Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models.
Trans-Pacific Partnership (TPP) is a movement among APEC economies to pursue Asia-Pacific integration in the region. Despite the fact that the Free Trade Area of the Asia-Pacific (FTAAP) still a vision, some economies attempt to establish it into reality. There are 4 (four) ASEAN Member States (AMSs...
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| Format: | Research Report |
| Language: | English |
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2013
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| Online Access: | http://hdl.handle.net/10356/54050 |
| _version_ | 1826130022592675840 |
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| author | Sefiani Rayadiani. |
| author2 | School of Humanities and Social Sciences |
| author_facet | School of Humanities and Social Sciences Sefiani Rayadiani. |
| author_sort | Sefiani Rayadiani. |
| collection | NTU |
| description | Trans-Pacific Partnership (TPP) is a movement among APEC economies to pursue Asia-Pacific integration in the region. Despite the fact that the Free Trade Area of the Asia-Pacific (FTAAP) still a vision, some economies attempt to establish it into reality. There are 4 (four) ASEAN Member States (AMSs); Brunei, Malaysia, Singapore, and Vietnam; that had joined this movement. The major question is will the rest of ASEAN Member States joining to TPP? This paper attempts to estimate the probability and willingness to integrate of ASEAN Member States with their trading partner, mainly TPP member countries. Ordered probit and logit models are estimated to explore factors affecting the willingness to integrate. This study finds that market size, dissimilarity, distance, democracy and common language are relevant variables to explain the behaviour of ASEAN to integrate with TPP member countries. The result concludes that AMSs motivation of trade liberalization is purely on market access and deteriorated with the fear of competition. This study argued that TPP should be evolutionary instead of revolutionary to AMSs. The phase of TPP should be slow and accommodative to fear of competition. |
| first_indexed | 2024-10-01T07:50:06Z |
| format | Research Report |
| id | ntu-10356/54050 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:50:06Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/540502019-12-10T14:26:20Z Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. Sefiani Rayadiani. School of Humanities and Social Sciences DRNTU::Social sciences::Economic theory::International trade Trans-Pacific Partnership (TPP) is a movement among APEC economies to pursue Asia-Pacific integration in the region. Despite the fact that the Free Trade Area of the Asia-Pacific (FTAAP) still a vision, some economies attempt to establish it into reality. There are 4 (four) ASEAN Member States (AMSs); Brunei, Malaysia, Singapore, and Vietnam; that had joined this movement. The major question is will the rest of ASEAN Member States joining to TPP? This paper attempts to estimate the probability and willingness to integrate of ASEAN Member States with their trading partner, mainly TPP member countries. Ordered probit and logit models are estimated to explore factors affecting the willingness to integrate. This study finds that market size, dissimilarity, distance, democracy and common language are relevant variables to explain the behaviour of ASEAN to integrate with TPP member countries. The result concludes that AMSs motivation of trade liberalization is purely on market access and deteriorated with the fear of competition. This study argued that TPP should be evolutionary instead of revolutionary to AMSs. The phase of TPP should be slow and accommodative to fear of competition. h022 2013-06-13T04:52:45Z 2013-06-13T04:52:45Z 2013 2013 Research Report http://hdl.handle.net/10356/54050 en 43 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic theory::International trade Sefiani Rayadiani. Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title | Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title_full | Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title_fullStr | Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title_full_unstemmed | Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title_short | Are ASEAN Member States (AMSs) willing to join the Trans-Pacific Partnership (TPP) agreement? : new evidence from ordered probit and logit models. |
| title_sort | are asean member states amss willing to join the trans pacific partnership tpp agreement new evidence from ordered probit and logit models |
| topic | DRNTU::Social sciences::Economic theory::International trade |
| url | http://hdl.handle.net/10356/54050 |
| work_keys_str_mv | AT sefianirayadiani areaseanmemberstatesamsswillingtojointhetranspacificpartnershiptppagreementnewevidencefromorderedprobitandlogitmodels |