Capital market integration in ASEAN: A non-stationary panel data analysis

Motivated by the establishment of ASEAN Economic Community (AEC) at the end of 2015, we examine saving-investment relationship in various subgroups of ASEAN to assess their capital market integration. The results from second generation panel unit-root and cointegration tests that account for cross-sectional dependence as well as estimates of long-run saving-retention rate provide some evidence of market integration in ASEAN. The analysis of short-run dynamics suggests that capital mobility in ASEAN during 1980–2014 appears similar to that in OECD countries during 1970–1999. More importantly, across different panel estimators and subgroups of membership, there is considerable heterogeneity among the member countries. The saving-investment association is very weak, thereby implying very high capital mobility, in more developed members such as Singapore, Malaysia, and Brunei; the association is very strong, implying very low capital mobility, for much less developed members such as Laos, Myanmar, and Cambodia. The results call for renewed effort to develop capital markets in less developed nations and integrate them with the rest of the membership in ASEAN. In this paper, we also address several major shortcomings of the original Feldstein-Horioka framework.     

区域经济一体化、中国-东盟自由贸易区与广西边境贸易研究

区域经济一体化、中国-东盟自由贸易区与广西边境贸易是三个具有密切关系的三个问题。其中区域经济一体化是世界经济一体化的重要组成部分；中国-东盟自由贸易区则是区域经济一体化在亚洲的具体表现形式。广西边境贸易经过了起步、快速增长等阶段，既有着自己独特的优势，也面临着资金困乏、政策影响、投资环境不佳等新问题。必须通过政策改进、环境改善、加强合作等措施来增加边境贸易的竞争力。     

东盟国家投资法律环境分析

通过对东盟投资法律环境的分析,推导出其发展特色以及有利和不利因素.进行投资法律环境分析是为正确投资决策服务的,只有充分了解和掌握东道国的相关法律、政策与措施之后,所作出的投资决策,才能最大限度地规避投资风险,获取良好投资效益.     

中国对东盟纺织业投资的经济效应分析

中国对东盟纺织服装业的直接投资近年来发展很快。本文从中国对东盟纺织业加强投资的原因分析入手,提出了中国对越南、柬埔寨、印尼、泰国的纺织业投资的路径选择,进而具体分析了投资带来的缓解双方同构性出口竞争压力、提高双方纺织品贸易互补性、促进中国纺织产业结构升级的经济效应。在经济效应分析的基础上．指出中国加强和优化对东盟国家纺织业投资有助于提高中国纺织业整体的核心竞争力。     

融入区域经济合作 扩大广西对外开放

广西地处东南沿海经济圈、大西南经济圈以及大东盟经济圈的结合部,具有沿海、沿边、沿江三位一体的特殊优势,是中国西南地区对外开放,走向东南亚,走向世界的重要门户。中国—东盟自由贸易区的创建,粤港澳经济一体化,给广西带来了千载难逢的历史机遇,因此,广西应全力融入区域经济一体化,充分借助这两个庞大的经济体,扩大对外开放,实现广西经济的腾飞。     

加强与东盟旅游业的合作,加快广西旅游业的发展

通过对广西与东盟旅游业合作现状的分析和对广西与东盟旅游业合作 前景的预测，提出了广西拓展与东盟旅游业合作，实施双赢战略，把广西建设成为中国与东盟连接的东线国际旅游大通道的设想。     

The Economic Rise of China: Challenges and Opportunities for ASEAN

This paper looks at the economic rise of China and its impacts and implications for the Association of South-East Asian Nations (ASEAN) region. The issues of complementarities and competitiveness of ASEAN and China in trade and investment and the opportunities and challenges arising from China's emergence and the ASEAN-China Free Trade Area are discussed. The message from China's emergence is clear and strong; it is that size does matter. To increase ASEAN competitiveness, the paper highlights the need for a deeper and more rapid economic integration of ASEAN in order to exploit scale economies. The important role of Japan in this process is highlighted. Finally the issue of ASEAN economic diversity is discussed. It is suggested that while ASEAN is fairly diverse, this should not be a critical stumbling block to a more rapid economic integration of ASEAN.     

四川与东盟旅游服务产业内贸易的核心因素初探

中国-东盟自由贸易区的建设为四川旅游业的发展带来了历史性的契机。在此背景下,四川如何抓住机遇,携手东盟,共谋发展成为了一个研究热点。本文以产业内贸易的视角来观察四川与东盟的旅游业发展状况,运用产业内贸易相关理论分析了影响四川与东盟旅游服务产业内贸易的核心因素,提出了区位条件、产品差异化、需求相似、区域经济协作和规模经济可以提升四川与东盟旅游服务产业内贸易水平,双方可以在较高的产业内贸易水平下,实现共赢。     

中国-东盟高技术行业垂直产业内贸易水平及特征研究

作者通过对中国-东盟的贸易结构及模式的研究,发现中国-东盟之间的贸易模式并不符合发展中国家的一般模式.2005年中国-东盟在HS1996,85类产品的垂直产业内贸易水平高达65%,这与垂直产业内贸易的理论也是不一致的.上述现象是跨国公司在全球范围内进行分工的结果.     

东亚区域经济合作新模式:中国-东盟自由贸易区

2001年11月在第五次东盟与中国领导人（10＋1）会议上，中国与东盟达成一致，确立了10年内建成中国－东盟自由贸易区的目标。这对双方关系的长远发展和东亚地区的繁荣稳定具有深远意义。它是中国继加入世界贸易组织后又一件对外经贸方面的重大事件。本就这一东亚区域合作的新模式产生的国际背景，以及实现目标所面临的困难进行分析。