Ten countries-most completing their transition from socialist-based economies to market economies-became the EU members in 2004, two additional countries are slated to join the Union in 2007, and a few others are expected to become members at some future dates. Despite a relatively small...

Asia-Pacific countries are currently negotiating two mega-regional free trade agreements (FTAs), namely Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP). The objectives of this paper are twofold. First, by using a dynamic applied general equilibrium model...

At the 1994 APEC summit in Bogor, Indonesia, it was recommended that trade and investment barriers among the member countries be removed by 2020. Despite general consensus that trade liberalization would accelerate development in this most dynamic trading area, there is very little empirical...

This paper presents a brief introduction to the OECD GREEN Model. The GREEN model has been developed by the OECD Secretariat in order to assess the economic impact of abating CO2 emissions using several different economic instruments. The paper is divided into two parts. The first provides a...

The environmental implications of international trade have come under intensified scrutiny in recent years, particularly with expanded interest in multilateralism, regionalism, and other negotiated trade regimes. The transfer of environmental effects, both positive and negative, is embodied in...

Consequences of free-trade agreements (FTAs) among the ASEAN+3 and ASEAN+6 countries are explored using a dynamic computable general equilibrium (CGE) model. Quantitative assessments of intra- and extra-regional effects on welfare, trade and output are offered. When both trade facilitation and...

The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and Asia-Pacific Economic Cooperation (APEC) countries suggests that trade and FDI exhibit a complementary relationship. In...

China's accelerated global emergence has changed trade patterns in the Asia-Pacific region and exerted important influence on its trilateral relationship with Japan and the United States. In this paper, we evaluate the effects of multilateral and regional trade policy scenarios that are...