「Estimating the Impact of Cumulative Rules of
Origin on Trade Costs: An Application to Mega-regional Free Trade Agreements in
the Asia-Pacific Region」
●저자 : 박인원 (공동저자)
●학술지명 : Asian Economic Papers
●권호 : 21(1)
●게재년월 : 2022년 2월
●링크: https://direct.mit.edu/asep/article-abstract/21/1/92/109036/Estimating-the-Impact-of-Cumulative-Rules-of?redirectedFrom=fulltext
[초록]
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.