본문 바로가기
KERD
논문KCI 등재

Export, Logistics Performance, and Regional Economic Integration: Sectoral and Sub-Sectoral Evidence from Vietnam

2

조회

0

다운로드

0

인용

0

참고문헌

키워드

초록

As a coastal emerging country, export-led marine economy has been the develop-ment model of Vietnam over the past decades since The Renovation 1986. Given the rise of globalization, regional economic integration and logistics enhancement have been identified as key engines for economic sustainability by Vietnamese government. Nevertheless, little sectoral and sub-sectoral evidence has been given for the platform shaped by policies relevant to export, logistics performance and regional economic integration. The paper employs the trade gravity model to study the relationship between seafood export, logistics performance and regional economic integration in the case of Vietnam. Sectoral and sub-sectoral trade gravity models are employed. Logistics performance from the exporter-side and importer-side is included in the estimations. Membership to effective regional trade agreements of Vietnam are proxies for regional economic integration. Zero trade issue is resolved by the Pooled Ordinary Least Squares (POLS), Poisson Pseudo-Maximum Likelihood (PPML) and Heckman Sample Selection estimations, while endogeneity is tackled by the difference and system Generalized Method of Moments (GMM) models. Findings vary by estimation methods, data levels, product groups, and whether which side is considered. In addition, theoretical contributions and some seafood export-driving policy recommendations relevant to regional economic integration and logistics performance development are discussed.

Abstract

As a coastal emerging country, export-led marine economy has been the develop-ment model of Vietnam over the past decades since The Renovation 1986. Given the rise of globalization, regional economic integration and logistics enhancement have been identified as key engines for economic sustainability by Vietnamese government. Nevertheless, little sectoral and sub-sectoral evidence has been given for the platform shaped by policies relevant to export, logistics performance and regional economic integration. The paper employs the trade gravity model to study the relationship between seafood export, logistics performance and regional economic integration in the case of Vietnam. Sectoral and sub-sectoral trade gravity models are employed. Logistics performance from the exporter-side and importer-side is included in the estimations. Membership to effective regional trade agreements of Vietnam are proxies for regional economic integration. Zero trade issue is resolved by the Pooled Ordinary Least Squares (POLS), Poisson Pseudo-Maximum Likelihood (PPML) and Heckman Sample Selection estimations, while endogeneity is tackled by the difference and system Generalized Method of Moments (GMM) models. Findings vary by estimation methods, data levels, product groups, and whether which side is considered. In addition, theoretical contributions and some seafood export-driving policy recommendations relevant to regional economic integration and logistics performance development are discussed.

참고문헌 (61)

