We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

Impact of the Regional Comprehensive Economic Partnership (RCEP): A Global Computable General Equilibrium (CGE) Simulation

Impact of the Regional Comprehensive Economic Partnership (RCEP): A Global Computable General Equilibrium (CGE) Simulation
Date:
21 October 2022
Authors:
Ken Itakura
Tags:
RCEP, Trade, ASEAN, Investment, Services, CGE

Print Article:

This study estimates the potential economic effects of the Regional Comprehensive Economic Partnership (RCEP) by using a recursively dynamic computable general equilibrium (CGE) model, which incorporates the global supply chains (GSCs) structure, also referred as the global value chains (GVCs). The tariff reduction schedules for the RCEP agreement are incorporated in addition to other large FTAs, such as the CPTPP. Second, the structure of GSCs is included in the CGE model to take into account the importance of trade in intermediate goods and services. This study implements the RCEP simulation scenarios for tariff reductions, services trade liberalization, logistic improvements, and investment commitments. Results show that the real GDP of RCEP members increases by $675 billion in total, of which ASEAN grows by $160 billion.

Impact of the Regional Comprehensive Economic Partnership (RCEP): A Global Computable General Equilibrium (CGE) Simulation

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Related Articles

ASEAN, Trade, Services
21 October 2022
Editor(s)/Author(s): Ramonette B. Serafica, Intan Murnira Ramli
The Trade in Services Chapter of the RCEP Agreement establishes the rules for the progressive liberalisation of trade[...]
ASEAN, RCEP, Services
21 October 2022
Editor(s)/Author(s): Christopher Findlay, Xianjia Ye, Hein Roelfsema
In this chapter, we start with an overview of trade flows in modern services within the Regional Comprehensive[...]

A PHP Error was encountered

Severity: Core Warning

Message: PHP Startup: Unable to load dynamic library 'php_fileinfo.dll' (tried: /opt/plesk/php/7.4/lib/php/modules/php_fileinfo.dll (/opt/plesk/php/7.4/lib/php/modules/php_fileinfo.dll: cannot open shared object file: No such file or directory), /opt/plesk/php/7.4/lib/php/modules/php_fileinfo.dll.so (/opt/plesk/php/7.4/lib/php/modules/php_fileinfo.dll.so: cannot open shared object file: No such file or directory))

Filename: Unknown

Line Number: 0

Backtrace: