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OSIPP Discussion Paper. 2012, DP-2012-E-005

Welfare Changes and Sectoral Adjustments of Asia-Pacific Countries under Alternative Sequencings of Free Trade Agreements

Osaka School of International Public Policy, Osaka University

英語

text

2012-03

http://www.osipp.osaka-u.ac.jp/archives/DP/2012/DP2012E005.pdf

In this paper we compare welfare effects and the extent of sectoral adjustments of the member countries under alternative free trade agreement (FTA) sequencings in the Asia-Pacific region using a dynamic computable general equilibrium (CGE) model. If a Trans-Pacific Partnership (TPP) agreement under one sequencing and an East Asian FTA (EAFTA) under another sequencing will enter into force at the same time, followed by more enlarged FTAs, then a larger number of countries are expected to realize greater welfare gains under the Asia-track sequencing. However, given the uncertainty about the establishment of an Asia-wide FTA in the near future, the TPP-track sequencing appears to be an attractive option for most countries in the Asia-Pacific region. With respect to sectoral adjustments, there seem to be no significant differences among the alternative sequencings considered in this study.

23386

Welfare Changes and Sectoral Adjustments of Asia-Pacific Countries under Alternative Sequencings of Free Trade Agreements

Osaka School of International Public Policy, Osaka University

英語

2012-03

OSIPP Discussion Paper

DP-2012-E-005

https://hdl.handle.net/11094/23386

http://www.osipp.osaka-u.ac.jp/archives/DP/2012/DP2012E005.pdf