A Free Trade Area of the Asia Pacific FTAAP: Is It Desirable Reportar como inadecuado




A Free Trade Area of the Asia Pacific FTAAP: Is It Desirable - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

This paper evaluates whether the proposed FTAAP is a desirable policy option for APEC member economies and the world economy. More specifically, this paper quantitatively 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. Based on statistical data analysis, 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.



Item Type: MPRA Paper -

Original Title: A Free Trade Area of the Asia Pacific FTAAP: Is It Desirable?-

English Title: A Free Trade Area of the Asia Pacific FTAAP: Is It Desirable?-

Language: English-

Keywords: Regional Trade Agreement RTA, APEC, FTAAP, Computable General Equilibrium CGE, Trade in Services, Trade Facilitation-

Subjects: F - International Economics > F1 - Trade > F15 - Economic IntegrationF - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations-





Autor: Park, Innwon

Fuente: https://mpra.ub.uni-muenchen.de/26680/







Documentos relacionados