Indo-Pacific cooperation: What do trade simulations indicate?

Artikel

This paper investigates the potential economic effect of "Indo-Pacific" regional economic cooperation and compares with the extended CPTPP. The Computable General Equilibrium (CGE) results show that the quadrilateral alliance between the United States, Japan, Australia, and India shows although a substantial economic gain whilst South and East Asia join with the Indo-Pacific cooperation, the economic benefit would be enormous. The findings also indicate that South and East Asian improved trade facilitation could bring huge gain as a large part of Indo-Pacific trade has remained unrealized. The trade transaction cost is one of the major trading barriers prohibiting the growth of Indo-Pacific intra-regional trade. The study reinforces that improvement in infrastructure and connectivity that leads to less trade transportation costs should be a necessary step to realise Indo-Pacific trade potential.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 9 ; Year: 2020 ; Issue: 45 ; Pages: 1-17 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Trade ; Economic Integration ; Trade: Forecasting and Simulation
• Subject: Indo-Pacific ; Trade ; Regional integration ; Trade facilitation ; CGE

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Rahman, Mohammad Masudur ; Kim, Chanwahn ; De, Prabir
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2020

Further information

• DOI: doi:10.1186/s40008-020-00222-4
• Handle: http://hdl.handle.net/10419/261592
• Last update: 10.03.2025, 11:43 AM CET