Governance, Corruption, and Trade in the Asia Pacific Region

This paper examines the impact of reducing corruption and improving transparency to lower trade costs in the Asia Pacific Economic Cooperation region. The authors find, based on a computable general equilibrium model, significant potential trade and welfare gains for Asia Pacific Economic Cooperation members, with increased transparency and lower levels of corruption. Results suggest that trade in the region would increase by 11 percent and global welfare would expand by $406 billion by raising transparency to the average in the region. Most of the increase in welfare would take place in member economies undertaking reform. Among the reformers, the gross domestic product of Vietnam, Thailand, Russia, and the Philippines would increase approximately 20 percent. The benefits to Malaysia and China would also be substantial with increased transparency and lower levels of corruption.

Bibliographic Details

Main Authors:	Abe, Kazutomo, Wilson, John S.
Language:	English
Published:	World Bank, Washington, DC 2008-09
Subjects:	ADJUSTMENT MECHANISM, AGRICULTURAL PRODUCTS, APPLIED TARIFF, AVERAGE COSTS, BASE YEAR, BILATERAL TARIFF, BILATERAL TRADE, CAPITAL FLOWS, CAPITAL STOCK, CHANGES IN TRADE, COMMODITIES, COMMODITY, COMPARATIVE ADVANTAGES, COMPETITIVENESS, CONSTANT RETURNS TO SCALE, CONSUMERS, COST REDUCTION, COST REDUCTIONS, CUSTOMS, CUSTOMS ADMINISTRATION, CUSTOMS CLEARANCE, CUSTOMS CLEARANCE PROCEDURES, DEVELOPING ECONOMIES, DISTORTION, DISTRIBUTION COSTS, DOLLAR VALUE, DOMESTIC GOODS, DOMESTIC MARKET, DOMESTIC PRICE, DOMESTIC PRODUCTION, DUMMY VARIABLE, DUMMY VARIABLES, DUTCH DISEASE, ECONOMETRIC ESTIMATES, ECONOMIC COOPERATION, ECONOMIC GROWTH, ECONOMIC IMPLICATIONS, ECONOMIC REFORM, ELASTICITY, ELASTICITY OF SUBSTITUTION, EQUILIBRIUM, ERROR TERM, ERROR TERMS, EXOGENOUS SHOCK, EXOGENOUS VARIABLE, EXOGENOUS VARIABLES, EXPLANATORY VARIABLES, EXPORT INDUSTRIES, EXPORT MARKETS, EXPORT PRICE, EXPORT PRICES, EXPORT TAX, EXPORTER, EXPORTERS, EXPORTS, FACTOR ANALYSIS, FIXED EFFECT, FIXED EFFECTS, FOREIGN PRODUCERS, FREE TRADE, FREE TRADE AGREEMENTS, FULL LIBERALIZATION, FUTURE RESEARCH, GDP, GENERAL EQUILIBRIUM, GENERAL EQUILIBRIUM MODEL, GENERAL EQUILIBRIUM MODELS, GLOBAL COMPETITIVENESS, GLOBAL TRADE, GLOBAL TRADE ANALYSIS, GRAVITY MODEL, GRAVITY MODEL APPROACH, GROSS DOMESTIC PRODUCT, IMPACT OF TRADE, IMPACT OF TRADE LIBERALIZATION, IMPORT, IMPORT BARRIERS, IMPORT COST, IMPORT MARKETS, IMPORT PRICE, IMPORT PRICES, IMPORT QUOTAS, IMPORT TARIFF, IMPORT TARIFFS, IMPORT TAX, IMPORT TAXES, INCOME, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INSTITUTIONAL CAPACITY, INSURANCE, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL FLOWS, INTERNATIONAL TRADE, INTERNATIONAL TRANSPORTATION, LABOR FORCE, MACROECONOMIC INDICATORS, MARKET PRICE, MOST FAVORED NATION, MULTILATERAL PROCESS, MULTILATERAL TRADE, NATIONAL INCOME, NON-TARIFF BARRIERS, OPENNESS, OUTPUT, PACIFIC REGION, PATTERN OF TRADE, PERFECT COMPETITION, PREFERENTIAL TRADE, PREFERENTIAL TRADE LIBERALIZATION, PRICE OF IMPORTS, PRODUCTION INPUTS, PRODUCTION STRUCTURES, REAL GDP, REAL GROSS DOMESTIC PRODUCT, REGIONAL TRADE, REGIONAL TRADE AGREEMENTS, REGIONAL TRADE LIBERALIZATION, REGULATORY ENVIRONMENT, REGULATORY REFORMS, RELATIVE PRICE, STANDARD DEVIATION, STANDARD DEVIATIONS, STRUCTURAL REFORM, SUBSTITUTION EFFECT, SUPPLY CURVE, TARIFF BARRIER, TARIFF BARRIERS, TARIFF DISPERSION, TARIFF LINES, TARIFF RATE, TARIFF RATES, TARIFF REDUCTION, TAX RATES, TAX REVENUE, TAXATION, TERMS OF TRADE, TOTAL IMPORT, TOTAL IMPORTS, TRADE BALANCE, TRADE BALANCES, TRADE BARRIER, TRADE BARRIERS, TRADE BLOCKS, TRADE COSTS, TRADE DATA, TRADE DIVERSION, TRADE EXPANSION, TRADE FACILITATION, TRADE FLOWS, TRADE LIBERALIZATION, TRADE PARTNERS, TRADE POLICIES, TRADE POLICY, TRADE POLICY REFORM, TRADE RELATIONS, TRADE TRANSACTION, TRADE TRANSACTIONS, TRADING PARTNER, TRADING SYSTEM, TRANSACTION COST, TRANSACTION COSTS, TRANSACTIONS COSTS, TRANSMISSION MECHANISM, TRANSPARENCY, TRANSPORT COSTS, TRANSPORTATION COSTS, WEIGHTS, WELFARE GAINS, WELFARE IMPACTS, WORLD ECONOMY, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2008/09/9891620/governance-corruption-trade-asia-pacific-region https://hdl.handle.net/10986/6961
Tags:	Add Tag No Tags, Be the first to tag this record!