Assessing The Economic Impacts Of Free Trade Agreements: A Computable Equilibrium Model Approach

The following sections are included:The Theoretical Framework and the Simulation Model AdoptedSurveys on the impacts of an FTAWelfare decomposition of efficiency improvementLocation effects and regional disparityOther dynamic effects of an FTA on economic growth and welfareFramework of the adopted simulation modelComputable equilibrium models and their advantageAccumulation effect measured by a CGE modelThe global trade analysis project modelThe plan for simulations in this paperThe Simulations of Japan's Existing and Future Bilateral FTAsTrade and tariff structures of the three countries of Japan's existing FTAsDetails of simulations and technical assumptionsMacroeconomic impactsImpacts on sectorsSimulations of the Future Scenarios of Japan's FTAsStatic simulationResults of static simulationDynamic simulations: Model structures and assumptionsResults of dynamic simulation: Baseline scenarioAlternative scenarios: Expediting formation of Japan's FTAsAlternative scenarios: An FTA with the United States and liberalising agricultureImplications of the Study and Remaining Research IssuesImplications of the studyRemaining research issuesAppendix 1: Simplified Framework for Welfare AnalysisAppendix 2: Baldwin Dynamic SpecificationAppendix 3: Sector and Region AggregationReferences