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The Ties that Bind Asia, Europe, and United States

dc.contributor.authorSoyoung Kim
dc.contributor.authorJong-Wha Lee
dc.contributor.authorCyn-Young Park
dc.date.accessioned2015-01-24T13:14:04Z
dc.date.available2015-01-24T13:14:04Z
dc.date.issued2010-02-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/1538
dc.description.abstract"We investigate changes in Asia’s regional and global trade linkages and their influence on macroeconomic relationships among Asia, Europe, and United States (US). We first document changes in trade patterns of East Asia, Europe, and US and discuss stylized facts about East Asia’s trade structure. The People’s Republic of China (PRC) plays a critical role as an assembly and production center in rapidly expanding intra-Asian trade. However, the PRC’s trade share in parts and components with Europe and the US is rising, suggesting that the region’s production chains are increasingly integrated into the global business network. Empirical results from a panel vector auto-regression (VAR) model generally confirm the positive effect of growing intra-Asian trade on both regional and global output comovements, reflecting the nature of intra-Asian trade that is heavily driven by external demand. However, macroeconomic interdependence among East Asia, Europe, and US is becoming more bidirectional, as shown by the positive effect of the East Asian aggregate output shock on both European and US outputs. The findings suggest a future role for Asia as an increasingly important trade partner and balancing power in the world economy."
dc.publisherAsian Development Bank
dc.titleThe Ties that Bind Asia, Europe, and United States
dc.typeWorking Papers
dc.subject.expertTrade Facilitation
dc.subject.expertTrade
dc.subject.expertEconomic integration
dc.subject.expertRegional Economic Integration
dc.subject.expertFree Trade
dc.subject.expertTrade Agreements
dc.subject.expertTrade Policy
dc.subject.expertEconomic Development
dc.subject.expertEconomics
dc.subject.expertInternational Economics
dc.subject.adbEconomic planning
dc.subject.adbEconomic structure
dc.subject.adbGrowth policy
dc.subject.adbTrade relations
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.adbEconomic development
dc.subject.naturalRegional economics
dc.subject.naturalEconomic forecasting
dc.subject.naturalEconomic development projects
dc.subject.naturalSuccess in business
dc.subject.naturalBusiness
dc.subject.naturalFree trade
dc.subject.naturalBusiness
dc.subject.naturalEconomics
dc.title.seriesADB economics working paper series
dc.title.volumeNo. 192
dc.contributor.imprintAsian Development Bank
oar.themeTrade
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People’s Republic of
oar.countryHong Kong, China
oar.countryChina, People’s Republic of
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001320
oar.authorKim, Soyoung
oar.authorLee, Jong-Wha
oar.authorPark, Cyn-Young
oar.importtrue
oar.googlescholar.linkpresenttrue


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