Abstract :

In recent years, the members of the Association of Southeast Asian Nations (ASEAN) have been concentrating on increasing trade facilitation (TF) goals. Ineffective commitment to TF can have a variety of detrimental consequences on a country’s welfare. The impact of three TF metrics on social well being in ASEAN countries is investigated in this study. The analysis shows that improvements in institutions, market efficiency, and infrastructure will enhance employment, school enrollment, and life expectancy using the System Generalized Method of Moments (SGMM) estimator with data gathered between 2000 and 2021. This progress even contributes to a reduction in the country’s annual traffic incidents. As a result, TF is a critical tool for improving a country’s social welfare.

---

Keywords :

ASEAN, Social welfare., System Generalized Method of Moments

---

References :

1. Abbott, P., Tarp, F., & Wu, C. (2017). Structural Transformation, Biased Technological Change and Employment in Vietnam. European Journal of Development Research, 29(1), 54–72. https://doi.org/10.1057/ejdr.2015.64
2. Acemoglu, D., & Robinson, J. (2008). The Role of Institutions in Growth and Development (No. 10; Policy Research Working Paper 57710). https://openknowledge.worldbank.org/handle/10986/28045
3. Agrawal, G. (2015). Foreign Direct Investment and Economic Growth in BRICS Economies: A Panel Data Analysis. Journal of Economics, Business and Management, 3(4), 421–424. https://doi.org/10.7763/joebm.2015.v3.221
4. Chakrabarti, S. (2018). Can highway development promote employment growth in India? Transport Policy, 69, 1–9. https://doi.org/10.1016/j.tranpol.2018.05.009
5. Glaeser, E. L., & Ponzetto, G. A. M. (2018). The political economy of transportation investment. Economics of Transportation, 13, 4–26. https://doi.org/10.1016/j.ecotra.2017.08.001
6. Hartono, D., & Patunru, A. A. (2020). The impacts of liberalization and trade facilitation on economic performance, poverty and income inequality: An analytical study. Economic Journal of Emerging Markets, 12(1), 67–79.
https://doi.org/10.20885/EJEM.VOL12.ISS1.ART6
7. Hernandez, D., Hansz, M., & Massobrio, R. (2020). Job accessibility through public transport and unemployment in Latin America: The case of Montevideo (Uruguay). Journal of Transport Geography, 85, 102742.
https://doi.org/10.1016/J.JTRANGEO.2020.102742
8. Hoekman, B., & Nicita, A. (2018). Non-tariff measures and trade facilitation: WTO disciplines and policy space for development. In Non-Tariff Measures: Economic Assessment and Policy Options for Development (pp. 13–79). UNCTAD.
9. International Labor Organization and Asian Development Bank (ILO & ADB). (2015). Cộng đồng ASEAN 2015. International Labor Organization and Asian Development Bank. www.ilo.org/asia,
10. Jordaan, A. C. (2014). The impact of trade facilitation factors on South Africa’s exports to a selection of African countries. Development Southern Africa, 31(4), 591–605. https://doi.org/10.1080/0376835X.2014.907535
11. Jouanjean, M.-A., Velde, W. T. D., Balchin, N., Calabrese, L., & Lemma, A. (2016). Regional infrastructure for trade facilitation — impact on growth and poverty reduction: A literature survey.
https://cdn.odi.org/media/documents/10295.pdf
12. Kurtishi-Kastrati, S. (2013). The Effects of Foreign Direct Investments for Host Country’s Economy | Request PDF. European Journal of Interdisciplinary Studies, 5(1), 26–38.
https://www.researchgate.net/publication/291300132_The_Effects_of_Foreign_Direct_Investments_for_Host_Country’s_Economy
13. Laborda, L., & Sotelsek, D. (2019). Effects of Road Infrastructure on Employment, Productivity and Growth: An Empirical Analysis at Country Level. Journal of Infrastructure Development, 11(1–2), 81–120.
https://doi.org/10.1177/0974930619879573
14. Law, C. C. H., Yip, P. S. F., & Leung, C. M. C. (2012). The impact of unemployment on suicide rate in Hong Kong during the period of economic recovery, 2003-2006. Suicide: A Global Perspective, 107–113.
https://doi.org/10.2174/978160805049911201010107
15. Le Goff, M., & Singh, R. J. (2014). Does trade reduce poverty? A view from Africa☆. Journal of African Trade, 1(1–2), 5. https://doi.org/10.1016/j.joat.2014.06.001
