ASEAN Economic Community: A General Equilibrium Analysis*: THE ASEAN ECONOMIC COMMUNITY
ASEAN Economic Community: A General Equilibrium Analysis*: THE ASEAN ECONOMIC COMMUNITY
复制标题
东盟经济共同体:一般均衡分析*:东盟经济共同体
DOI:
10.1111/j.1467-8381.2012.02079.x
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发表时间:
2012
影响因子:
1.3
通讯作者:
F. Zhai
中科院分区:
文献类型:
--
作者:
P. Petri;M. Plummer;F. Zhai
The ASEAN Economic Community (AEC) is the largest integration effort attempted in the developing world; if realized, it will create a single market with the free movement of goods, services, foreign direct investment and skilled labor, and freer movement of capital encompassing nearly 600 million people. This study, a first attempt to evaluate the full benefits of the AEC, finds that the project could produce gains similar to those resulting from the European Single Market, amounting to 5.3 percent of the region's income. The benefits could be doubled if, as expected, regional integration also leads to new free trade agreements with key external partners. The whole region will share in these gains. There will be mild trade and investment diversion effects for some other countries, but the world will benefit too. Nevertheless, the AEC poses political challenges: the present study finds that the project will imply significant structural adjustments in several ASEAN economies.