IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/82340.html
   My bibliography  Save this paper

Political feasibility and empirical assessments of a Pacific free trade area

Author

Listed:
  • Lee, Hiro
  • Woodall, Brian

Abstract

While much has been written about the significance of expanded intraregional trade flows in East Asia and the Pacific Basin, considerably less attention has been paid to the political feasibility and the economic benefits and costs of such. Is an East Asian free trade area (EAFTA) agreement politically feasible? What about a Pacific free trade area (PAFTA)? How likely is it that the governments of the various countries of the region can successfully negotiate an agreement establishing a free trade area? Which countries would stand to benefit economically and which will lose in the event that trade barriers are removed in conjunction with the creation of one or the other of the proposed free trade agreements? What about the effects of possible retaliation by the United States against EAFTA member countries? In this paper, we seek to provide answers to these and other related questions.

Suggested Citation

  • Lee, Hiro & Woodall, Brian, 1998. "Political feasibility and empirical assessments of a Pacific free trade area," MPRA Paper 82340, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82340
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/82340/1/MPRA_paper_82340.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lee, Hiro & Roland-Holst, David, 1999. "Cooperation or Confrontation in U.S.-Japan Trade? Some General Equilibrium Estimates," Journal of the Japanese and International Economies, Elsevier, vol. 13(2), pages 119-139, June.
    2. Jeffrey Frankel & Miles Kahler, 1993. "Regionalism and Rivalry: Japan and the United States in Pacific Asia," NBER Books, National Bureau of Economic Research, Inc, number fran93-1, July.
    3. Hiro Lee & David Roland-Holst, 1994. "Trade Liberalization and Employment Linkages in the Pacific Basin," OECD Development Centre Working Papers 94, OECD Publishing.
    4. Hiro Lee & David Roland-Holst, 1994. "Shifting Comparative Advantage and the Employment Effects of US—Japan Trade," The World Economy, Wiley Blackwell, vol. 17(3), pages 323-345, May.
    5. Marcus Noland & Bela Balassa, 1988. "Japan in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0412, October.
    6. Yoko Sazanami & Shujiro Urata & Hiroki Kawai, 1995. "Measuring the Costs of Protection in Japan," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 32, January.
    7. Ippei YAMAZAWA, 1996. "APEC's NEW DEVELOPMENT AND ITS IMPLICATIONS FOR NONMEMBER DEVELOPING COUNTRIES," The Developing Economies, Institute of Developing Economies, vol. 34(2), pages 134-137, June.
    8. Rousseau, David L. & Gelpi, Christopher & Reiter, Dan & Huth, Paul K., 1996. "Assessing the Dyadic Nature of the Democratic Peace, 1918–88," American Political Science Review, Cambridge University Press, vol. 90(3), pages 512-533, September.
    9. Marcus Noland, 1995. "China and the International Economic System," Working Paper Series WP95-6, Peterson Institute for International Economics.
    10. Yamazawa, Ippei, 1994. "Asia Pacific economic community: New paradigm and challenges," Journal of Asian Economics, Elsevier, vol. 5(3), pages 301-312.
    11. Jeffrey J. Schott, 1991. "Trading Blocs and the World Trading System," The World Economy, Wiley Blackwell, vol. 14(1), pages 1-18, March.
    12. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    13. Beason, Richard & Weinstein, David E, 1996. "Growth, Economies of Scale, and Targeting in Japan (1955-1990)," The Review of Economics and Statistics, MIT Press, vol. 78(2), pages 286-295, May.
    14. Garnaut, Ross, 1994. "Open regionalism: Its analytic basis and relevance to the international system," Journal of Asian Economics, Elsevier, vol. 5(2), pages 273-290.
    15. Elek, Andrew, 1992. "Trade Policy Options for the Asia-Pacific Region in the 1990's: The Potential of Open Regionalism," American Economic Review, American Economic Association, vol. 82(2), pages 74-78, May.
    16. Putnam, Robert D., 1988. "Diplomacy and domestic politics: the logic of two-level games," International Organization, Cambridge University Press, vol. 42(3), pages 427-460, July.
    17. Dean, J.M. & Desai, S. & Riedel, J., 1994. "Trade Policy Reform in Developing Countries since 1985," World Bank - Discussion Papers 267, World Bank.
    18. Kreinin, Mordechai E. & Plummer, Michael G., 1992. "Effects of economic integration in industrial countries on ASEAN and the Asian NIEs," World Development, Elsevier, vol. 20(9), pages 1345-1366, September.
    19. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    20. Peter A. Petri, 1993. "The East Asian Trading Bloc: An Analytical History," NBER Chapters, in: Regionalism and Rivalry: Japan and the United States in Pacific Asia, pages 21-52, National Bureau of Economic Research, Inc.
    21. Jeffrey A. Frankel & Miles Kahler, 1993. "Introduction to "Regionalism and Rivalry: Japan and the United States in Pacific Asia"," NBER Chapters, in: Regionalism and Rivalry: Japan and the United States in Pacific Asia, pages 1-18, National Bureau of Economic Research, Inc.
