A Free Trade Area of Asia Pacific (FTAAP): Is It Desirable?
| Autor: | Soonchan Park, Innwon Park, Sangkyom Kim |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2013 |
| Předmět: |
Computable general equilibrium
Trade facilitation Liberalization business.industry lcsh:HB71-74 APEC Regional Trade Agreement (RTA) APEC FTAAP Computable General Equilibrium (CGE) Trade in Services Trade Facilitation Trade creation Trade in services lcsh:Economics as a science International trade International economics jel:F13 Computable General jel:F15 World economy Capital accumulation Trade in Services International free trade agreement Equilibrium (CGE) FTAAP Economics Regional Trade Agreement (RTA) business Trade Facilitation |
| Zdroj: | East Asian Economic Review, Vol 17, Iss 1, Pp 3-25 (2013) |
| ISSN: | 2508-1667 2508-1640 |
| Popis: | This paper evaluates whether the proposed FTAAP is a desirable policy option for APEC member economies and the world economy. More specifically, this paper qualitatively investigates whether the FTAAP satisfies conditions for a trade bloc to generate positive and sufficient net trade creation effect. In addition, this paper estimates the likely impact of the FTAAP by using a CGE model analysis. From the qualitative analysis based on statistical data, this paper strongly argues that the FTAAP can be a desirable regional trade bloc able to generate positive gains from freer trade. From the ex-ante scenario analysis using both static and capital accumulation CGE Models, this paper concludes that the FTAAP has great potential for improving welfare of participating APEC economies and will boost economic growth in the region. In particular, the FTAAP would be even better if it can be linked with liberalization of trade in services and enhanced trade facilitation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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