TY - JOUR
T1 - The transition of postwar Asia-Pacific trade relations
AU - Endoh, Masahiro
N1 - Funding Information:
The author wishes to thank an anonymous referee for numerous helpful comments on an earlier draft. Nevertheless, the author alone is responsible for any errors appearing in this paper. Research for the paper was supported by the Matsushita International Foundation and the Japanese Ministry of Education.
PY - 1999
Y1 - 1999
N2 - The purpose of this paper is to examine the feature and the transition of trade relations in the Asia-Pacific region during the post-World War II period. The paper employs the gravity model with some regional dummy variables to estimate trade flows among 80 economies through temporal cross-section data analysis, for every five-year-term from 1960 to 1995. Its main findings are the following: First, ASEAN has had no effect of its own on promoting trade among its member countries. Second, the volume of trade among EAEC has been at a high level compared with the hypothetical trade level since 1960. Third, the amount of trade between EAEC economies and other APEC countries has been growing throughout the postwar period. Fourth, there has been close trade relations among APEC economies plus some other Asian countries.
AB - The purpose of this paper is to examine the feature and the transition of trade relations in the Asia-Pacific region during the post-World War II period. The paper employs the gravity model with some regional dummy variables to estimate trade flows among 80 economies through temporal cross-section data analysis, for every five-year-term from 1960 to 1995. Its main findings are the following: First, ASEAN has had no effect of its own on promoting trade among its member countries. Second, the volume of trade among EAEC has been at a high level compared with the hypothetical trade level since 1960. Third, the amount of trade between EAEC economies and other APEC countries has been growing throughout the postwar period. Fourth, there has been close trade relations among APEC economies plus some other Asian countries.
KW - APEC
KW - ASEAN
KW - EAEC
KW - Gravity model
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U2 - 10.1016/S1049-0078(00)00033-6
DO - 10.1016/S1049-0078(00)00033-6
M3 - Article
AN - SCOPUS:0033480448
SN - 1049-0078
VL - 10
SP - 571
EP - 589
JO - Journal of Asian Economics
JF - Journal of Asian Economics
IS - 4
ER -