Determinants of regional trade agreement utilisation
Evidence from multiple import countries in Asia
Bibliographic Data
| ID | 21543718 |
|---|---|
| Authors | Kuo‐I Chang (0000-0001-5068-2183, National Chung Hsing University Taichung Taiwan), Kazunobu Hayakawa (0000-0003-0032-9060, Institute of Developing Economies Chiba Japan, corresponding author), Nuttawut Laksanapanyakul (0000-0002-1742-7276, Thailand Development Research Institute Bangkok Thailand), Dionisius Narjoko (0000-0001-7793-8820, Economic Research Institute for ASEAN and East Asia Jakarta Indonesia), Ju Hyun Pyun (0000-0001-6815-3976, Korea University Business School Seoul Korea), Francis Quimba (Philippine Institute for Development Studies Quezon Philippines), Francis Mark Quimba (Philippine Medical Association) |
| Year | 2022 |
| Volume | 45 |
| Issue | 6 |
| Pages | 1713-1736 |
| Publication date | 2022-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Economy (JOURNAL) |
| Journal identifiers | ISSN: 0378-5920 • E-ISSN: 1467-9701 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/twec.13226 |
| OpenAlex | W3214124641 |
| Language | EN |
| References cited | 35 |
This study empirically examines the determinants of the utilisation of regional trade agreements (RTAs). We employ RTA utilisation data with rich country variations in 6 importing and 16 exporting countries in Asia. Then, we compute an ‘RTA utilisation rate’, which is defined as the share of imports under RTA regimes out of total imports of RTA‐eligible products. Finally, the RTA utilisation rate is regressed at a country‐pair–product level on various elements. Our major findings are as follows. Similar to existing studies, this study determines higher RTA utilisation rate when the preference margin is larger, the exporter's international competitiveness is higher, or the importer's demand is greater. Furthermore, we reveal that the RTA utilisation rate is higher when exporting products are finished products. However, it is lower when the presence of foreign‐owned firms in the importing country is greater
Bilateral trade · Business · China · Economics · Free trade · Geography · Gravity equation · International economics · International trade · Preference · Regional trade · Global Trade and Competitiveness · Global trade and economics · International Business and FDI
| Highly cited | No |
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