektedir. Bu kapsamda, Amerika Birleşik Devletleri, Avustralya,...

Bu çalışmada Türkiye’nin ihracat artışının kaynağı detaylı bir şekilde incelenmektedir. Bu bağlamda, Türkiye’nin ihracat büyümesi sayım yöntemi ve ihracat büyüme oranlarını ayrıştırma yöntemi olmak üzere iki farklı yöntem kullanılarak yaygın ticaret ve yoğun...

Which countries find it optimal to form an economic union? We emphasize the risk-sharing benefits of economic integration. Consider an endowment world economy model, where international financial markets are incomplete and contracts not enforceable. A union solves both frictions among member...

In this article we present evidence of the long-run effect of trade openness on income per worker for two regions that have followed different liberalization strategies, namely Asia and Latin America. A model that re-examines these questions is estimated for two panels of Asian and Latin...

Nowadays, businesses are founded on the law of excluded middle and have to make a choice between two paths: they can either choose to evolve and keep pace with the technological trends, or to stagnate and wither just like a flower without water does, and so they become useless – both ways can...