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CGE analysis of trade liberalization in Thailand

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  • durongkaveroj, wannaphong

Abstract

As the world becomes interdependent in economic dimension, external sector today is widely accepted as a national economic motivator. Trade polices yield the various effects on economy. The purpose of this paper is to estimate the effects of free trade policy in Thailand to its top 5 trading partners on economic performance and the level of household income through CGE model using GTAP. The study reveals that the most worthy trading policy for Thailand, aimed at raising its national prosperity, is to remove tariff to trading partners, primarily with the E.U., followed by China and the U.S.

Suggested Citation

  • durongkaveroj, wannaphong, 2014. "CGE analysis of trade liberalization in Thailand," MPRA Paper 55191, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55191
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    References listed on IDEAS

    as
    1. Inkyo Cheong, 2013. "Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism," Governance Working Papers 23508, East Asian Bureau of Economic Research.
    2. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521766968, December.
    3. Kitwiwattanachai, Anyarath & Nelson, Doug & Reed, Geoffrey, 2010. "Quantitative impacts of alternative East Asia Free Trade Areas: A Computable General Equilibrium (CGE) assessment," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 286-301, March.
    4. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521139779, December.
    5. Cheong, Inkyo, 2013. "Negotiations for the Trans-Pacific Partnership Agreement: Evaluation and Implications for East Asian Regionalism," ADBI Working Papers 428, Asian Development Bank Institute.
    6. Kuo‐I CHANG & Kazunobu HAYAKAWA, 2010. "Border Barriers In Agricultural Trade And The Impact Of Their Elimination: Evidence From East Asia," The Developing Economies, Institute of Developing Economies, vol. 48(2), pages 232-246, June.
    7. Kozo Kiyota & Robert M. Stern, 2007. "Economic Effects of a Korea-U.S. Free Trade Agreement," Working Papers 557, Research Seminar in International Economics, University of Michigan.
    8. Inkyo Cheong, 2013. "Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism," Trade Working Papers 23508, East Asian Bureau of Economic Research.
    9. Fugazza, Marco & Maur, Jean-Christophe, 2008. "Non-tariff barriers in CGE models: How useful for policy?," Journal of Policy Modeling, Elsevier, vol. 30(3), pages 475-490.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    computable general equilibrium; trade liberalization; tariff;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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