This paper addresses the sequential issue of countries entering into a Free Trade Area. Korea, China, Japan and the United States are the objects of investigation. Different sequences are ranked in terms of the present value of Korea's GDP using a computable general equilibrium model, and the...

This paper estimates the elasticities of substitution between domestic and imported intermediate goods and between imported intermediate goods across more than 40 industries. It will be the first step to deepen our understanding across different industries and the estimates can be used within...

This paper is exploring the impact on the two proximate economies, Korea and China, of China's accession to the World Trade Organization. We try to figure out how the aggregate effects, export performance, domestic production, and flows of foreign direct investments can be affected by this...