East Asian Regional Trade Agreements: Do They Promote Global Free Trade?

22 Pages Posted: 7 Dec 2006

Abstract

We quantitatively evaluate the effects different paths have on East Asian Regional Trade Agreements (RTA), which include expansionary, duplicate and overlapping RTAs. By applying a computable general equilibrium model analysis, we find that the static effect of existing, proposed and negotiating East Asian RTAs on world and members welfare is sufficiently positive. It will lead to non-discriminatory global free trade, by triggering the domino effect of regionalism if the RTAs take an expansionary path by cooperating with each other, in contrast to competing to achieve the first mover advantage, or hub self-interest.

Suggested Citation

Park, Innwon, East Asian Regional Trade Agreements: Do They Promote Global Free Trade?. Pacific Economic Review, Vol. 11, No. 4, pp. 547-568, December 2006. Available at SSRN: https://ssrn.com/abstract=950098 or http://dx.doi.org/10.1111/j.1468-0106.2006.00334.x

Innwon Park (Contact Author)

Korea University ( email )

Register to save articles to
your library

Register

Paper statistics

Downloads
24
Abstract Views
455
PlumX Metrics