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GTAP Resource #2084

"ASIAN REGIONALISM VERSUS GLOBAL FREE TRADE: A SIMULATION STUDY ON ECONOMIC EFFECTS"
by Sulamaa, Pekka and Mika Widgren


Abstract
This paper evaluates and compares the economic effects of global liberalization of world trade and regional integration scenario in which an Asian trading block is emerging. The evaluation is based on computable general equilibrium model GTAP (global trade analysis project) that has been widely used in analyses of big regime changes in world economy. The results show that global free trade is better for all regions in the investigation. Compared to the current trade regime, that does not hold since e.g. the new EU member states would be worse-off. The biggest winners of global free trade are Asian countries, Brasilia and developing countries. At industry level the results show regional concentration tendencies in production of agriculture, energy sector and in textile, paper and car industries.


Resource Details (Export Citation) GTAP Keywords
Category: 2006 Conference Paper
Status: Published
By/In: Presented at the 9th Annual Conference on Global Economic Analysis, Addis Ababa, Ethiopia
Date: 2006
Version:
Created: Widgren, M. (5/1/2006)
Updated: Widgren, M. (5/1/2006)
Visits: 1,763
No keywords have been specified.


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