As East Asia becomes increasingly integrated through market-driven trade and FDI activities, free trade agreements (FTAs) are proliferating. Consolidation of multiple and overlapping FTAs into a single East Asian FTA can help mitigate the harmful noodle bowl effects of different or competing...

In September 2012, mixed dynamics of the main Russian foreign trade indices was observed: insignificant growth in the export and a decrease in the import (as compared to September 2011). Russia's accession to the WTO has resulted neither in sharp import growth, nor abolishment of restrictive...

This paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial countries, and as a competitor for export markets. We provide both macroeconomic and microeconomic evidence. The macroeconomic analysis focuses on the impact of U.S. and...

On 1 April 2016, the transition on period terminates for a number of enterprises, which exploit preferential customs treatment in trading of goods manufactured in the territory of the Special Economic Zone (SEZ) of the Kaliningrad region to the rest of the territory of Eurasian Economic Union (EEU)

Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...

The growing interdependency among East Asian countries means that there is concern not only on the way their macroeconomic variables are linked across borders, but also on the way shocks are transmitted as a consequence. This paper investigates the effect of macroeconomic linkages on...

Devaluation of domestic currency is traditionally believed to foster a country’s trade balance. Innumerable papers have attempted to scrutinize the exchange rate-trade balance nexus in many countries across the globe, yet their conclusions diverge as they utilize different data, time frames,...

The trade war between the United States and China since 2008 has opened strategic opportunities to increase the economic market in ASEAN countries. This research aims to answer whether the trade war led to an oligopoly or a systemic market structure as a strategy for increasing demands,...

We propose a novel indicator to capture pressures that arise at the global supply chain level, the Global Supply Chain Pressure Index (GSCPI). The GSCPI provides a new monitoring tool to gauge global supply chain conditions. We assess the index's capacity to explain inflation outcomes, using the...