The China effect on regional economic integration: a longitudinal study of Central, South, and Southeast Asia

IF 1.4 4区经济学 Q3 ECONOMICS

Journal of the Asia Pacific Economy Pub Date : 2023-09-18 DOI:10.1080/13547860.2023.2258018

Hong Liu, Chengwei Xu, Guanie Lim

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Abstract

Does China’s growing economic presence pose an opportunity or a threat to regional economic integration? The authors answer this question by analyzing longitudinal and cross-country evidence from three regions, Central, South, and Southeast Asia. A unique panel dataset detailing bilateral economic cooperation and each economy’s political-economic factors from 2000 to 2019 was examined. This study concludes that (1) inbound foreign direct investment from China is positively associated with a country’s intra-regional integration, (2) trade ties to China show a negative relationship with intra-regional integration, and (3) the level of a country’s regional economic integration is conditioned by domestic economic and political factors such as transportation and information connectivity, per capita GDP, population size, trade openness, and public governance. This article contributes to the literature by using fresh cross-regional evidence to decipher the China effect on regional integration, embedding the political economy at both national and regional levels, and identifying variations and significance of various political-economic factors.

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中国对区域经济一体化的影响:中亚、南亚和东南亚的纵向研究

中国日益增长的经济存在对区域经济一体化是机遇还是威胁?作者通过分析来自中亚、南亚和东南亚三个地区的纵向和跨国证据来回答这个问题。我们研究了一个独特的面板数据集，详细介绍了2000年至2019年双边经济合作和每个经济体的政治经济因素。本研究得出结论:(1)来自中国的外国直接投资与一个国家的区域内一体化呈正相关;(2)与中国的贸易联系与区域内一体化呈负相关;(3)一个国家的区域经济一体化水平受国内经济和政治因素的制约，如交通和信息连通性、人均GDP、人口规模、贸易开放程度和公共治理。本文通过使用新的跨区域证据来解读中国对区域一体化的影响，在国家和区域层面嵌入政治经济学，并识别各种政治经济因素的变化和意义，从而为文献做出贡献。

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来源期刊

Journal of the Asia Pacific Economy ECONOMICS-

CiteScore

3.70

自引率

7.10%

发文量

期刊介绍： Journal of the Asia Pacific Economy (JAPE) is concerned primarily with the developing economies within Pacific Asia and South Asia. It aims to promote greater understanding of the complex factors that have influenced and continue to shape the transformation of the diverse economies in this region. Studies on developed countries will be considered only if they have implications for the developing countries in the region. The journal''s editorial policy is to maintain a sound balance between theoretical and empirical studies. JAPE publishes research papers in economics but also welcomes papers that deal with economic issues using a multi-disciplinary approach. Submissions may range from overviews spanning the region or parts of it, to papers with a detailed focus on particular issues facing individual countries. JAPE has a broad readership, which makes papers concerned with narrow and detailed technical matters inappropriate for inclusion. In addition, papers should not be simply one more application of a formal model or statistical technique used elsewhere. Authors should note that discussion of results must make sense intuitively, and relate to the institutional and historical context of the geographic area analyzed. We particularly ask authors to spell out the practical policy implications of their findings for governments and business. In addition to articles, JAPE publishes short notes, comments and book reviews. From time to time, it also publishes special issues on matters of great importance to economies in the Asia Pacific area.