Volatility of International Trade Flows: Case of ASEAN Free Trade Agreement Members
Journal Title: Alanya Akademik Bakış - Year 2019, Vol 3, Issue 1
Abstract
In this study, the volatility of international trade flows have been tested in a period covering 1990-2017 for the ten members of ASEAN free trade agreement with annually indicators and panel data techniques. According to the results obtained from the empirical part, there is a cyclical relationship between import and export components and they are more volatile than economic growth variable. While it can be seen for the whole panel data set that there is a causality from economic growth towards net trade, it cannot be claimed that the volatility of trade flows in Laos, Myanmar, Philippines, Thailand and Malaysia in particular is due to economic growth. Moreover, exports and imports are co-integrated both within themselves and separately by the economic growth rate, and thus they are moving together so international trade flows are not stable and uncertain.
Authors and Affiliations
Yağmur SAĞLAM
Keywords
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- EP ID EP446925
- DOI 10.29023/alanyaakademik.483909
- Views 124
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