Transparency, Trade Costs, and Regional Integration in the Asia Pacific

The authors show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalization of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. The authors 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, the authors 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 proximately USD 148 billion or 7.5 pecent of baseline trade in the region.

Saved in:
Bibliographic Details
Main Authors: Helble, Matthias, Shepherd, Ben, Wilson, John S.
Language:English
Published: World Bank, Washington, DC 2007-11
Subjects:ACCOUNTING, AGRICULTURE, ALTERNATIVE INSTRUMENTS, ANTIDUMPING, APPLIED TARIFF, BASIC TRADE POLICY, BENCHMARKS, BENEFITS OF TRADE, BENEFITS OF TRADE FACILITATION, BILATERAL TARIFFS, BILATERAL TRADE, BILATERAL TRADE DATA, BINDING CONSTRAINTS, BUSINESS REGULATION, CAPACITY BUILDING, COMMERCIAL POLICY, COMPARATIVE ANALYSES, COMPETITIVENESS, COMPETITIVENESS OF FIRMS, CONTRACT ENFORCEABILITY, CONTRACT ENFORCEMENT, COST ANALYSIS, COUNTERFACTUAL SIMULATIONS, CUSTOMS, CUSTOMS ADMINISTRATION, CUSTOMS PROCEDURES, CUSTOMS REGULATIONS, DEGREE OF TRANSPARENCY, DEVELOPING COUNTRIES, DOMESTIC CURRENCIES, DOMESTIC PRODUCERS, DUMMY VARIABLE, DUMMY VARIABLES, ECONOMETRIC ANALYSIS, ECONOMETRICS, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC POLICY, ECONOMIC WELFARE, ELASTICITY, ELASTICITY OF SUBSTITUTION, EMERGING ECONOMIES, ENDOGENOUS VARIABLES, EQUIPMENT, EXCHANGE RATES, EXPENDITURE, EXPORT CLEARANCE, EXPORT FORMALITIES, EXPORT GROWTH, EXPORT MARKET, EXPORT MARKETS, EXPORT PERMITS, EXPORTER, EXPORTERS, EXPORTS, FACTOR ANALYSIS, FOREIGN DIRECT INVESTMENT, FREE TRADE, FUTURE RESEARCH, GDP, GENERAL EQUILIBRIUM, GENERAL EQUILIBRIUM MODEL, GLOBAL COMPETITIVENESS, GLOBAL INTEGRATION, GOVERNANCE INDICATORS, GOVERNMENT ACTION, GOVERNMENT ACTIONS, GOVERNMENT POLICIES, GRAVITY EQUATION, GRAVITY MODEL, GRAVITY MODELS, GROSS VALUE, HOMOGENEOUS GOODS, HUMAN CAPITAL, IMPORT BARRIERS, IMPORT SHARE, IMPORT TARIFFS, IMPORTS, INCOME, INCOME GROUP, INCOME GROUPS, INFORMATION TECHNOLOGY, INFRASTRUCTURE DEVELOPMENT, INSTITUTIONAL ENVIRONMENTS, INSTRUMENT, INTERMEDIATE GOODS, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL ECONOMICS, INTERNATIONAL INVESTMENT, INTERNATIONAL INVESTMENT FLOWS, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INTERNATIONAL TRADING, INTERNATIONAL TRADING SYSTEM, INTERNATIONAL TRANSACTIONS, INVENTORIES, INVESTMENT CLIMATE, INVESTOR CONFIDENCE, LACK OF TRANSPARENCY, LOW-INCOME ECONOMIES, LOW-INCOME ECONOMY, MARKET ACCESS, MARKET ENTRY, MARKET SIZE, MIDDLE-INCOME ECONOMIES, MULTILATERAL SYSTEM, NATIONAL MARKET, NON-TARIFF BARRIERS, OPEN COUNTRIES, OUTPUT, PATTERN OF TRADE, POLITICAL ECONOMY, POLITICAL ECONOMY OF REFORM, POLITICAL STABILITY, PRODUCTION COSTS, PROPERTY RIGHTS, QUANTITATIVE RESTRICTIONS, REGIONAL INTEGRATION, REGIONAL TRADE, RETURN, RULE OF LAW, SPECIALIZATION, STATISTICAL ANALYSIS, TARIFF BARRIERS, TARIFF BINDINGS, TARIFF DATA, TARIFF DISPERSION, TARIFF LINE, TARIFF LINES, TARIFF POLICY, TARIFF RATE, TARIFF RATES, TARIFF SCHEDULE, TAX, TAX RATES, TECHNICAL COOPERATION, TECHNICAL REGULATIONS, TRADE BARRIERS, TRADE CONTEXT, TRADE COSTS, TRADE EFFECTS, TRADE FACILITATION, TRADE FLOWS, TRADE IN GOODS, TRADE IN SERVICES, TRADE LIBERALIZATION, TRADE LIBERALIZATION EFFORTS, TRADE PERFORMANCE, TRADE POLICY, TRADE POLICY ENVIRONMENT, TRADE POLICY REVIEW, TRADE POLICY REVIEW MECHANISM, TRADE REMEDIES, TRADE VOLUMES, TRADING, TRADING VOLUMES, TRANSACTION, TRANSACTION COST, TRANSACTION COSTS, TRANSPARENCY, TRANSPORT COSTS, TRUST FUND, UNIFORM TARIFFS, URUGUAY ROUND, VALUE ADDED, WELFARE GAINS, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD TRADE, WORLD TRADING SYSTEM, WTO,
Online Access:http://documents.worldbank.org/curated/en/2007/11/8698313/transparency-trade-costs-regional-integration-asia-pacific
https://hdl.handle.net/10986/7573
Tags: Add Tag
No Tags, Be the first to tag this record!