Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109287 
Authors: 
Year of Publication: 
2006
Series/Report no.: 
ERD Working Paper Series No. 83
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
The proliferation of preferential trade agreements in Asia may result in a number of hub-and-spoke confi gurations, with the Association of Southeast Asian Nations, People's Republic of China, and Japan competing as regional hubs of bilateral free trade areas. Using a newly developed global computable general equilibrium model with imperfect competition, increasing returns to scale, and heterogeneous fi rms, the paper explores the potential economic effects of alternative hub-and-spoke confi gurations in Asia. Simulation results suggest that the regionalism approach to integration in the Asian context can hardly act as a building block of global trade liberalization, if it is confi ned to shallow integration only. However, regional trade agreements involving deep integration measures provide a promising path toward global free trade.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
229.41 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.