The Experts below are selected from a list of 11223 Experts worldwide ranked by ideXlab platform
Donghyun Park - One of the best experts on this subject based on the ideXlab platform.
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the prospects of asean korea Free Trade Area akfta a qualitative and quantitative analysis
Asean Economic Bulletin, 2012Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The current global economic crisis has alerted East Asian countries to the risks of excessive dependence on exports to the United States and EU. This shared sense of vulnerability is likely to promote regional economic integration. In particular, intra-regional Trade is now viewed as a new potential engine of growth. The ASEAN-Korea Free Trade Area (AKFTA) is a concrete example of this general trend. This paper qualitatively and quantitatively examines the economic feasibility and desirability of AKFTA — qualitatively using the theory of economic integration and quantitatively by applying a CGE model. Our analysis provides some grounds for optimism about AKFTA’s prospects.
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prospects for asean china Free Trade Area a qualitative and quantitative analysis
China & World Economy, 2009Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN–China Free Trade Area (ACFTA), which is set to come into effect around 2010. ACFTA aims to boost Trade between two economies that are partners as well as competitors: ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether ACFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding ACFTA's prospects as a vehicle for strengthening the economic partnership between ASEAN and China.
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is the asean korea Free Trade Area akfta an optimal Free Trade Area
2008Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper qualitatively and quantitatively examines the economic feasibility of AKFTA: qualitatively using the theory of economic integration, and quantitatively by applying a CGE model. Our two-dimensional analysis provides some, but not overwhelming, support for AKFTA's prospects as an effective means of promoting Trade between ASEAN and the Republic of Korea.
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The Prospects of the ASEAN–China Free Trade Area (ACFTA): A Qualitative Overview
Journal of The Asia Pacific Economy, 2007Co-Authors: Donghyun ParkAbstract:Abstract ASEAN and China are economic partners as well as economic competitors. A widely proposed means of strengthening the economic partnership is to form a Free Trade Area between the two. Our primary objective is to use insights from customs union theory to examine whether an ASEAN–China Free Trade Area (ACTFA) would be potentially beneficial for both sides. Our analysis of relevant static factors such as the level of pre-integration Trade and initial tariff structures provides some grounds for optimism about the ACFTA's prospects. In addition, various dynamic factors and non-economic factors further reinforce such optimism.
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the prospects of the asean china Free Trade Area acfta a qualitative overview
Journal of The Asia Pacific Economy, 2007Co-Authors: Donghyun ParkAbstract:Abstract ASEAN and China are economic partners as well as economic competitors. A widely proposed means of strengthening the economic partnership is to form a Free Trade Area between the two. Our primary objective is to use insights from customs union theory to examine whether an ASEAN–China Free Trade Area (ACTFA) would be potentially beneficial for both sides. Our analysis of relevant static factors such as the level of pre-integration Trade and initial tariff structures provides some grounds for optimism about the ACFTA's prospects. In addition, various dynamic factors and non-economic factors further reinforce such optimism.
Bessma Momani - One of the best experts on this subject based on the ideXlab platform.
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a middle east Free Trade Area economic interdependence and peace considered
The World Economy, 2007Co-Authors: Bessma MomaniAbstract:The Bush administration hopes that through a Middle East Free Trade Area (MEFTA), peace and stability can be achieved through intra-regional economic cooperation. The current impediments to intra-regional economic cooperation, however, will make a MEFTA a hub-and-spoke Trade relationship between the United States and the Middle East. Neoliberal arguments for the interrelation of peace and economic interdependence in the context of the Middle East are then considered.
Gemma Estrada - One of the best experts on this subject based on the ideXlab platform.
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the prospects of asean korea Free Trade Area akfta a qualitative and quantitative analysis
Asean Economic Bulletin, 2012Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The current global economic crisis has alerted East Asian countries to the risks of excessive dependence on exports to the United States and EU. This shared sense of vulnerability is likely to promote regional economic integration. In particular, intra-regional Trade is now viewed as a new potential engine of growth. The ASEAN-Korea Free Trade Area (AKFTA) is a concrete example of this general trend. This paper qualitatively and quantitatively examines the economic feasibility and desirability of AKFTA — qualitatively using the theory of economic integration and quantitatively by applying a CGE model. Our analysis provides some grounds for optimism about AKFTA’s prospects.
