Estimating the Impact of Cumulative Rules of Origin on Trade Costs: An Application to Mega-regional Free Trade Agreements in the Asia-Pacific Region*

IF 5.3 3区经济学 Q1 ECONOMICS

Asian Economic Papers Pub Date : 2022-01-10 DOI:10.1162/asep_a_00846

Chul Chung, Innwon Park, Soonchan Park

引用次数: 1

Abstract

Abstract We investigate the effects of free trade agreements (FTAs), focusing on the impact of cumulative rules of origin (ROO) on trade costs. Using a gravity regression model, we estimate the effect of various cumulative ROO systems on the measured trade costs. We apply these estimates to static and capital accumulation computable general equilibrium models to compare the effects of mega-regional FTAs in the Asia-Pacific region—namely, the Regional Comprehensive Economic Partnership (RCEP), Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), and Free Trade Areas in the Asia-Pacific (FTAAP). We find that mega-regional FTAs may not be a viable alternative to a multilateral trading system or bilateral FTAs unless less restrictive cumulative ROO are adopted. Successful FTAs depend on an appropriate cumulative ROO provision system rather than their membership expansion.

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估算累积原产地规则对贸易成本的影响：应用于亚太地区的大型区域自由贸易协定*

摘要我们研究了自由贸易协定的影响，重点是累积原产地规则对贸易成本的影响。使用重力回归模型，我们估计了各种累积ROO系统对测量贸易成本的影响。我们将这些估计应用于静态和资本积累可计算的一般均衡模型，以比较亚太地区大型区域自由贸易协定的影响，即区域全面经济伙伴关系协定（RCEP）、全面与进步跨太平洋伙伴关系协定和亚太自贸区协定（FTAAP）。我们发现，除非采用限制性较小的累积ROO，否则大型区域自由贸易区可能不是多边贸易体系或双边自由贸易区的可行替代方案。自由贸易区的成功取决于一个适当的累积ROO提供系统，而不是其成员的扩大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Papers ECONOMICS-

CiteScore

7.50

自引率

0.00%

发文量

期刊介绍： The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.