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Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Volume:] 9 [Issue:] 45 [Publisher:] Springer [Place:] Heidelberg [Year:] 2020 [Pages:] 1-17
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
This paper investigates the potential economic effect of "Indo-Pacific" regional economic cooperation and compares with the extended CPTPP. The Computable General Equilibrium (CGE) results show that the quadrilateral alliance between the United States, Japan, Australia, and India shows although a substantial economic gain whilst South and East Asia join with the Indo-Pacific cooperation, the economic benefit would be enormous. The findings also indicate that South and East Asian improved trade facilitation could bring huge gain as a large part of Indo-Pacific trade has remained unrealized. The trade transaction cost is one of the major trading barriers prohibiting the growth of Indo-Pacific intra-regional trade. The study reinforces that improvement in infrastructure and connectivity that leads to less trade transportation costs should be a necessary step to realise Indo-Pacific trade potential.
Schlagwörter: 
Indo-Pacific
Trade
Regional integration
Trade facilitation
CGE
JEL: 
F14
F15
F17
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