Economic Integration in the Asia-Pacific Region : Sequencing , Welfare Impact , and Industrial Adjustments
Economic Integration in the Asia-Pacific Region : Sequencing , Welfare Impact , and Industrial Adjustments
复制标题
亚太地区经济一体化:排序、福利影响和产业调整
DOI:
--
复制
发表时间:
2012
期刊:
影响因子:
--
通讯作者:
K. Itakura
中科院分区:
文献类型:
--
作者:
K. Itakura
In recent years, a growing number of bilateral and plurilateral free-trade agreements (FTAs) involving Asia-Pacific countries have been signed, ratified, or under negotiations. Although there have been studies on sequencing of real and monetary integration, studies on optimal sequencing of FTAs are extremely scarce. However, the magnitudes of sectoral output and employment adjustments resulting from trade accords are great concern to policy makers. Using a dynamic computable general equilibrium (CGE) model, the relationship between sequencing of FTAs in the Asia-Pacific region and the magnitudes of welfare effects and industrial adjustments of the member countries is examined. A different sequencing of FTAs is considered in each policy scenario. If a particular sequencing of FTAs would change the industrial structure within each country closer to that which would prevail under free trade, while increasing economic welfare of the member countries, then it may be considered as a beneficial intermediate step towards global trade liberalization. The preliminary results suggest that the extent of sectoral adjustments differs greatly among alternative FTA sequencings. JEL classification: F15, F17
DOI:
--
发表时间:
2012
期刊:
影响因子:
--
作者:
Foreign Trade University (ed.); P. Riethmuller;Hitoshi Hirakawa;Le dang Doanh et al.
通讯作者:
Le dang Doanh et al.