Asia Regional Integration Center

Tracking Asian Integration

Asian Economic Integration Monitor (AEIM)

The AEIM evolved from the Asia Economic Monitor (AEM), which—since December 2001—continued the work of the Asia Recovery Report in monitoring the impact of the 1997/98 Asian financial crisis and policy response. The AEIM expands its coverage to all of Asia and the Pacific.

This semiannual series combines two important elements of ADB’s knowledge portfolio—regional economic and financial monitoring and an assessment of developments in regional cooperation and integration (RCI). Intended to keep track of the region’s progress, the AEIM reviews recent economic performance, assesses new RCI developments in Asia and the Pacific and its subregions.

April 2014

The Asian Economic Integration Monitor is a semiannual review of Asia’s regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue includes Theme Chapter: Insuring Against Asia’s Natural Catastrophes

Download  Cover and Highlights

Download  Part I: Regional Economic Update

Download  Part II: Regional Cooperation and Integration

Download  Theme Chapter: Insuring Against Asia’s Natural Catastrophes

Download  Statistical Appendix: Regional Integration

Download  Complete Report




October 2013

Download  Cover and Highlights

Download  Part I: Regional Economic Update View Data

  •   External economic environment

    Charts
    Chart   |   Data Figure 1:  GDP Growth—G3
    Chart   |   Data Figure 2:  Unemployment Rate—G3
    Chart   |   Data Figure 3:  Composite Stock Price Indexes—Asia subregions, PRC, India, and US
    Chart   |   Data Figure 4:  Growth of Imports from Asia—G3
  •   Regional economic outlook

    Charts
    Chart   |   Data Figure 5:  GDP Growth—Asia
    Chart   |   Data Figure 6:  Manufacturing Purchasing Managers’ Index (PMI)—East Asia
    Chart   |   Data Figure 7:  Trade Balance, Merchandise Trade Growth, and Exchange Rate Index—India
    Chart   |   Data Figure 8:  GDP Growth—ASEAN-4 and Viet Nam
    Chart   |   Data Figure 9:  Money Supply Growth and Real Estate Loans—Philippines
    Tables
    Chart   |   Data Table 1:  Regional GDP Growth


Download  Part II: Progress in Regional Cooperation and Integration View Data

  •   Progress and issues

    Charts
    Chart   |   Data Figure 10: Standard Deviation of Exchange Rates—South and Southeast Asia
    Chart   |   Data Figure 11: Standard Deviation of Exchange Rates—PRC, Japan, Kazakhstan, and NIEs
    Chart   |   Data Figure 12: Growth in Trade Volume of Goods and Services—Advanced Economies
    Chart   |   Data Figure 13: Consumption—Asia
    Chart   |   Data Figure 14: Progress of Integration—Regional Indicators
    Tables
    Chart   |   Data Table 2: Progress in Regional Integration
    Chart   |   Data Table 3: Number of Measures Restricting Trade—G20
  •   Intraregional trade in services

    Charts
    Chart   |   Data Figure 15: Intraregional Trade Share, 2010
    Chart   |   Data Figure 16: Intraregional Trade Intensity, 2010
    Tables
    Chart   |   Data Table 4: The Status of Determinants of Services Trade
  •   Updates on financial integration

    Boxes
    Chart   |   Data Box 2 - Table01: Developing Asia’s Private External Financing
    Chart   |   Data Box 2 - Fig 01: Lending to Asia—Japanese Banks
    Chart   |   Data Box 2 - Fig 02: Lending to Asia—Australian Banks
    Chart   |   Data Box 2 - Fig 03: Composition of Capital Inflows
    Chart   |   Data Box 2 - Fig 04: Bank Credit Flows to Asia—Co-movement of Japan plus Australia and the United States
    Charts
    Chart   |   Data Figure 17: Cross-Market Dispersion of Equity Returns
    Chart   |   Data Figure 18: Growth of Stock Price Indexes—Asia
    Chart   |   Data Figure 19: Coefficient of Variation of 10-Year Bond Yield Spreads
    Chart   |   Data Figure 20: FDI Inflows and Intraregional FDI Share—Asia
    Chart   |   Data Figure 21: Japanese and European Banks’ Foreign Claims in Asia
  •   Business cycle synchronization

