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GTAP Resources: Resource Display

GTAP Resource #653

"Interactions Between Direct Investment and Trade in the Asia-Pacific Region"
by Lee, Hiro and Dominique van der Mensbrugghe


Abstract
The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and APEC countries suggests that trade and FDI exhibit a complementary relationship. In this paper, we employ a six-region applied general equilibrium model that incorporates FDI to evaluate the impact of APEC trade and investment liberalization on output and the interplay between FDI and trade adjustments. The preliminary results suggest that FDI liberalization would bring about greater benefits to most of the APEC economies than trade liberalization. In the manufacturing sector, trade and FDI are found to be complements in the APEC regions.


Resource Details (Export Citation) GTAP Keywords
Category: 2001 Conference Paper
Status: Published
By/In: Presented at the 4th Annual Conference on Global Economic Analysis, Purdue University, USA
Date: 2001
Version:
Created: (5/30/2001)
Updated: Lee, H. (1/31/2003)
Visits: 3,025
- Foreign direct investment


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