Trade Structure and Trade Potential in East Asia

Sang-yirl Nam (Research Fellow, Korea Institute for International Economic Policy (KIEP), 300-4 Yomgok-Dong, Seocho-Gu, Seoull37-747, Korea) *

Journal of International Logistics and Trade

ISSN: 1738-2122

Article publication date: 30 January 2004

Issue publication date: 30 January 2004

187
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Abstract

World trade has been increasing rapidly and much faster than world output. This study analyzes the trade structures of major dynamic East Asian countries as well as regional subgroups such as ASEAN members and Northeast Asian countries. Emphasis will be on the complementarities that would enhance integration among them through international trade. In addition, potential trade levels for each combination of East Asian countries are estimated by applying the gravity model of trade to the trade flows of21 APEC members, as a reference group. It is estimated to have significant potentiality by regional subgroup, ASEAN or Northeast Asia, and not between the two regional subgroups. However, the potential integration between East Asian countries in different regional subgroups is more significant by considering complementarities in trade compared with the results from the basic gravity model. To enhance economic cooperation between East Asian countries, expanding relationships such as inter-industry trade in natural resources trade and industrial goods between the regional subgroups needs to occur. They should also utilize complementary relationships from intra-industry trade in industrial goods such as electric and electronic equipment, related parts and accessories. And they should focus on the implementation of trade facilitation measures based on global standards.

Keywords

Citation

Nam, S.-y. (2004), "Trade Structure and Trade Potential in East Asia", Journal of International Logistics and Trade, Vol. 1 No. 2, pp. 89-110. https://doi.org/10.24006/jilt.2004.1.2.89

Publisher

:

Emerald Publishing Limited

Copyright © 2004 Jungseok Research Institute of International Logistics and Trade

License

This is an Open-Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited


Corresponding author

*Research Fellow, Korea Institute for International Economic Policy (KIEP), 300-4 Yomgok-Dong, Seocho-Gu, Seoull37-747, Korea e-mail:

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