Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

Inkyo Cheong () and Jose Tongzon ()
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Inkyo Cheong: Department of Economics, Inha University, South Korea
Jose Tongzon: Graduate School of Logistics, Inha University, South Korea

Asian Economic Papers, 2013, vol. 12, issue 2, 144-164

Abstract: Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper estimates the net economic impact of these initiatives by eliminating the overlapping portions of free trade agreement–related economic gains through the use of a dynamic computable general equilibrium model. The paper analyzes the economic and political feasibility of these two initiatives and assesses their economic impacts. Finally, the paper provides implications for economic integration in East Asia based on a quantitative assessment. © 2013 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Keywords: Trans-Pacific Partnership agreement; Regional Comprehensive Economic Partnership; free trade; economic integration; East Asia (search for similar items in EconPapers)
JEL-codes: F10 F13 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (15)

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