Unilateral liberalisation or trade agreements: which way forward for the Pacific?

Mahadevan, Renuka and Asafu-Adjaye, John (2013) Unilateral liberalisation or trade agreements: which way forward for the Pacific?. World Economy, 36 10: 1355-1372. doi:10.1111/twec.12075


Author Mahadevan, Renuka
Asafu-Adjaye, John
Title Unilateral liberalisation or trade agreements: which way forward for the Pacific?
Journal name World Economy   Check publisher's open access policy
ISSN 0378-5920
1467-9701
Publication date 2013-10-01
Sub-type Article (original research)
DOI 10.1111/twec.12075
Volume 36
Issue 10
Start page 1355
End page 1372
Total pages 18
Place of publication Chichester, West Sussex, United Kingdom
Publisher Wiley-Blackwell Publishing
Collection year 2014
Language eng
Formatted abstract
Empirical results show that, for the Pacific island states, a free trade agreement with developed countries provides more benefits followed by regional trade agreement within the Pacific and then unilateral tariff reduction. While the agricultural sector expands and the manufacturing sector declines in all scenarios, to avoid second-best outcomes, developed countries need to go beyond the provision of aid for trade/development measures. For developing countries, the way forward with regional trade agreements is to carefully sequence them with regard to the different developed countries involved. This must be accompanied by domestic reform which is necessary but not sufficient for long-term gains.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Economics Publications
 
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Created: Tue, 08 Oct 2013, 22:28:08 EST by Alys Hohnen on behalf of School of Economics