16. Mangla, S. K., Govindan, K., & Luthra, S. (2016). Critical success factors for reverse logistics in Indian industries: A structural model. Journal of Cleaner Production, 129, 608–621. https://doi.org/10.1016/j.jclepro.2016.03.124
17. Men, Y. V., Yeung, C. Y., & Yip, P. S. F. (2022). The association between unemployment and suicide among employed and unemployed people in Hong Kong: A time-series analysis. Journal of Affective Disorders, 305, 240–243. https://doi.org/10.1016/J.JAD.2022.03.013
18. Montoya-Torres, J. R., Muñoz-Villamizar, A., & Vega-Mejía, C. A. (2016). On the impact of collaborative strategies for goods delivery in city logistics. Production Planning and Control, 27(6), 443–455.
https://doi.org/10.1080/09537287.2016.1147092
19. Narayanan, B., Sharma, S., & Razzaque, M. (2016). Trade Facilitation in the Commonwealth: An Economic Analysis. Margin: The Journal of Applied Economic Research, 10(3), 305–336. https://doi.org/10.1177/0973801016645218
20. Nguyen, H. (2020). Sustainable development of logistics in vietnam in the period 2020-2025. International Journal of Innovation, Creativity and Change, 11(3), 665–682.
21. Nguyen, V. (2015). The impact of trade facilitation on poverty and inequality: Evidence from low- and middle-income countries. The Journal of International Trade & Economic Development, 24(3), 315–340.
https://doi.org/10.1080/09638199.2014.898315
22. Perera, S. (2016, March). Trade Facilitation Agreement (TFA)-Implementing Implications Sujeevan Perera. The Commonwealth.
23. Pham, D., Mishra, D., Cheong, K.-C., Arnold, J., Trinh, A., Ngo, H., & Nguyen, H. (2013). Trade Facilitation, Value Creation, and Competiveness : Policy Implications for Vietnam’s Economic Growth, Volume 1 (No. 1).
https://openknowledge.worldbank.org/handle/10986/16784
24. Portugal-Perez, A., & Wilson, J. S. (2009). Why trade facilitation matters to Africa. World Trade Review, 8(3), 379–416. https://doi.org/10.1017/S147474560900439X
25. Sakyi, D., & Afesorgbor, S. K. (2019). The effects of trade facilitation on trade performance in Africa. Journal of African Trade, 6(1–2), 1. https://doi.org/10.2991/jat.k.191129.001
26. Sakyi, D., Bonuedi, I., & Opoku, E. E. O. (2018). Trade facilitation and social welfare in Africa☆. Journal of African Trade, 5(1–2), 35. https://doi.org/10.1016/j.joat.2018.08.001
27. Sakyi, D., Villaverde, J., & Maza, A. (2015). Trade openness, income levels, and economic growth: The case of developing countries, 1970–2009. The Journal of International Trade & Economic Development, 24(6), 860–882. https://doi.org/10.1080/09638199.2014.971422
28. Sakyi, D., Villaverde, J., Maza, A., & Bonuedi, I. (2017). The Effects of Trade and Trade Facilitation on Economic Growth in Africa. African Development Review, 29(2), 350–361. https://doi.org/10.1111/1467-8268.12261
29. UNCTAD. (2016). Trade facilitation and development: Driving trade competitiveness, border agency effectiveness and strengthened governance. https://unctad.org/system/files/official-document/dtltlb2016d1_en.pdf
30. Wilson, J. S., Mann, C. L., & Otsuki, T. (2003). Trade Facilitation and Economic Development : Measuring the Impact (No. 2988; Policy Research Working Paper ).
31. Wilson, J. S., Mann, C. L., & Otsuki, T. (2005). Assessing the Benefits of Trade Facilitation: A Global Perspective. The World Economy, 28(6), 841–871. https://doi.org/10.1111/j.1467-9701.2005.00709.x
32. Yakubu, T. A., & Muhammed, A. I. (2021). Economic Condition And Road Transport Crashes In Nigeria: Evidence From State Level Data. Ilorin Journal of Economic Policy, 8(2), 36–44.
33. Yu, Z., & Luu, B. (2020). The Impact Of Trade Facilitation On Vietnam’s Trade Flows. ASEAN Journal of Management & Innovation, 7(1), 133–153. https://doi.org/10.14456/ajmi.2020.10
34. Yu, Z., & Luu, B. (2022). Evaluating the effect of transport infrastructure on the employment in Vietnam. 5(1), 24–39. https://doi.org/https://doi.org/10.31328/jsed.v5i1.3109
35. Zahonogo, P. (2018). Globalization and Economic Growth in Developing Countries: Evidence from Sub-Saharan Africa. The International Trade Journal, 32(2), 189–208. https://doi.org/10.1080/08853908.2017.1333933