Assessing the Effectiveness of Aid for Trade in ASEAN Countries
2
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
Since the Aid for Trade (AfT) initiative was launched in 2005, it has become increasingly important as a tool to facilitate trade reforms in developing countries. At the same time, the effectiveness of AfT has been continuously debated. Particularly, ASEAN countries, excluding Singapore and Brunei, have witnessed a substantial increase in AfT disbursements and commitments with impressive economic progress over the course of a decade. To estimate the effects of AfT in Southeast Asia, this study investigated the link between different AfT flows and the costs of exports and imports as a proxy for trade facilitation from 2005 to 2016. The empirical results indicate that an increase in AfT has a negative impact on trading costs, and aid directed toward economic infrastructure has a significant impact on reducing costs in ASEAN countries. Therefore, the effective allocation and implementation of AfT should be emphasized in terms of the differentiated effectiveness of AfT channels and the heterogeneous characteristics of Southeast Asian countries.
Abstract
Since the Aid for Trade (AfT) initiative was launched in 2005, it has become increasingly important as a tool to facilitate trade reforms in developing countries. At the same time, the effectiveness of AfT has been continuously debated. Particularly, ASEAN countries, excluding Singapore and Brunei, have witnessed a substantial increase in AfT disbursements and commitments with impressive economic progress over the course of a decade. To estimate the effects of AfT in Southeast Asia, this study investigated the link between different AfT flows and the costs of exports and imports as a proxy for trade facilitation from 2005 to 2016. The empirical results indicate that an increase in AfT has a negative impact on trading costs, and aid directed toward economic infrastructure has a significant impact on reducing costs in ASEAN countries. Therefore, the effective allocation and implementation of AfT should be emphasized in terms of the differentiated effectiveness of AfT channels and the heterogeneous characteristics of Southeast Asian countries.
참고문헌 (36)
- Aid for Trade in the Asia and the Pacific: An Update: Report to the Second Global Review on Aid for Trade, "Asian Development Bank", Asian Development Bank, ~ (2009)
- Aid for trade in Asia and the Pacific: Its role in trade-driven growth—Report from the co-chairs of the Regional Technical Group on Aid for Trade for Asia and the Pacific, "Asian Development Bank", Asian Development Bank, ~ (2012)
- Asian development outlook 2015. Financing Asia’s future growth, "Asian Development Bank", Asian Development Bank, ~ (2015)
- Increasing the effectiveness of Aid for Trade: the circumstances under which it works best, "Basnett, Yurendra", Overseas Development Institute, ~, pp.Working Paper 353 (2012)
- Burnside, Craig, "Aid, Policies, and Growth", American Economic Review, 90(4), pp.847~868 (2000)
- Busse, Matthias, "The Impact of Aid for Trade Facilitation on the Costs of Trading", University of Bochum, ~ (2010)
- Calì, M., "Does Aid for Trade Really Improve Trade Performance?", World Development, 39(5), pp.725~740 (2011)
- Calì, Massimiliano, "Assessing Aid for Trade: Effectiveness, Current Issues and Future Directions" (2013), The Commonwealth Secretariat
- Easterly, William, "Can Foreign Aid Buy Growth?", Journal of Economic Perspectives, 17(3), pp.23~48 (2003)
- Aid to the Services Sector: Does It Affect Manufacturing Exports?, "Ferro, Esteban", World Bank, ~, pp.Policy Research Working Paper No. 5728 (2011)
- Helble, Matthias, "Aid-for-trade facilitation", Review of World Economics, 148(2), pp.357~376 (2012)
- Hoekman, Bernard, "Postcrisis Growth and Development: A Development Agenda for the G-20", pp.279~328 (2011), World Bank
- Iimi, A., "Complementarities between grants and loans", Journal of the Japanese and International Economies, 22(1), pp.109~141 (2008)
- Ismail, Faizel, "Aid for Trade", World Economics, 8(1), pp.15~45 (2007)
- Study on Strengthening Production Network between Korea and CLMV, "Kim, H. S.", Korea Institute for Industrial Economics and Trade, ~, pp.Research Reports 2017-860 (2017)
- Aid for Trade: Cool Aid or Kool-Aid?, "Laird, Sam", UNCTAD, ~, pp.G-24 Discussion Paper Series, No. 38 (2007)
- Aid for Trade and Sustainable Development Agenda: Strengthening Synergies, "Lammersen, Frans", OECD, ~, pp.OECD Development Policy Paper No. 5 (2016)
- Limao, Nuno, "Infrastructure, Geographical Disadvantage and Transport Costs", World Bank Economic Review, 15(3), pp.451~479 (2001)
- Aid for Trade Facilitation in Lower-Income Countries, "Massa, Isabella", Overseas Development Institute, ~ (2013)
- Analysis on Strategies for Strengthening Economic Cooperation and Expanding Trade with ASEAN, "Min, Hyeok Ki", KIET, 6~823, pp.KIET Research Paper 2016-823 (2016)
- OECD, "Aid for Trade: Making it Effective" (2006), OECD Publishing
- OECD, "Aid for Trade and Development Results: A Management Framework" (2013), OECD
- Aid for Trade in 2012: Increasing Flows, Hardening Terms, "OECD", OECD, ~ (2014)
- OECD, "Regional Perspectives on Aid for Trade" (2014), OECD Publishing
- OECD, "Economic Outlook for Southeast Asia, China and India:Strengthening Institutional Capacity" (2015), OECD Publishing
- OECD, "Aid for Trade at a Glance 2009: Maintaining Momentum" (2009), OECD Publishing
- OECD, "Aid-for-Trade and LDCs: Starting to Show Results" (2011), WTO
- OECD, "Aid for Trade at a Glance 2013: Connecting to Value Chains" (2013), Connecting to Value Chains
- OECD, "Aid for Trade at a Glance 2013: Connecting to Value Chains" (2013), OECD Publishing
- OECD, "Aid for Trade at a Glance 2015: Reducing Trade Costs for Inclusive Sustainable Growth" (2015), OECD Publishing
- What undermines aid’s impact on growth?, "Rajan, R. G.", National Bureau of Economic Research, ~, pp.No. w11657 (2005)
- "IMF World Economic Outlook Database"[URL]
- "Doing Business Data"[URL]
- "OECD Creditor Reporting System (CRS) Aid Activity Database"[URL]
- "UNCTAD Database"[URL]
- "World Bank Database"[URL]