Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia
Juthathip Jongwanich,
William E. James,
Peter J. Minor and
Alexander Greenbaum
Additional contact information
William E. James: Asian Development Bank
Peter J. Minor: Asian Development Bank
Alexander Greenbaum: Asian Development Bank
Asian Development Review, 2009, vol. 26-1, issue 1, 48-102
Abstract:
This paper examines the structure and direction of developing Asia’s trade over the past two decades. The impacts of economic slowdown in highincome Organisation for Economic Co-operation and Development (OECD) countries on developing Asia in 2009–2010 are then projected through a computable general equilibrium model of world trade and production. The paper shows that despite a jump in intraregional trade—which is found to reflect increasing fragmentation of production with trade in intermediate goods and assembly of final products in the People’s Republic of China—the region remains dependent on external demand from the European Union, United States, and Japan. Simulations indicate the crisis may decrease real income in the region by 6–10 percent over the next two years largely as a result of a fall in exports. Although fiscal stimulus may mitigate these losses, a resurgence of protectionism would work in the opposite direction.
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia (2009) 
Working Paper: Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia (2009) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ris:adbadr:2613
Access Statistics for this article
Asian Development Review is currently edited by Shang-Jin Wei
More articles in Asian Development Review from Asian Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Maria Susan M. Torres ( this e-mail address is bad, please contact ).