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The Gains of Economic Integration: Substantive Evidence for an Australia-Korea Free Trade Agreement

Tran, Van Hoa (2012) The Gains of Economic Integration: Substantive Evidence for an Australia-Korea Free Trade Agreement. Iranian Journal of Economic Studies, 1 (1). pp. 91-109. ISSN 2322-1402

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Abstract

On 6 December 2006, Australia and Korea announced a joint study on a possible Australia-Korea free trade agreement (AKFTA) to promote trade and economic relations between the two countries. The paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. Significantly, it uses a new economic policy modelling approach, the endogenous gravity theory (Tran Van Hoa, 2004) to provide credible and substantive causal findings and subsequent forecasts, as distinct from geopolitical economy arguments and scenarios, to evaluate the possible gains of the AKFTA to inform discussion and policy advice.

Item Type: Article
Uncontrolled Keywords: ResPubID26491, economic integration, Australia-Korea free trade agreement, economic modelling, endogenous growth, trade theory, economic policy, trade policy
Subjects: FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > College of Business
Depositing User: Ms Phung.T Tran
Date Deposited: 30 May 2014 06:22
Last Modified: 22 Sep 2014 04:13
URI: http://vuir.vu.edu.au/id/eprint/23620
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