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Economic impacts of economic corridors in Mongolia : an application of IDE-GSM

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  • Kumagai, Satoru
  • Gokan Toshitaka
  • Keola, Souknilanh

Abstract

In this paper, we tried to estimate the economic impacts of the Central Asia Regional Economic Cooperation (CAREC) Economic Corridor 4a, 4b, and 4c projects, which enhance the connectivity between Mongolia and its surrounding countries, using a computational general equilibrium model based on spatial economics. The estimation results show that the economic impacts for Corridor 4b, which connects China and Russia through Ulaanbaatar, the capital of Mongolia, are the highest compared with the other two corridors. Apart from Mongolia, Corridor 4b also economically impacts China, EU, and Russia; thus, cooperation among these four parties might be a suitable arrangement for development. The evaluation of large-scale economic development of corridors is not very easy without proper evaluation tools.

Suggested Citation

  • Kumagai, Satoru & Gokan Toshitaka & Keola, Souknilanh, 2018. "Economic impacts of economic corridors in Mongolia : an application of IDE-GSM," IDE Discussion Papers 701, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper701
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    References listed on IDEAS

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    More about this item

    Keywords

    Mongolia; Simulation; New economic geography; Regional economic cooporarion; International economic relations;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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