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Sustainable Grouping of Economies for a Pacific Rim Trading Bloc

Author

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  • Inkyo Cheong

    (Korea Institute for International Economic Policy)

Abstract

This paper is concerned with finding sustainable grouping of economies for an APEC trading bloc Several combinations of economies are considered and effects of economic integration of each grouping are evaluated using a multi-sector, multF region, computational general equilibrium (CGE) model The model predicts that some very substantially large trading bloc would be sustain-able in the Pacific region. For example the imperfectly-competitive model sug-gests that, if a trading bloc in the Pacific rim could be achieved by excluding Canada, Mexico, and Thailand all remaining members would gain and there-fore can be candidates for a Pacific rim trading bloc. The imperfectly-com-petitive model simulates substantially larger welfare gains than does the perfect-ly-competitive model. According to the imperfectly-competitive model, Korea, Taiwan, Singapore and China/Hong Kong would reap very large gains from the trading bloc.

Suggested Citation

  • Inkyo Cheong, 1998. "Sustainable Grouping of Economies for a Pacific Rim Trading Bloc," Korean Economic Review, Korean Economic Association, vol. 14, pages 149-171.
    • Handle: RePEc:kea:keappr:ker-199806-14-1-09
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    More about this item

    Keywords

    Trading Bloc; Asia Pacific Rim; Generdl Equilibrium Modeling; CGE;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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