Abstract After 21 rounds of intense negotiations over nearly a decade, the deal of China-Australia Free Trade Agreement was finally completed in late November 2014. This paper attempts to examine both the causes and consequences of this delayed conclusion by running simulation experiments on a computable general equilibrium model, to see how the free trade agreement affects the world economy not only on the two countries involved, but also on the rest of the world with a particular reference to New Zealand. Based on the simulation results, policy implications are generated.

中文翻译：

---

中澳自由贸易协定的经济影响-一般均衡分析

摘要经过近十年的21轮激烈谈判，中澳自由贸易协定终于在2014年11月下旬完成。本文试图通过在可计算的计算机上运行模拟实验来研究这种延迟结论的原因和后果。一般均衡模型，以了解自由贸易协定如何不仅影响所涉两国，而且也影响世界其他地区，特别是对新西兰的影响。根据仿真结果，生成策略含义。