Pub Date : 2022-09-01DOI: 10.1177/26316846221109015
Nida Rahman
{"title":"Kathuria Sanjay, Ravindra A. Yatawara and Xiao’ou Zhu, Regional Investment Pioneers in South Asia: The Payoff of Knowing Your Neighbours. The World Bank, Washington, 2021, 258pp. ISBN1464815356, ISBN 9781464815355","authors":"Nida Rahman","doi":"10.1177/26316846221109015","DOIUrl":"https://doi.org/10.1177/26316846221109015","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133618099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221107414
Upamanyu Basu
{"title":"Kishore Madhubani, The Asian 21st Century, Springer Publications, 2022, 250 pp. ISBN: 978-981-16-6810-4","authors":"Upamanyu Basu","doi":"10.1177/26316846221107414","DOIUrl":"https://doi.org/10.1177/26316846221107414","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128157075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221116153
P. De
{"title":"Suthiphand Chirathivat, Buddhagarn Rutchatorn and Anupama Devendrakumar (eds), China’s Belt and Road Initiative in ASEAN: Growing Presence, Recent Progress and Future Challenges. World Scientific, Singapore, 2022, xxi + 407 pp., $138.00, ISBN: 978-981-124-130-7 (Hardcover).","authors":"P. De","doi":"10.1177/26316846221116153","DOIUrl":"https://doi.org/10.1177/26316846221116153","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128000031","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221107806
Jasmin
{"title":"Reena Marwah and Sanika Sulochani Ramanayake, China’s Economic Footprint in South and Southeast Asia: A Futuristic Perspective—Case Studies of Pakistan, Sri Lanka, Myanmar and Thailand. World Scientific, 2021, 356 pp., US$ 108, ISBN-10: 9811236372 (hardcover), ISBN-13: 9789811236396 (e-book)","authors":"Jasmin","doi":"10.1177/26316846221107806","DOIUrl":"https://doi.org/10.1177/26316846221107806","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"213 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115240636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221112214
K. Biswal
highest regional growth but lags behind other developed economies. There is huge room for improvement and the gap can be bridged by focusing on policy reforms. The biggest challenge, however, is trade regulations which are continuously evolving but lack transparency and predictability. Summing up, the report has discussed how economies in the Asia and the Pacific region, individually or collectively managed to contain the pandemic through aggressive vaccination rollouts, supportive fiscal and monetary policy and most importantly rapid digitalisation. The report repeatedly emphasises that regional cooperation is essential in fostering connectivity and building resilience to boost economic growth. The chapters have extensively covered the impact of the pandemic on trade, the financial sector, investment and digitalisation. The report, however, lacks a discussion on social development such as health, education, poverty and environmental issues. This report will be of interest to researchers and policymakers who are keen to learn more about the post-pandemic recovery and digital services trade in Asia and the Pacific.
{"title":"Loitongbam Bishwanjit Singh, Act East Policy, Free Trade Agreement and Economic Growth Potential of India-ASEAN. Akansha Publishing House, 2022, 275 pp. ISBN-10: 818370610X, ISBN-13: 978-8183706100.","authors":"K. Biswal","doi":"10.1177/26316846221112214","DOIUrl":"https://doi.org/10.1177/26316846221112214","url":null,"abstract":"highest regional growth but lags behind other developed economies. There is huge room for improvement and the gap can be bridged by focusing on policy reforms. The biggest challenge, however, is trade regulations which are continuously evolving but lack transparency and predictability. Summing up, the report has discussed how economies in the Asia and the Pacific region, individually or collectively managed to contain the pandemic through aggressive vaccination rollouts, supportive fiscal and monetary policy and most importantly rapid digitalisation. The report repeatedly emphasises that regional cooperation is essential in fostering connectivity and building resilience to boost economic growth. The chapters have extensively covered the impact of the pandemic on trade, the financial sector, investment and digitalisation. The report, however, lacks a discussion on social development such as health, education, poverty and environmental issues. This report will be of interest to researchers and policymakers who are keen to learn more about the post-pandemic recovery and digital services trade in Asia and the Pacific.","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"238 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116206352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221118196
P. De
{"title":"Peter J. Rimmer, China’s Global Vision and Actions: Reactions to Belt, Road and Beyond, Edward Elgar, 2020, pp.xvi+ 232. ISBN: 9781788978965","authors":"P. De","doi":"10.1177/26316846221118196","DOIUrl":"https://doi.org/10.1177/26316846221118196","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115329539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/26316846221116152
T. Giri
{"title":"Prabir De and Suthiphand Chirathivat (eds), ASEAN–India Strengthening Partnership and Post-Pandemic Future. KW Publishers, 2021, 238 + xix pp., ₹1,080, ISBN: 978-93-91490-47-8 (Hardbound).","authors":"T. Giri","doi":"10.1177/26316846221116152","DOIUrl":"https://doi.org/10.1177/26316846221116152","url":null,"abstract":"","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131599683","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-01DOI: 10.1177/26316846221112227
Tanya Gandhi, Shahid Ahmed
Customs is a complex arena in the domain of international trade facilitation in developing regions of the world like South Asia. Despite the establishment of a free trade area in South Asia, the countries in the region still uphold a significant level of customs barriers for each other. South Asia’s intra-regional trade is just 6.1% of its total trade, making it the least unified region of the world. This study measures the impact of trade facilitation in the customs environment on regional economic integration in South Asia through intra-regional trade. The study developed its index for customs environment and incorporated it into an augmented panel gravity model to conclude that an improved customs environment significantly increases trade flows within the region. The estimates of simulation analysis illustrate that South Asia has immense potential for expanding intra-regional trade if collective regional efforts are made in trade facilitation in the customs environment. By doing so, trade flows could increase by 41–143% in various scenarios, which could not be achieved otherwise, even by completely phasing out tariffs. India is the largest country in South Asia and therefore has a detrimental part to play in achieving this. JEL Codes: C23, F10, F15, F17
