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Trade and investment in Latin America and Asia: Perspectives from further integration
- Source :
-
Journal of Policy Modeling . Mar2012, Vol. 34 Issue 2, p193-210. 18p. - Publication Year :
- 2012
-
Abstract
- Abstract: Recently, Asian and Latin American countries have engaged in a series of negotiations to liberalize trade and investment flows. This paper analyzes the potential impact of a free trade agreement (FTA) between countries of both regions, applying a world dynamic general equilibrium model (MIRAGE). An important feature of the model is that it includes a new way of modeling bilateral investment flows and bilateral investment agreements. This is especially important given that investment plays a major role in the economic relations of the two regions. Our results show that most countries will benefit from the agreement; nevertheless, the gains of Latin American countries will be higher, especially when all Asian countries participate. In addition, Latin America benefits from increased FDI inflows, mainly from developed Asian countries. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 01618938
- Volume :
- 34
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Journal of Policy Modeling
- Publication Type :
- Academic Journal
- Accession number :
- 71893788
- Full Text :
- https://doi.org/10.1016/j.jpolmod.2011.09.004