RTAs Network and Market Factor Effects on Trade: Evidence from Taiwan’s Major Electronics Industry

Abstract

This study aims to examine the impact of evolution process of regional trade agreements (RTAs), focusing on the dynamics of regional networks formed by RTAs at different stages of participation in Asia-Pacific economies, and the impact of changes in market factors on Taiwan’s major electronics industry’s export. Trade effects research is divided into three levels: country, industry and product, estimated period is 2001- 2017. Estimated findings imply that market factors have impacts on the exports of EPCM and IC products to major trading partners, particularly China and ASEAN. RTAs have no significant impacts on the exports of EPCM and IC products.