Determinants of Myanmar's trade pattern and policy implications for effective financing

Saved in:

Published in:

Authors and Corporations:

Hlaing, Yuzana (Author), Oh, Jinhwan (Author), Park, Kyungmin (Author)

Other Authors:

Oh, Jinhwan [Author] • Park, Kyungmin [Author]

Type of Resource:

E-Book Component Part

Language:

English

published:

2021

Series:

Subjects:

Trade Pattern

Myanmar

Gravity Model

Panel Data Analysis

Aufsatz in Zeitschrift

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

ISSN:

2384-1648

License:

Description
Summary:	Purpose: This study examines Myanmar’s international trade pattern in terms of suggesting strategies to accelerate the country’s economic growth. Design/methodology/approach: This study uses a panel dataset of Myanmar’s 85 trading partners covering a period of a 25-year period (1994-2018). An empirical analysis based on the gravity model is conducted. Findings: T he empirical results are basically consistent with the prediction of the gravity model, and ASEAN+6 turns out to be the most effective economic bloc among regional dummies. Further comparison between Myanmar’s actual and predicted trade flows showed its economic contact with neighboring countries was under-represented. Research limitations/implications: It is recommended for Myanmar to promote regional economic cooperation with neighboring South Asian and ASEAN members based on the perspective that regional competitiveness is in line with national competitiveness. Originality/value: Given the current military coup and potential economic sanctions from the international community, this study is timely and expected to have significant contributions to the literature.
ISSN:	2384-1648
DOI:	10.17549/gbfr.2021.26.3.100
Access:	Open Access