Provisional PARFTA (Pacific Rim Free Trade Agreement) and Its Economic Effect

The Gains of Economic Integration: Substantive Evidence for an Australia-Korea Free Trade Agreement

Abstract On 6 December 2006, Australia and Korea announced a joint study on a possible Australia-Korea free trade agreement (AKFTA) to promote trade and economic relations between the two countries. The paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. Significantly, it uses a new economic policy modelling approach, the endogenous grav...

Loan Sales: Pacific Rim Trade in Nontradable Assets

Foreign banks play a large role in the loan sales market. We examine this role using individual bank data on foreign-owned banks in the United States. We find that the motives for loan sales and purchases differ between U.S. and foreign-owned banks and between foreign banks of different regions. The evidence is consistent with foreign banks' using the market for diversification. clevelandfed.or...

The North American Free Trade Agreement.

Relationship between Economic Growth, Urban Concentration and Trade: Evidence from the Asia-Pacific

  There is a significant relationship between economic growth and the degree of urban concentration, as measured by primacy or the share of the largest city in an urban system. In accordance to urban economic theories, there is an inverse-U shape relationship between urban concentration –urban primacy- and economic growth. That is, as economy grows, urban concentration increases, approaches a...

Pacific Rim Research Program

The direction of the arrows in the graph encodes the fact that the class depends on these five attributes, and the lack of any arrows between the attributes explicitly encodes the assumption that the attributes are independent (more precisely, the attributes are independent, given we know the class). For example, if A1 is thorax_length and A3 is wingbeat_frequency, this classifier explicitly as...