Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246716 
Year of Publication: 
2021
Series/Report no.: 
ADB Economics Working Paper Series No. 639
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
The Regional Comprehensive Economic Partnership (RCEP) presents strong potential to mold regional trade and investment patterns well into the future and to influence the direction of global economic cooperation at a challenging time. This paper evaluates the RCEP and estimates its potential effects on income, trade, economic structure, factor returns, and employment using a computable general equilibrium model. The results suggest that the RCEP agreement could generate global income gains that will be almost twice as large as those of the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP). RCEP effects on the region's trade will also significantly deepen regional production networks and raise productivity. At the sectoral level, exports and imports of nondurable and durable manufactures will experience the most growth. The CPTPP and RCEP will especially strengthen the region's manufacturing supply chains, increasing wages and employment.
Subjects: 
computable general equilibrium
Comprehensive and Progressive Agreement on Trans-Pacific Partnership
free trade agreement
Regional Comprehensive Economic Partnership
rules of origin
supply chains
JEL: 
F13
F15
F17
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
862.3 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.