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This paper applies a computable general equilibrium model to investigate the potentialeconomic effects of trade liberalization across the Taiwan Strait. Our simulation resultsreveal that cross-Strait trade liberalization will have significant positive impacts on externaltrade, domestic investment and real GDP for the economies in this area in general and inTaiwan in particular. Furthermore, the negative impact from the formation of a free tradearrangement between Taiwan and Chinese Mainland on Hong Kong seems to be rathersmall. These results suggest that cross-Strait trade liberalization is very likely to bringabout a win—win situation for the economies in this area.
This paper applies a computable general equilibrium model to investigate the potentialeconomic effects of trade liberalization across the Taiwan Strait. Our simulation results that have significant-positive effects on externaltrade, domestic investment and real GDP for the economies in this area in. general and inTaiwan in particular. Furthermore, the negative impact from the formation of a free tradearrangement between Taiwan and Chinese Mainland on Hong Kong seems to be rathersmall. These results suggest that cross-Strait trade liberalization is very likely to bringabout a win-win situation for the economies in this area.