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Trade Volatility in the Association of Southeast Asian Nations Plus Three: Impacts and Determinants

Trade Volatility in the Association of Southeast Asian Nations Plus Three: Impacts and Determinants This paper investigates trade volatility in the Association of Southeast Asian Nations Plus Three (ASEAN+3) and its links with output volatility, export diversification, and free trade agreements. To achieve this research objective, we apply several econometric estimators to data from all ASEAN+3 member states over the period 1990–2016. We first find evidence of a positive relationship between output volatility and trade volatility. Second, we reveal that the way export diversification is measured can influence its impacts on bilateral export volatility. Moreover, the relationship between income volatility, trade volatility, and export diversification seems to depend on country size and the level of economic development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Development Review MIT Press

Trade Volatility in the Association of Southeast Asian Nations Plus Three: Impacts and Determinants

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Publisher
MIT Press
Copyright
Copyright © MIT Press
ISSN
0116-1105
eISSN
1996-7241
DOI
10.1162/adev_a_00153
Publisher site
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Abstract

This paper investigates trade volatility in the Association of Southeast Asian Nations Plus Three (ASEAN+3) and its links with output volatility, export diversification, and free trade agreements. To achieve this research objective, we apply several econometric estimators to data from all ASEAN+3 member states over the period 1990–2016. We first find evidence of a positive relationship between output volatility and trade volatility. Second, we reveal that the way export diversification is measured can influence its impacts on bilateral export volatility. Moreover, the relationship between income volatility, trade volatility, and export diversification seems to depend on country size and the level of economic development.

Journal

Asian Development Review – MIT Press

Published: Sep 1, 2020

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