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...

Using a detailed calibrated general equilibrium model, we evaluate the effects of greater cooperation or confrontation in bilateral trade relations between the U.S. and Japan. Our numerical results indicate that, if a trade war between the two were precipitated, the U.S. would eventually benefit...

This paper presents an empirical analysis of PRC's regional economic emergence, intended to improve longer term visibility for policy makers, helping overcome the threat-bias and better identify the horizon of opportunity for other East Asian economies. A multi-country dynamic forecasting model...

Rivalry in trade between China and its regional neighbours in ASEAN has become a major preoccupation for many regional policy-makers. For these reasons, strengthening the basis of empirical evidence on regional trade relations is especially important, and this paper does so in two ways. Using...