Impact of Economic Policy Reform and Regional and Global Shocks on Trade and Growth in East Asia: Econometric Evidence for China

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Tran, Van Hoa (2005) Impact of Economic Policy Reform and Regional and Global Shocks on Trade and Growth in East Asia: Econometric Evidence for China. The Journal of the Korean Economy, 6 (2). pp. 215-244. ISSN 1598-2750

Abstract

The paper introduces the generalised gravity theory (Tran Van Hoa, 2004) to construct a simple flexible simultaneous-equation econometric model of growth and trade of China and its five major trading countries or blocs (Japan, ASEAN-6, the European Union, the US, and Australia). The model incorporates explicitly major temporary and persistent structural change. Using latest ICSEAD, OECD and WBWT data, the paper reports efficient empirical results on trade-growth causality, trade determination and effects of shocks and policy reform on trade and growth between these economies and China over the past two decades. Based on these findings and current trade policy and economic relations negotiations, economic policy challenges are then targeted for discussion and for resolution development.

Item type Article
URI https://vuir.vu.edu.au/id/eprint/2862
Official URL http://www.akes.or.kr/akes/downfile/4.proofreading...
Subjects Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Current > FOR Classification > 1401 Economic Theory
Keywords ResPubID9685; regional free trade agreement, trade and growth causality, structural change, generalised gravity theory, modelling economic, trade policy
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