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Economic Analysis of the Regionalism in the World Economy

Research Project

Project/Area Number 05044021
Research Category

Grant-in-Aid for international Scientific Research

Allocation TypeSingle-year Grants
SectionJoint Research
Research InstitutionRitsumeikan University

Principal Investigator

SHIBATA Hirofumi  Ritsumeikan University Professor, 政策科学部, 教授 (80112001)

Co-Investigator(Kenkyū-buntansha) ELーAGRAA Ali  Fukuoka University, 商学部, 教授 (90202754)
LEE Hiro  University of California (Irvine), アーバイン校, 助教授
DRYSDALE Pet  Australian National University, 兼日豪研究所, 教授所長
PANAGARIYA A  メリーランド大学, 経済学部, 教授
INTRILLGATOR マイケル  カルホルニア大学, ロスアンジェルス校, 教授
MCGUIRE Martin C.  University of California (Irvine), アーバイン校・経済学部, 教授
ABE Kenzo  Osaka University, 経済学部, 教授 (00175902)
SHIBATA Aiko  Kwansei-gakuin University, 経済学部, 教授 (50178901)
FUKUSHIMA Takashi  Tokyo Metropolitan University, 経済学部, 教授 (30228887)
IHORI Toshihiro  Tokyo University, 経済学部, 教授 (40145652)
HATTA Tatsuo  Osaka University, 社会経済研究所, 教授 (70008647)
PANAGARIYA Arvind  Maryland Universiry
INTRILLGATOR Micheal D.  University of California (Los Angels)
LEE Hiro  カルホルニア大学, アーバイン校, 助教授
DRYSDALE Pet  オーストラリア国立大学, 教授所長
PANAGARIYA A  メリーランド大学, 経済学部, 教授
INTRILLGATOR マイケル ディー  カルホルニア大学, ロスアンジェルス校, 教授
MCGUIRE Mart  カルホルニア大学, アーバイン校経済学部, 教授
鬼塚 雄丞  東京大学, 経済学部, 教授 (00028052)
INTRILLGATOR マイケル D.  カルホルニア大学, ロスアンジェルス校, 教授
高木 信二  大阪大学, 経済学部, 助教授 (20226749)
Project Period (FY) 1993 – 1995
Project Status Completed (Fiscal Year 1995)
Budget Amount *help
¥11,500,000 (Direct Cost: ¥11,500,000)
Fiscal Year 1995: ¥4,000,000 (Direct Cost: ¥4,000,000)
Fiscal Year 1994: ¥4,000,000 (Direct Cost: ¥4,000,000)
Fiscal Year 1993: ¥3,500,000 (Direct Cost: ¥3,500,000)
KeywordsFree Trade Area / Integration / Customs Union / NAFTA / AFTA / Risk Avoidance / EU / Global Environment / 北米自由貿易圏 / 欧州共同体 / 経済統合 / アセアン / エイペック / ナフタ / EC / 地球環境保全 / APEC
Research Abstract

The major objectives of this research project were investigation of the causes and effects of the trend of regional economic integration progressing in the global economy. The subject matters and major findings are the followings :
(1) What would be the probable future of economic integration? Would the current major economic blocks, EU,NAFTA and AFTA,be further integrated into two super economic blocks as some economists predict? Our theoretical analysis show that there are no core combination of two out of the three blocks particularly when the three are about equal sizes and, consequently, instability in formation of super-blocks would entail.
(2) Is East Asian economies less open than NAFTA and EU? Our econometric analysis shows that contrary to the widely held view, the East Asian economies are more open than NAFTA and EU.
(3) Should East Asian countries from a regional economic block? Our analysis shows that because of disparities in the stages of economic development among the coun … More tries involoved, a regionalism may not be profitable to the countries themselves.
(4) Could countries avoid risks of trade disruption by forming a regional economic block among themselves? Unexpectedly, the answer is ambiguous.Because the risk premium that a country would be willing to pay is found to be not directly related to the income level of the country.Farther theoretical analysis is being pursued.
(5) How do stock piling, protection of domestic industries and economic integration interrelated? Our analysis develops various economic models on this subject. It also analyzes the effects on economic integration of the presence of international public goods.
(6) International externalities are factors that must be considered in an economic integration. Our analysis shows that the importance of recognizing the difference between reciprocal and unilateral externalities. For example, the widely supported proposal for the global carbon tax of an equal rate to avoid the global warming is incorrect because the global warming is a case of reciprocal externality. Less

Report

(3 results)
  • 1995 Final Research Report Summary
  • 1994 Annual Research Report
  • 1993 Annual Research Report
  • Research Products

    (62 results)

