UPM Institutional Repository

The Asian financial crisis and global finalcial crisis: evidence from Asean Free Trade Area


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).


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.

Download File


Download (200kB)

Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Subject: Financial crises - Southeast Asia - Congresses
Divisions: Faculty of Economics and Management
Keywords: ASEAN; Asian financial crisis; Global financial crisis; Intra Regional Trade; Gravity model; Financial crises
Depositing User: Samsida Samsudin
Date Deposited: 24 Jun 2013 03:10
Last Modified: 08 Jan 2015 08:02
URI: http://psasir.upm.edu.my/id/eprint/21144
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item