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A Cge Analysis Of The Asean+3 Free Trade Agreement Under Different Market Structures

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  • LEE, SANG-HO
  • KIM, CHUNG-SIL

Abstract

In this paper, we investigate the economic effects of possible free trade agreements among ASEAN+3 countries, and then compare the economic results of those FTAs. Our main findings are as follows. First, the trilateral FTA among Korea, China, and ASEAN (FTA_KCA) under the imperfectly competitive model, which would bring about a 1.02% increase in GDP for Korea, is the second-best choice for Korea. Second, according to the sectoral effects, we determined that the output of agricultural products would decrease when China joins the FTA. This is because China has a comparative advantage in the production and export of agricultural products.

Suggested Citation

  • Lee, Sang-Ho & Kim, Chung-Sil, 2012. "A Cge Analysis Of The Asean+3 Free Trade Agreement Under Different Market Structures," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 53(2), pages 201-215, December.
    • Handle: RePEc:hit:hitjec:v:53:y:2012:i:2:p:201-215
    DOI: 10.15057/25386
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Free Trade Agreement; Imperfectly competitive model; Computable general equilibrium analysis;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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