Do regional trade agreements really help global value chains develop? evidence from Thailand
Kazunobu Hayakawa (),
Nuttawut Laksanapanyakul and
Toshiyuki Matsuura ()
Journal of the Japanese and International Economies, 2020, vol. 58, issue C
This paper examines the firm-level nexus between exporting and importing by using firm-level data from Thai customs. We differentiate firms’ imports according to the tariff regime used (e.g. regional trade agreements (RTAs)). Our finding is that imports under RTA regimes are not considerably associated with exports. Rather, greater exports are found in firms with larger imports under the most favoured nation or other preference regimes (e.g. duty drawback for raw materials imported to produce export products). One reason for the result in RTA imports is that active RTA importers mainly target the domestic market rather than the export market. If the main market is abroad, firms tend to use other preference regimes. Thus, the other preference regimes may contribute more greatly to the development of firm-level back-and-forth international transactions than RTAs do.
Keywords: Export–import nexus; Thailand; Regional trade agreement (search for similar items in EconPapers)
JEL-codes: F15 F53 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:58:y:2020:i:c:s0889158320300290
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