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CGE analysis of trade liberalization in Thailand

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  • durongkaveroj, wannaphong

Abstract

As the world becomes interdependent in economic dimension, external sector today is widely accepted as a national economic motivator. Trade polices yield the various effects on economy. The purpose of this paper is to estimate the effects of free trade policy in Thailand to its top 5 trading partners on economic performance and the level of household income through CGE model using GTAP. The study reveals that the most worthy trading policy for Thailand, aimed at raising its national prosperity, is to remove tariff to trading partners, primarily with the E.U., followed by China and the U.S.

Suggested Citation

  • durongkaveroj, wannaphong, 2014. "CGE analysis of trade liberalization in Thailand," MPRA Paper 55191, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55191
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    File URL: https://mpra.ub.uni-muenchen.de/55191/1/MPRA_paper_55191.pdf
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    References listed on IDEAS

    as
    1. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521766968, December.
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    5. Inkyo Cheong, 2013. "Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism," Governance Working Papers 23508, East Asian Bureau of Economic Research.
    6. 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.
    7. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521139779, December.
    8. Kozo Kiyota & Robert M. Stern, 2007. "Economic Effects of a Korea-U.S. Free Trade Agreement," Working Papers 557, Research Seminar in International Economics, University of Michigan.
    9. Inkyo Cheong, 2013. "Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism," Trade Working Papers 23508, East Asian Bureau of Economic Research.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    computable general equilibrium; trade liberalization; tariff;
    All these keywords.

    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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