All Other

All Publications (62 results)

  • [Publications] Hirofumi Shibata: "Intrinsic Instability of Customs Unions" Discussion Paper, Ritsumeikan University. (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: "Doubtful Merits of Equal-rate Pigovian Taxes and Tradable Permits in Controlling Global Pollution" The Economics of Pollution Control in the Asian Pacific Edited by R. Mendelsohn & Daigee Shaw Edward Elgar Publishing Ltd. U. K.(1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: "The Budget minimizing Bureaucrat" Macroeconomic Dimension of Public Finance Edited by M. J. Blejer & T. M. Ter-Minassian Roulledge, New York. (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata & Arvind Panagariya: "Defense Expenditures, International Trade and Welfare is General Equilibrium" International Economic Review (Revision Requested).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata & Martin C. McGuire: "Protection Domestic Industries vs. Defense against Trade Disruptions" Journal of Conflict Resolution (Pending).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "International Public Goods and Risks of Emergence" University of Tokyo Working Paper. (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Martin C. McGuire: "The Distribution of Welfare when Providing for Adversity" Discussion Paper (University of California Irvine).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hiro Lee & David Roland-Holst: "Trade Liberalization and Actor Market Adjustment in the Pacific Basin" Prelude to the Pacific Century : Economic Cooperation and Development in the Pacific Basin Cambridge University Press. (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Arvind Panagariya: "Should East Asia Go Regional?" The World Bank Working Paper. (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshiro Ihori: "A Theoretical Analysis of Economic Integration and Transfers : International Public Goods and Evaruance" Discussion Paper (The University of Tokyo). (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hiro Lee & Brian Woodhall: "A Free Trade Area in the Asian Pacific" The Economics of Pollution Control in The Asian Pacific, R. Mendelsohon & D. Shaw, eds.(1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Martin C. McGuire: "International Property Structure and Equilibrium of Economic Club and Rent Seeking Model" Working Paper (University of California, Irvine). (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Economic Integration of Countries with International Public Goods" Journal of the Japanese and International Economies. (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Intergenerational Transfers and Economic Growth with Alternative Bequest Motives" Journal of the Japanese and International Economies. (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Immiserizing Growth with Interregional Externalities" Regional Science and Urban Economics. (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Alliance Protection against Emergency and Welfare" Discussion Paper (Osaka University). (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "International Public Goods and Contribution Productivity Differentials" Discussion Paper (University of Yokyo). (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Kenzo Abe & Laixun Zhao: "International Joint Ventures and Economic Iteration" Discussion Paper (Osaka City University). (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Sumana Dhar & Arvind Panagariya: "Is East Asia Less Open then North America & EEC" Working paper in International Economics Center for International Economics, University of Maryland. (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] 柴田 弘文: "外部性:理論と政策 日経:日本経済事典第17章" 日本経済新聞社, (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] 柴田 弘文: "環境経済学" 東京経済新聞社, (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshiro Ihori: "Public Finance in an Overlaying Generation Economy" Macmillan Press Ltd. U. K., (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: "Intrinsic Instability of Customs Unions" Discussion Paper, Ritsumeikan University.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: "Doubtful Merits of Equal-rate Pigovian Taxs and Tradable Permits in Controlling Global Pollution" The Economics of Pollution Control in the Asian Pacific Edited by R.Mendelsohn & Daigee Shaw Edward Elgar Publishing Ltd.U.K.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: "The Budget minimizing Bureaucrat" Macroeconomic Dimension of Public Finance Edited by M.J.Blejer & T.M.Ter-Minassian Roulledge, New York.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata & Arvind Panagariya: "Defense Expenditures, International Trade and Welfare is General Equilibrium" International Economic Review (Revision Requested).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata & Martin C.McGuire: "Protection Domestic Industries vs.Defense against Trade Disruptions" Journal of Conflict Resolution (Pending).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "International Public Goods and Risks of Emergence" University of Tokyo Working Paper.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Economic Integration of Countries with International Public Goods" Journal of the Japanese and International Economies.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Intergenerational Transfers and Economic Growth with Alternative Bequest Motives" Journal of the Japanese and International Economies.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Immiserizing Growth with Interregional Externalities" Regional Science and Urban Economics.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Alliance Protection against Emergency and Welfare" Discussion Paper (Osaka University).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshiro Ihori: "International Public Goods and Contribution Productivity Differentials" Discussion Papar (University of Tokyo).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Kenzo Abe & Laixun Zhao: "International Joint Ventures and Economic Interaction" Discussion Papar (Osaka City University).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Martin C.McGuire & Gary S.Becker: "The Distribution of Welfare when Providing for Adversity" Discussion Paper (University of California Irvine).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hiro Lee & David Roland-Holst: "Trade Lib eralization and Actor Market Adjustment in the Pacific Basin" Prelude to the Pacific Century : Economic Cooperation and Development in the Pacific Basin Cambridge University Press.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Arvind Panagariya: "Should East Asia Go Regional?" The World Bank Working Paper.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshiro Ihori: "A Theoretical Analysis of Economic Integration and Transfers : Internatio Public Goods and Evaruance" Discussion Paper (The University of Tokyo).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hiro Lee & Brian Woodhall: "A Free Trade Area in the Asian Pacific" The Economics of Pollution Control in The Asian Pacific R Mendelsohon & D.Shaw, eds.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Martin C.McGuire: "International Property Structure and Equilibrium of Economic Club and Rent Seeking Model" Working Paper (University of California, Irvine).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Sumana Dhar & Arvind Panagariya: "Is East Asia Less Open then North America & EEC" Working Paper in International Economics Center for International Economics, University of Maryland.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: Nippon Keizai Shinbunsha. Externality : Theory and Policies Nikkei : Japanese Economic Dictionary,

