Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resu...
Main Authors: | , |
---|---|
Format: | Journal Article |
Language: | EN |
Published: |
2012
|
Subjects: | |
Online Access: | http://hdl.handle.net/10986/4674 |
id |
okr-10986-4674 |
---|---|
recordtype |
oai_dc |
spelling |
okr-10986-46742021-04-23T14:02:19Z Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia Lee, Hiro van der Mensbrugghe, Dominique Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resulting from various FTA scenarios in East Asia using a dynamic global computable general equilibrium (CGE) model. The RCA rankings of commodities with various FTA scenarios and those with the global trade liberalization are correlated to examine how "natural" each grouping would be. The results suggest that the ASEAN+3 FTA, with relatively large welfare gains and small structural adjustments, could be a facilitating intermediate step towards global free trade. Some of the smaller FTAs, such as the ASEAN-China and ASEAN-Korea FTAs, would result in large structural adjustments for ASEAN countries. 2012-03-30T07:29:11Z 2012-03-30T07:29:11Z 2008 Journal Article International Journal of Applied Economics 15480003 http://hdl.handle.net/10986/4674 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article East Asia China Korea, Republic of |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
EN |
topic |
Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 |
spellingShingle |
Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Lee, Hiro van der Mensbrugghe, Dominique Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
geographic_facet |
East Asia China Korea, Republic of |
relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
description |
Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resulting from various FTA scenarios in East Asia using a dynamic global computable general equilibrium (CGE) model. The RCA rankings of commodities with various FTA scenarios and those with the global trade liberalization are correlated to examine how "natural" each grouping would be. The results suggest that the ASEAN+3 FTA, with relatively large welfare gains and small structural adjustments, could be a facilitating intermediate step towards global free trade. Some of the smaller FTAs, such as the ASEAN-China and ASEAN-Korea FTAs, would result in large structural adjustments for ASEAN countries. |
format |
Journal Article |
author |
Lee, Hiro van der Mensbrugghe, Dominique |
author_facet |
Lee, Hiro van der Mensbrugghe, Dominique |
author_sort |
Lee, Hiro |
title |
Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
title_short |
Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
title_full |
Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
title_fullStr |
Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
title_full_unstemmed |
Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia |
title_sort |
regional integration, sectoral adjustments and natural groupings in east asia |
publishDate |
2012 |
url |
http://hdl.handle.net/10986/4674 |
_version_ |
1764392348691726336 |