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General Equilibrium Assessments of Trade Liberalization in APEC Countries
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General Equilibrium Assessments of Trade Liberalization in APEC Countries

Author

Listed:
  • Hiro Lee

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

  • David Roland-Holst

    (Department of Economics, Mills College, USA)

  • Dominique van der Mensbrugghe

    (The World Bank, USA)

Abstract

At the turn of the millenium, most of the APEC countries have embarked upon an ambitious plan for open multilateralism. Using an 18-region, 16-sector dynamic computable general equilibrium (CGE) model of the global economy, we evaluate the effects of APEC trade liberalization on member-country real GDP, sectoral output, exports and imports by the year 2020.

Suggested Citation

  • 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.
    • Handle: RePEc:kob:dpaper:103
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    References listed on IDEAS

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    1. Lewis, Jeffrey D. & Robinson, Sherman & Wang, Zhi, 1995. "Beyond the Uruguay Round: The implications of an Asian free trade area," China Economic Review, Elsevier, vol. 6(1), pages 35-90.
    2. Terrie L. Walmsley, 1999. "Incorporating International Capital Ownership into the GTAP Model: Results for Asia-Pacific Trade Liberalisation," Centre of Policy Studies/IMPACT Centre Working Papers ip-72, Victoria University, Centre of Policy Studies/IMPACT Centre.
    3. Brown, Drusilla K. & Deardorff, Alan V. & Stern, Robert M., 1996. "Computational Analysis of the Economic Effects of an East Asian Preferential Trading Bloc," Journal of the Japanese and International Economies, Elsevier, vol. 10(1), pages 37-70, March.
    4. Ippei YAMAZAWA, 1996. "APEC's NEW DEVELOPMENT AND ITS IMPLICATIONS FOR NONMEMBER DEVELOPING COUNTRIES," The Developing Economies, Institute of Developing Economies, vol. 34(2), pages 134-137, June.
    5. Walmsley, Terrie Louise, 1999. "Incorporating International Capital Ownership into the GTAP Model: Results for Asia-Pacific Trade Liberalisation," Conference papers 330886, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. 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.
    7. Martin,Will & Winters,L. Alan (ed.), 1996. "The Uruguay Round and the Developing Countries," Cambridge Books, Cambridge University Press, number 9780521586016, October.
    8. Lee, Hiro & Woodall, Brian, 1998. "Political feasibility and empirical assessments of a Pacific free trade area," MPRA Paper 82340, University Library of Munich, Germany.
    9. Lee,Hiro & Roland-Holst,David W. (ed.), 1998. "Economic Development and Cooperation in the Pacific Basin," Cambridge Books, Cambridge University Press, number 9780521583664, October.
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    Cited by:

    1. Chae‐Deug Yi, 2023. "The economic and trade effects of the UK–Korea free trade agreement on the United Kingdom, Korea, Japan, China, and the European Union," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 227-253, April.
    2. Chae‐Deug Yi, 2022. "Economic impacts of UK's free trade agreements with Korea, Japan, and EU as a breakthrough of Brexit," Manchester School, University of Manchester, vol. 90(5), pages 541-564, September.
    3. Haider A. Khan, 2007. "Trade Liberalization and Poverty Reduction in General Equilibrium: The Role of Labor Market Structure," CIRJE F-Series CIRJE-F-462, CIRJE, Faculty of Economics, University of Tokyo.
    4. Lee, Hiro & Roland-Holst, David & van der Mensbrugghe, Dominique, 2002. "Emergent Trilateralism in the Pacific Basin: How Should China, Japan, and the United States Respond to Regional Trade Initiatives?," Conference papers 331060, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Lee, Hiro, 2001. "General equilibrium evaluation of Japan-Singapore free trade agreement," MPRA Paper 82605, University Library of Munich, Germany.

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    More about this item

    Keywords

    International trade; Economic policy; General equilibrium;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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