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prospects for asean china Free Trade Area a qualitative and quantitative analysis
China & World Economy, 2009Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN–China Free Trade Area (ACFTA), which is set to come into effect around 2010. ACFTA aims to boost Trade between two economies that are partners as well as competitors: ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether ACFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding ACFTA's prospects as a vehicle for strengthening the economic partnership between ASEAN and China.
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is the asean korea Free Trade Area akfta an optimal Free Trade Area
2008Co-Authors: Donghyun Park, Innwon Park, Gemma EstradaAbstract:The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper qualitatively and quantitatively examines the economic feasibility of AKFTA: qualitatively using the theory of economic integration, and quantitatively by applying a CGE model. Our two-dimensional analysis provides some, but not overwhelming, support for AKFTA's prospects as an effective means of promoting Trade between ASEAN and the Republic of Korea.
Nicolas Peridy - One of the best experts on this subject based on the ideXlab platform.
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the greater arab Free Trade Area gafta an estimation of its Trade effects
Journal of Economic Integration, 2008Co-Authors: Javad Abedini, Nicolas PeridyAbstract:In 1997, fourteen Arab countries concluded an agreement, aimed at achieving the Greater Arab Free Trade Area (GAFTA) by 1.1.2007 at the latest. This paper provides a first ex-post appraisal of the GAFTA agreement’s Trade effects. Based on new theoretical developments of the gravity equation, we estimate a panel data model which covers Trade within the GAFTA Area as well as with 35 other reference countries, over the period 1988-2005. Several estimators are presented, especially transformed fixed-effects, Hausman and Taylor as well as a GMM dynamic estimator. As a main finding, the calculation of gross Trade creation shows that regional Trade has increased by 20% since GAFTA has been implemented.
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the greater arab Free Trade Area gafta an estimation of its Trade effects
Post-Print, 2008Co-Authors: Javad Abedini, Nicolas PeridyAbstract:In 1997, fourteen Arab countries concluded an agreement, aimed at achieving the Greater Arab Free Trade Area (GAFTA) by 1.1.2007 at the latest. This paper provides a first ex-post appraisal of the GAFTA agreement’s Trade effects. Based on new theoretical developments of the gravity equation, we estimate a panel data model which covers Trade within the GAFTA Area as well as with 35 other reference countries, over the period 1988-2005. Several estimators are presented, especially transformed fixed-effects, Hausman and Taylor as well as a GMM dynamic estimator. As a main finding, the calculation of gross Trade creation shows that regional Trade has increased by 20% since GAFTA has been implemented. (This abstract was borrowed from another version of this item.)
Zhi Wang - One of the best experts on this subject based on the ideXlab platform.
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wto accession the greater china Free Trade Area and economic integration across the taiwan strait
China Economic Review, 2003Co-Authors: Zhi WangAbstract:Abstract This paper evaluates the impact of China's World Trade Organization (WTO) accession on Trade and economic relation across the Taiwan Strait and its implications for rest of the world by a recursive dynamic computable general equilibrium (CGE) model with import-embodied technology transfer and specification of tariff rate quotas (TRQ) for agricultural products. The simulation results predict that China will likely emerge as one of the world's largest manufacturing centers as it integrates into the world economy. Taiwan will likely become an upstream supplier for China's massive manufacturing production and gain more economically by further integrating its economy with China via a “Greater China” Free-Trade Area (FTA) after its WTO entry. It will further reduce the cost of vertical integration among manufacturing industries across the Taiwan Strait and enable both China and Taiwan to become stronger competitors in the global manufactured goods market.
