Transparency and Regional Integration in the Asia Pacific

We show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalisation of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. We focus on two dimensions of transparency: pre...

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Main Authors:	Helble, Matthias, Shepherd, Ben, Wilson, John S.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Trade Policy International Trade Organizations F130 Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240
Online Access:	http://hdl.handle.net/10986/5828

id	okr-10986-5828
recordtype	oai_dc
spelling	okr-10986-58282021-04-23T14:02:23Z Transparency and Regional Integration in the Asia Pacific Helble, Matthias Shepherd, Ben Wilson, John S. Trade Policy International Trade Organizations F130 Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 We show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalisation of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. We 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, we 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 approximately US $148 billion or 7.5 per cent of baseline trade in the region. Action to improve transparency measures examined could be undertaken in many forms, including within the current APEC framework or future talks on a Free Trade Area in the Asia Pacific. 2012-03-30T07:34:44Z 2012-03-30T07:34:44Z 2009 Journal Article World Economy 03785920 http://hdl.handle.net/10986/5828 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article East Asia and Pacific
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Trade Policy International Trade Organizations F130 Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240
spellingShingle	Trade Policy International Trade Organizations F130 Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Helble, Matthias Shepherd, Ben Wilson, John S. Transparency and Regional Integration in the Asia Pacific
geographic_facet	East Asia and Pacific
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalisation of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. We 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, we 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 approximately US $148 billion or 7.5 per cent of baseline trade in the region. Action to improve transparency measures examined could be undertaken in many forms, including within the current APEC framework or future talks on a Free Trade Area in the Asia Pacific.
format	Journal Article
author	Helble, Matthias Shepherd, Ben Wilson, John S.
author_facet	Helble, Matthias Shepherd, Ben Wilson, John S.
author_sort	Helble, Matthias
title	Transparency and Regional Integration in the Asia Pacific
title_short	Transparency and Regional Integration in the Asia Pacific
title_full	Transparency and Regional Integration in the Asia Pacific
title_fullStr	Transparency and Regional Integration in the Asia Pacific
title_full_unstemmed	Transparency and Regional Integration in the Asia Pacific
title_sort	transparency and regional integration in the asia pacific
publishDate	2012
url	http://hdl.handle.net/10986/5828
_version_	1764396459912855552

Transparency and Regional Integration in the Asia Pacific

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