REGIONAL INTEGRATION AND INTRA-INDUSTRY TRADE IN MANUFACTURES BETWEEN THAILAND AND OTHER APEC COUNTRIES

Author:

CHEMSRIPONG SUJINDA1,AGBOLA FRANK W.2,LEE JULIE E.2

Affiliation:

1. Faculty of Management and Information Sciences, Naresuan University, Phitsanulok, Thailand

2. Newcastle Business School, Faculty of Business and Law, The University of Newcastle, Callaghan NSW, Australia

Abstract

This article investigates the impact of regional integration on intra-industry trade in manufactures between Thailand and other APEC countries. The study uses pooled cross-sectional and time-series data spanning the period 1980–1999 at a 3-digit Standard International Trade Classification (SITC) level. After accounting for trade imbalance and following Thailand's entry into APEC, intra-industry trade in manufactures between Thailand and countries in Oceania and America decreased, while trade with other Asian countries grew marginally. Results indicate that, in the post APEC era, trade openness stimulated increased intra-industry trade levels with countries in Northeast and Southeast Asia, but decreased trade with countries in America.

Publisher

World Scientific Pub Co Pte Lt

Subject

Economics and Econometrics

Reference23 articles.

1. Intra-industry trade and inter-industry specialization as concurrent sources of International Trade in manufactures

2. B. Balassa, On the Economics of Intra-Industry Trade, eds. H. Giersch and J. C. B. Tubingen (Mohr., 1978) pp. 245–270.

3. Intra-Industry specialization

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