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Assessing Regional Trading Arrangements in the Asia-Pacific

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Abstract

Using both a gravity model to consider the natural trading bloc hypothesis, and simulation using a CGE model to make welfare estimates, we examine the potential effect of a subset of the new RTA proposal in the APEC region. In broad terms the two approaches appear consistent in their ability to identify RTAs that are beneficial in terms of the welfare of the proposed members. However, comparison of the two alternative approaches does not lead to support for the hypothesis that natural blocs are less likely to be damaging to those economies that remain on the outside of the new proposals.

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File URL: ftp://repec.bus.usu.edu/RePEc/uth/wpaper/DEFWP2001-01.pdf
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Bibliographic Info

Paper provided by Utah State University, Department of Economics and Finance in its series Working Papers with number 200101.

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Length: 35 pages
Date of creation: 20 Jan 2011
Date of revision:
Handle: RePEc:uth:wpaper:200101

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Keywords: Trade policy; Asia; CGE;

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Cited by:
  1. Allan N. Rae, 2007. "Regional agricultural trade liberalization - Priorities for policy makers and future research needs," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 295-309 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  2. Dayaratna, Banda O.G. & Whalley, John, 2005. "Beyond Goods and Services: Competition Policy, Investment, Mutual Recognition, Movement of Persons, and Broader Cooperation Provisions of Recent FTAs Involving ASEAN Countries," Working Papers, Canadian Agricultural Trade Policy Research Network 24153, Canadian Agricultural Trade Policy Research Network.
  3. Gloria O. Pasadilla, 2007. "Preferential trading agreements and agricultural liberalization in East and South-East Asia," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 75-130 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  4. Jose Daniel Rodríguez-Delgado, 2007. "Safta," IMF Working Papers, International Monetary Fund 07/23, International Monetary Fund.
  5. Tubagus Feridhanusetyawan, 2005. "Preferential Trade Agreements in the Asia-Pacific Region," IMF Working Papers, International Monetary Fund 05/149, International Monetary Fund.
  6. Jérôme TROTIGNON, 2009. "Les Effets Des Nouveaux Accords De Libre-Commerce En Amérique Latine," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 29, pages 31-48.
  7. Philippa Dee, 2005. "The Australia-US Free Trade Agreement: An Assessment," Asia Pacific Economic Papers, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University 345, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
  8. Philippa Dee, 2005. "The Australia–US Free Trade Agreement - An Assessment," Trade Working Papers 22309, East Asian Bureau of Economic Research.
  9. Hefeker, Carsten & Nabor, Andreas, 2002. "Yen or Yuan? China's role in the future of Asian monetary integration," HWWA Discussion Papers, Hamburg Institute of International Economics (HWWA) 206, Hamburg Institute of International Economics (HWWA).
  10. Luis Abugattas Majluf, 2004. "Swimming In The Spaghetti Bowl: Challenges For Developing Countries Under The "New Regionalism"," UNCTAD Blue Series Papers, United Nations Conference on Trade and Development 27, United Nations Conference on Trade and Development.
  11. Carsten Hefeker & Andreas Nabor, 2005. "China's role in East-Asian monetary integration," International Journal of Finance & Economics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 10(2), pages 157-166.
  12. Tingsong Jiang & Warwick McKibbin, 2008. "What Does A Free Trade Area Of The Asia-Pacific Mean To China," CAMA Working Papers 2008-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  13. Jérôme Trotignon, 2009. "L'intégration régionale favorise-t-elle la multilatéralisation des échanges ?," Post-Print, HAL halshs-00335633, HAL.
  14. Malhotra, Nisha & Stoyanov, Andrey, 2008. "Analyzing the Agricultural Trade Impacts of the Canada-Chile Free Trade Agreement," Working Papers, Canadian Agricultural Trade Policy Research Network 46628, Canadian Agricultural Trade Policy Research Network.
  15. Trotignon, Jérôme, 2010. "Does Regional Integration Promote the Multilateralization of Trade Flows?: a Gravity Model Using Panel Data," Journal of Economic Integration, Center for Economic Integration, Sejong University, Center for Economic Integration, Sejong University, vol. 25, pages 223-251.
  16. Jane Korinek & Mark Melatos, 2009. "Trade Impacts of Selected Regional Trade Agreements in Agriculture," OECD Trade Policy Papers 87, OECD Publishing.

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