Policymakers in ASEAN countries are concerned that an explosive increase in imports from China has dampened intra-ASEAN trade. This study empirically examines the effect of imports from China on intra-ASEAN trade. We employ a two-step approach. First, we estimate the product-level gravity equation with the full set of fixed effects on intra-ASEAN trade. Second, we regress the estimates of importer-product-year-fixed effects on the share of imports from China that constitute all imports in addition to intra-ASEAN tariffs. As is consistent with the concern above, we found that from 2000 to 2015, increases in ASEAN imports from China reduced intra-ASEAN trade by 20%. Such an increase in imports from China is equivalent to the rise of intra-ASEAN tariffs by 20%.
権利
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雑誌名
IDE Discussion Paper
雑誌名(英)
IDE Discussion Paper
巻
801
発行年
2020-09
出版者
Institute of Developing Economies (IDE-JETRO)
著者版フラグ
publisher
JEL分類
JEL:F15 - Economic Integration
JEL:F53 - International Agreements and Observance • Internat …
Assessing the impact of China shocks on the trade creation effect in ASEAN
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