Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109538
Authors: 
Park, Donghyun
Park, Innwon
Estrada, Gemma Esther B.
Year of Publication: 
2008
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 21
Abstract: 
The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper qualitatively and quantitatively examines the economic feasibility of AKFTA: qualitatively using the theory of economic integration, and quantitatively by applying a CGE model. Our two-dimensional analysis provides some, but not overwhelming, support for AKFTA's prospects as an effective means of promoting trade between ASEAN and the Republic of Korea.
Subjects: 
ASEAN
Korea
trade
free trade area
economic integration
JEL: 
F10
F14
F15
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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