It is well known, that ASEAN Economic Community will be created by the end of 2015. By that AEASN as a whole will become a huge market of 615 million populations. However, population size is not equivalent to market size, simply for its cross border cost in many aspects, like logistic difference, cultura land institutional heterogeneities. This project aims at exporting the empirical relationship between common market (CM) and home market effect, the effect of CM on the pattern of hub-spoke trade, the theoretical relationship between CM and the likely change on the position of vertical production specialization for the CM. In the first year, we will compute and investigate the trend of HM (hubness measure) index for the East Asian region countries, not only by total trade but also by industry.
關聯:
International Conference on “30 Years after Doi Moi Policy in Vietnamhe”會議論文集