The Impact of ACFTA on People’s Republic of China–ASEAN Trade: Estimates Based on an Extended Gravity Model for Component Trade
Sheng, Yu; Tang, Hsiao Chink; Xu, Xinpeng | July 2012
Abstract
This paper uses an extended gravity model to shed light on the impact of the free trade
area agreement between the Association of Southeast Asian Nations (ASEAN) and the
People's Republic of China (PRC) on the members‘ trade flows and trade patterns. New
determinants that capture the rising importance of global production sharing and intraregional
trade in parts and components in East Asia are proposed. Results from the
extended gravity model show that the free trade agreement leads to substantially higher
bilateral trade between ASEAN and the PRC, more than what a conventional gravity
model predicts. The increase is concentrated in the ASEAN countries with stronger
industrial linkages with the PRC.
Citation
Sheng, Yu; Tang, Hsiao Chink; Xu, Xinpeng. 2012. The Impact of ACFTA on People’s Republic of China–ASEAN Trade: Estimates Based on an Extended Gravity Model for Component Trade. © Asian Development Bank. http://hdl.handle.net/11540/1302. License: CC BY 3.0 IGO.Keywords
Project Evaluation & Review Technique
Operations Evaluation
Evaluation
World Trade
Trade Volume
Trade Promotion
Trade Flows
Trade Development
Patterns Of Trade
Resources evaluation
Input output analysis
Import volume
Export volume
Export Development
Economic agreements
International market
Import policy
Export policy
Participatory monitoring and evaluation
Participative management
Foreign trade routes
Trade routes
Foreign trade and employment
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Citable URI
http://hdl.handle.net/11540/1302Metadata
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