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    Rights statement: This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 02/11/2017, available online: http://www.tandfonline.com/10.1080/00036846.2017.1392005

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Does the Role of Observer Countries in the Regional Trade Agreement matter for Intra-Regional Trade?

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Does the Role of Observer Countries in the Regional Trade Agreement matter for Intra-Regional Trade? / De Silva, Dakshina Garfield; Lee, Soon-Cheul.

In: Applied Economics, Vol. 50, No. 20, 02.2018, p. 2219-2228.

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De Silva, Dakshina Garfield ; Lee, Soon-Cheul. / Does the Role of Observer Countries in the Regional Trade Agreement matter for Intra-Regional Trade?. In: Applied Economics. 2018 ; Vol. 50, No. 20. pp. 2219-2228.

Bibtex

@article{3fed290d4be84a7da45cb4d1e12efc7b,
title = "Does the Role of Observer Countries in the Regional Trade Agreement matter for Intra-Regional Trade?",
abstract = "This paper investigates the effects of trade by observed economies on the intra-regional trade by SAARC members using PPML gravity models with panel data over the period 2008-2014. Eight SAARC members and eight observed countries, including the EU, are analyzed in capturing the trade effect of observed economies on intra-regional trade in SAARC. This paper provides an empirical measure of observers{\textquoteright} trade, FDI and ODA with SAARC if the exports and imports of observers to/from SAARC have positive or negative signs for intra-regional exports and imports. The results show that the exports and imports of observers to SAARC members have positive effects on bilateral exports among the members. The FDI of observers reduces the bilateral intra imports in SAARC and ODA also has a negative effect on bilateral exports among the members. These results imply that the imports by SAARC members from observer countries increase intra-regional trade in the region. The FDI and ODA increase and decrease intra-regional trade in SAARC, respectively, implying that the policies for both FDI inflow from observers and efficient aid management are needed to increase regional welfare. The study also recommends that trade between SAARC members and its observers help to increase intra-regional trade in SAARC.",
keywords = "Intra-regional trade, the role of observers, regional trade agreement, SAARC, trade",
author = "{De Silva}, {Dakshina Garfield} and Soon-Cheul Lee",
note = "This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 02/11/2017, available online: http://www.tandfonline.com/10.1080/00036846.2017.1392005",
year = "2018",
month = feb,
doi = "10.1080/00036846.2017.1392005",
language = "English",
volume = "50",
pages = "2219--2228",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "20",

}

RIS

TY - JOUR

T1 - Does the Role of Observer Countries in the Regional Trade Agreement matter for Intra-Regional Trade?

AU - De Silva, Dakshina Garfield

AU - Lee, Soon-Cheul

N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 02/11/2017, available online: http://www.tandfonline.com/10.1080/00036846.2017.1392005

PY - 2018/2

Y1 - 2018/2

N2 - This paper investigates the effects of trade by observed economies on the intra-regional trade by SAARC members using PPML gravity models with panel data over the period 2008-2014. Eight SAARC members and eight observed countries, including the EU, are analyzed in capturing the trade effect of observed economies on intra-regional trade in SAARC. This paper provides an empirical measure of observers’ trade, FDI and ODA with SAARC if the exports and imports of observers to/from SAARC have positive or negative signs for intra-regional exports and imports. The results show that the exports and imports of observers to SAARC members have positive effects on bilateral exports among the members. The FDI of observers reduces the bilateral intra imports in SAARC and ODA also has a negative effect on bilateral exports among the members. These results imply that the imports by SAARC members from observer countries increase intra-regional trade in the region. The FDI and ODA increase and decrease intra-regional trade in SAARC, respectively, implying that the policies for both FDI inflow from observers and efficient aid management are needed to increase regional welfare. The study also recommends that trade between SAARC members and its observers help to increase intra-regional trade in SAARC.

AB - This paper investigates the effects of trade by observed economies on the intra-regional trade by SAARC members using PPML gravity models with panel data over the period 2008-2014. Eight SAARC members and eight observed countries, including the EU, are analyzed in capturing the trade effect of observed economies on intra-regional trade in SAARC. This paper provides an empirical measure of observers’ trade, FDI and ODA with SAARC if the exports and imports of observers to/from SAARC have positive or negative signs for intra-regional exports and imports. The results show that the exports and imports of observers to SAARC members have positive effects on bilateral exports among the members. The FDI of observers reduces the bilateral intra imports in SAARC and ODA also has a negative effect on bilateral exports among the members. These results imply that the imports by SAARC members from observer countries increase intra-regional trade in the region. The FDI and ODA increase and decrease intra-regional trade in SAARC, respectively, implying that the policies for both FDI inflow from observers and efficient aid management are needed to increase regional welfare. The study also recommends that trade between SAARC members and its observers help to increase intra-regional trade in SAARC.

KW - Intra-regional trade

KW - the role of observers

KW - regional trade agreement

KW - SAARC

KW - trade

U2 - 10.1080/00036846.2017.1392005

DO - 10.1080/00036846.2017.1392005

M3 - Journal article

VL - 50

SP - 2219

EP - 2228

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 20

ER -