Assessing the economic impact and welfare effects of RCEP: A case study of Malaysia's progress in the ASEAN-China Free Trade Agreement

doi:10.1080/09638199.2023.2285861

	Assessing the economic impact and welfare effects of RCEP: A case study of Malaysia's progress in the ASEAN-China Free Trade Agreement
	Jiang, Yang1,2 ; Husin, Hartini 1
	2023-11-25
发表期刊	JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT
摘要	This paper employs the WITS-SMART model to analyze the potential impacts of the Regional Comprehensive Economic Partnership (RCEP) on specific industries in Malaysia and China. By modifying the Armington elasticity and the parameter 'a' in the Swiss formula, five distinct scenarios are established to simulate the effects of various tariff reduction schemes. The analysis reveals positive and significant overall trade effects. In a scenario of complete tariff elimination, Malaysia experiences higher trade and welfare effects compared to China, addressing the longstanding trade deficit between the two countries. Finally, recommendations are made to gradually reduce tariffs in stages and sectors, prioritize tariff reduction on specific goods, implement zero tariffs in China first, focus on products with international competitiveness, and address potential asymmetric industrial output effects.
关键词	RCEP tariff reduction trade effects welfare effects Malaysia China F13
DOI	10.1080/09638199.2023.2285861
收录类别	SSCI
ISSN	0963-8199
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001110267500001
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
原始文献类型	Article ; Early Access
EISSN	1469-9559
引用统计	被引频次：1[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/35471
专题	国际经济与贸易学院
通讯作者	Jiang, Yang
作者单位	1.Univ Utara Malaysia, Sch Int Studies, Sintok, Malaysia; 2.Lanzhou Univ Finance & Econ, Sch Int Econ & Trade, Lanzhou, Peoples R China
第一作者单位	兰州财经大学
通讯作者单位	兰州财经大学
推荐引用方式 GB/T 7714	Jiang, Yang,Husin, Hartini. Assessing the economic impact and welfare effects of RCEP: A case study of Malaysia's progress in the ASEAN-China Free Trade Agreement[J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT,2023.
APA	Jiang, Yang,&Husin, Hartini.(2023).Assessing the economic impact and welfare effects of RCEP: A case study of Malaysia's progress in the ASEAN-China Free Trade Agreement.JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT.
MLA	Jiang, Yang,et al."Assessing the economic impact and welfare effects of RCEP: A case study of Malaysia's progress in the ASEAN-China Free Trade Agreement".JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT (2023).