Regional trade agreements in East Asia: Will they be sustainable?

Asian Economic Journal

Volumn 23, Issue 2, 2009, Pages 169-194

  Park, Innwon ^a  

^a Korea University   (South Korea)

Author keywords

ASEAN+3; Computable general equilibrium model; East Asia; Regional trade agreements; Sustainability

Indexed keywords

ASEAN; COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS; FREE TRADE AREA; QUANTITATIVE ANALYSIS; REGIONAL TRADE; SUSTAINABILITY; TERMS OF TRADE; TRADE AGREEMENT; TRADE FLOW;

ASIA; EURASIA; FAR EAST;

EID: 67049165122     PISSN: 13513958     EISSN: 14678381     Source Type: Journal    
DOI: 10.1111/j.1467-8381.2009.02008.x     Document Type: Article

References (34)

1. ADB (Asian Development Bank), 2008, Emerging Asian regionalism: A partnership for shared prosperity. Asian Development Bank, Manila, the Philippines.
2. Baldwin, R., 1993, A domino theory of regionalism. National Bureau of Economic Research Working Paper Series 4465. National Bureau of Economic Research, Cambridge, MA.
3. Baldwin, R., 2004, The spoke trap: Hub and spoke bilateralism in East Asia. Korea Institute for International Economic Policy Center for Northeast Asian Economic Cooperation. CNAEC Research Series 04-02. Korea Institute for International Economic Policy.
4. Bhagwati, J., 1993, Regionalism and multilateralism: An overview. In: New Dimensions in Regional Integration (eds De Melo J. and Arvind P.), pp. 22-51. Centre for Economic Policy Research, Cambridge University Press, New York.
5. Bhagwati, J., D. Greenaway and A. Panagariya, 1998, Trading preferentially: Theory and policy. The Economic Journal, 108, pp. 1128-48.
6. Chacholiades, M., 1990, International Economics. McGraw-Hill Publishing Company, New York.
7. Dimaranan, B. V., ed., 2006, Global trade, assistance, and production: The GTAP 6 Data Base. Center for Global Trade Analysis. Purdue University, West Lafayette.
8. Feridhanusetyawan, T., 2005, Preferential trade agreements in the Asia-Pacific Region. International Monetary Fund Working Paper WP/05/ 149. International Monetary Fund, Washington, DC.
9. Freund, C., 2000, Different paths to free trade: The gains from regionalism. Quarterly Journal of Economics, 115, pp. 1317-41.
10. Harrison, G. W., T. F. Rutherford and D. G. Tarr, 2003, Rules of thumb for evaluating preferential trading arrangements: Evidence from computable general equilibrium assessments. Cuadernos de Economia, 40, 460-68.
11. JETRO, 2003, Prospects for free trade agreements in East Asia. Overseas Research Department, Japan External Trade Organization, Tokyo, Japan.
12. Kawai, M., 2004, Regional economic integration and cooperation in East Asia. Paper prepared for the Experts' Seminar on the Impact and Coherence of OECD Country Policies on Asian Developing Economies; 10-11 June, Paris, France.
13. Kawai, M., 2007, Evolving economic architecture in East Asia. Asian Development Bank Institute Discussion Paper No. 84. Asian Development Bank Institute, Manila, the Philippines.
14. Kawai, M. and G. Wignaraja, 2007, ASEAN+3 or ASEAN+6: Which way forward? ADB Institute Discussion Paper No. 77. Asian Development Bank Institute, Manila, the Philippines.
15. Kawai, M. and G. Wignaraja, 2008, Regionalism as an engine of multilateralism: A case for a single East Asian FTA. Working Paper Series on Regional Economic Integration No. 14. Asian Development Bank, Manila, the Philippines.
16. Kemp, M. C. and H. Y. Wan, Jr., 1976, An elementary proposition concerning the formation of customs unions. Journal of International Economics, 6, 95-97.
17. Lee, J-W. and I. Park, 2005, Free trade areas in East Asia: Discriminatory or nondiscriminatory? The World Economy, 28, pp. 21-48.
18. Lee, J-W., I. Park and K. Shin, 2008, Proliferating regional trade arrangements: Why and Whither? The World Economy, 31, pp. 1525-57.
19. Lee, J-W. and K. Shin, 2006, Does regionalism lead to more global trade integration in East Asia? The North American Journal of Economics and Finance, 17, pp. 283-301.
20. Lee, H. and D. van der Mensbrugghe, 2007, Regional integration, sectoral adjustments and natural groupings in East Asia. Osaka School of International Public Policy Discussion Paper DP-2007-E-008. Osaka School of International Public Policy, Osaka, Japan.
21. Lloyd, P., 2002, New bilateralism in the Asia-Pacific, The World Economy, 25, pp. 1279-96.
22. Lu, F., 2003, Free trade area: Awakening regionalism in East Asia. Working Paper Series E2003010. China Center for Economic Research, Peking, China.
23. McKibbin, W. J., 1998, Regional and multilateral trade liberalization: The effects on trade, investment and welfare. In: Europe, East Asia and APEC: A shared global agenda? (eds Drysdale P. and Vines D), pp. 195-220. Cambridge University Press, New York.
24. McKibbin, W. J., J-W. Lee and I. Cheong, 2004, A dynamic analysis of a Korea-Japan free trade area: Simulations with the G-cubed Asia-Pacific model. International Economic Journal, 18, pp. 3-32.
25. Panagariya, A., 1999, The regionalism debate: An overview. The World Economy, 22, pp. 477-511.
26. Park, I., 2006, East Asian regional trade agreements: Do they promote global free trade? Pacific Economic Review, 11, pp. 547-68.
27. Park, I. and S. Park, 2008, Free trade agreements versus customs unions: An examination of East Asia. Asian Economic Papers (forthcoming).
28. Rutherford, T. F., 2005, GTAP6inGAMS: The dataset and static model. Paper prepared for the Workshop on Applied General Equilibrium Modelling for Trade Policy Analysis in Russia and the CIS; 1-9 December, Moscow, Russia.
29. Scollay, R., and J. Gilbert, 2001, New subregional trading arrangements in the Asia-Pacific. Washington, DC: Institute for International Economics.
30. Sulamaa, P. and M. Widgrén, 2005, Asian regionalism versus global free trade: A simulation study on economic effects. Discussion Papers, The Research Institute of the Finnish Economy, Helsinki, Finland.
31. Umemoto, M., 2003, Hub and spoke integration and income convergence. Working Paper Series 2003-01. The International Center for the Study of East Asian Development, Kitakyushu, Japan.
32. Urata, S. and K. Kiyota, 2003, The impact of an East Asia FTA on foreign trade in East Asia. National Bureau of Economic Research Working Paper Series 10173, National Bureau of Economic Research, Cambridge, MA.
33. Urata, S., 2006, A shift from market-driven to institution-driven regionalization in East Asia, mimeo.
34. Zhai, F., 2006, Preferential trade agreements in Asia: Alternative scenarios of 'hub and spoke.' ERD Working Paper No. 83. Asian Development Bank.