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Political feasibility and empirical assessments of a Pacific free trade area

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  • Lee, Hiro
  • Woodall, Brian

Abstract

While much has been written about the significance of expanded intraregional trade flows in East Asia and the Pacific Basin, considerably less attention has been paid to the political feasibility and the economic benefits and costs of such. Is an East Asian free trade area (EAFTA) agreement politically feasible? What about a Pacific free trade area (PAFTA)? How likely is it that the governments of the various countries of the region can successfully negotiate an agreement establishing a free trade area? Which countries would stand to benefit economically and which will lose in the event that trade barriers are removed in conjunction with the creation of one or the other of the proposed free trade agreements? What about the effects of possible retaliation by the United States against EAFTA member countries? In this paper, we seek to provide answers to these and other related questions.

Suggested Citation

  • Lee, Hiro & Woodall, Brian, 1998. "Political feasibility and empirical assessments of a Pacific free trade area," MPRA Paper 82340, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82340
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    File URL: https://mpra.ub.uni-muenchen.de/82340/1/MPRA_paper_82340.pdf
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    References listed on IDEAS

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    Cited by:

    1. Roland-Holst, David & Tarp, Finn & Huong, Pham Lan & Thanh, Vo Tri, 2003. "Dragon by the Tail, Dragon by the Head, Bilateralism and Globalism in East Asia," MPRA Paper 29423, University Library of Munich, Germany.
    2. Hiro Lee & David Roland-Holst & Dominique van der Mensbrugghe, 1999. "General Equilibrium Assessments of Trade Liberalization in APEC Countries," Discussion Paper Series 103, Research Institute for Economics & Business Administration, Kobe University.
    3. Lee, Hiro & Roland-Holst, David, 1999. "Cooperation or Confrontation in U.S.-Japan Trade? Some General Equilibrium Estimates," Journal of the Japanese and International Economies, Elsevier, vol. 13(2), pages 119-139, June.

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    More about this item

    Keywords

    FTA; Pacific Basin; political feasibility; CGE model;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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