Trade and investment convergence clubs in East Asia Pacific

Selvarajan, Sonia Kumari and Ab-Rahim, Rossazana and Md-Nor, Nor Ghani (2018) Trade and investment convergence clubs in East Asia Pacific. Institutions and Economies, 10 (4). pp. 91-108. ISSN 2232-1640

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Official URL: https://ijie.um.edu.my/article/view/13449

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.

Item Type: Article
Uncontrolled Keywords: Catch-up effect; Convergence club; East Asia pacific; Trade openness
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
Divisions: Faculty of Economics & Administration
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 19 Mar 2019 03:59
Last Modified: 19 Mar 2019 03:59
URI: http://eprints.um.edu.my/id/eprint/20747

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