Sustainable Grouping of Economies for a Pacific Rim Trading Bloc

Inkyo Cheong
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Inkyo Cheong: Korea Institute for International Economic Policy

Korean Economic Review, 1998, vol. 14, 149-171

Abstract: This paper is concerned with finding sustainable grouping of economies for an APEC trading bloc Several combinations of economies are considered and effects of economic integration of each grouping are evaluated using a multi-sector, multF region, computational general equilibrium (CGE) model The model predicts that some very substantially large trading bloc would be sustain-able in the Pacific region. For example the imperfectly-competitive model sug-gests that, if a trading bloc in the Pacific rim could be achieved by excluding Canada, Mexico, and Thailand all remaining members would gain and there-fore can be candidates for a Pacific rim trading bloc. The imperfectly-com-petitive model simulates substantially larger welfare gains than does the perfect-ly-competitive model. According to the imperfectly-competitive model, Korea, Taiwan, Singapore and China/Hong Kong would reap very large gains from the trading bloc.

Keywords: Trading Bloc; Asia Pacific Rim; Generdl Equilibrium Modeling; CGE (search for similar items in EconPapers)
JEL-codes: C63 D58 F15 (search for similar items in EconPapers)
Date: 1998
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