Abstract |
The trade liberalization and regional economic integration have recently accelerated in East Asia,with several free trade areas have been established or are under negotiation. As for Vietnam,after acquiring ASEAN membership in 1995, the country has signed a bilateral trade package with the United States and participated in the China-ASEAN free trade area. This paper attempts to analyze impacts on Vietnam of the ongoing regional economic integration, focussing ongrowth, poverty reductions and income distribution. For this purpose, we have constructed a global linked Computable General Equilibrium (CGE) model and make use of GTAP database version 6.0 and Vietnam’s living standards surveys. The simulation analysis shows that theregional economic integration generally has positive impacts, and it is both welfare enhancingand income-distribution improving for Vietnam. Household income and consumption increase,and poor and rural household groups benefit more than high income urban groups. |