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    |    DataFigure 1:  GDP Growth—G3
Chart    |    DataFigure 2:  Unemployment Rate—G3
Chart    |    DataFigure 3:  Composite Stock Price Indexes—Asia subregions, PRC, India, and US
Chart    |    DataFigure 4:  Growth of Imports from Asia—G3


  Regional economic outlook

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




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

  Progress and issues

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


  Intraregional trade in services

Tables
Chart    |    DataTable 4: The Status of Determinants of Services Trade
Charts
Chart    |    DataFigure 15: Intraregional Trade Share, 2010
Chart    |    DataFigure 16: Intraregional Trade Intensity, 2010


  Updates on financial integration

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


  Business cycle synchronization

Tables
Chart    |    DataTable 5: Business Cycle Correlation Coefficients
Charts
Chart    |    DataFigure 22: EA-9 Business Cycle Correlation—People’s Republic of China
Chart    |    DataFigure 23: EA-9 Business Cycle Correlation—Japan
Chart    |    DataFigure 24: EA-9 Business Cycle Correlation—United States
Chart    |    DataFigure 25: NIEs Business Cycle Correlation—People’s Republic of China
Chart    |    DataFigure 26: NIEs Business Cycle Correlation—Japan
Chart    |    DataFigure 27: NIEs Business Cycle Correlation—United States
Chart    |    DataFigure 28: ASEAN-4 Business Cycle Correlation—People’s Republic of China
Chart    |    DataFigure 29: ASEAN-4 Business Cycle Correlation—Japan
Chart    |    DataFigure 30: ASEAN-4 Business Cycle Correlation—United States


  Updates on labor mobility and remittances

Charts
Chart    |    DataFigure 31: Remittances Growth and Ratio to GDP—Selected Asian Countries
Chart    |    DataFigure 32: Remittance Inflows—South Asia
Chart    |    DataFigure 33: Growth Rate of Outward Remittances—Saudi Arabia
Chart    |    DataFigure 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

  Measuring progress: the AEC scorecard

Tables
Chart    |    DataTable 6: Implementation of AEC Scorecard by ASEAN Member States
Charts
Chart    |    DataFigure 35: Implementation of AEC Scorecard under Phase I and II


  Realizing the aec: obstacles, challenges, and possible solutions

Charts
Chart    |    DataFigure 36: GDP per capita of the CLMV as a share of Thailand’s GDP per capita




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

  Multilateral trade facilitation

Tables
Chart    |    DataTable 7: WTO Technical Assistance Obligations—Implications for a Trade Facilitation Agreement


  Trade facilitation in Asia and the Pacific

Tables
Chart    |    DataTable 8: Time to Export
Chart    |    DataTable 9: Benefits of Trade Facilitation
Charts
Chart    |    DataFigure 37: OECD Indicators on Selected Trade Facilitation Measures
Chart    |    DataFigure 38: Two Types of Discriminatory Treatment




  Complete Report

March 2013

Download  Cover and Highlights

Download  Part I: Regional Economic Update View Data

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


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

  Introduction

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


  Trade Integration

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


  Financial Integration

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


  Macroeconomic Interdependence

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


  Labor Mobility

Tables
Table    |    DataTable 13:  Top 15 Remittance Sources, 2011
Charts
Chart    |    DataFigure 33:  Gross Remittance Inflows—Asia
Chart    |    DataFigure 34:  Remittance Outflows
Chart    |    DataFigure 35:  Remittance Shares—Sri Lanka
Chart    |    DataFigure 36:  Remittance Shares—Bangladesh


  Infrastructure Connectivity

Tables
Table    |    DataTable 14:  Trans-ASEAN Gas Pipeline Program
Table    |    DataTable 15:  Logistics Performance Index (LPI), 2012
Charts
Chart    |    DataFigure 37:  Merchandise Trade—Asia and the World
Chart    |    DataFigure 38:  Levels of Accession to Selected International Conventions—Asia and the World


  Provision of Regional Public Goods

  Macroeconomic and Financial Cooperation

Tables
Table    |    DataTable 16:  Swap Arrangements—India, Japan, and the Republic of Korea
Table    |    DataTable 17:  Swap Arrangements—People’s Bank of China




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

Tables
Table    |    DataTable 18:  FTAs by Status—Asia and ASEAN+6
Table    |    DataTable 19:  Bilateral FTAs—ASEAN+3 and ASEAN+6, 2013
Table    |    DataTable 20:  Plurilateral FTAs—Asia and ASEAN+6, 2013
Table    |    DataTable 21:  The Trade Journey—Benefits and Challenges of Trade Liberalization
Charts
Chart    |    DataFigure 39:  FTAs by Status—Asia, 2013
Chart    |    DataFigure 40:  FTAs by Scope—Asia
Chart    |    DataFigure 41:  FTAs—Asia and ASEAN+6
Chart    |    DataFigure 42:  FTAs by Country—Asia, 2013
Chart    |    DataFigure 43:  The Speed of Tariff Liberalization Outcomes with and without Multilateralization—AFTA and WTO
Chart    |    DataFigure 44:  Stylized Welfare Effects of Different Remedies


  Complete Report

July 2012

Download  Cover and Highlights

Download  Part I: Regional Economic Update View Data

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


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

  Introduction

Tables
Table    |    DataTable 2: Basic Economic Indicators by Region and Subregion
Table    |    DataTable 3: Country Coverage for the AEIM
Table    |    DataTable 4: Progress in Regional Integration
Charts
Chart    |    DataFigure 14: Advancing Integration: Regional Indicators


  Production Networks and Trade

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


  Financial Integration

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


  Macroeconomic Interdependence

Charts
Chart    |    DataFigure 32: Output Correlations—Asia
Chart    |    DataFigure 33: Output Correlations—Asian Subregions
Chart    |    DataFigure 34: Inflation Correlations—Asia
Chart    |    DataFigure 35: Inflation Correlations—Asian Subregions
Chart    |    DataFigure 36: Gini Index
Chart    |    DataFigure 37: Income Dispersion—World and Asia
Chart    |    DataFigure 38: Income Dispersion— Developing Asia Subregions


  International and Regional Transmigration

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


  Infrastructure Connectivity

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


  Cooperation in Trade Policy

Tables
Table    |    DataTable 18: Number of Anti-Dumping Dispute Cases with WTO
Table    |    DataTable 19: Number of Dispute Cases with WTO
Table    |    DataTable 20: FTA Status—Asia (part 1)
Table    |    DataTable 20: FTA Status—Asia (part 2)
Charts
Chart    |    DataFigure 42: MFN Tariff Trends—Asia
Chart    |    DataFigure 43: FTA Initiatives by Status
Chart    |    DataFigure 44: FTA Initiatives—Asia


  Macroeconomic and Financial Cooperation

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




  Special Section—Regional Integration: A Balanced View View Data

Charts
ChartFigure 46: Impact of Integration


  Complete Report