The aim of this study is to investigate empirically the factors that determine the level of automobile trade in East Asian countries by taking into account government policies as well as the role of MNEs. To do so, in this study we include dummies of import substitution industrialisation (ISI) and export orientation industrialisation (EOI) policies as well as Japanese FDI as additional explanatory variables in our augmented gravity models. We found that GDPs, distance, per capita income, FTA, government policies, language and FDI are the determinants for the development of automobile industry in each country in East Asia. In the case of auto P&C, apart from economic size, the role of government through trade policy (i.e., FTA) and industrial policies as well as the role of MNCs are the major contributors to the development both exports and imports of East Asian countries. In the case of final automobiles, the role of FTA and language seems to be unimportant. Nonetheless, the role of go.....

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This study sought to examine the effect of network structure and nature of IPCs on bilateral trade, with a specific focus on the automobile industry using the panel data methodology. Using the data, a deeper understanding of the determinants behind the development of East Asia?s IPCs in several ways. Firstly, apart from the economic size of the exporting and importing nations, distance, per capita income, FTA, government policies, language, and FDI, it was found that the network structure and the network nature also played a significant role in determining the level of East Asia?s trade in the automobile industry. Specifically, a nation witha high degree of trade integration with its trading partners in IPCs appeared to be poised to increase its exports and imports of automobile products, and the same can be said of a nation with a high dominating power in IPCs. Secondly, it was also found that network structure had an impact on determining the level of automobile trade when we conside.....

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The relationship between exports and economic growth has been fully analyzed by a large number of recent empirical paper. Nevertheless, the evidence is rather mixed. This study re-examine the export-led growth hypothesis (ELG) in four developing countries i.e., India, Philippines, Nigeria and Malaysia using Johansen Multivariate cointegration approach and Vector error Correction Model (VECM). The results obtained suggest that the ELG hypothesis is valid for Indian and Malaysian economy in both short and long-run. Besides, our results indicate that the growth rate of imports and government expenditure have a positive impact on economic growth forboth countries...

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