    Charts
    Chart   |   Data Figure 22: EA-9 Business Cycle Correlation—People’s Republic of China
    Chart   |   Data Figure 23: EA-9 Business Cycle Correlation—Japan
    Chart   |   Data Figure 24: EA-9 Business Cycle Correlation—United States
    Chart   |   Data Figure 25: NIEs Business Cycle Correlation—People’s Republic of China
    Chart   |   Data Figure 26: NIEs Business Cycle Correlation—Japan
    Chart   |   Data Figure 27: NIEs Business Cycle Correlation—United States
    Chart   |   Data Figure 28: ASEAN-4 Business Cycle Correlation—People’s Republic of China
    Chart   |   Data Figure 29: ASEAN-4 Business Cycle Correlation—Japan
    Chart   |   Data Figure 30: ASEAN-4 Business Cycle Correlation—United States
    Tables
    Chart   |   Data Table 5: Business Cycle Correlation Coefficients
  •   Updates on labor mobility and remittances

    Charts
    Chart   |   Data Figure 31: Remittances Growth and Ratio to GDP—Selected Asian Countries
    Chart   |   Data Figure 32: Remittance Inflows—South Asia
    Chart   |   Data Figure 33: Growth Rate of Outward Remittances—Saudi Arabia
    Chart   |   Data Figure 34: Share of Top Five Sources of Remittances—Bangladesh, Pakistan, and Philippines


Download  Theme Chapter I:
  Toward an ASEAN Economic Community—and Beyond
View Data



Download  Theme Chapter II:
  World Trade Facilitation Negotiations—Asian Perspectives
View Data



Download  Complete Report



March 2013

Download  Cover and Highlights

Download  Part I: Regional Economic Update View Data

Charts
Chart   |   Data Figure 1:  GDP Growth—G3
Chart   |   Data Figure 2:  Unemployment Rate—G3
Chart   |   Data Figure 3:  Exchange Rate Indexes and Trade Balance—Japan
Chart   |   Data Figure 4:  GDP Growth—Asia
Chart   |   Data Figure 5:  Consumer Confidence Index—East Asia
Chart   |   Data Figure 6:  Manufacturing Purchasing Managers’ Index—East Asia
Chart   |   Data Figure 7:  Growth of Leading Indicators for Domestic Demand—Indi
Chart   |   Data Figure 8:  Headline Inflation—South Asia
Chart   |   Data Figure 9:  Contributions to GDP Growth—Southeast Asia
Chart   |   Data Figure 10:  Consumer Confidence Index—Southeast Asia
Tables
Chart   |   Data Table 1:  Regional GDP Growth

Download  Part II: Progress in Regional Cooperation and Integration View Data

  •   Introduction

    Charts
    Chart   |   Data Figure 11:  Advancing Integration: Regional Indicators—Asia
    Chart   |   Data Figure 12:  Composite Integration Index—Asia
    Chart   |   Data Figure 13:  Progress of Integration in Asia
    Chart   |   Data Figure 14:  Average Change in Integration Indicators—Asia
    Tables
    Chart   |   Data Table 2:  Country Coverage
  •   Trade Integration

    Boxes
    Chart   |   Data Box 3:  Total Trade Growth—Asia
    Chart   |   Data Box 3:  Share of Services to Total Exports—Asia
    Charts
    Chart   |   Data Figure 15:  Merchandise Exports During Crisis—Asia
    Chart   |   Data Figure 16:  Merchandise Exports by Destination—Asia
    Chart   |   Data Figure 17:  Intra-subregional Trade Share—Asia
    Chart   |   Data Figure 18:  Total Trade in Services—Asian Subregions
    Chart   |   Data Figure 19:  Share of Services to Total Exports—Asia
    Chart   |   Data Figure 20:  Services Trade Balance—Asia
    Chart   |   Data Figure 21:  Services Trade Balance—Selected Asian Economies, 2011
    Chart   |   Data Figure 22:  Trade in Services—Aggregate of Key Asian Economies
    Chart   |   Data Figure 23:  Trade in Services—Key Asian Economies
    Tables
    Chart   |   Data Table 3:  Merchandise Export Growth by Destination—Asia
    Chart   |   Data Table 4:  Services Trade—Top Ten Economies
  •   Financial Integration

    Boxes
    Chart   |   Data Box 5:  Comparison of Shocks from Asia, Japan, and the United States to Equity Markets in Developing Asia
    Charts
    Chart   |   Data Figure 24:  Growth of Traditional and Modern Services Trade—Asia
    Chart   |   Data Figure 25:  Total Trade Growth—Asia
    Chart   |   Data Figure 26:  Cross-Market Dispersion of Equity Returns
    Chart   |   Data Figure 27:  Annual Average of Originations of Shocks to Stock Market Returns
    Chart   |   Data Figure 28:  Coefficient of Variation of 10-Year Bond Yield Spreads
    Chart   |   Data Figure 29:  Annual Average of Originations of Shocks to 10-Year Bond Yields
    Chart   |   Data Figure 30:  Portfolio Holdings—Asia
    Chart   |   Data Figure 31:  Total Debt Securities—Asia excl. Japan
    Chart   |   Data Figure 32:  Japanese and European Banks’ Foreign Claims in Asia
    Tables
    Chart   |   Data Table 5:  Annual Average of Variance Decomposition of Shocks to Stock Market Returns—Asian Subregions
    Chart   |   Data Table 6:  Annual Average of Variance Decomposition of Shocks to 10-Year Bond Yields—Asian Subregions
  •   Macroeconomic Interdependence

