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Accelerating Regional Integration : Issues at the Border

Author

Listed:
  • Douglas H. Brooks

    (Asian Development Bank Institute)

  • Susan F. Stone
Abstract
The sharp decline in trade volume and value during the current economic crisis has contributed to lower transportation costs and reduced waiting times at border crossings, reducing the urgency of progress on trade facilitation. Meanwhile, greater trade is expected to play a key role in recovery, and in sustaining growth afterwards. The crisis offers an excellent opportunity to make progress on facilitating intra-Asian trade and boosting the region's contribution to global economic recovery. This paper examines the status of, and challenges to, trade facilitation among the Asian Asia-Pacific Economic Cooperation members, and the roles of hard and soft infrastructure (including logistics) in improving that performance. Analysis with a computable general equilibrium framework indicates that even a relatively modest reduction in trade costs can yield significant gains. Gross domestic product in the region expands and countries move into a more diversified trading pattern. Of particular relevance for policy considerations is that the results vary considerably across bilateral trade routes and commodity categories.

Suggested Citation

  • Douglas H. Brooks & Susan F. Stone, 2010. "Accelerating Regional Integration : Issues at the Border," Trade Working Papers 23009, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:23009
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    References listed on IDEAS

    as
    1. H. Brooks, Douglas & F. Stone, Susan, 2010. "Infrastructure and Trade Facilitation in Asian APEC," Asian Development Review, Asian Development Bank, vol. 27(1), pages 135-159.
    2. Amiti, Mary & Smarzynska Javorcik, Beata, 2008. "Trade costs and location of foreign firms in China," Journal of Development Economics, Elsevier, vol. 85(1-2), pages 129-149, February.
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    Cited by:

    1. Fukunari Kimura & Ayako Obashi, 2016. "Production Networks in East Asia: What We Know So Far," ADB Institute Series on Development Economics, in: Ganeshan Wignaraja (ed.), Production Networks and Enterprises in East Asia, edition 1, chapter 0, pages 33-64, Springer.
    2. Vaqar, Ahmed & Ghulam, Samad, 2011. "Trade facilitation for economic corridors in South Asia: the perspective of Pakistan," MPRA Paper 31368, University Library of Munich, Germany.
    3. Pernia, Ernesto, 2012. "Infrastructure and Inclusive Growth," MPRA Paper 104910, University Library of Munich, Germany.
    4. MILE 13, Truong Giang Hoang & Nguyen, Tu Anh & Nguyen, Thu Thuy, 2014. "Trade facilitation in ASEAN members - a focus on logistics policies towards ASEAN economic community," Papers 918, World Trade Institute.

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    More about this item

    Keywords

    trade; economic crisis; intra-Asian trade; APEC;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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