Since 2014
The Impact of AFTA on Japan-ASEAN Trade Flows
Jurnal Ekonomi Malaysia
View Archive Info| Field | Value | |
| Title |
The Impact of AFTA on Japan-ASEAN Trade Flows
|
|
| Creator |
Chen Yong, Chen
Boon Tan, Hui |
|
| Subject |
—
— — |
|
| Description |
ABSTRACTJapan and ASEAN have a friendly and cooperative relationship since the 1970s. Japan is one of the most important economic partners for ASEAN, and vice versa. Japan and ASEAN member countries pursue bilateral andregional approaches to free trade agreements in order to further enhance their competitiveness. The ASEAN Free Trade Area (AFTA) was established in 1992. Along with the regional approaches, the bilareral approach toeconomic partnership between Japan and ASEAN is increasingly important in order to move toward greater economic integration in Asia. ASEAN has sustained trade deficifs with Japan for a long time and its exports havebeen heavily reliant on Japanese market. From this point of view, Japan has been a relatively important market for ASEAN but not vice versa; and Japan has been a comparatively important supplier to ASEAN but not viceversa Structural changes in the trading patterns between Japan and ASEAN in such a way that reflects a complementary relationship between the tworegions remains in doubt. Although intra-ASW trade has registered growth afer the implementation of AFTA, but ASEAN still encounters a large deficit with Japan. Therefore, changes in trade volume betweenJapan and ASEAN through the trade creation eflect or trade diversion efect resultedfiom the establishment of AFTA are questionable. This study attempts to empirically examine the impact of AFTA on trade linkages between Japan and ASEAN-5co untries, namely, Malaysia, Singapore, Thailand, Indonesia and the Philippines using annual data from 1970 to 2003. An estimation method known as Vector Error Correction Model was used. The result shows that although AFTA has led to trade creationbetween Japan and ASEAN-5 countries but trade elationship between Japan and ASWre mains asymmetry.ABSTRAKNegara Jepun dan ASEAN mempunyai hubungan kerjasarna yang rapat semenjak tahun 1970an lagi. Jepun merupakan salah satu negara perkongsian ekonomi kepada ASEAN, dan begitulah sebaliknya. Jepundan ASEAN mengamalkan pendekatan dua hala dan wilayah bagi perjanjian perdagangan bebas untuk mengukuhkan daya saing. Kawasan Perdagangan Bebas ASEAN (AFTA) telah ditubuhkan pada tahun 1992.Bersama-sama dengan pendekatan wilayah, pendekatan dua hala antara Jepun dan ASEAN sangat bergantung kepada pasaran Jepun. Dari sudut ini Jepun merupakan pasaran yang penting kepada ASEAN tetapi tidaksebaliknya. Begitu juga Jepun merupakan pembekal penting kepada kepada ASEAN tetapi tidak sebaliknya. Perubahan bentuk perdagangan antara Jepun dun ASW yang menggambarkan hubungan penggenap antnra dua kawasan adalah diragui. Kajian ini cuba memeriksa kesanpenubuhan AFTA terhadap hubungan perdagangan antara Jepun dan ASEAN-5, iaitu Malaysia, Singapore, Thailand, Indonesia dan Phillipines dengan menggunakan data tahunan antara tahun 1970-2003. Bagi rnencapai objekrif ini, kaedah penganggaran Vector Correction Model (vcM) digunakan. Hasil kajian ini menunjukkan berlaku penciptaan perdagangan melalui AFTA tetapi perdagangan antara Jepun dan ASEAN masih berbentuk simetri yang tidak sama.
|
|
| Publisher |
Universiti Kebangsaan Malaysia
|
|
| Contributor |
—
|
|
| Date |
2007-12-31
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
|
| Format |
application/pdf
|
|
| Identifier |
http://ejournal.ukm.my/jem/article/view/1585
|
|
| Source |
Jurnal Ekonomi Malaysia; Vol 41 (2007): Jurnal Ekonomi Malaysia
0126-1962 |
|
| Language |
eng
|
|
| Relation |
http://ejournal.ukm.my/jem/article/view/1585/1370
|
|
| Coverage |
—
— — |
|