A Factor Analysis of Trade Integration: The Case of Asian and Oceanic Economies

Preprint OPEN
Yin-Wong Cheung; Matthew S. Yiu; Kenneth K. Chow;
  • Subject: Factor Model, Principal Component, Growth, Trade Barriers, ASEAN
    • jel: jel:F42 | jel:F15 | jel:F36

We study trade integration among 15 selected Asian and Oceanic economies using factor models. The principal component approach is employed to extract the common factor that drives trade integration from bilateral trade integration series. It is found that the estimated ... View more
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