A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area
AbstractThis paper analyses the impacts of Vietnam's ASEAN Free Trade Area(AFTA) accession using a multi-region and muti-sector general equilibrium model. The static benefits of AFTA accession are likely to be relatively small. The gains from increased access to ASEAN makets would be small, and the would be offset by the costs of trade diversion. If Vietnam extends its AFTA commitments on a non-discriminatory basis, Vietnam's welfare would increase substantially. These gains are larger in part because the broader liberalization reduce the costly trade diversion and partly the resources are more efficiently allocate among Vietnam's industries. Although some currently protected industries would contract, the expansion of labor intensive manufacturing would bring greater benefits.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 16 (2001)
Issue (Month): ()
ASEAN; Free Trade Area; Vietnam; CGE;
Other versions of this item:
- Fukase, Emiko & Martin, Will, 1999. "A Quantitative evaluation of Vietnam's accession to the ASEAN Free Trade Area," Policy Research Working Paper Series 2220, The World Bank.
- F10 - International Economics - - Trade - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
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