1994 Fiscal Year Final Research Report Summary

Econometric Analysis of Interdependence of Asia-Pacific Countries and Macro Development Policies

Research Project

Project/Area Number	05832006
Research Category	Grant-in-Aid for General Scientific Research (C)
Allocation Type	Single-year Grants
Research Field	国際経済
Research Institution	KOBE UNIVERSITY
Principal Investigator	TOYODA Toshihisa Kobe Univ., International Cooperation Studies, Professor, 大学院・国際協力研究科, 教授 (90030668)
Project Period (FY)	1993 – 1994
Keywords	Asia-Pacific economies / global model / international transmission of economic policy / IMF and the World Bank / development aid policy
Research Abstract	The following two topics have been investigated in the current academic year : 1. We have constructed a small global econometric model with special emphasis on Asia-Pacific countries and conducted some simulation analyzes based on the model. Main macroeconomic features of eight countries or regions, which consist of Japan, North-America, Oceania, other advanced countries, Asian NIEs, ASEAN,other Asian developing countries, and the other developing countriea, have been investigated and linked through a trade linkage model. Among other results, we have found some new evidences on transmission effects of aid (or income transfer) policies from the advanced to the developing countries. 2. We have presented a macroeconomic theoretical framework to investigate the policy effects of the two main international financial institutions, IMF and the World Bank, and inquired into some main characteristics, effects and limits of their policies.