Trade, Infrastructure and Transaction Costs: The Imperatives for Asian Economic Cooperation

Prabir De ()
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Prabir De: Research and Information System for Developing Countries (RIS), Postal: Prabir De, Research and Information System for Developing Countries (RIS), India, Habitat Centre, Zone 4-B, Lodi Road, New Delhi 110 003, India, ,

Journal of Economic Integration, 2006, vol. 21, 708-735

Abstract:

Recent literature has emphasized the importance of transaction costs and infrastructure in explaining trade, access to markets, and regional cooperation under globalization. For most Asian countries, transaction costs are a greater barrier to trade integration than import tariffs. By estimating a structural model of economic geography using cross-country data on income, infrastructure, transaction costs and trade of selected Asian economies, this paper shows that the transaction costs is statistically significant and important determinant in explaining variation in trade in Asia.

Keywords: Asia; Gravity Model; Infrastructure; Transaction Costs; Trade (search for similar items in EconPapers)
JEL-codes: F02 F10 F15 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0375

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