Transparency and Regional Integration in the Asia Pacific

30 Pages Posted: 27 Apr 2009

See all articles by Matthias Helble

Matthias Helble

Asian Development Bank; ADBI; ADBI

Ben Shepherd

World Bank - Development Research Group (DECRG); Groupe d'Economie Mondiale (GEM) - IEP Paris

John S. Wilson

World Bank

Abstract

We show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalisation of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. We focus on two dimensions of transparency: predictability (reducing the cost of uncertainty) and simplification (reducing information costs). Using the Asia Pacific Economic Cooperation (APEC) member economies as a case study, we construct indices of importer and exporter transparency for the region from a wide range of sources. Our results from a gravity model suggest that improving trade-related transparency in APEC could hold significant benefits by raising intra-APEC trade by approximately US$148 billion or 7.5 per cent of baseline trade in the region. Action to improve transparency measures examined could be undertaken in many forms, including within the current APEC framework or future talks on a Free Trade Area in the Asia Pacific.

Suggested Citation

Helble, Matthias and Shepherd, Ben and Wilson, John S., Transparency and Regional Integration in the Asia Pacific. World Economy, Vol. 32, Issue 3, pp. 479-508, March 2009, Available at SSRN: https://ssrn.com/abstract=1381826 or http://dx.doi.org/10.1111/j.1467-9701.2009.01170.x

Matthias Helble (Contact Author)

Asian Development Bank ( email )

Philippines
006326831120 (Phone)

ADBI ( email )

Kasumigaseki Building 8F
3-2-5, Kasumigaseki, Chiyoda-ku
Tokyo, 100-6008
Japan

ADBI ( email )

Kasumigaseki Building 8F
3-2-5, Kasumigaseki, Chiyoda-ku
Tokyo, 100-6008
Japan

Ben Shepherd

World Bank - Development Research Group (DECRG) ( email )

1818 H Street NW
MSN3-311
Washington, DC 20433
United States

Groupe d'Economie Mondiale (GEM) - IEP Paris ( email )

197 Boulevard Saint-Germain
Paris, 75007
France

HOME PAGE: http://gem.sciences-po.fr/

John S. Wilson

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
445
PlumX Metrics