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dc.contributor.authorSulamaa, Pekkaen_US
dc.contributor.authorWidgrén, Mikaen_US
dc.description.abstractThis 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, Brazil and developing countries.en_US
dc.publisherThe Research Institute of the Finnish Economy (ETLA) Helsinkien_US
dc.relation.ispartofseriesETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 985en_US
dc.subject.keywordfree trade, regionalism, GTAP modelen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.titleAsian regionalism versus global free trade: A simulation study on economic effectsen_US
dc.typeWorking Paperen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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