File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Factor endowments, trade liberalization, and the future of APEC trade patterns

TitleFactor endowments, trade liberalization, and the future of APEC trade patterns
Authors
Issue Date1999
Citation
Contemporary Economic Policy, 1999, v. 17 n. 4, p. 517-529 How to Cite?
AbstractThe heads of state of Asia-Pacific Economic Cooperation (APEC) nations have committed member nations to remove all barriers to trade both among themselves and with respect to the rest of the world by 2020. The present paper uses a simple econometric model of bilateral trade flows based on country size, relative factor endowments, and trade barriers of importing as well as exporting countries to estimate the shares by country of origin in imports of each of the 16 major APEC countries and the rest of the world for each of 45 commodity groups comprising world trade in commodities. The estimates reveal that APEC trade would be expanded by 13% with complete liberalization of tariff barriers, by an additional 5% if nontariff barriers are also removed, and by another 4% if the rest of the world would also remove all barriers to trade. Variants on this base scenario show that such trade expansion could be substantially reduced were trade liberalization, capital growth, or both to be reduced in the countries affected by the Asian financial crisis. © Western Economic Association International.
Persistent Identifierhttp://hdl.handle.net/10722/196667
ISSN
2015 Impact Factor: 0.602
2015 SCImago Journal Rankings: 0.424

 

DC FieldValueLanguage
dc.contributor.authorChan, KK-
dc.contributor.authorNugent, JB-
dc.date.accessioned2014-04-24T02:10:32Z-
dc.date.available2014-04-24T02:10:32Z-
dc.date.issued1999-
dc.identifier.citationContemporary Economic Policy, 1999, v. 17 n. 4, p. 517-529-
dc.identifier.issn1074-3529-
dc.identifier.urihttp://hdl.handle.net/10722/196667-
dc.description.abstractThe heads of state of Asia-Pacific Economic Cooperation (APEC) nations have committed member nations to remove all barriers to trade both among themselves and with respect to the rest of the world by 2020. The present paper uses a simple econometric model of bilateral trade flows based on country size, relative factor endowments, and trade barriers of importing as well as exporting countries to estimate the shares by country of origin in imports of each of the 16 major APEC countries and the rest of the world for each of 45 commodity groups comprising world trade in commodities. The estimates reveal that APEC trade would be expanded by 13% with complete liberalization of tariff barriers, by an additional 5% if nontariff barriers are also removed, and by another 4% if the rest of the world would also remove all barriers to trade. Variants on this base scenario show that such trade expansion could be substantially reduced were trade liberalization, capital growth, or both to be reduced in the countries affected by the Asian financial crisis. © Western Economic Association International.-
dc.languageeng-
dc.relation.ispartofContemporary Economic Policy-
dc.titleFactor endowments, trade liberalization, and the future of APEC trade patterns-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-26844461585-
dc.identifier.volume17-
dc.identifier.issue4-
dc.identifier.spage517-
dc.identifier.epage529-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats