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Colombia and East Asia Trade Relations and Future Prospects: An Analysis Using a CGE Model

Author

Listed:
  • María del Pilar Esguerra

  • Ana María Iregui

  • María Teresa Ramírez

Abstract

This paper provides an empirical analysis of Colombian integration with East Asia using a Computable General Equilibrium (CGE) model, in which we assess the effects of several trade liberalization scenarios on trade flows and welfare. The results show that there is an important potential for the development of Colombian exports of other crops, chemical products, apparel and textiles to East Asian nations. This result is not derived from subcribing a Free Trade Agreemente, but from unilaterally liberalizing tariffs in both regions.

Suggested Citation

  • María del Pilar Esguerra & Ana María Iregui & María Teresa Ramírez, 2003. "Colombia and East Asia Trade Relations and Future Prospects: An Analysis Using a CGE Model," Borradores de Economia 238, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:238
    DOI: 10.32468/be.238
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    References listed on IDEAS

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    1. Dawkins, Christina & Srinivasan, T.N. & Whalley, John, 2001. "Calibration," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 58, pages 3653-3703, Elsevier.
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    Keywords

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    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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