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The Next Chapter of ASEAN Economic Community through Integrating with the existing FTA partners (RCEP), Turkey, and Pakistan

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  • durongkaveroj, wannaphong

Abstract

Economic integration is nowadays likely to be larger in major economies around the world, especially among the ten active countries in the Southeast Asia. The purpose of this study is to investigate the impacts of the possible trade agreement between the ASEAN and its current FTA partners as RCEP, Turkey, and Pakistan through Computable General Equilibrium (CGE) model using Global Trade Analysis Project (GTAP) model. This study reveals that most of the ASEAN member countries is positively affected under various trade bloc on their GDP, export, import, and regional household income. However, there is the difference in the level of gains among all members which leads to an urgent responsibility to create an inclusive growth.

Suggested Citation

  • durongkaveroj, wannaphong, 2015. "The Next Chapter of ASEAN Economic Community through Integrating with the existing FTA partners (RCEP), Turkey, and Pakistan," MPRA Paper 63421, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63421
    as

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    File URL: https://mpra.ub.uni-muenchen.de/63421/1/MPRA_paper_63421.pdf
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    References listed on IDEAS

    as
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    2. Burfisher,Mary E., 2011. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9780521766968, December.
    3. Tomoyoshi Nakajima, 2002. "An Analysis of the Economic Effects of Japan-Korea FTA: Sectoral Aspects," Discussion papers 0202e, ERINA - Economic Research Institute for Northeast Asia.
    4. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    5. Abe, Kazutomo & Wilson, John S., 2008. "Governance, corruption, and trade in the Asia Pacific region," Policy Research Working Paper Series 4731, The World Bank.
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    7. Itakura, Ken, 2014. "Impact of liberalization and improved connectivity and facilitation in ASEAN," Journal of Asian Economics, Elsevier, vol. 35(C), pages 2-11.
    8. Chirathivat, Suthiphand, 2002. "ASEAN-China Free Trade Area: background, implications and future development," Journal of Asian Economics, Elsevier, vol. 13(5), pages 671-686.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    AEC; FTA; RCEP; Trade liberalization; CGE model; GTAP model;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F0 - International Economics - - General
    • F1 - International Economics - - Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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