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An Economic Derivation on Trade Coefficients under the Framework of Multi-regional I-O Analysis

Author

Listed:
  • Meng, Bo
  • Ando, Asao

Abstract

The gravity model, entropy model, potential type model and others like these have been adopted to formulate interregional trade coefficients under the framework of Multi-Regional I-O (MRIO) analysis. Since most of these models are based upon analogies in physics or on statistical principles, they do not provide a theoretical explanation from the view of a firm's or individual's rational and deterministic decision making. In this paper, according to the deterministic choice theory, not only is an alternative formulation of the trade coefficients presented, but also a discussion of an appropriate definition for purchasing prices indices. Since this formulation is consistent with the MRIO system, it can be employed as a useful model-building tool in multi-regional models such as the spatial CGE model.

Suggested Citation

  • Meng, Bo & Ando, Asao, 2005. "An Economic Derivation on Trade Coefficients under the Framework of Multi-regional I-O Analysis," IDE Discussion Papers 29, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper29
    as

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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=38136&item_no=1&attribute_id=22&file_no=1
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    Citations

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    Cited by:

    1. Ando, Asao & Meng, Bo & Chao, Qu, 2009. "Trade Coefficients and the Role of Elasticity in a Spatial CGE Model Based on the Armington Assumption," IDE Discussion Papers 204, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Erasmia Valma, 2014. "Estimation of Interregional Trade Coefficients and Multipliers in the Context of An Interregional Model," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 101-118.
    3. Asao Ando & Bo Meng, 2019. "Spatial Price Equilibrium And The Transport Sector: A Trade‐Consistent Scge Model," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 31(3), pages 234-256, November.

    More about this item

    Keywords

    Trade coefficients; Multi-regional; Input-output tables; Armington assumption; Regional economic cooperation; Trade problem; 産業連関表; 域内経済協力; 貿易問題;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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