Regional and Multiregional Trade Liberalization: The Effects on Trade, Investment and Welfare
AbstractThis paper explores the impact on economies of trade liberalization under alternative regional and multilateral arrangements: unilateral liberalization; liberalization as part of the ASEAN regional grouping; liberalization as part of the APEC regional grouping; or liberalization as part of a multilateral trade liberalization regime. The paper is based on a Dynamic Intertemporal General Equilibrium model (DIGEM) called the Asia-Pacific G-Cubed Model. It is shown that the long run gains from a country's own liberalization tend to be large relative to the gains from other countries liberalizing although this varies across countries.
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Bibliographic InfoPaper provided by Brookings Institution - Working Papers in its series Papers with number 134.
Length: 29 pages
Date of creation: 1997
Date of revision:
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
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- Innwon Park, 2009.
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