Who's Ready for ASEAN 2015? Firm Expectations and Preparations in the Philippines
New-new trade theory makes predictions regarding the types of firms most likely to benefit from increases in economic openness. This paper exploits the launch of the ASEAN Economic Community in 2015 to test predictions regarding the types of firms that are optimistic about, and prepared for, increas...
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| Veröffentlicht in: | Pacific affairs 2016-06, Vol.89 (2), p.259-285 |
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| creator | Cruz, Cesi Gordoncillo, Prudenciano U. Graham, Benjamin A.T. Madamba, Jeanette Angeline B. Cabardo, Jewel Joanna S. |
| description | New-new trade theory makes predictions regarding the types of firms most likely to benefit from increases in economic openness. This paper exploits the launch of the ASEAN Economic Community in 2015 to test predictions regarding the types of firms that are optimistic about, and prepared
for, increased regional integration. We introduce data from an original survey conducted just prior to the launch of the AEC of over 300 mostly multinational firms operating in the Philippines. We find that firms' prior exposure to other economies in the region is a strong and positive predictor
of both optimism and preparation. A firms' capabilities (i.e., size, profitability, and growth), on the other hand, predict preparation strongly and optimism only weakly. Of particular relevance to policy makers, we also find that firms' primary policy demand on the Philippines government
is for more information and communication, and that even highly capable firms make this demand. Our findings suggest that, despite outreach efforts by the Philippines government, a lack of information continues to impede firms' abilities to seize the new opportunities associated with regional
integration. |
| doi_str_mv | 10.5509/2016892259 |
| format | Article |
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for, increased regional integration. We introduce data from an original survey conducted just prior to the launch of the AEC of over 300 mostly multinational firms operating in the Philippines. We find that firms' prior exposure to other economies in the region is a strong and positive predictor
of both optimism and preparation. A firms' capabilities (i.e., size, profitability, and growth), on the other hand, predict preparation strongly and optimism only weakly. Of particular relevance to policy makers, we also find that firms' primary policy demand on the Philippines government
is for more information and communication, and that even highly capable firms make this demand. Our findings suggest that, despite outreach efforts by the Philippines government, a lack of information continues to impede firms' abilities to seize the new opportunities associated with regional
integration.</description><identifier>ISSN: 0030-851X</identifier><identifier>EISSN: 0030-851X</identifier><identifier>EISSN: 1715-3379</identifier><identifier>DOI: 10.5509/2016892259</identifier><language>eng</language><publisher>Vancouver: Pacific Affairs, a division of the University of British</publisher><subject>Aec ; Asean ; Business ; Business community ; Colleges & universities ; Corporate growth ; Domestic markets ; Economic models ; Expectations ; Fdi ; Firms ; Hypotheses ; International business enterprises ; International organizations ; Investment ; Optimism ; Planning ; Productivity ; Regional organizations ; Summit meetings ; Surveys ; Tariffs ; Theory ; Trade</subject><ispartof>Pacific affairs, 2016-06, Vol.89 (2), p.259-285</ispartof><rights>Copyright © 2016 Pacific Affairs</rights><rights>COPYRIGHT 2016 The University of British Columbia - Pacific Affairs</rights><rights>Copyright Pacific Affairs. The University of British Columbia Jun 2016</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c405t-464a1dc3e7bdcef5e74c6e080ff0a22647c76a08cb6b0c581094c98bd10f05323</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/24779630$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/24779630$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,12824,27901,27902,57992,58225</link.rule.ids></links><search><creatorcontrib>Cruz, Cesi</creatorcontrib><creatorcontrib>Gordoncillo, Prudenciano U.</creatorcontrib><creatorcontrib>Graham, Benjamin A.T.</creatorcontrib><creatorcontrib>Madamba, Jeanette Angeline B.</creatorcontrib><creatorcontrib>Cabardo, Jewel Joanna S.</creatorcontrib><title>Who's Ready for ASEAN 2015? Firm Expectations and Preparations in the Philippines</title><title>Pacific affairs</title><description>New-new trade theory makes predictions regarding the types of firms most likely to benefit from increases in economic openness. This paper exploits the launch of the ASEAN Economic Community in 2015 to test predictions regarding the types of firms that are optimistic about, and prepared
