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The impact of the ACFTA on ASEAN-PRC trade: estimates based on an extended gravity model for component trade

Date

2014

Authors

Sheng, Yu
Tang, Hsiao Chink
Xu, Xinpeng

Journal Title

Journal ISSN

Volume Title

Publisher

Routledge, Taylor & Francis Group

Abstract

This article uses an extended gravity model to examine the impact of the free trade agreement between the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC) on their trade flows and patterns. New determinants are utilized to capture the growing importance of global production sharing and intraregional trade in parts and components in East Asia. We show that the free trade agreement leads to substantially higher and more pronounced bilateral trade flows between ASEAN and the PRC than what a conventional gravity model predicts and the increase is concentrated in ASEAN countries that have stronger industrial linkages with the PRC.

Description

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Citation

Source

Applied Economics

Type

Journal article

Book Title

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Access Statement

License Rights

DOI

10.1080/00036846.2014.899676

Restricted until

2037-12-31