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GTAP Resource #126

"Medium- And Long-Run Consequences for Australia of an APEC Free-Trade Area: CGE Analysis Using the GTAP and Monash Models."
by Adams, Philip, Karen Huff, Robert McDougall, Ken Pearson and Alan Powell


Abstract
Two large applied general equilibrium models, GTAP and MONASH, are used in this paper to simulate the elimination of trade barriers among the members of APEC. These models focus respectively on global trading relations and on the detailed sectoral, occupational, and regional dimensions of the Australian economy. We find that the mature industrialized members of APEC are likely to ex perience modest increases in real GDP from the trade reform, but that there is scope for very big advances in real GDP in some Asian member countries (especially those with high initial trade barriers against imports of capital goods).


Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Published
By/In: Asia-Pacific Economic Review Vol.3, No. 1, April 1997 pp. 19-42
Date: 1997
Version:
Created: Bacou, M. (9/27/2000)
Updated: Powell, A. (9/3/2007)
Visits: 2,487
No keywords have been specified.


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