Dynamic Comparative Advantages in the ASEAN+3

Abstract

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at https://about.jstor.org/terms Center for Economic Integration, Sejong University is collaborating with JSTOR to digitize, preserve and extend access to Journal of Economic Integration This content downloaded from 202.43.95.117 on Thu, 07 Sep 2023 11:56:21 +00:000 0 0 0 0 0 0 0 0 0 0 0 All use subject to https://about.jstor.org/terms Abstract This paper aims to investigate the dynamic changes in comparative advantage of the ASEAN, China, Republic ofKorea and Japan (commonly abbreviated as the ASEAN+3). By applying statistical and econometric methods on Revealed Symmetric Comparative Advantage (RSCA) index, this paper concludes that there have been changes in the patterns of comparative advantage in the ASEAN+3. The increases in overall comparative advantage are encouraged by the higher increases in comparative advantage of groups of products that had no or lower comparative advantage in the past. The comparative advantage pattern of the ASEAN is becoming similar with that of Japan. However, there is no stationary level of similarity in the patterns of comparative advantage.