This book examines the economic, political and institutional dimensions of pan-Asian integration. With little progress made in the Doha Round, there is heightened interest in deeper regional integration in Asia. The book explores regional patterns of trade and investment and the potential for deeper integration.

Economists have long argued that dynamic effects of policy changes are much more important in the real world than static effects, but this is not reflected in the majority of applied trade studies. This book departs from mainstream trade modeling and examines the dynamic aspects of international trade and investment policy by explicitly specifying dynamic mechanisms in a wide range of modeling approaches. With contributions from leading economists Dynamic Issues In Commercial Policy Analysis will become a standard reference in international trade and policy research.

First published in 1999, Dynamic Issues in Commercial Policy Analysis focuses on the explicit specification of dynamic mechanisms in the formal analytics of trade models. A wide range of modelling approaches is employed to investigate an even wider range of policy issues, with an overall objective of further extension of the basic conceptual framework of applied commercial policy analysis in the direction of dynamic issues and applications. Professors Baldwin and Francois and their contributors emphasise methods for the analysis of interactions between commercial policy and leading policy issues, including investment performance, economic growth and innovation, the location of industry, migration, and the environment.

Applied general equilibrium (AGE) models have received considerable attention and scrutiny in the public debate over the North American Free Trade Agreement (NAFTA). This collection brings together the leading AGE models that have been constructed to analyse NAFTA. A variety of approaches to modelling trade liberalization are taken in these studies, including multi-country and multi-sectoral models, models that focus on institutional features of particular sectors (agricultural, autos, steel, textiles and apparel) affecting multinational firms and rules of origin, and models with some inter-temporal structure. Further, by constructing stylized models, theoretical linkages have been identified that drive numerical results in the larger AGE models. The volume also assesses what can be learned about the likely economic effects of NAFTA from the collection of studies taken as a whole. Areas in need of further study have been highlighted.

Applied Methods for Trade Policy Analysis provides a comprehensive introduction to the applied economic modeling of trade policies. The book introduces the reader to trade policy concepts, welfare measurement, accounting frameworks, and both partial and general equilibrium modeling approaches. It first covers these topics at a basic level and then introduces the reader to a number of more advanced topics: imperfect competition, dynamic modeling, labor market structure, and environmental modeling. Economic graduate students, professors, and policy makers will find the collection to be an important reference tool. To accompany the book, chapter-based modeling files, including model code and datasets, are available over the internet at http://www.intereconomics.com/handbook.