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SCOPUS 학술저널

Is Trade Integration Leading to Regionalization? Evidence from Cross-Country Network Analysis

The present paper empirically analyzes the structural change in world trade over the last two decades by examining trade integration, leadership, and regionalization through a network model. We selected 50 countries encompassing both developed and developing nations and grouped them into 9 regions for 1990, 1992, 2000, 2010, and 2017. We have undertaken two principal analyses: (i) trade intensity indices and regionalization and (ii) linking trade intensity with network analysis. Therefore, this paper reaches a trade-off condition. The major findings of the study are as follows: (i) regional integration is stronger and has increased over the years; (ii) trade regionalization is primarily dominated by developed regions; (iii) trade liberalization has reduced the gap between the center and periphery; (iv) emerging Asian economies have developed as leaders and export hubs of goods in the global market; (v) trade liberalization has transformed and reshaped the world trade structure; and (vi) trade liberalization has not driven the lessening geodesic distance and transport costs from trade, and thus, there are no major gains for many countries.

I. Introduction

II. Literature Review

III. Data

IV. Methodology

V. Results and Discussion

VI. Conclusion

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