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Beyond the Uruguay Round: The Implications of an Asian Free Trade Area - Beyond the Uruguay Round: The implications of an Asian Free Trade Area
China Economic Review, 1995Co-Authors: Jeffrey D. Lewis, Sherman Robinson, Zhi WangAbstract:The Pacific Rim members of the Asia Pacific Economic Cooperation (APEC) group have different views about the role each should play in fostering further Trade liberalization. But at the November 1994 APEC meetings in Bogor they committed themselves to forming an APEC Free Trade Area. The authors explore: 1) the impact of such a Free Trade Area on Trade, welfare, and economic structure of the Pacific Rim economies and the European Union; 2) the implications of forming a partial Free Trade Area, excluding such potential partners as China, the Association of Southeast Asian Nations (ASEAN) economies, or the United States; 3) whether an APEC Free Trade Area provides more benefits than full Trade liberalization that includes the European Union. They analyze these issues using a multicountry, computable general equilibrium model to simulate alternative liberalized Trade scenarios. Their findings are as follows. Under the base-case scenario (in which all tariff and most nontariff barriers are removed among the APEC countries, China, Japan, ASEAN, the Asian newly industrializing economies (NIEs), and the United States): all APEC countries gain in GDP and the excluded European Union loses sligthly. Gains are greatest for the poorer countries, for whom Trade externalities are more significant. Trade expands greatly, and although there is some Trade diversion away from the European Union and the rest of the world, that is swamped by the creation of Trade within the Free Trade Area. The U.S.-Japan Trade balance improves only slightly (by $1.4 billion), and the U.S.-China balance are much larger, suggesting that changes in sectoral protection make movements in particular bilateral Trade balances nearly impossible to predict. When one economy is excluded: there are gains from making the Free Trade Area as broad as possible. Omitting any one region (China, the United States, or the ASEAN 4) makes that region significantly worse off and lowers the gains for all other members as well. The Asian NIEs have the most to gain from broad membership. Excluding China reduces Asian NIE gains by about half, and excluding the United States yields even greater declines. Excluding the United States has the worst impact on all other potential members, greater than the effect of omitting China or the ASEAN 4. The European Union is largely unaffected by different versions of the APEC Free Trade Area. Global (versus regional) liberalization: global liberalization that includes the European Union is the best outcome in terms of world GDP and welfare. And all countries gain more from global liberalization than they do from joining an APEC Free Trade Area alone. Forming a regional Free Trade Area may be politically easier than continued global liberalization, but there are economic incentives for all parties to expand on the completed GATT round.
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beyond the uruguay round the implications of an asian Free Trade Area
China Economic Review, 1995Co-Authors: Jeffrey D. Lewis, Sherman Robinson, Zhi WangAbstract:The Pacific Rim members of the Asia Pacific Economic Cooperation (APEC) group have different views about the role each should play in fostering further Trade liberalization. But at the November 1994 APEC meetings in Bogor they committed themselves to forming an APEC Free Trade Area. The authors explore: 1) the impact of such a Free Trade Area on Trade, welfare, and economic structure of the Pacific Rim economies and the European Union; 2) the implications of forming a partial Free Trade Area, excluding such potential partners as China, the Association of Southeast Asian Nations (ASEAN) economies, or the United States; 3) whether an APEC Free Trade Area provides more benefits than full Trade liberalization that includes the European Union. They analyze these issues using a multicountry, computable general equilibrium model to simulate alternative liberalized Trade scenarios. Their findings are as follows. Under the base-case scenario (in which all tariff and most nontariff barriers are removed among the APEC countries, China, Japan, ASEAN, the Asian newly industrializing economies (NIEs), and the United States): all APEC countries gain in GDP and the excluded European Union loses sligthly. Gains are greatest for the poorer countries, for whom Trade externalities are more significant. Trade expands greatly, and although there is some Trade diversion away from the European Union and the rest of the world, that is swamped by the creation of Trade within the Free Trade Area. The U.S.-Japan Trade balance improves only slightly (by $1.4 billion), and the U.S.-China balance are much larger, suggesting that changes in sectoral protection make movements in particular bilateral Trade balances nearly impossible to predict. When one economy is excluded: there are gains from making the Free Trade Area as broad as possible. Omitting any one region (China, the United States, or the ASEAN 4) makes that region significantly worse off and lowers the gains for all other members as well. The Asian NIEs have the most to gain from broad membership. Excluding China reduces Asian NIE gains by about half, and excluding the United States yields even greater declines. Excluding the United States has the worst impact on all other potential members, greater than the effect of omitting China or the ASEAN 4. The European Union is largely unaffected by different versions of the APEC Free Trade Area. Global (versus regional) liberalization: global liberalization that includes the European Union is the best outcome in terms of world GDP and welfare. And all countries gain more from global liberalization than they do from joining an APEC Free Trade Area alone. Forming a regional Free Trade Area may be politically easier than continued global liberalization, but there are economic incentives for all parties to expand on the completed GATT round.
