The Rise of China: Prospects of Regional Trade Policy
Abraham, Filip Van Hove, Jan
Abraham, Filip
Van Hove, Jan
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2005-10
Journal
Review of World Economics
Book
Publication Volume
141
Publication Issue
3
Publication Begin page
486
Publication End page
509
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Abstract
China now engages in multilateral trade liberalization as a new member of the WTO. Concurrently, the number of regional trade agreements is increasing worldwide. China and its trading partners would benefit from increased regional liberalization. Using a gravity equation for 23 Asia-Pacific countries between 1992 and 2000, we show that ASEAN and APEC currently have small effects on Asia-Pacific exports, which are mainly influenced by growth, trade barriers, and common language. However, we find that China’s participation in regional agreements has large export potentials, not only with respect to ASEAN, but also in a broad agreement including South and East Asian countries.
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Keywords
38 Economics, 3801 Applied Economics, 3802 Econometrics