@article{Kawasaki:331231,
      recid = {331231},
      author = {Kawasaki, Kenichi},
      title = {The Impact of Free Trade Agreements in Asia},
      address = {2004},
      pages = {28},
      year = {2004},
      note = {Presented at the 7th Annual Conference on Global Economic  Analysis, Washington DC, USA},
      abstract = {This paper discusses a quantitative simulation analysis on  the impact of Japan’s FTAs in Asia using a CGE model of  global trade. It has been argued that a regional FTA would  be a step toward global trade liberalization rather than a  final goal. In fact, it is shown that changes in sectoral  trade balance and production would vary according to the  partners in Japan’s FTAs in Asia deviating from those  expected in global trade liberalization. Moreover, the  terms of trade effects would be relatively significant in  determining the overall welfare impacts in partial trade  liberalization. On the other hand, capital formation  mechanisms, one through dynamic capital accumulation and  another through international capital movements, are shown  to be particularly important for macroeconomic gains in  several ASEAN countries. It is suggested that  liberalization and facilitation of not just the trade of  goods but also investment would be essential for economic  partnerships in Asia.},
      url = {http://ageconsearch.umn.edu/record/331231},
}