REFORM CREATING REGIONAL TRADE AGREEMENTS AND FOREIGN DIRECT INVESTMENT: APPLICATIONS FOR EAST ASIA
- Authors
- Park, Innwon; Park, Soonchan
- Issue Date
- 12월-2008
- Publisher
- WILEY-BLACKWELL PUBLISHING, INC
- Keywords
- F02; F15; O53
- Citation
- PACIFIC ECONOMIC REVIEW, v.13, no.5, pp.550 - 566
- Indexed
- SCIE
SCOPUS
- Journal Title
- PACIFIC ECONOMIC REVIEW
- Volume
- 13
- Number
- 5
- Start Page
- 550
- End Page
- 566
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/122325
- DOI
- 10.1111/j.1468-0106.2008.00418.x
- ISSN
- 1361-374X
- Abstract
- We estimate the investment creation and diversion effects of RTAs by using an extended gravity equation focusing on domestic reform as a commitment device for RTA membership. As a case study, we estimate the impact of proposed East Asian RTAs on inward FDI. We find that: (i) reform creating RTA membership, larger market size, better skilled labour and lower trade costs all contribute positively and significantly to inward FDI; and (ii) most of the proposed East Asian RTAs promote intra-bloc FDI. In particular, both South-North and North-North RTAs prove to be more preferable membership combinations to South-South RTAs in East Asia.
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Collections - Division of International Studies > Division of International Studies > 1. Journal Articles
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