This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small countries in the context of a multi-country, general equilibrium model. We calibrate our model to represent one relatively small country and two symmetric big countries. We consider...

This study seeks to enhance the understanding of ASEAN’s external preferential trade agreements (PTA) in context of the recent growth of economic regionalism in East Asia. First, the paper compares the content of ASEAN’s five plurilateral PTAs with China, Korea, Japan, India, Australia, and...

This study seeks to enhance the understanding of ASEAN’s external preferential trade agreements (PTA) in context of the recent growth of economic regionalism in East Asia. First, the paper compares the content of ASEAN’s five plurilateral PTAs with China, Korea, Japan, India, Australia, and...