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SCOPUS 학술저널

How APEC Affects the Intra-trade of Members: An Empirical Study

Purpose - The Asia-Pacific Economic Cooperation (APEC) forum has evolved and is actively facilitating free and open trade. It is de-bated whether APEC has effectively reduced trade barriers in a pref-erential manner to encourage liberalized trade and whether increased trade between member countries has reduced trade with nonmember countries. Research designs, data, methodology -This paper empirically tests whether APEC creates or diverts trade, using an extended gravity model with tariff rates, exchange rates, and dummy variables to analyze how APEC affects intra-trade between members.The model utilizes the annual panel data between 1990 and 2007 of 16 selected APEC members and nonmembers. Results - Results reveal the changing role of APEC only between 2002 and 2007 has it created trade, fostering increasedtrade among trading partners and between membersand nonmembers. Conclusion - APEC can be expected to demonstrate a stronger trade creating effect once its advanced and developing members com-plete tariff reductions by 2010 and 2020, respectively.

Abstract

1. Introduction

2. Background of APEC

3. Literature Review

4. Methodology and the data

5. Estimation Results and explanations

6. Conclusion

References

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