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The economic impacts of the China-Australia Free Trade Agreement - A general equilibrium analysis

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  • Qi, Chaoying
  • Zhang, James Xiaohe

Abstract

After 21 rounds of intense negotiations over nearly a decade, the deal of China-Australia Free Trade Agreement was finally completed in late November 2014. This paper attempts to examine both the causes and consequences of this delayed conclusion by running simulation experiments on a computable general equilibrium model, to see how the free trade agreement affects the world economy not only on the two countries involved, but also on the rest of the world with a particular reference to New Zealand. Based on the simulation results, policy implications are generated.

Suggested Citation

  • Qi, Chaoying & Zhang, James Xiaohe, 2018. "The economic impacts of the China-Australia Free Trade Agreement - A general equilibrium analysis," China Economic Review, Elsevier, vol. 47(C), pages 1-11.
    • Handle: RePEc:eee:chieco:v:47:y:2018:i:c:p:1-11
    DOI: 10.1016/j.chieco.2017.11.002
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    References listed on IDEAS

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    5. Timsina, Krishna P. & Culas, Richard J., 2020. "Impacts of Australia’s free trade agreements on trade in agricultural products: an aggregative and disaggregative analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    6. Ostashko T., Olefir V., 2019. "Prospects of free trade with China: development of domestic export and risks of import dependence," Economy and Forecasting, Valeriy Heyets, issue 1, pages 128-155.
    7. Mohammad Monirul Islam & Farha Fatema & Asmina Akter, 2024. "China’s Duty-Free Trade Policy to Bangladeshi Products: A Potential Trade and Economic Effects Analysis Using Partial and Computable General Equilibrium Model," SAGE Open, , vol. 14(2), pages 21582440241, May.
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    9. Wu, Qunli & Ma, Zhe & Meng, Fanxing, 2022. "Long-term impacts of carbon allowance allocation in China: An IC-DCGE model optimized by the hypothesis of imperfectly competitive market," Energy, Elsevier, vol. 241(C).
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    Keywords

    ChAFTA; FTA; Bilateral trade; GTAP;
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