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Paper Information

Journal:   IRANIAN JOURNAL OF ECONOMIC STUDIES   SPRING 2012 , Volume 1 , Number 1; Page(s) 91 To 109.
 
Paper: 

THE GAINS OF ECONOMIC INTEGRATION: SUBSTANTIVE EVIDENCE FOR AN AUSTRALIA-KOREA FREE TRADE AGREEMENT

 
 
Author(s):  HOA TRAN VAN*
 
* CENTRE FOR STRATEGIC ECONOMIC STUDIES, VICTORIA UNIVERSITY, AUSTRALIA
 
Abstract: 

On 6 December 2006, Australia and Korea announced a joint study on a possible Australia-Korea free trade agreement (AKFTA) to promote trade and economic relations between the two countries. The paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. Significantly, it uses a new economic policy modeling approach, the endogenous gravity theory (Tran Van Hoa, 2004) to provide credible and substantive causal findings and subsequent forecasts, as distinct from geopolitical economy arguments and scenarios, to evaluate the possible gains of the AKFTA to inform discussion and policy advice.

 
Keyword(s): ECONOMIC INTEGRATION, AUSTRALIA-KOREA FREE TRADE AGREEMENT, ECONOMIC MODELING, ENDOGENOUS GROWTH AND TRADE THEORY, ECONOMIC AND TRADE POLICY
 
References: 
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