{"title":"Trade Facilitation in Customs Environment: Measuring the Impact on Economic Integration in South Asia","authors":"Tanya Gandhi, Shahid Ahmed","doi":"10.1177/26316846221112227","DOIUrl":"https://doi.org/10.1177/26316846221112227","url":null,"abstract":"Customs is a complex arena in the domain of international trade facilitation in developing regions of the world like South Asia. Despite the establishment of a free trade area in South Asia, the countries in the region still uphold a significant level of customs barriers for each other. South Asia’s intra-regional trade is just 6.1% of its total trade, making it the least unified region of the world. This study measures the impact of trade facilitation in the customs environment on regional economic integration in South Asia through intra-regional trade. The study developed its index for customs environment and incorporated it into an augmented panel gravity model to conclude that an improved customs environment significantly increases trade flows within the region. The estimates of simulation analysis illustrate that South Asia has immense potential for expanding intra-regional trade if collective regional efforts are made in trade facilitation in the customs environment. By doing so, trade flows could increase by 41–143% in various scenarios, which could not be achieved otherwise, even by completely phasing out tariffs. India is the largest country in South Asia and therefore has a detrimental part to play in achieving this. JEL Codes: C23, F10, F15, F17","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127557910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-06DOI: 10.1177/26316846221107417
Siow Hui Sian, S. Kaliappan, S. Ibrahim, N. Naseem
This study assessed the bilateral business cycle co-movement between the individual downstream suppliers (Association of Southeast Asian Nations) and upstream supplier (China and Japan) in Asian value chain. The empirical findings suggest that trade intensity negatively impacted the regional business cycle co-movement, while trade linkage has positive impacts. Moreover, the impact of value chain trade on business cycle co-movement is more apparent in the short run than in the long run. JEL Classification: F15, F16
{"title":"Downstream Suppliers’ Business Cycle Co-movement in Asian Value Chains","authors":"Siow Hui Sian, S. Kaliappan, S. Ibrahim, N. Naseem","doi":"10.1177/26316846221107417","DOIUrl":"https://doi.org/10.1177/26316846221107417","url":null,"abstract":"This study assessed the bilateral business cycle co-movement between the individual downstream suppliers (Association of Southeast Asian Nations) and upstream supplier (China and Japan) in Asian value chain. The empirical findings suggest that trade intensity negatively impacted the regional business cycle co-movement, while trade linkage has positive impacts. Moreover, the impact of value chain trade on business cycle co-movement is more apparent in the short run than in the long run. JEL Classification: F15, F16","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123276833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-01DOI: 10.1177/26316846221107419
S. Chakrabartty
Logistics cost (LC) estimated by different methods are not comparable since cost components differ across countries and are not properly standardised, non-availability of comprehensive reliable data on LC and presence of number of qualitative components. No method of measuring LC has considered probability distributions of the components/dimensions. After review of methods to estimate LC, the article proposes to transfer the j-th component score emerging from questionnaire-based approach to a proposed score ( P j ) so that 0 ≤ P j ≤ 100 and follows normal distribution. Logistics cost index (LCI) of i-th country is taken as multiplicative aggregation of ratios of P j at the current period and base period of all components. The index avoids perfect substitutability of arithmetic aggregation, and it satisfies the desired properties of an index including time-reversal test and formation of chain-indices, and enables meaningful comparisons across time and space, better ranking and classifying the countries, identification of critical dimensions/components requiring policy changes, drawing path of decline or increase of LCI over time for a country, computing mean LCI for a group of countries and LCI at Global level, and undertaking statistical analysis under parametric set up. Future investigations suggested reflecting properties of the proposed LCI along with empirical relationships of sector-wise LCI and economic development. JEL Codes: D57, E23, P44
{"title":"Understanding National Level Logistics Costs: Methodological Approach","authors":"S. Chakrabartty","doi":"10.1177/26316846221107419","DOIUrl":"https://doi.org/10.1177/26316846221107419","url":null,"abstract":"Logistics cost (LC) estimated by different methods are not comparable since cost components differ across countries and are not properly standardised, non-availability of comprehensive reliable data on LC and presence of number of qualitative components. No method of measuring LC has considered probability distributions of the components/dimensions. After review of methods to estimate LC, the article proposes to transfer the j-th component score emerging from questionnaire-based approach to a proposed score ( P j ) so that 0 ≤ P j ≤ 100 and follows normal distribution. Logistics cost index (LCI) of i-th country is taken as multiplicative aggregation of ratios of P j at the current period and base period of all components. The index avoids perfect substitutability of arithmetic aggregation, and it satisfies the desired properties of an index including time-reversal test and formation of chain-indices, and enables meaningful comparisons across time and space, better ranking and classifying the countries, identification of critical dimensions/components requiring policy changes, drawing path of decline or increase of LCI over time for a country, computing mean LCI for a group of countries and LCI at Global level, and undertaking statistical analysis under parametric set up. Future investigations suggested reflecting properties of the proposed LCI along with empirical relationships of sector-wise LCI and economic development. JEL Codes: D57, E23, P44","PeriodicalId":188097,"journal":{"name":"Journal of Asian Economic Integration","volume":"118 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116462326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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