Economic impact of a potential free trade agreement (FTA) between the European Union and South Korea
Economic impact of a potential free trade agreement (FTA) between the European Union and South Korea
复制标题
欧盟与韩国之间潜在的自由贸易协定 (FTA) 的经济影响
DOI:
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发表时间:
2007
期刊:
影响因子:
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通讯作者:
Martin H. Thelle
中科院分区:
文献类型:
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作者:
J. François;Hanna C. Norberg;Martin H. Thelle
We analyze the effects of potential measures to liberalize trade between the European Union (EU25) and South Korea. Using a computable general equilibrium (CGE) model of world trade that incorporates the GTAP database, we evaluate two scenarios for an EU-Korea free trade agreement (FTA) and compare it to the maximum potential given by a full free trade agreement. We show that a realistic FTA scenario (called OPartial 1O) yields a total gain for the two economies of 26 percent of the potential in a full FTA. If liberalization of trade in services is taken a step further, as in our more ambitious scenario (called OPartial 2O), total gains increase to 46 percent of the total potential from a full FTA between EU and Korea. Our results show that both economies stand to gain economically from all analyzed levels of trade liberalization, but the gains are unevenly distributed. Korea will obtain two-thirds of the total gains from an EU-Korea FTA in all scenarios, basically because the Korean economy initially is more protected from international competition than the EU economy, and therefore will benefit more from increased competition.