Cross-Border Price Differentials and Goods Market Integration in East Asia

Woosik Moon
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Woosik Moon: Asian Development Bank Institute

No 426, ADBI Working Papers from Asian Development Bank Institute

Abstract: As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price differentials. Specifically, this study shows that compared with the European Union, East Asian markets are neither sufficiently integrated nor are they showing any price convergence over time.

Keywords: market integration; east asia; cross-border price differentials; price convergence; regionalization; exchange rate fluctuation; income gap (search for similar items in EconPapers)
JEL-codes: F15 F36 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2013-06-27
New Economics Papers: this item is included in nep-opm and nep-sea
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Citations: View citations in EconPapers (4)

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