Abstract
We have discussed in Chapter 4 about the GTAP model which is implemented to estimate the economic impact of the regional integration. The recursive updating procedure is used to update the GTAP data of version 6. The model has been run to analyze the economic impacts of several simulated regional trade agreement scenarios. The regional trade agreements decreased import tariff restrictions and export subsidy between the ASEAN countries as well as Japan, China and the Republic of Korea in the model. The experiments undertaken in the study are briefly described in the previous chapter as Business As Usual, Medium Economic Integration, and Deep Economic Integration.
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© 2010 Springer Science+Business Media B.V.
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Mukhopadhyay, K., Thomassin, P.J. (2010). Economic Impact of Economic Integration. In: Economic and Environmental Impact of Free Trade in East and South East Asia. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-3507-3_5
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DOI: https://doi.org/10.1007/978-90-481-3507-3_5
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Publisher Name: Springer, Dordrecht
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Online ISBN: 978-90-481-3507-3
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