Economic Integration in Northeast Asia

Northeast Asia Ripe for Integration

Prospects for Economic Cooperation in Northeast Asia

In contrast to developments in other world regions, efforts to institutionalize regional economic cooperation in East Asia have been weak. Though Southeast Asian economies have taken action toward trade liberalization (ASEAN Free Trade Area), the major economies of the region such as China, Japan and Korea have not been part of any formal trade groupings until recently. Ongoing economic coopera...

Economic Cooperation of Northeast Asia and Industrial Structuring

Using transition matrices of RCA indices for 20-year trade data of three countries (China, Japan and Korea) by 3-SITC digit level, this paper investigates long-run pattern of comparative advantage of each country to the world market and each partner countries. In general it is shown that the main issued faced under economic cooperation is continuous surplus with China but deficit with Japan of ...

Regional Economic Integration and Cooperation in East Asia

author is thankful to Ken Heydon and other participants in the workshop for comments and suggestions.

Regional and Outward Economic Integration in South-East Asia

The subject of this paper tackles macroeconomic integration of the South-East Asian countries South Korea, Singapore and Taiwan. Economically, the analysis is based on notions of stochastic long-run convergence and business cycle synchrony in the GDPs. According tests for cointegration and common serial correlation features reveal a high degree of coherence in long-run growth and medium-run flu...