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Transparency, Trade Costs, and Regional Integration in the Asia Pacific / Helble, Matthias
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Helble, Matthias
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Cost Analysis.
- Economic Development.
- Economic Theory and Research.
- Empirical Evidence.
- Empirical Research.
- Environment.
- Environmental Economics and Policies.
- Intermediate Goods.
- Macroeconomics and Economic Growth.
- Policy Instruments.
- Producers.
- Property Rights.
- Transaction Costs.
- Welfare Gains.
- Local Subjects:
- Cost Analysis.
- Economic Development.
- Economic Theory and Research.
- Empirical Evidence.
- Empirical Research.
- Environment.
- Environmental Economics and Policies.
- Intermediate Goods.
- Macroeconomics and Economic Growth.
- Policy Instruments.
- Producers.
- Property Rights.
- Transaction Costs.
- Welfare Gains.
- Physical Description:
- 1 online resource (39 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2007
- System Details:
- data file
- Summary:
- The authors show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalization of tariff and non-tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. The authors focus on two dimensions of transparency: predictability (reducing the cost of uncertainty) and simplification (reducing information costs). Using the Asia Pacific Economic Cooperation (APEC) member economies as a case study, the authors construct indices of importer and exporter transparency for the region from a wide range of sources. Our results from a gravity model suggest that improving trade-related transparency in APEC could hold significant benefits by raising intra-APEC trade by proximately USD 148 billion or 7.5 pecent of baseline trade in the region.
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