The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area
This study empirically investigates the effect of the two series of financial crisis on intra ASEAN trade. Using the gravity model, this study further examines whether the formation of the ASEAN Free Trade Area (AFTA) resulted in an increase in intra ASEAN trade for the period 1986 to 2010. From b...
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| Format: | Conference or Workshop Item |
| Language: | English |
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2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/21144/ http://psasir.upm.edu.my/id/eprint/21144/1/064_240_3rdICBER2012_Proceeding_PG0933_0941.pdf |
| _version_ | 1848844144252813312 |
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| author | Ismail, Normaz Wana |
| author_facet | Ismail, Normaz Wana |
| author_sort | Ismail, Normaz Wana |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study empirically investigates the effect of the two series of financial crisis on intra ASEAN trade.
Using the gravity model, this study further examines whether the formation of the ASEAN Free Trade
Area (AFTA) resulted in an increase in intra ASEAN trade for the period 1986 to 2010. From basic gravity
variables, the study found that market size, population, relative endowment, distance and common
border are the main determinants of bilateral trade in ASEAN. The results reveal that the Asian financial
crisis in 1997-98 did trigger the intra ASEAN trade compared to the global crisis in 2007-08. Closer
examination also shows that the establishment of AFTA increases trade creation in the region as most of
members already removed tariff among members. |
| first_indexed | 2025-11-15T08:26:15Z |
| format | Conference or Workshop Item |
| id | upm-21144 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:26:15Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-211442015-01-08T08:02:27Z http://psasir.upm.edu.my/id/eprint/21144/ The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area Ismail, Normaz Wana This study empirically investigates the effect of the two series of financial crisis on intra ASEAN trade. Using the gravity model, this study further examines whether the formation of the ASEAN Free Trade Area (AFTA) resulted in an increase in intra ASEAN trade for the period 1986 to 2010. From basic gravity variables, the study found that market size, population, relative endowment, distance and common border are the main determinants of bilateral trade in ASEAN. The results reveal that the Asian financial crisis in 1997-98 did trigger the intra ASEAN trade compared to the global crisis in 2007-08. Closer examination also shows that the establishment of AFTA increases trade creation in the region as most of members already removed tariff among members. 2012 Conference or Workshop Item NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/21144/1/064_240_3rdICBER2012_Proceeding_PG0933_0941.pdf Ismail, Normaz Wana (2012) The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area. In: 3rd International Conference on Business and Economic Research (3rd ICBER 2012), 12-13 Mar. 2012, Golden Flower Hotel, Bandung, Indonesia. (pp. 933-941). Financial crises - Southeast Asia - Congresses |
| spellingShingle | Financial crises - Southeast Asia - Congresses Ismail, Normaz Wana The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title | The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title_full | The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title_fullStr | The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title_full_unstemmed | The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title_short | The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area |
| title_sort | asian financial crisis and global finalcial crisis: evidence from asean free trade area |
| topic | Financial crises - Southeast Asia - Congresses |
| url | http://psasir.upm.edu.my/id/eprint/21144/ http://psasir.upm.edu.my/id/eprint/21144/1/064_240_3rdICBER2012_Proceeding_PG0933_0941.pdf |