Economic Cooperation in the Greater Mekong Sub-Region

• 발행기관: 세종대학교 경제통합연구소
• 저자명: Binh Hai Le Dang Quyen Nguyen Kieu Trang Vu Hiep Ngoc Luu Farhad Taghizadeh-Hesary
• 간행물 정보: 『Journal of Economic Integration』제35권 제2호, 240~263쪽, 전체 24쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.06.30

영문 초록

This paper investigates the impact of regional economic cooperation between Vietnam and its partners during the 2000-2015 period, focusing on the Greater Mekong Sub-region (GMS). Overall, the GMS represents a significant portion of Vietnam’s trade portfolio. China is the dominant trading partner in the GMS, exhibiting strong influence over Vietnam’s trade, especially its imports. However, using the gravity model of trade, we find that Vietnam has not benefited from GMS cooperation, as exemplified by its significant trade deficit, particularly with China. We further find that human capital enhancement and financial development are key factors to facilitate Vietnam’s trade, and mitigate its trade deficit with other GMS member countries. To this end, this study provides some important policy implications for the Vietnamese government as well as policymakers in other countries, when trading with larger partners in the context of regional economic cooperation.

목차

I. Introduction

II. Regional Economic Cooperation and Trade - A Review of the Literature

III. Regional Cooperation in the GMS

IV. Data and Econometric Model Specifications

V. Empirical Results - Baseline Regressions

VI. Channels That Can Facilitate Trade

VII. Conclusion and Policy Implications

키워드

Regional Economic Cooperation Greater Mekong Sub-region Vietnam Trade Gravity Model