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Comparing Economic Interdependence and the Structure of Industry in the ASEAN‐4: an International Input‐Output Approach
Author(s) -
Fujita Natsuki,
James William E.
Publication year - 1995
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/j.1467-8381.1995.tb00169.x
Subject(s) - economics , economic interdependence , international trade , promotion (chess) , industrial policy , international economics , china , political science , politics , law
Structural adjustment policies have been adopted in the ASEAN‐4 countries. The policy changes were intended to shift manufacturing from import substitution to export promotion. We assess how successful this was using the Asian International Input‐Output Tables for 1975 and 1985. The success of structural adjustment is verified, as the number of export‐led industrial sectors increased in each of the ASEAN‐4 countries. The 1‐0 tables are used to evaluate the similarity of industrial technologies and input structures of the ASEAN‐4, Japan, and other Pacific Rim economies. While there are some similarities in industrial technologies with Japan, input structures are dissimilar. Interdependence increased between the ASEAN‐4, Japan and the United States. Increases in US final demand had a larger impact on ASEAN‐4 textile exports, however, than did increases in Japanese final demand.