Configuration of Free Trade Zones in the Asian-Pacific Region: Comparison of Integration Potentials

Mikhail Vladimirovich Tomilov ()
Additional contact information
Mikhail Vladimirovich Tomilov: Economic Research Institute FEB RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2019, issue 1, 84-106

Abstract: The article describes the potential free trade zones in Asia-Pacific: Trans-Pacific Partnership, Comprehensive Regional Economic Partnership, Free Trade Zone of Asia-Pacific. Literary sources used by the researchers allowed concluding that the efficiency of integration groups depends on participants’ composition and the level of their trade and economical development. The more heterogeneous trade union participants, the less effective its development. In this article economic proximity and trade interactions intensity are the main factors for choosing integration groups participants. The research goal is to assess the integration potential of mentioned free trade zones in Asia-Pacific. In order to achieve this goal the calculation of participating countries economic proximity and their trade interactions intensity is made by means of econometric and mathematical methods. As a result, Trans-Pacific Partnership which has already been cancelled because of Washington’s withdrawal turned out to be a free trade zone with the biggest integration potential. The results demonstrate the significant gap between the rest of the integration groups and the leader. It is likely to be explained either by incomplete level of integration cooperation for creating sufficient integration group providing positive trade and economical effects or by the absence of such forms of integration cooperation in Asia-Pacific, which let countries receive abovementioned effects. In addition the hypothetical zone of countries with the highest potential integration effects is identified within the premises considered in the article. It consists of 16 countries and demonstrates the highest level of economical proximity

Keywords: integration potential; economic integration; Asia-Pacific; free trade zone; regional trade; Trans-Pacific Partnership; Comprehensive Regional Economic Partnership; Free Trade Zone of Asia-Pacific (search for similar items in EconPapers)
JEL-codes: F02 F15 F53 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.spatial-economics.com/images/spatial-ec ... .084-106.Tomilov.pdf (application/pdf)
http://spatial-economics.com/eng/arkhiv-nomerov/20 ... 903-SE-2019-1-84-106 (text/html)

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:far:spaeco:y:2019:i:1:p:84-106

DOI: 10.14530/se.2019.1.084-106

Access Statistics for this article

Spatial Economics=Prostranstvennaya Ekonomika is currently edited by Pavel Minakir

More articles in Spatial Economics=Prostranstvennaya Ekonomika from Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia) Contact information at EDIRC.
Bibliographic data for series maintained by Sergey Rogov ().