The Stumbling and Building of Noodle Bowl Effect of Convergence of Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP)
The study focus on convergence in 12 countries TPP (Trans-Pacific Partnership) and 16 countries RCEP (Regional Comprehensive Economic Partnership) member countries, particularly in respect to total trade for the period 2000-2017. This study uses the non-linear approach model, transition Path, and...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
HRMARS
2021
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/35643/1/stumbling2.pdf http://ir.unimas.my/id/eprint/35643/ https://hrmars.com/papers/detail/IJARBSS/8562/The-Stumbling-and-Building-of-Noodle-Bowl-Effect-of-Convergence-of-Trans-Pacific-Partnership-TPP-and-Regional-Comprehensive-Economic-Partnership-RCEP http://dx.doi.org/10.6007/IJARBSS/v11-i14/8562 |
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| Summary: | The study focus on convergence in 12 countries TPP (Trans-Pacific Partnership) and 16 countries RCEP
(Regional Comprehensive Economic Partnership) member countries, particularly in respect to total
trade for the period 2000-2017. This study uses the non-linear approach model, transition Path, and
log t-test by Philip and Sul. The Trans-Pacific Partnership’s overall convergence among member
countries shows it is diverging, and clustered themselves into four convergence clubs. As for Regional
Comprehensive Economic Partnership’s overall convergence reflects it is converging though could be
interpreted as a weak convergence, and clustered themselves into four convergence clubs. The study
concludes that it is keen towards RCEP, as it shows more similarities and unity among participating
member as to compare with TPP. |
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