摘要：This study compares the economy-wide impacts of the ASEAN-Japan and ASEANKorea free trade agreements (FTAs) by conducting a computable general equilibrium (CGE) analysis with highlighting the role of labor market specification. The ASEAN, Japan and Korea are shown to have more significant real GDP growth under the simulation scenarios of unemployment and perfectlabor mobility. Theassociated benefitsof FTAs, in terms of economic growth and the reductionin unemployment, aremore significantinJapan andKoreathanintheASEAN. Finally, the ASEAN would experience higher increase in the employment of unskilled labor in the FTA withKorea,whileKoreawouldseeahigherincreaseintheemploymentofskilledlabor.