for, increased regional integration. We introduce data from an original survey conducted just prior to the launch of the AEC of over 300 mostly multinational firms operating in the Philippines. We find that firms' prior exposure to other economies in the region is a strong and positive predictor
of both optimism and preparation. A firms' capabilities (i.e., size, profitability, and growth), on the other hand, predict preparation strongly and optimism only weakly. Of particular relevance to policy makers, we also find that firms' primary policy demand on the Philippines government
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integration.</description><subject>Aec</subject><subject>Asean</subject><subject>Business</subject><subject>Business community</subject><subject>Colleges & universities</subject><subject>Corporate growth</subject><subject>Domestic markets</subject><subject>Economic models</subject><subject>Expectations</subject><subject>Fdi</subject><subject>Firms</subject><subject>Hypotheses</subject><subject>International business enterprises</subject><subject>International organizations</subject><subject>Investment</subject><subject>Optimism</subject><subject>Planning</subject><subject>Productivity</subject><subject>Regional organizations</subject><subject>Summit meetings</subject><subject>Surveys</subject><subject>Tariffs</subject><subject>Theory</subject><subject>Trade</subject><issn>0030-851X</issn><issn>0030-851X</issn><issn>1715-3379</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><sourceid>7UB</sourceid><sourceid>8G5</sourceid><sourceid>BEC</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNptkV1rVDEQhg-iYK3eeC8EvSgIWyffJ1dyKFstFK1f6F3I5iTdLLvJaZKC_femPUvbCyeQeZl55g1huu41hmPOQX0ggEWvCOHqSXcAQGHRc_zn6SP9vHtRygZaUEwPum-_1-mooO_OjDfIp4yGH8vhC2o-_CM6DXmHln8nZ6upIcWCTBzRRXaTyftCiKiuHbpYh22YphBdedk982Zb3Kt9Pux-nS5_nnxenH_9dHYynC8sA14XTDCDR0udXI3Wee4ks8JBD96DIUQwaaUw0NuVWIHlPQbFrOpXIwYPnBJ62L2bfaecrq5dqXqTrnNsT2osFRdcMqka9XamLs3W6RB9qtlYO4UrzbggklPJGnT8H6id0e2CTdH50OrD44H384DNqZTsvJ5y2Jl8ozHo20Xoh0U0-M0Mb0pN-Z4kTEolKLT-MPdDvHSxmod_TMb4-bq103AXvdoLINrkeifoPwnelFM</recordid><startdate>20160601</startdate><enddate>20160601</enddate><creator>Cruz, Cesi</creator><creator>Gordoncillo, Prudenciano U.</creator><creator>Graham, Benjamin A.T.</creator><creator>Madamba, Jeanette Angeline B.</creator><creator>Cabardo, Jewel Joanna S.</creator><general>Pacific Affairs, a division of the University of British</general><general>University of British Columbia</general><general>The University of British Columbia - Pacific Affairs</general><general>Pacific Affairs. 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for, increased regional integration. We introduce data from an original survey conducted just prior to the launch of the AEC of over 300 mostly multinational firms operating in the Philippines. We find that firms' prior exposure to other economies in the region is a strong and positive predictor
of both optimism and preparation. A firms' capabilities (i.e., size, profitability, and growth), on the other hand, predict preparation strongly and optimism only weakly. Of particular relevance to policy makers, we also find that firms' primary policy demand on the Philippines government
is for more information and communication, and that even highly capable firms make this demand. Our findings suggest that, despite outreach efforts by the Philippines government, a lack of information continues to impede firms' abilities to seize the new opportunities associated with regional
integration.</abstract><cop>Vancouver</cop><pub>Pacific Affairs, a division of the University of British</pub><doi>10.5509/2016892259</doi><tpages>27</tpages></addata></record> |
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| ispartof | Pacific affairs, 2016-06, Vol.89 (2), p.259-285 |
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| language | eng |
| recordid | cdi_crossref_primary_10_5509_2016892259 |
| source | Jstor Complete Legacy; Worldwide Political Science Abstracts |
| subjects | Aec Asean Business Business community Colleges & universities Corporate growth Domestic markets Economic models Expectations Fdi Firms Hypotheses International business enterprises International organizations Investment Optimism Planning Productivity Regional organizations Summit meetings Surveys Tariffs Theory Trade |
| title | Who's Ready for ASEAN 2015? Firm Expectations and Preparations in the Philippines |
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