IMPACT OF MYANMAR’S TRADE LIBERALIZATION ON THE COUNTRY’S INTERNATIONAL TRADE ENVIRONMENT: A GRAVITY APPROACH
Jinhwan Oh and
Kyi Cin Thant
Applied Econometrics and International Development, 2016, vol. 16, issue 2, 141-156
Abstract:
Using a gravity model with a panel dataset encompassing ASEAN countries and their 85 trading partners for a 15-year time period (1994-2008), this study empirically examines ASEAN members’ trade pattern. Then, using this empirical result, we simulate Myanmar’s gravity-based predicted trade flows. This simulation reveals that Myanmar’s trade has been distorted due to political factors, including economic sanctions. However, the degree of distortion has been varying over countries; distortion with Japan has declined while distortion with the U.S. has increased. As a result of these political factors, economic contact with Myanmar’s neighboring countries, particularly with Thailand has skyrocketed.
JEL-codes: F10 O10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:16:y:2016:i:2_11
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