Trade Policy and Intraindustry Trade in Asean

Rajah Rasiah

Jurnal Ekonomi Malaysia, 1995, vol. 29, 161-181

Abstract: This paper examines the role of markets and government in trade policy and the development of intraindustry trade using the ASEAN experience. Protection measures, the Grubel-Lloyd index, trade balance coefficient and trade structure were the principal tools used to facilitate analysis. The results show fairly low overall protection levels in ASEAN economies, though, in certain industries (especially heavy industries) there exists strong protection. Singapore appears to be least protected while the Philippines shows the highest level of protection. ASEAN economies also demonstrate strong export- orientation and considerable foreign capital participation. Singapore and Malaysia appear to have experienced the highest structural change. Singapore and Thailand show highest trade balance coefficients. There is also little structural sequencing (evolution) in the growth of industries in Singapore, Malaysia and Thailand. The paper also demonstrates strong government involvement in markets. The ASEAN experience shows that the creation of dynamic comparative advantage, through prioritizing, subsidising and shelter- ing industries, and encouraging foreign capital, can generate longterm market growth and has been important in stimulating economic growth and structural change.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ukm.my/jem/wp-content/uploads/2021/06/jeko_29-6.pdf (application/pdf)

Related works:
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:ukm:jlekon:v:29:y:1995:i::p:161-181

Access Statistics for this article

More articles in Jurnal Ekonomi Malaysia from Faculty of Economics and Business, Universiti Kebangsaan Malaysia Contact information at EDIRC.
Bibliographic data for series maintained by Muhammad Asri Abd Ghani ().