Preferential Trade Agreements in Asia: Alternative Scenarios of "Hub and Spoke"

Fan Zhai

No 331509, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The proliferation of preferential trade agreements in Asia may result in a number of hub and spoke configures with Japan, China and ASEAN competing as regional hub of bilateral FTAs. Using a newly developed global CGE model with imperfect competition, increasing return to scale and heterogeneous firm, we explore the potential economic effects of alternative hub and spoke configurations in Asia. The simulations results suggest that the regionalism approach to integration in the Asian context can hardly act as building block of global trade liberalization, if it is confined to shallow integration only. However, the regional trade agreements involving deep integration measures provide promising path towards global free trade.

Keywords: International Relations/Trade; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 30
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/331509/files/2724.pdf (application/pdf)

Related works:
Working Paper: Preferential Trade Agreements in Asia: Alternative Scenarios of "Hub and Spoke" (2006)
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:ags:pugtwp:331509

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().