  1. Bensassi, S., "Relationship between logistics infrastructure and trade : Evidence from Spanish regional exports", Transportation Research Part A : Policy and Practice, 72, pp.47~61 (2015)
  2. Besedeš, T., "Distorted trade barriers : A dissection of trade costs in a"distorted gravity"model", Review of International Economics, 25, pp.148~164 (2017)
  3. Blancas, L. C., "Efficient Logistics : A Key to Vietnam's Competitiveness" (2014), The World Bank
  4. Bottasso, A., "Port infrastructures and trade : Empirical evidence from Brazil", Transportation Research Part A : Policy and Practice, 107, pp.126~139 (2018)
  5. Breitung, J., "Panel unit root tests under cross-sectional dependence", Statistica Neerlandica, 59, pp.414~433 (2005)
  6. Breusch, T. S., "A simple test for heteroscedasticity and random coefficient variation", Econometrica, 47, pp.1287~1294 (1979)
  7. Bui, T. H. H., "An analysis of factors influencing rice export in Vietnam based on gravity model", Journal of the Knowledge Economy, 8, pp.830~844 (2017)
  8. Carrère, C., "Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model", European Economic Review, 50, pp.223~247 (2006)
  9. Çelebi, D., "The role of logistics performance in promoting trade", Maritime Economics & Logistics, 21, pp.307~323 (2019)
  10. Choi, I., "Unit root tests for panel data", Journal of International Money and Finance, 20, pp.249~272 (2001)
  11. Duarte, R., "Factors driving embodied carbon in international trade : A multiregional input–output gravity model", Economic Systems Research, 30, pp.545~566 (2018)
  12. AZMAT GANI, "The Logistics Performance Effect in International Trade", The Asian Journal of Shipping and Logistics, 33(4), pp.279~288 (2017), 한국해운물류학회
  13. General Statistics Office of Vietnam, "Statistical Yearbook of Vietnam 2019" (2019), Statistical Publishing House
  14. "Annual export value of goods by economic sectors and commodity groups" (2020)[URL]
  15. "Annual aquaculture area" (2021)[URL]
  16. Harris, R. D. F., "Inference for unit roots in dynamic panels where the time dimension is fixed", Journal of Econometrics, 91, pp.201~226 (1999)
  17. Hausman, W. H., "The Practice of Supply Chain Management: Where Theory and Application Converge" (2004), Springer
  18. Hausman, W. H., "The impact of logistics performance on trade", Production and Operations Management, 22, pp.236~252 (2013)
  19. "Market access map" (2020)[URL]
  20. Jagdambe, S., "Effects of ASEAN-India free trade agreement on agricultural trade : The gravity model approach", World Development Perspectives, 19, pp.100212~ (2020)
  21. Kabir, M., "The gravity model and trade flows : Recent developments in econometric modeling and empirical evidence", Economic Analysis and Policy, 56, pp.60~71 (2017)
  22. Bassem Kahouli, "Regional Integration Agreements, Trade Flows and Economic Crisis: A Static and Dynamic Gravity Model", International Economic Journal, 30(4), pp.450~475 (2016), 한국국제경제학회
  23. Kahouli, B., "Trade creation and diversion effects in the Mediterranean area : Econometric analysis by gravity model", The Journal of International Trade & Economic Development, 24, pp.76~104 (2015)
  24. Kahouli, B., "Foreign direct investment, foreign trade and environment : New evidence from simultaneousequation system of gravity models", Research in International Business and Finance, 42, pp.353~364 (2017)
  25. Kao, C., "Spurious regression and residual-based tests for cointegration in panel data", Journal of Econometrics, 90, pp.1~44 (1999)
  26. Khurana, R., "ASEAN-India free trade agreement : Evaluating trade creation and trade diversion effects", Journal of East-West Business, 23, pp.283~307 (2017)
  27. Kuik, O., "Competitive advantage in the renewable energy industry : Evidence from a gravity model", Renewable Energy, 131, pp.472~481 (2019)
  28. Lee, H. L., "Higher supply chain security with lower cost : Lessons from total quality management", International Journal of Production Economics, 96, pp.289~300 (2005)
  29. Leng, Z., "Do China’s wind energy products have potentials for trade with the"Belt and Road"countries? A gravity model approach", Energy Policy, 137, pp.111172~ (2020)
  30. Levin, A., "Unit root tests in panel data : Asymptotic and finite-sample properties", Journal of Econometrics, 108, pp.1~24 (2002)
  31. Linder, S. B., "An Essay on Trade and Transformation" (1961), Almqvist & Wiksell
  32. Liu, Z., "A pendulum gravity model of outward FDI and export", International Business Review, 25, pp.1356~1371 (2016)
  33. Martí, L., "The importance of export logistics and trade costs in emerging economies", Maritime Economics & Logistics, 19, pp.315~333 (2017)
  34. Martí, L., "The importance of the logistics performance index in international trade", Applied Economics, 46, pp.2982~2992 (2014)
  35. "Seafood exports in the first 11 months of 2021" (2021)[URL]
  36. "Information about Vietnam’s geography" (2021)[URL]
  37. Ministry of Industry and Trade, "Vietnam Logistics Report 2020 – Reducing Logistics Costs" (2020), Industry and Trade Publishing House
  38. Narayan, S., "Does the trade gravity model depend on trading partners? Some evidence from Vietnam and her 54 trading partners", International Review of Economics & Finance, 41, pp.220~237 (2016)
  39. Nasrullah, M., "Determinants of forest product group trade by gravity model approach : A case study of China", Forest Policy and Economics, 113, pp.102117~ (2020)
  40. Natale, F., "Analysis of the determinants of international seafood trade using a gravity model", Marine Policy, 60, pp.98~106 (2015)
  41. Pedroni, P., "Critical values for cointegration tests in heterogeneous panels with multiple regressors", Oxford Bulletin of Economics and Statistics, 61, pp.653~670 (1999)
  42. Pöyhönen, P., "A tentative model for the volume of trade between countries", Weltwirtschaftliches Archiv, 90, pp.93~100 (1963)
  43. Puertas, R., "Logistics performance and export competitiveness : European experience", Empirica, 41, pp.467~480 (2014)
  44. Shahriar, S., "Determinants of exports in China’s meat industry : A gravity model analysis", Emerging Markets Finance and Trade, 55, pp.2544~2565 (2019)
  45. Shepotylo, O., "Effect of non-tariffmeasures on extensive and intensive margins of exports in seafood trade", Marine Policy, 68, pp.47~54 (2016)
  46. Taguchi, H., "Quantitative linkage between global value chains’ backward participation and logistics performance in the host country : A structural gravity model analysis of emerging ASEAN economies", Asia-Pacific Journal of Regional Science, 5, pp.453~475 (2021)
  47. Tham, S. Y., "Bilateral export trade, outward and inward FDI : A dynamic gravity model approach using sectoral data from Malaysia", Emerging Markets Finance and Trade, 54, pp.2718~2735 (2018)
  48. Tinbergen, J., "Shaping the World Economy : Suggestions for an International Economic Policy" (1962), Twentieth Century Fund Press
  49. "Seafood exports in October 2021: Signs of recovery" (2021)[URL]
  50. "WTO-FTA: International economic integration" (2021)[URL]
  51. Wang, C., "Determinants of bilateral trade flows in OECD countries : Evidence from gravity panel data models", The World Economy, 33, pp.894~915 (2010)
  52. Westerlund, J., "New simple tests for panel cointegration", Econometric Reviews, 24, pp.297~316 (2005)
  53. White, H., "A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity", Econometrica, 48, pp.817~838 (1980)
  54. World Bank, "Connecting to Compete 2018: Trade Logistics in the Global Economy – The Logistics Performance Index and its Indicators" (2018), The World Bank Group
  55. , 2020
  56. "Sanitary and phytosanitary information management system" (2020)[URL]
  57. "Technical barriers to trade information management system" (2020)[URL]
  58. "List of products exported by Viet Nam: Detailed products in the following category: 03 Fish and crustaceans, molluscs and other aquatic invertebrates" (2021)[URL]
  59. "List of products exported by Viet Nam: Detailed products in the following category: 16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates" (2021)[URL]
  60. Yean, T. S., "Re-examining the impact of ACFTA on ASEAN's exports of manufactured goods to China", Asian Economic Papers, 13, pp.63~82 (2014)
  61. Zaninović, P. A., "The effects of logistics performance on international trade : EU15 vs CEMS", Economic Research-Ekonomska Istraživanja, 34, pp.1566~1582 (2021)

관련 논문AI추천

이 간행물의 다른 논문 (2건)