model of countries for a panel dataset for countries in the Asia Pacific region. The evidence that the proliferation of RTAs …

Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …

In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include "behind … transaction costs along with trade infrastructure facilities have significant influence on regional trade flows in Northeast Asia …. On average, 10 percent saving in transaction costs increases imports by about 5 percent in Northeast Asia. This paper …