    22. Yamazawa, Ippei, 1992. "On Pacific Economic Integration," Economic Journal, Royal Economic Society, vol. 102(415), pages 1519-1529, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roland-Holst, David & Tarp, Finn & Huong, Pham Lan & Thanh, Vo Tri, 2003. "Dragon by the Tail, Dragon by the Head, Bilateralism and Globalism in East Asia," MPRA Paper 29423, University Library of Munich, Germany.
    2. Hiro Lee & David Roland-Holst & Dominique van der Mensbrugghe, 1999. "General Equilibrium Assessments of Trade Liberalization in APEC Countries," Discussion Paper Series 103, Research Institute for Economics & Business Administration, Kobe University.
    3. Lee, Hiro & Roland-Holst, David, 1999. "Cooperation or Confrontation in U.S.-Japan Trade? Some General Equilibrium Estimates," Journal of the Japanese and International Economies, Elsevier, vol. 13(2), pages 119-139, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Hiro & Roland-Holst, David W., 1998. "Prelude to the pacific century: Overview of the region, leading issues, and methodology," MPRA Paper 82339, University Library of Munich, Germany.
    2. Alpay, Savas, 2003. "How Can Trade Liberalization Be Conducive to a Better Environment?," Conference papers 331113, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Robert J. R. Elliott & Kengo Ikemoto, 2004. "AFTA and the Asian Crisis: Help or Hindrance to ASEAN Intra‐Regional Trade?," Asian Economic Journal, East Asian Economic Association, vol. 18(1), pages 1-23, March.
    4. Lee, Hiro, 2001. "General equilibrium evaluation of Japan-Singapore free trade agreement," MPRA Paper 82605, University Library of Munich, Germany.
    5. Peter Drysdale, 1995. "The Question of Access to the Japanese Market," The Economic Record, The Economic Society of Australia, vol. 71(3), pages 271-283, September.
    6. Kakali Mukhopadhyay & Paul Thomassin, 2010. "Impact of Regional Economic Integration in East Asia," International Economic Journal, Taylor & Francis Journals, vol. 24(2), pages 125-153.
    7. Prema-chandra Athukorala, 2013. "Global production sharing and trade patterns in East Asia," Departmental Working Papers 2013-10, The Australian National University, Arndt-Corden Department of Economics.
    8. Piriya Pholphirul, 2010. "Does AFTA Create More Trade for Thailand? An Investigation of Some Key Trade Indicators," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 29(1), pages 51-78.
    9. Zhai, Fan, 2007. "Armington Meets Melitz: Introducing Firm Heterogeneity in Global CGE Model of Trade," Conference papers 331646, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    10. Catherine Figuière & Laëtitia Guilhot & Cyriac Guillaumin, 2013. "La question du régime de change en Asie de l'Est : Vers un bloc monétaire régional ?," Revue d'économie politique, Dalloz, vol. 123(2), pages 265-298.
    11. Ditya Agung Nurdianto, 2016. "Economic Impacts of a Carbon Tax in an Integrated ASEAN," EEPSEA Special and Technical Paper tp201604t5, Economy and Environment Program for Southeast Asia (EEPSEA), revised Apr 2016.
    12. Kym Anderson, 2003. "Measuring Effects of Trade Policy Distortions: How Far Have We Come?," The World Economy, Wiley Blackwell, vol. 26(4), pages 413-440, April.
    13. Roland-Holst, David & Mensbrugghe, Dominique van der & Tarp, Finn & Rand, John & Barslund, Mikkel, 2002. "Prototype Specification for a Real Computable General Equilibrium Model," MPRA Paper 29788, University Library of Munich, Germany.
    14. Robson, Edward N. & Wijayaratna, Kasun P. & Dixit, Vinayak V., 2018. "A review of computable general equilibrium models for transport and their applications in appraisal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 116(C), pages 31-53.
    15. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    16. Jong‐Wha Lee & Innwon Park, 2005. "Free Trade Areas in East Asia: Discriminatory or Non‐discriminatory?," The World Economy, Wiley Blackwell, vol. 28(1), pages 21-48, January.
    17. Esmedekh Lkhanaajav, 2016. "CoPS-style CGE modelling and analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-264, Victoria University, Centre of Policy Studies/IMPACT Centre.
    18. Wang, Zhi, 1997. "The Impact of China and Taiwan Joining the World Trade Organization on U.S. and World Agricultural Trade: A Computable General Equilibrium Analysis," Technical Bulletins 184382, United States Department of Agriculture, Economic Research Service.
    19. Zhu, Xueqin & van Ierland, Ekko C., 2005. "A model for consumers' preferences for Novel Protein Foods and environmental quality," Economic Modelling, Elsevier, vol. 22(4), pages 720-744, July.
    20. Prema-chandra Athukorala, 2005. "Product Fragmentation and Trade Patterns in East Asia," Asian Economic Papers, MIT Press, vol. 4(3), pages 1-27, Fall.

    More about this item

    Keywords

    FTA; Pacific Basin; political feasibility; CGE model;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:82340. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.