Computable general equilibrium analysis of economic integration and foreign direct investment

2018 Fiscal Year Final Research Report

• Project/Area Number: 16K03613
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic policy
• Research Institution: National Graduate Institute for Policy Studies
• Principal Investigator: Hosoe Nobuhiro 政策研究大学院大学, 政策研究科, 教授 (60313483)
• Project Period (FY): 2016-04-01 – 2019-03-31
• Keywords: 経済統合 / 貿易自由化 / 農業自由化

Outline of Final Research Achievements

We investigated the impacts of globalization by using a so-called computable general equilibrium (CGE) model. We examined effects of economic (dis)integration on major economic variables, such as international trade and domestic production. One of the major research output was made on the Brexit analysis, which is scheduled to take place in 2019. We quantified its impacts on the UK and the other EU 27 member states, attributing in detail to export reduction, EU budget contribution, returning migrant workers to the home countries, and trade diversions induced by free trade arrangements with other countries, such as the US and Japan.

Free Research Field

国際経済学

Academic Significance and Societal Importance of the Research Achievements

経済統合の影響を、数量的に把握するためのモデルである応用一般均衡モデルを構築した。既存のモデルとは異なり、企業の多様性や製品差別化といった最新の貿易理論を踏まえたものであり、グローバル・バリュー・チェインで密接につながる世界経済を分析することができる。また、海外直接投資や国際労働移動といった、これまではあまり注目されてこなかった分野の分析のためにも有用な応用一般均衡モデルを構築できた。