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Assessing the Economic Impacts of Free Trade Agreements: A Computable Equilibrium Model Approach

  • ABE Kazutomo
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    This paper presents assessments of the economic impacts of free trade agreements (FTAs) relating to Japan. The analysis relies on a simulation with a computable equilibrium model. The impacts of various combinations of FTAs are assessed to draw policy implications. This paper first reviews the theoretical framework, together with the specifications of the simulation model. Then, simulations in the various cases cover both Japan's bilateral FTAs and regional FTAs including Japan. The final section is a short summary of implications from the simulation work.

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    File URL: http://www.rieti.go.jp/jp/publications/dp/07e053.pdf
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    Paper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 07053.

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    Length: 27 pages
    Date of creation: Aug 2007
    Date of revision:
    Handle: RePEc:eti:dpaper:07053
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    1. Baldwin, Richard E. & Venables, Anthony J., 1995. "Regional economic integration," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 31, pages 1597-1644 Elsevier.
    2. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    3. Richard Baldwin, 1989. "Measureable Dynamic Gains from Trade," NBER Working Papers 3147, National Bureau of Economic Research, Inc.
    4. Carsten Kowalczyk, 1992. "Paradoxes in integration theory," Open Economies Review, Springer, vol. 3(1), pages 51-59, February.
    5. Francois, Joseph & Bradley McDonald, 1996. "Liberalization and Capital Accumulation in the GTAP Model," GTAP Technical Papers 310, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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