Quantitative impacts of alternative East Asia Free Trade Areas: A Computable General Equilibrium (CGE) assessment

Anyarath Kitwiwattanachai, Doug Nelson and Geoffrey Reed

Journal of Policy Modeling, 2010, vol. 32, issue 2, 286-301

Abstract: This paper analysis the relative economic effects of four East Asian Free Trade Area (FTA) options. A particular feature of the model, which is an extension from a standard CGE model, is the introduction of unemployment with the intention of assessing the changes in the real wage and unemployment in each region under each of those options. The simulation results suggest that a preferred strategy for member regions is the "East Asia FTA" multilateral agreement,1 which would yield higher gains in welfare and greater economic impacts than any of the other possible bilateral agreements - ASEAN-China, ASEAN-Japan and ASEAN-Korea. However, such an 'ideal' multilateral economic integration might be deterred by the uneasy relationship between Japan and other East Asian nations, reflecting their economic and political differences.

Keywords: Computable; General; Equilibrium; Free; Trade; Area; Trade; liberalisation; East; Asia (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0161-8938(09)00049-0
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:32:y::i:2:p:286-301

Access Statistics for this article

Journal of Policy Modeling is currently edited by A. M. Costa

More articles in Journal of Policy Modeling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().