CGE analysis of trade liberalization in Thailand
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.
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- Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521766968, December.
- Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521139779, December.
- 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.
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