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

• Tác giả: Matthias Helble
• Ngôn ngữ: eng
• Ký hiệu phân loại: 342.25 Constitutional and administrative law
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 291239
• Chủ đề: 1. ACCOUNTING; 2. AGRICULTURE; 3. ALTERNATIVE INSTRUMENTS; 4. ANTIDUMPING; 5. APPLIED TARIFF

Tóm tắt

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.