Economic Integration in ASEAN+3 : A Network Analysis
Abstract
This paper analytically and graphically explores the characteristics of ASEAN+3’s trade
and Foreign Direct Investment integration over the 1990~2012 period by applying the
tools of network analysis. Our results find evidence that the degree of trade and Foreign
Direct Investment integration varies among ASEAN+3 member countries over the
observation period. Second, ASEAN+3’s intra-regional trade network seems to be more
densely connected than its intra-regional Foreign Direct Investment network. Third,
we reveal that large and/or advanced countries seem to be better linked and form a sub-
regional bloc of tightly connected economies only in terms of export absolute value.
Therefore, ASEAN+3 has been experiencing a widening gap in the trend and patterns
of intra-regional trade and Foreign Direct Investment among its member countries at
different levels of economic development.
Domains
Economics and Finance
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