Regional Integration in Asia and Its Effects on the EU and North America

Hiro Lee, Robert Owen () and Dominique van der Mensbrugghe ()

No 08E012, OSIPP Discussion Paper from Osaka School of International Public Policy, Osaka University

Abstract: Consequences of free trade agreements (FTAs) among the ASEAN+3 countries and ASEAN+6 countries are explored using a dynamic computable general equilibrium (CGE) model. Quantitative assessments of intra and extra-regional effects on welfare, trade and output are offered. When both trade facilitation and endogenously determined productivity are included in the FTA scenarios, Singapore, other ASEAN countries and China would be able to realize relatively large welfare gains, while the welfare effects on the EU and North America are negligible. The trade and output effects on the latter two regions are also relatively small, with the notable exception of crops, other than rice, in North America.

Keywords: Regional integration; FTA; East Asia; welfare effects; CGE model (search for similar items in EconPapers)
JEL-codes: C68 F15 F17 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2008-12
New Economics Papers: this item is included in nep-cmp, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Regional integration in Asia and its effects on the EU and North America (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:osp:wpaper:08e012

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