Technological intensity in manufacturing trade between ASEAN and the EU: challenges and opportunities
Fecha
2023
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Springer
Resumen
This article analyses trade fows EU-ASEAN, focusing on export performance and
technological intensity, covering the years 2004–2016. The aim of this paper is to
analyse to what extent, a further trade integration between the EU and ASEAN,
could generate business opportunities for countries in both trading blocs. This analysis could serve as a basis for designing and implementing efective policies and
strategies by policymakers in the face of a deepening EU-ASEAN trade integration.
Therefore, a detailed analysis of the degree of complementarity of trade patterns, the
weight of intra-industry trade, and the revealed comparative advantages allows us to
outline some of those challenges and opportunities. Results suggest that intra-industry trade is moderate, mainly focused on few manufactures, accounting for a low
value of total trade fows between the two blocs, and concentrated in a few countries. The Lafay index analysis suggests that the EU and ASEAN are natural partners regarding the technological patterns of the revealed comparative advantages;
therefore, a deepening in trade integration between this trading blocs could allow to
exploit those comparative advantages.
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Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature. Authors have received finacial support from Comunidad de Madrid, Spain (Grant: H2019/HUM-5761) and European Social Found.
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Citación
Zapata, A.N., Arrazola, M. & de Hevia, J. Technological intensity in manufacturing trade between ASEAN and the EU: challenges and opportunities. Asia Eur J 21, 23–42 (2023). https://doi.org/10.1007/s10308-023-00661-1
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