Revisiting the Twin-Hub Trade Pattern in East Asia*

Chun-Chien Kuo (), Deng-Shing Huang () and Tzu-Han Yang ()
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Chun-Chien Kuo: Department of International Business National Taipei University of Business No. 321, Sec. 1, Jinan Rd., Zhongzheng District Taipei City 10051, Taiwan
Deng-Shing Huang: Institute of Economics/Center for Asia-Pacific Area Studies, Academia Sinica No. 128, Sec. 2, Academia Rd., Nangang Dist. Taipei City 115, Taiwan
Tzu-Han Yang: Department of Public Finance National Taipei University No. 151, Daxue Rd., Sanxia Dist. New Taipei City 237, Taiwan

Asian Economic Papers, 2019, vol. 18, issue 1, 185-199

Abstract: Transport advantage, assembly hub under global value chains, technology advantage, and home-market effect are the four main factors contributing to the emergence of trade hubs in East Asia. Using a region-specific trade “hub-ness” measure, we examine the evolution of trade hubs in the East Asia. A China-Japan twin-hub pattern was found in the 1990s, but the twin hub began to divide in the beginning of the 21st century because of a rising China and declining Japan. We also show that ASEAN as an integrated region may lead to the emergence of another trade hub in East Asia, because of the enlarged ASEAN home-market-size effect, for the highly fragmented automatic data processing industry.

Date: 2019
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