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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 …
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This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and normative aspects of international trade. Assuming “continuum-Pollak” preferences, the model allows for consistent aggregation over a continuum of sectors, in each of which a...
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We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize the analysis of Arkolakis, Costinot and...
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Singapore's rapid evolution from a modest trading post under colonial rule into a prosperous, self-confident nation is one of the notable success stories of the second half of the 20th century. International trade and investment linkages have been the cornerstones of the city-state's economic...
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Developing Asia's rapid economic growth has been shifting the global economic and industrial centers of gravity away … from the North Atlantic, raising the importance of Asia in world trade, and boosting South–South trade. How will trade … patterns change over the next 2 decades in the course of economic growth and structural changes in developing Asia and the rest …
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the ‘new normal' of lower economic growth in China will impact on the prospects for trade in the Asia-Pacific region … 2019), forecasts show that China's ‘new normal' (7% p.a.) would lead to a slowdown in real total Asia-Pacific trade growth …
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