    Boxes
    Chart   |   Data Box 6:  1: Dependent Variable—Domestic Consumption Growth (Net of G7 Consumption Growth) by period
    Chart   |   Data Box 6:  2: Dependent Variable—Domestic Consumption Growth (Net of G7 Consumption Growth), by year
    Chart   |   Data Box 6:  3: Dependent Variable—Domestic Consumption Growth (Net of G7 Consumption Growth), by region and period
    Chart   |   Data Box 6:  4: Risk Sharing by Economy
    Tables
    Chart   |   Data Table 7:  Cross-Economy Correlation of Private Consumption Growth
    Chart   |   Data Table 8:  Cross-Economy Correlation of Output Growth
    Chart   |   Data Table 9:  Difference Between Cross-Economy Correlation of Consumption Growth and Output Growth
    Chart   |   Data Table 10:  Correlation of Domestic Consumption Growth and Domestic Output Growth
    Chart   |   Data Table 11:  Correlation of Domestic Output Growth and Consumption Growth with Asian Output Growth
    Chart   |   Data Table 12:  Correlation of Domestic Output Growth and Consumption Growth with World Output Growth
  •   Labor Mobility

    Charts
    Chart   |   Data Figure 33:  Gross Remittance Inflows—Asia
    Chart   |   Data Figure 34:  Remittance Outflows
    Chart   |   Data Figure 35:  Remittance Shares—Sri Lanka
    Chart   |   Data Figure 36:  Remittance Shares—Bangladesh
    Tables
    Chart   |   Data Table 13:  Top 15 Remittance Sources, 2011
  •   Infrastructure Connectivity

    Charts
    Chart   |   Data Figure 37:  Merchandise Trade—Asia and the World
    Tables
    Chart   |   Data Table 14:  Trans-ASEAN Gas Pipeline Program
    Chart   |   Data Table 15:  Logistics Performance Index (LPI), 2012
  •   Provision of Regional Public Goods

  •   Macroeconomic and Financial Cooperation



Download  Special Chapter—Multilateralizing Asian Regionalism:
  Approaches to Unraveling the Asian Noodle Bowl
View Data

Charts
Chart   |   Data Figure 42:  FTAs by Country—Asia, 2013
Chart   |   Data Figure 43:  The Speed of Tariff Liberalization Outcomes with and without Multilateralization—AFTA and WTO
Chart   |   Data Figure 44:  Stylized Welfare Effects of Different Remedies

Download  Complete Report



July 2012

Download  Cover and Highlights

Download  Part I: Regional Economic Update View Data

Charts
Chart   |   Data Figure 1: 10-year Government Bond Yields
Chart   |   Data Figure 2: GDP Growth—G3
Chart   |   Data Figure 3: Unemployment Rate—G3
Chart   |   Data Figure 4: Manufacturing Purchasing Managers’ Index—G3
Chart   |   Data Figure 5: Asia—GDP Growth
Chart   |   Data Figure 6: East Asia—Industrial Production Index Growth
Chart   |   Data Figure 7: East Asia—Merchandise Export and Retail Sales Growth
Chart   |   Data Figure 8: Southeast Asia—Merchandise Export, Retail Sales, and Industrial Production Growth
Chart   |   Data Figure 9: East Asia—Manufacturing Purchasing Managers’ Index
Chart   |   Data Figure 10: Southeast Asia—Consumer Confidence Indexes
Chart   |   Data Figure 11: South Asia—Trade Deficit and Growth of Exports and Imports
Chart   |   Data Figure 12: India—Growth of Domestic Demand Leading Indicators
Chart   |   Data Figure 13: Central Asia—Merchandise Export and Industrial Production Growth
Tables
Chart   |   Data Table 1: Regional GDP Growth

Download  Part II: Progress in Regional Cooperation and Integration View Data

  •   Introduction

    Charts
    Chart   |   Data Figure 14: Advancing Integration: Regional Indicators
    Tables
    Chart   |   Data Table 2: Basic Economic Indicators by Region and Subregion
    Chart   |   Data Table 3: Country Coverage for the AEIM
    Chart   |   Data Table 4: Progress in Regional Integration
  •   Production Networks and Trade

