2010 Fiscal Year Final Research Report

Game Theoretic Simulation Analysis of Economic and Environmental Relations Using Link Model between China, Japan, Korea and the US

Research Project

Project/Area Number	20530223
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Applied economics
Research Institution	Kyoto Gakuen University
Principal Investigator	OZAKI Taiyo Kyoto Gakuen University, 経済学部, 教授 (00160846)
Project Period (FY)	2008 – 2010
Keywords	計量経済モデル / アジアリンクモデル / forward looking
Research Abstract	We developed the Asian Mini-International Econometric Model including China, Korea, the US and Japan. The model has many features such as bilateral trade models and the rational expectation. We analyzed effects caused by unprecedented fiscal expansion of each country after 2008 and changes in exchange rate and oil price. China and Korea can be affected much from the fiscal expansion in the US and Japan, however, reverse extension do not occur. Rise in oil price will bring large reduction in GDP in highly energy consuming countries such as China and the US.