Dynamic Effects of the "New Age" Free Trade Agreement between Japan and Singapore

By Thomas W. Hertel, T. Walmsley, Ken'ichi Itakura. GTAP Working Paper, 2001

250 citations recorded by the source corpus.

As manufacturing tariffs have fallen worldwide, the focus of free trade agreements has shifted towards other issues, including: rules governing foreign investment, e-commerce regulations, trade in services, harmonization of technical standards, sanitary and phyto-sanitary regulations, and the streamlining of customs procedures. Japan and Singapore are undertaking negotiations over this kind of "new-age" FTA. The purpose of this paper is to evaluate the impact of the FTA on production, consumption, trade, international investment flows, GDP and welfare. We use a modified version of the dynamic GTAP model, which is well-suited to capturing the impact of this new-age FTA over both the short run and the longer run.

Subfields: Economics and Econometrics, Sociology and Political Science, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8831f47def57281aa6d9a8ee07ca9801b27f9b67

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Citations in the corpus

The Impact of China's WTO Accession on East Asia (2003, unknown): “From these estimates cuts in tariff equivalents on direct trade in services are computed as documented in Hertel, Walmsley, and Itakura (2001).”
Non-tariff barriers, integration and the transatlantic economy (2015, methodology): “17 The original Francois (1999, 2001) approach to the inclusion of iceberg-type costs in GTAP has be- come a standard feature of the GTAP model with Hertel et al. (2001).”