EconPapers    
Economics at your fingertips  
 

Does ASEAN-Korea FTA Reduce Poverty in Laos? The Roles of FDI and Trade Facilitation

Jeong-Soo Oh

Journal of Social and Development Sciences, 2014, vol. 5, issue 2, 50-57

Abstract: The objective of this paper is to attempt to quantify the impact of the ASEAN-Korea Free Trade Agreement (AKFTA) on the roles of Foreign Direct Investment (FDI) and the improvement of trade facilitation for the national economy and poverty. The study uses a standard Global Trade Analysis Project (GTAP) model for this analysis. The simulation results show that with consideration to the flow of FDI and the improvement in trade facilitation. Laos has gained significantly from AKFTA. The real GDP, welfare, and household income have increased as well as improvement in Laos’ trade terms and balance. In addition, the income of unskilled labor that affects the poverty level has also increased significantly. Therefore, AKFTA has increased growth and also improved income distribution in Laos.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ojs.amhinternational.com/index.php/jsds/article/view/805/805 (application/pdf)
https://ojs.amhinternational.com/index.php/jsds/article/view/805 (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:rnd:arjsds:v:5:y:2014:i:2:p:50-57

DOI: 10.22610/jsds.v5i2.805

Access Statistics for this article

More articles in Journal of Social and Development Sciences from AMH International
Bibliographic data for series maintained by Muhammad Tayyab (manager@amhinternational.com).

 
Page updated 2024-12-28
Handle: RePEc:rnd:arjsds:v:5:y:2014:i:2:p:50-57