Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific
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The RCEP has the potential to shape trade and investment patterns in Asia and the Pacific well into the future and to influence the direction of global economic cooperation at a challenging time. Results of the study presented in this paper suggest that the RCEP could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, it is also expected to strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.
- The Regional Comprehensive Economic Partnership Agreement
- Modeling the Effects of the Regional Comprehensive Economic Partnership Agreement
- Estimates of the Effects of the Regional Comprehensive Economic Partnership Agreement and Other Policies
Park, Cyn-Young, Peter A. Petri, and Michael G. Plummer. 2021. "The Economics of Conflict and Cooperation in the Asia-Pacific: RCEP, CPTPP and the US-China Trade War." East Asian Economic Review 25 (3): 233–72. https://dx.doi.org/10.11644/KIEP.EAER.2021.25.3.397.
Note: ADB recognizes "China" as the People's Republic of China.