Abstract
East Asia Pacific has catapulted to be the most dynamic region in the world as a result of economic liberalisation and sustainable growth. This study seeks to investigate if selected East Asian countries are able to converge in terms of trade and investment openness. This paper uses the concept of Phillips and Sul to evaluate trade and investment convergence in East Asia Pacific region during the period 1990 to 2016. The overall results do not support the hypothesis that all countries converge on a single equilibrium in trade and investment liberalisation. However, findings point to the existence of club convergence.
| Original language | English |
|---|---|
| Pages (from-to) | 91-108 |
| Number of pages | 18 |
| Journal | Institutions and Economies |
| Volume | 10 |
| Issue number | 4 |
| Publication status | Published - 14 Sep 2018 |
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Keywords
- Catch-up effect
- Convergence club
- East Asia pacific
- Trade openness
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics, Econometrics and Finance(all)
Cite this
Trade and investment convergence clubs in East Asia Pacific. / Selvarajan, Sonia Kumari; Ab-Rahim, Rossazana; Md Nor, Nor Ghani.
In: Institutions and Economies, Vol. 10, No. 4, 14.09.2018, p. 91-108.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Trade and investment convergence clubs in East Asia Pacific
AU - Selvarajan, Sonia Kumari
AU - Ab-Rahim, Rossazana
AU - Md Nor, Nor Ghani
PY - 2018/9/14
Y1 - 2018/9/14
N2 - East Asia Pacific has catapulted to be the most dynamic region in the world as a result of economic liberalisation and sustainable growth. This study seeks to investigate if selected East Asian countries are able to converge in terms of trade and investment openness. This paper uses the concept of Phillips and Sul to evaluate trade and investment convergence in East Asia Pacific region during the period 1990 to 2016. The overall results do not support the hypothesis that all countries converge on a single equilibrium in trade and investment liberalisation. However, findings point to the existence of club convergence.
AB - East Asia Pacific has catapulted to be the most dynamic region in the world as a result of economic liberalisation and sustainable growth. This study seeks to investigate if selected East Asian countries are able to converge in terms of trade and investment openness. This paper uses the concept of Phillips and Sul to evaluate trade and investment convergence in East Asia Pacific region during the period 1990 to 2016. The overall results do not support the hypothesis that all countries converge on a single equilibrium in trade and investment liberalisation. However, findings point to the existence of club convergence.
KW - Catch-up effect
KW - Convergence club
KW - East Asia pacific
KW - Trade openness
UR - http://www.scopus.com/inward/record.url?scp=85059625117&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85059625117&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85059625117
VL - 10
SP - 91
EP - 108
JO - Institutions and Economies
JF - Institutions and Economies
SN - 2232-1640
IS - 4
ER -