IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/331026.html
   My bibliography  Save this paper

Options and Implications of Free Trade Arrangements in East Asia

Author

Listed:
  • Ma, Jun
  • Wang, Zhi

Abstract

This paper evaluates the impact of alternative free trade area proposals in Asia after China enters the WTO by means of a recursive dynamic, 18-region, 26-sector computable general equilibrium (CGE) model simulated from 1997 to 2015, based on version 5 GTAP data. With China and Taiwan’s WTO accession set as the baseline scenario, we simulated the economic implications of four different FTA proposals: (1) ASEAN plus China/Hong Kong, (2) ASEAN plus Japan, (3) ASEAN plus China/Hong Kong, Japan, and Korea, and (4) ASEAN plus China/Hong Kong, Japan, Korea, and USA. We found that under the ASEAN plus China version, the most significant winner is Singapore, whose GDP growth will be enhanced by 3.9 percentage points over the ten year period (cumulatively) from 2003-2012, followed by Thailand, Indonesia, and China. The ASEAN plus Japan (without China), as expected, benefits Japan at the expense of China. Under the version of ASEAN plus Three (China/Hong Kong, Japan, and Korea), all countries will gain more than in the FTA proposals with limited memberships. This can be explained by the fact that the inclusion of all three North Asian Countries (China/Hong Kong, Japan and Korea) in the FTA offers a substantially larger market for its members, compared with those of ASEAN countries.

Suggested Citation

  • Ma, Jun & Wang, Zhi, 2002. "Options and Implications of Free Trade Arrangements in East Asia," Conference papers 331026, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331026
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/331026/files/1229.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jian-Ming Zhou, 2001. "Sustainable Development in Asia, America and Europe with Global Applications," Books, Edward Elgar Publishing, number 1637.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jian-Ming Zhou, 2003. "How to Achieve Efficient Land Use under Private Land Ownership - Overcoming a Global Obstacle Overlooked by Theodore W. Schultz and Albert O. Hirschman (?)," ERSA conference papers ersa03p134, European Regional Science Association.
    2. Ravallion, Martin & van de Walle, Dominique, 2008. "Does rising landlessness signal success or failure for Vietnam's agrarian transition?," Journal of Development Economics, Elsevier, vol. 87(2), pages 191-209, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:331026. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.