Lee, HiroOwen, Robert F.van der Mensbrugghe, Dominique2012-03-302012-03-302009Journal of Asian Economics10490078https://hdl.handle.net/10986/4673Consequences 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 endogenously determined productivity are included in the FTA scenarios, Singapore, other ASEAN countries and China would be able to realize relatively large welfare gains, while the welfare effects on the EU and North America are negligible. The trade and output effects on the latter two regions are also relatively small, with the notable exception of crops, other than rice, in North America.ENCountry and Industry Studies of Trade F140Economic Integration F150International Linkages to DevelopmentRole of International Organizations O190Development Planning and Policy: Trade PolicyFactor MovementForeign Exchange Policy O240Agriculture in International Trade Q170Journal ArticleWorld Bank