Is the RCEP a Cornerstone or Just Collaboration? Regional General Equilibrium Model Based on GAMS

文献类型： 外文期刊

第一作者： Ahmed, Yosri Nasr

作者： Ahmed, Yosri Nasr;Delin, Huang;Reeberg, Benito Giovanni;Ahmed, Yosri Nasr;Shaker, Victor

作者机构：

关键词： RCEP Agreement; Regional CGE Model; Trade Liberalization

期刊名称：JOURNAL OF KOREA TRADE （ 影响因子：0.5； 五年影响因子：0.6 ）

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年卷期： 2020 年 24 卷 1 期

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收录情况： SCI

摘要： Purpose - This paper investigates the potential effect of the Regional Comprehensive Economic Partnership (RCEP) on trade liberalization among member countries in order to answer key questions in our research on whether the RCEP will be a cornerstone or just collaboration. Furthermore, it aims to measure the likely magnitude of the economic impact it has on its members. Design/methodology - Toward achieving research objectives, we developed a regional CGE model based on the GTAP 9 database. Findings - The simulation results show Korea, Australia, India, and Japan ranked the top countries with an average growth in GDP of 0.38 %, 0.36%, 0.29%, and 0.23%, respectively. Moreover, China and New Zealand followed with a percentage of 0.12% each. The lower economic performing group is the ASEAN group due to a contraction in GDP by 0.13%. Accordingly, there was a positive impact of the RCEP agreement on all member states, as empirically demonstrated. Furthermore, Korea is one of the countries that will benefit most from joining this agreement. Finally, this agreement is important; it has many economic benefits to member states, but it is not a cornerstone. Originality/value - The examination of the quantitative effects of tariff removal among the RCEP's countries is its value. We will address all member countries of the convention simultaneously using a regional CGE model GAMS language, where we employed a Mathematical Programming System for General Equilibrium (MPSGE) to establish a Regional CGE model. This study is directed to policymakers looking at evaluating RCEP agreement.

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