School of Business
Permanent URI for this communityhttps://rda.sliit.lk/handle/123456789/4207
Browse
2 results
Filters
Advanced Search
Filter by
Settings
Search Results
Publication Open Access Does e-commerce really matter on international trade of Asian countries: Evidence from panel data(PLoS ONE, 2023-04-24) Shanmugalingam, P; Shanmuganeshan, A; Manorajan, A; Kugathasan, M; Pathirana, G. YOver the decades, technology has become an essential indicator to actively participate in the economic growth of nations. The usage of technology and e-commerce had created a new pathway to improve trade in Asian countries. This study seeks to verify the linkage between e-commerce and international trade. The annual data for panel data regression analysis were collected from the World Bank covering 38 Asian countries for 11 years, from 2010 to 2020. This study applied a set of estimation procedures such as descriptive statistic, correlation matrix, stationary test (Levin–Lin–Chu test, Breitung test, Augmented Dickey Fuller test, Harris–Tzavalis and Im–Pesaran–Shin test), Kao cointegration test, autocorrelation test and heteroskedasticity test. The two-step system Generalized Method of Moments (GMM) estimator was employed for dynamic panel data analysis. Empirical findings show that e-commerce significantly impacts the international trade of Asian countries. Governments of Asian countries should employ policies related to telecommunication technologies for e-commerce improvement and realize/ reap potential benefits from international trade.Publication Open Access FTA Negotiations in Asia-Pacific Region: An Empirical Study on the Determinants FTA among the Bilateral Trading Partners(researchgate.net, 2009-11) Jayathilaka, R; Keembiyahetti, NHistorically, Free Trade Agreements (FTAs) have been, and will continue to be, an important gateway for improving world trade, given that the world trading system is substantially hampered by man-made barriers. This paper examines into the deterministic key factors and their relative importance for FTA negotiations among the bilateral trading partners using a Probit Model based on 9,178 nonzero trading pairs having 705 active and operational bilateral FTAs. Based on the estimated model, the study projects the future potentiality of FTA negotiations in the Asia-Pacific region. The study works on eleven hypotheses regarding the dependency of FTA on the economic and non-economic characteristics of the bilateral trading partners and the findings support 9 out of the 11 hypotheses. The likelihood of forming an FTA between a pair of countries is higher: (1) the closer in distance the two trading partners are; (2) less remote a natural pair is relative to other countries; (3) economically larger the trading partners are; (4) more similar the trading partners are in economic size; (5) larger the differences in relative factor intensity are; (6) greater is the political stability; (7) more discontinued than connected by a common border; (8) for countries having higher import tariffs in the past; and (9) larger the number of FTAs the neighborhood countries have already signed up. These factors have economically important and statistically significant effects on the probability to form an FTA. However, this study rejected the null favouring alternative that (10) sharing a common language or having colonial relationships has no influence on negotiating for an FTA. Furthermore, our findings rejected (11) the null that countries having a higher degree of export/import intensity tend to form FTAs leading to the conclusion that the past trade or existing level of trade is not a good motivation to form FTAs. Based on the estimated model the study shows that the Asia-Pacific region is well beyond the South Asian region in terms of FTA potentiality, but the European region shows more potentiality than Asia-Pacific and any other region in the world.