Trade and investment convergence clubs in East Asia Pacific

Sonia Kumari Selvarajan, Rossazana Ab-Rahim, Nor Ghani Md Nor

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)91-108
Number of pages18
JournalInstitutions and Economies
Volume10
Issue number4
Publication statusPublished - 14 Sep 2018

Fingerprint

Convergence clubs
East Asia
Asia-Pacific
Investment liberalization
Asian countries
Trade liberalization
Sustainable growth
Openness
Terms of trade
Asia-Pacific region
Club convergence
Economic liberalization

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 journalArticle

Selvarajan, SK, Ab-Rahim, R & Md Nor, NG 2018, 'Trade and investment convergence clubs in East Asia Pacific', Institutions and Economies, vol. 10, no. 4, pp. 91-108.
Selvarajan, Sonia Kumari ; Ab-Rahim, Rossazana ; Md Nor, Nor Ghani. / Trade and investment convergence clubs in East Asia Pacific. In: Institutions and Economies. 2018 ; Vol. 10, No. 4. pp. 91-108.
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