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Hirofumi Shibata: Toyokeizai Shimpo Sha. Economics of Environment,

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: Macmillan Press Ltd.U.K.Public Finance in an Overlaying,

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1995 Final Research Report Summary
  • [Publications] Toshihiro Ihori: "Economic Integration of Countries with International Public Goods" Journal of the Japanese and International Economies. 8. 530-550 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] Toshihiro Ihori: "Intergenerational Transfers and Economic Growth with Alternative Bequest Motives" Journal of the Japanese and International Economies. 8. 329-342 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] Thoshihiro Ihori: "Immiserizing Growth with Interregional Externalities" Regional Science and Urban Economics. 24. 485-496 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] Toshihiro Ihori: "Alliance Protection against Emergency and Welfare" 1-15 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] Toshihiiro Ihori: "International Public Goods and Contribution Productivity Differentials" Discussion Paper(University of Tokyo).

    • Related Report
      1994 Annual Research Report
  • [Publications] Kenzo Abe & Laixun Zhao: "International Joint Ventures and Economic Integration"

    • Related Report
      1994 Annual Research Report
  • [Publications] Hirofumi Shibata: "Intrinsic Instability of Customs Unions"

    • Related Report
      1994 Annual Research Report
  • [Publications] Hirofumi Shibata: "Doubtful Merits of Equal-rate Pigovian Taxes and Tradable Permit in Controlling Global Pollution"

    • Related Report
      1994 Annual Research Report
  • [Publications] Hirofumi Shibata & Arvind Panagariya: "Defense Expenditures,International Trade and Welfare is General Equilibrium" International Economic Review (Revision Requested).

    • Related Report
      1994 Annual Research Report
  • [Publications] Hirofumi Shibata & Martin C.Mcguire: "Protection Domestic Industries vs.Defense against Trade Disruptions" Journal of Conflict Resolution(Pending).

    • Related Report
      1994 Annual Research Report
  • [Publications] Toshihiro Ihori: "Alliance Protection Against Emergency and Welfare"

    • Related Report
      1994 Annual Research Report
  • [Publications] Thoshihiro Ihori: "International Public Goods and Risks of Emergency" University of Tokyo Working Paper. (1995)

    • Related Report
      1994 Annual Research Report
  • [Publications] Martin McGuire & Gary S.Becker: "The Distribution of Welfare when Providing for Adversity"

    • Related Report
      1994 Annual Research Report
  • [Publications] Hiro Lee & David Roland-Holst: "Trade Liberalization and actor Market Adjustment in the Pacific Basin" OECD Working Paper.

    • Related Report
      1994 Annual Research Report
  • [Publications] Hirofumi Shibata & Martin c.Mcguire: "Protection Domestic Industries vs Defense against Trade Disruptions" Journal of Conflict Resolution. (未定).

    • Related Report
      1993 Annual Research Report
  • [Publications] Hirofumi Shibata & Arvind Panagariya: "Defence Expenditures, International Trade and Welfare is General Equilibrium" International Economic Review. (未定).

    • Related Report
      1993 Annual Research Report
  • [Publications] Hiro Lee & David Roland-Holst: "Trade Liberalization and Factor Market Adjustment in the Pacific Basin" OECD Working Paper.

    • Related Report
      1993 Annual Research Report
  • [Publications] Toshihiro Ihori: "International Public Goods and Risks of Emergency" University of Tokyo Working Paper.

    • Related Report
      1993 Annual Research Report

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Published: 1993-04-01   Modified: 2021-04-07  

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