A CGE ANALYSIS OF THE ASEAN+3 FREE TRADE AGREEMENT UNDER DIFFERENT MARKET STRUCTURES

Sang-Ho Lee and Chung-Sil Kim

Hitotsubashi Journal of Economics, 2012, vol. 53, issue 2, 201-215

Abstract: In this paper, we investigate the economic effects of possible free trade agreements among ASEAN+3 countries, and then compare the economic results of those FTAs. Our main findings are as follows. First, the trilateral FTA among Korea, China, and ASEAN (FTA_KCA) under the imperfectly competitive model, which would bring about a 1.02% increase in GDP for Korea, is the second-best choice for Korea. Second, according to the sectoral effects, we determined that the output of agricultural products would decrease when China joins the FTA. This is because China has a comparative advantage in the production and export of agricultural products.

Keywords: Free Trade Agreement; Imperfectly competitive model; Computable general equilibrium analysis (search for similar items in EconPapers)
JEL-codes: F15 F17 O24 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:53:y:2012:i:2:p:201-215

DOI: 10.15057/25386

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