Trade liberalization and investment in a multilateral framework

François, Joseph; McDonald, Bradley J.; Nordström, Håkan; Wooton, Ian

doi:10.1017/cbo9780511599101.008

Cited by 4 publications

(1 citation statement)

References 12 publications

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“…Baldwin (1989Baldwin ( , 1992 suggests that higher returns to capital as a result of trade will induce investment and enhance the output impact of the static effects. We estimate the changes in the capital stock and output by comparing two steady states, following the approach of Francois et al (1999).…”

Section: Empirical Framework and Resultsmentioning

confidence: 99%

China's Free Trade Agreements with ASEAN, Japan and Korea: A Comparative Analysis

Estrada¹,

Park²,

Park³

et al. 2012

China and World Economy

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The role of China in East Asia's recovery from the recent global financial and economic crisis highlights China's position as an engine of growth for this region. From the viewpoint of China, there are many potential gains from entering into free trade agreements (FTAs) with its neighbors, who collectively form a large and fast-growing market. In this paper, we qualitatively and quantitatively assess the four main permutations of China's FTAs with East Asian major economiesWe compare the effects of these FTAs on China's output and welfare. Our comparative analysis shows that China will gain from all three bilateral FTAs, while gaining the most from the ASEAN+3. Because forming a region-wide FTA, such as the ASEAN+3, is expected to be gradual and difficult, China should continue to engage in bilateral FTAs as a mediumterm and alternative strategy. However, in the long term, China should pursue a regionwide FTA.

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Section: Empirical Framework and Resultsmentioning

confidence: 99%

China's Free Trade Agreements with ASEAN, Japan and Korea: A Comparative Analysis

Estrada¹,

Park²,

Park³

et al. 2012

China and World Economy

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show abstract

A Free Trade Area of the Asia Pacific (FTAAP): Is It Desirable?

Kim

Park²,

Park

2013

SSRN Journal

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This paper evaluates whether the proposed FTAAP is a desirable policy option for APEC member economies and the world economy. More specifically, this paper quantitatively investigates whether the FTAAP satisfies conditions for a trade bloc to generate positive and sufficient net trade creation effect. In addition, this paper estimates the likely impact of the FTAAP by using a CGE model analysis. Based on statistical data analysis, this paper strongly argues that the FTAAP can be a desirable regional trade bloc able to generate positive gains from freer trade. From the ex-ante scenario analysis using both static and capital accumulation CGE Models, this paper concludes that the FTAAP has great potential for improving welfare of participating APEC economies and will boost economic growth in the region. In particular, the FTAAP would be even better if it can be linked with liberalization of trade in services and enhanced trade facilitation.

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