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Title: Australia's Involvement in Free Trade Agreements: An Economic Evaluation
Contributor(s): Siriwardana, M (author)
Publication Date: 2006
DOI: 10.1080/12265080500537227
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Abstract: The establishment of Free Trade Agreements (FTAs) has become an integral part of Australia’s current trade policy. Australia has signed FTAs with Singapore, Thailand and the US. Possibilities for similar agreements with the Association of South East Asian Nations(ASEAN), China, and Japan are being explored. This paper examines the effects of FTAs on the Australian economy and on the trading partners, drawing lessons from simulations of a number of free trade agreements. The simulations are undertaken using the Global Trade Analysis Project (GTAP) model. By simulating the GTAP multi-country computable general equilibrium (CGE) model, the paper provides quantitative evidence concerning the welfare impact of FTAs withspecial reference to trade creation and trade diversion. Examining responses of various production sectors identifies the structural changes that may take place in the economy over the long run. Thefindings may shed light on the debate over the potential incentives to participate in multilateral trade liberalization.
Publication Type: Journal Article
Source of Publication: Global Economic Review, 35(1), p. 3-20
Publisher: Routledge
Place of Publication: Abingdon, Oxon, UK
ISSN: 1226-508X
Field of Research (FOR): 140303 Economic Models and Forecasting
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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Appears in Collections:Journal Article
UNE Business School

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