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Trade and investment in Latin America and Asia: Perspectives from further integration

  • Bouët, Antoine
  • Berisha-Krasniqi, Valdete
  • Estrades, Carmen
  • Laborde, David

Recently, Asian and Latin American countries have engaged in a series of negotiations to liberalize trade and investment flows. This paper analyzes the potential impact of a free trade agreement (FTA) between countries of both regions, applying a world dynamic general equilibrium model (MIRAGE). An important feature of the model is that it includes a new way of modeling bilateral investment flows and bilateral investment agreements. This is especially important given that investment plays a major role in the economic relations of the two regions. Our results show that most countries will benefit from the agreement; nevertheless, the gains of Latin American countries will be higher, especially when all Asian countries participate. In addition, Latin America benefits from increased FDI inflows, mainly from developed Asian countries.

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Article provided by Elsevier in its journal Journal of Policy Modeling.

Volume (Year): 34 (2012)
Issue (Month): 2 ()
Pages: 193-210

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Handle: RePEc:eee:jpolmo:v:34:y:2012:i:2:p:193-210
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  1. James Anderson & J. Peter Neary, 1998. "The mercantilist index of trade policy," LSE Research Online Documents on Economics 20242, London School of Economics and Political Science, LSE Library.
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  9. James E. Anderson, 2008. "Consistent Trade Policy Aggregation," NBER Working Papers 14046, National Bureau of Economic Research, Inc.
  10. Antoine Bouet & Yvan Decreux & Lionel Fontagné & Sébastien Jean & David Laborde, 2008. "Assessing Applied Protection across the World," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00307910, HAL.
  11. Berisha-Krasniqi, Valdete & Bouet, Antoine & Estrades, Carmen & Laborde, David, 2011. "Trade and investment in Latin America and Asia: Lessons from the past and potential perspectives from further integration," IFPRI discussion papers 1060, International Food Policy Research Institute (IFPRI).
  12. Kim, Young-Han, 2007. "Impacts of regional economic integration on industrial relocation through FDI in East Asia," Journal of Policy Modeling, Elsevier, vol. 29(1), pages 165-180.
  13. Antoine Bouet & Valdete Berisha-Krasniqui & Carmen Estrades & David Laborde, 2011. "Trade and investment in Latin America and Asia : Potential perspectives from further integration," Working Papers hal-00637597, HAL.
  14. Kitwiwattanachai, Anyarath & Nelson, Doug & Reed, Geoffrey, 2010. "Quantitative impacts of alternative East Asia Free Trade Areas: A Computable General Equilibrium (CGE) assessment," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 286-301, March.
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