Regional Integration in Asia and Its Effects on the EU and North America
Consequences of free-trade agreements (FTAs) among the ASEAN+3 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 endog...
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okr-10986-46732021-04-23T14:02:19Z Regional Integration in Asia and Its Effects on the EU and North America Lee, Hiro Owen, Robert F. van der Mensbrugghe, Dominique Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Agriculture in International Trade Q170 Consequences of free-trade agreements (FTAs) among the ASEAN+3 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. 2012-03-30T07:29:10Z 2012-03-30T07:29:10Z 2009 Journal Article Journal of Asian Economics 10490078 http://hdl.handle.net/10986/4673 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Singapore China |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
EN |
topic |
Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Agriculture in International Trade Q170 |
spellingShingle |
Country and Industry Studies of Trade F140 Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Agriculture in International Trade Q170 Lee, Hiro Owen, Robert F. van der Mensbrugghe, Dominique Regional Integration in Asia and Its Effects on the EU and North America |
geographic_facet |
Singapore China |
relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
description |
Consequences of free-trade agreements (FTAs) among the ASEAN+3 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. |
format |
Journal Article |
author |
Lee, Hiro Owen, Robert F. van der Mensbrugghe, Dominique |
author_facet |
Lee, Hiro Owen, Robert F. van der Mensbrugghe, Dominique |
author_sort |
Lee, Hiro |
title |
Regional Integration in Asia and Its Effects on the EU and North America |
title_short |
Regional Integration in Asia and Its Effects on the EU and North America |
title_full |
Regional Integration in Asia and Its Effects on the EU and North America |
title_fullStr |
Regional Integration in Asia and Its Effects on the EU and North America |
title_full_unstemmed |
Regional Integration in Asia and Its Effects on the EU and North America |
title_sort |
regional integration in asia and its effects on the eu and north america |
publishDate |
2012 |
url |
http://hdl.handle.net/10986/4673 |
_version_ |
1764392344771100672 |