Is Trade in COVID-19 Products in ASEAN Economies a Building or Stumbling Block?

• 발행기관: 세종대학교 경제통합연구소
• 저자명: Nathapornpan Piyaareekul Uttama
• 간행물 정보: 『Journal of Economic Integration』제36권 제1호, 46~64쪽, 전체 19쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.03.31

영문 초록

Stumbling blocks to regional integration continue to pose a serious threat to the World Trade Organization (WTO), particularly during the COVID-19 pandemic. This study aims to examine the effect of regional economic integration on trade in COVID-19 products for Association of Southeast Asian Nations (ASEAN) countries using quarterly data for 2010–2020. A panel data model is estimated using the Poisson pseudo-maximum likelihood approach to address zero trade values, cross-sectional dependence, and heterogeneity problems. The findings of a case study on bilateral trade in COVID-19 products reveal that the ASEAN regional trade agreement is a stumbling block to the WTO’s rules-based multilateral trading system. The results indicate that the home country’s productive capacity, the host country’s absorptive capacity, the countries’ similarity in size and per capita income, and the countries’ remoteness have positive and significant relationships with trade in COVID-19 products in ASEAN economies. This study provides several policy implications for Southeast Asian countries.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Framework

Ⅲ. Econometric Approach

Ⅳ. Estimation and Results

Ⅴ. Concluding Remarks

키워드

Trade in COVID-19 goods Regional economic integration Building and stumbling blocks Multilateral trading system Association of Southeast Asian Nations