| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2011: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
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| Research Abstract |
Based on the recently released comprehensive world input-output tables (WIOD) and the newly developed price-endogenized input-choice model, we analyze the role of production network in the "Great Trade Collapse" in 2008. It is found that the large jump in trade elasticity in 2008 can hardly be attributed to the worldwide production network, but it can be systematically explained by the export price premium that is estimated at about 4 percent on average by the model.
We also analyze the structural change caused by East Asian Free Trade Agreements. An interregional input-output (I-O) model is combined with a computable general equilibrium (CGE) model to evaluate structural change. The value-added analysis suggests that East Asian FTAs are likely to strengthen decoupling in East Asia.
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