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Trade—The Engine of Growth in East Asia$
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Peter C. Y. Chow and Mitchell H. Kellman

Print publication date: 1993

Print ISBN-13: 9780195078954

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195078954.001.0001

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The Comparative Homogeneity of the East Asian NIC Exports of Similar Manufactures

The Comparative Homogeneity of the East Asian NIC Exports of Similar Manufactures

Chapter:
(p.113) 8 The Comparative Homogeneity of the East Asian NIC Exports of Similar Manufactures
Source:
Trade—The Engine of Growth in East Asia
Author(s):

Peter C. Y. Chow

Mitchell H. Kellman

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195078954.003.0008

The issue of the comparative homogeneity of the NICs' manufactured exports are explored in this chapter. The hypothesis that the export responses of the four tigers to changes in the U.S. market after taking into account domestic supply capabilities were highly coordinated is examined. The authors utilize data extending over a longer period of time and employ a standard import demand model. In addition, various hypotheses that may explain the hitherto unobserved trade phenomenon are also discussed. Two polar explanations are offered for the observed homogeneity among NICs manufactured exports: a “collusive” approach and a “competitive” approach.

Keywords:   comparative homogeneity, NICs, manufactured exports, four tigers, U.S. market, standard import demand model

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