TY - JOUR
T1 - The effects of Mega-Regional Trade Agreements on Vietnam
AU - Kikuchi, Tomoo
AU - Yanagida, Kensuke
AU - Vo, Huong
N1 - Funding Information:
The financial support of the Lee Kuan Yew School of Public Policy, National University of Singapore is gratefully acknowledged. We thank To Minh Thu, Anna Strutt, and two anonymous referees for their detailed and thoughtful comments.
Publisher Copyright:
© 2017 Elsevier Inc.
PY - 2018/4
Y1 - 2018/4
N2 - While most studies conclude that Vietnam would have benefited greatly from the now suspended Trans-Pacific Partnership, the country nevertheless stands to gain from participation in other still promising regional frameworks, including the EU-Vietnam Free Trade Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the Free Trade Area of the Asia-Pacific. This paper analyzes how Vietnam's economy is likely to be affected by these regional frameworks. We apply a static CGE model, incorporating the effects of capital accumulation, labor supply changes, and productivity growth stemming from trade liberalization. We also analyze “middle income trap” scenarios, in which Vietnam's growth factors fall below the full-potential level and draw policy implications.
AB - While most studies conclude that Vietnam would have benefited greatly from the now suspended Trans-Pacific Partnership, the country nevertheless stands to gain from participation in other still promising regional frameworks, including the EU-Vietnam Free Trade Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the Free Trade Area of the Asia-Pacific. This paper analyzes how Vietnam's economy is likely to be affected by these regional frameworks. We apply a static CGE model, incorporating the effects of capital accumulation, labor supply changes, and productivity growth stemming from trade liberalization. We also analyze “middle income trap” scenarios, in which Vietnam's growth factors fall below the full-potential level and draw policy implications.
KW - Computable general equilibrium model
KW - Mega-Regional Trade Agreement
KW - Middle income trap
KW - Structural change
KW - Vietnam's economy
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U2 - 10.1016/j.asieco.2017.12.005
DO - 10.1016/j.asieco.2017.12.005
M3 - Article
AN - SCOPUS:85040445862
SN - 1049-0078
VL - 55
SP - 4
EP - 19
JO - Journal of Asian Economics
JF - Journal of Asian Economics
ER -