    Charts
    Chart   |   Data Figure 15: Trade Index
    Chart   |   Data Figure 16: Asia’s Trade Links: Direction of Trade
    Chart   |   Data Figure 17: Intraregional Trade Share—World
    Chart   |   Data Figure 18: Contribution to Export Growth by Stages of Production—Asia
    Chart   |   Data Figure 19: Intra-subregional Trade Share—Asia
    Chart   |   Data Figure 20: Inter-subregional Trade Share—Asia
    Chart   |   Data Figure 21: Intraregional Trade Intensity
    Chart   |   Data Figure 22: Contribution to Export Growth by Stages of Production—Asian Subregions
    Chart   |   Data Figure 23: Exports to G2 and the PRC—Asia
    Chart   |   Data Figure 24: Correlation of Asian Subregions’ Exports to PRC with PRC’s Exports
    Chart   |   Data Figure 25: Total Foreign Direct Investment Flows
    Chart   |   Data Figure 26: Intraregional Foreign Direct Investment Share
    Tables
    Chart   |   Data Table 5: Trade-to-GDP Ratio by Region and Subregion
    Chart   |   Data Table 6: Destination of Asia’s Exports by Stages of Production
    Chart   |   Data Table 7: Foreign Direct Investment Net Inflows to ASEAN members
  •   Financial Integration

    Charts
    Chart   |   Data Figure 27: Cross-Market Dispersion of Equity Returns
    Chart   |   Data Figure 28: Coefficient of Variation of 10-Year Bond Yield Spreads
    Chart   |   Data Figure 29: Intraregional Holdings of Equity and Bonds
    Chart   |   Data Figure 30: Southeast Asia’s Equity and Bond Holdings
    Chart   |   Data Figure 31: Japanese and European Banks’ Foreign Claims in Asia
  •   Macroeconomic Interdependence

    Charts
    Chart   |   Data Figure 32: Output Correlations—Asia
    Chart   |   Data Figure 33: Output Correlations—Asian Subregions
    Chart   |   Data Figure 34: Inflation Correlations—Asia
    Chart   |   Data Figure 35: Inflation Correlations—Asian Subregions
    Chart   |   Data Figure 36: Gini Index
    Chart   |   Data Figure 37: Income Dispersion—World and Asia
    Chart   |   Data Figure 38: Income Dispersion— Developing Asia Subregions
  •   International and Regional Transmigration

    Charts
    Chart   |   Data Figure 39: Gross Remittance Inflows
    Tables
    Chart   |   Data Table 8: Migrant Stock Matrix, 2000 and 2010
    Chart   |   Data Table 9: Migrant to Population Ratio, 2000 and 2010
    Chart   |   Data Table 10: Regional Share of Migrant Destinations
    Chart   |   Data Table 11: Regional Share of Tourist Arrivals
    Chart   |   Data Table 12a: Top 15 Remittance Sources, 2000
    Chart   |   Data Table 12b: Top 15 Remittance Sources, 2010
  •   Infrastructure Connectivity

    Charts
    Chart   |   Data Figure 40: Private Participation in Infrastructure — Total Investment Commitments
    Chart   |   Data Figure 41: Gross Domestic Saving—Selected Asian Economies
    Tables
    Chart   |   Data Table 13: Asia’s Infrastructure Requirements, 2010-2020
    Chart   |   Data Table 14: Infrastructure Quality Index—Asian Subregions
    Chart   |   Data Table 15: Telecommunication Density—Asian Subregions
    Chart   |   Data Table 16: Trade Facilitation Costs per Subregion
    Chart   |   Data Table 17: Total Foreign Exchange Reserves
  •   Cooperation in Trade Policy

    Charts
    Chart   |   Data Figure 42: MFN Tariff Trends—Asia
    Chart   |   Data Figure 43: FTA Initiatives by Status
    Chart   |   Data Figure 44: FTA Initiatives—Asia
    Tables
    Chart   |   Data Table 18: Number of Anti-Dumping Dispute Cases with WTO
    Chart   |   Data Table 19: Number of Dispute Cases with WTO
    Chart   |   Data Table 20: FTA Status—Asia (part 1)
    Chart   |   Data Table 20: FTA Status—Asia (part 2)
  •   Macroeconomic and Financial Cooperation

    Charts
    Chart   |   Data Figure 45: Regional Real Exchange Rate Dispersion—ASEAN 3
    Tables
    Chart   |   Data Table 21: CMIM Contributions, Purchasing Multiple, Maximum Swap Amounts and Voting-Power Distribution


Download  Special Section—Regional Integration: A Balanced View View Data

Charts
Chart   |   Data Figure 46: Impact of Integration

Download  Complete Report