Market Dynamics in the EU, NAFTA, North East Asia and ASEAN: the Method of Constant Market Shares (CMS) Analysis

• 영문명: Market Dynamics in the EU, NAFTA, North East Asia and ASEAN: the Method of Constant Market Shares (CMS) Analysis
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Tri Widodo
• 간행물 정보: 『Journal of Economic Integration』제25권 제3호, 480~500쪽, 전체 21쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2010.09.30

영문 초록

One of the main aims of the regionalism and economic integration is to encourage export performance, especially intra-regional trade. The Constant Market Shares (CMS) method is commonly to examine empirically the countries` export performance. This paper is addressed to examine the regions` export performance by applying the CMS method. Firstly, this paper presents the developments of the method. Combining versions of the method by Leamer and Stern (1970), Richardson (1971a, 1971b) and Fagerberg and Sollie (1987), this paper comes up with another version of the method which, the competitive effect is explicitly extended. Second, the new version is then applied to analyze the dynamic markets of some regions (the EU, NAFTA, North East Asia and ASEAN) for the period 1980-2006. This paper concludes that the proliferation of regionalism and economic integrations in the beginning 1990-s caused the change in trade pattern. However, the change in trade pattern only happened in the short term.

목차

Ⅰ. Introduction

Ⅱ. Trends in the World Exports

Ⅲ. The Constant Market Shares: New Version

Ⅳ. Empirical Results

Ⅴ. Conclusions

키워드

Constant Market Shares CMS Commodity and Market Adaptation Effects