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

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

Author Info

Hiro Lee (Osaka School of International Public Policy (OSIPP),Osaka University)
Robert F. Owen (Institute of Economics and Management of Nantes, University of Nantes)
Dominique van der Mensbrugghe (Senior Economist, The World Bank)

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.

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Publisher Info
Paper provided by Osaka School of International Public Policy, Osaka University in its series OSIPP Discussion Paper with number 08E012.

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Length: 33 pages
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:osp:wpaper:08e012

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Find related papers by JEL classification:
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
F15 - International Economics - - Trade - - - Economic Integration
F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-01-17 (All new papers)
NEP-CMP-2009-01-17 (Computational Economics)
NEP-INT-2009-01-17 (International Trade)
NEP-SEA-2009-01-17 (South East Asia)

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Other versions:
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