Assessing the Impact of the ASEAN Economic Community

Hiro Lee and Michael G. Plummer ()
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Hiro Lee: Osaka School of International Public Policy, Osaka University

No 11E002, OSIPP Discussion Paper from Osaka School of International Public Policy, Osaka University

Abstract: Consequences of the ASEAN Economic Community (AEC) are investigated using a dynamic computable general equilibrium (CGE) model. Quantitative assessments of the effects on economic welfare, trade flows and sectoral output are offered. When the removal of trade barriers are combined with reductions in administrative and technical barriers and lowering the trade and transport margins under the assumption of endogenously determined productivity, the estimated welfare gains for the year 2015 range from 1.1% in Indonesia to 9.4% in Thailand. The results suggest that streamlining customs procedures and other reductions in administrative and technical barriers, as well as increased competition and improvements in infrastructure, are significant in enlarging the benefits of the AEC.

Keywords: ASEAN; AEC; CGE model (search for similar items in EconPapers)
JEL-codes: F15 F17 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp
Date: 2011-03
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