000 01531nam a22001937a 4500
999 _c513496
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100 _aZia, Uzma
_916451
245 _aTests of income convergence in ASEAN and SAARC trading blocs
260 _bSouth Asia Economic Journal
300 _a20(2), Sep, 2019: p.167-183.
520 _aThe cherished goal of speedy economic growth in the Asian regional blocs cannot be achieved without attaining income convergence among them. Economic integration and assessment of income convergence or disparities among Asian blocs is the aim of this study. This study assesses a number of factors, such as trade openness, foreign direct investment, intellectual property rights protection and governance, to see how open economies are integrating themselves while competing with each other. Findings reveal that the SAARC group has not shown intra-regional income convergence, while the ASEAN group provides sufficient evidence. Although simultaneously considering SAARC and ASEAN groups in the form of a panel, there is evidence of non-convergence between the two regional groups. An important policy implication of the study is that the ASEAN and SAARC blocs are in dire need for combined and collective policy framework at the regional level. - Reproduced.
650 _aASEAN
_916452
650 _aSAARC
_916453
650 _aInstitutional trade
_916454
700 _aMahmood, Zafar
_916455
773 _aSouth Asia Economic Journal
906 _aRegional organisations
942 _cAR