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Trade Liberalization of the Fishery Industry of Japan

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Abstract

This paper examines the effect of the reduction of an import tariff on the Japanese fishery industry by using a computable general equilibrium model. Being against our common knowledge, our simulations with very realistic conditions show that both of the domestic consumers and the domestic fishery industry can gain by the subsidy (a negative tariff rate) policy, and also that income of the fishery industry would increase by trade liberalization when all possible linkages of economic activities are taken into account within a general equilibrium framework. Our results suggest a possible situation that there is no political conflict between the domestic fishery industry and the domestic consumer.

Suggested Citation

  • AFM Mohiuddin & Ryuta Ray Kato, 2009. "Trade Liberalization of the Fishery Industry of Japan," Working Papers EMS_2009_10, Research Institute, International University of Japan.
  • Handle: RePEc:iuj:wpaper:ems_2009_10
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    File URL: http://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2009_10.pdf
    File Function: First version, 2009
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    References listed on IDEAS

    as
    1. Toshihiro Ihori & Ryuta Ray Kato & Masumi Kawade & Shun-ichiro Bessho, 2005. "Public Debt and Economic Growth in an Aging Japan," CARF F-Series CARF-F-046, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    2. Kato, Ryuta, 1998. "Transition to an Aging Japan: Public Pension, Savings, and Capital Taxation," Journal of the Japanese and International Economies, Elsevier, vol. 12(3), pages 204-231, September.
    3. Taniguchi, Kiyoshi, 2001. "A General Equilibrium Analysis Of Japanese Rice Market Trade Liberalization," 2001 Annual meeting, August 5-8, Chicago, IL 20660, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. N/A, 1985. "General Policy," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 74-79, January.
    5. N/A, 1985. "General Policy," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 112-117, January.
    6. Hiroshi Fujiki, 2000. "Japanese Rice Market Liberalization: A Competitive Equilibrium Approach," The Japanese Economic Review, Japanese Economic Association, vol. 51(4), pages 492-518, December.
    7. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    8. Ballard, Charles L. & Fullerton, Don & Shoven, John B. & Whalley, John, 2009. "A General Equilibrium Model for Tax Policy Evaluation," National Bureau of Economic Research Books, University of Chicago Press, number 9780226036335, October.
    9. Scarf,Herbert E. & Shoven,John B., 2008. "Applied General Equilibrium Analysis," Cambridge Books, Cambridge University Press, number 9780521070935.
    10. Pantzios, Christos J. & Taylor, Timothy G., 1998. "Trade Liberalization And Japanese Agricultural Import Policies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 2), pages 1-13, December.
    11. Arief Anshory Yusuf & Djoni Hartono & Wawan Hermawan & Yayan, 2008. "AGEFIS:Applied General Equilibrium for FIScal Policy Analysis," Working Papers in Economics and Development Studies (WoPEDS) 200807, Department of Economics, Padjadjaran University, revised Oct 2008.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fishery Industry; Japan; Trade Liberalization; Import Tariff; Computable General Equilibrium Model; Simulation;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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