Economic Impact of Neighboring Countries on Economic Growth: An Application of the Gravity Model to Economic Growth
| Project/Area Number |
22K01492
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Review Section |
Basic Section 07040:Economic policy-related
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| Research Institution | Ritsumeikan Asia Pacific University |
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Principal Investigator |
金 相鎬 立命館アジア太平洋大学, アジア太平洋学部, 教授 (20635461)
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| Project Period (FY) |
2022-04-01 – 2027-03-31
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| Project Status |
Granted (Fiscal Year 2023)
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| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2026: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2025: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2024: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2023: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2022: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | economic growth / transmission of growth / economic convergence / spatial econometrics / economic synchronization / gravity of growth / flying geese model / Asian growth / gravity theory |
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| Outline of Research at the Start |
By applying the gravity theory to economic growth, this research attempts to develop an empirical model that incorporates economic impact of neighboring countries on economic growth of a country and apply it to a panel of world countries to estimate the neighboring impact empirically.
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| Outline of Annual Research Achievements |
In AY 2023, I constructed a unique dataset of the near economic center (NEC) of a European country and combining it with the Penn World Tables database. By using the dataset, I drafted out a working paper: transmission of economic growth between neighboring countries in Europe. The study shows a country’s growth has a significantly positive impact on its neighboring countries. However, the impact is transitionary without affecting the steady-state growth rate of a country significantly. I also presented my two working papers at three international conferences to disseminate them.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
My research is progressing as expected. I have worked to draft out the second paper by constructing a dataset following the one I have constructed in AY 2022. I used it to produce the second paper in AY 2023. This is exactly the progress I expected and planned.
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| Strategy for Future Research Activity |
AY 2024, I will continue to revise and submit the papers I drafted in AY 2022-2023 to an academic journal for possible publication. I will use the dataset I constructed in AY 2022 to investigate “Is economic impact of a country on its neighboring countries in Asia permanent?" By applying the model I developed in AY2023, I will implement this year’s research to revisit the economic impact of a country on its neighboring countries in Asia. This would fulfill my initial research plan for AY 2024.
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Report
(2 results)
Research Products
(5 results)
