Hub-and-Spokes Free Trade Agreements in the Presence of Technology Spillovers: An Application to East-Asia
Date Issued
2008
Date
2008
Author(s)
HSIAO, CHIH-CHEN
Abstract
Using a comparative-static general equilibrium model in the context of the Eastern Hemisphere, this paper compares the economic effects of a “hub-andspokes” type ofilateral trade configuration (with Singapore being the hub) with those of a more comprehensive regional FTA(RTA). The model is augmented to account for the possibility of technology spillovers and its effective assimilation among participating economies. In particular, absorptive capacity, governance factor, proximity and institutional congruence on jointly determine an economy’s capacity to capture the technology that is transmitted from the developed spoke Japan to other regions.
Subjects
Hub and spokes
FTA
technology transfer
absorption ability
governance
SDGs
Type
thesis
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