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Comparing the economic impacts of Asian integration by computational simulation analysis

Author

Listed:
  • Isono, Ikumo
  • Kumagai, Satoru
  • Hayakawa, Kazunobu
  • Keola, Souknilanh
  • Tsubota, Kenmei
  • Gokan, Toshitaka

Abstract

The Geographical Simulation Model developed by IDE-JETRO (IDE-GSM) is a computer simulation model based on spatial economics. IDE-GSM enables us to predict the economic impacts of various trade and transport facilitation measures. Here, we mainly compare the prioritized projects of the Master Plan on ASEAN Connectivity (MPAC) and the Comprehensive Asia Development Plan (CADP). MPAC focus on specific hard or soft infrastructure projects that connect one ASEAN member state to another while the CADP emphasizes the importance of economic corridors or linkages between a large cluster and another cluster. As compared with MPAC projects, the simulation analysis shows that CADP projects have much larger positive impacts on ASEAN countries.

Suggested Citation

  • Isono, Ikumo & Kumagai, Satoru & Hayakawa, Kazunobu & Keola, Souknilanh & Tsubota, Kenmei & Gokan, Toshitaka, 2016. "Comparing the economic impacts of Asian integration by computational simulation analysis," IDE Discussion Papers 567, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper567
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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=37617&item_no=1&attribute_id=22&file_no=1
    File Function: First version, 2016
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    Citations

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    Cited by:

    1. Kumagai, Satoru & Isono, Ikumo & Hayakawa, Kazunobu, 2018. "Economic impacts of high-speed rail between Kuala Lumpur and Singapore : an application of IDE-GSM," IDE Discussion Papers 700, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Kumagai, Satoru & Gokan, Toshitaka & Tsubota, Kenmei, 2021. "Corridor Developments for Transforming Central Asia," ADBI Working Papers 1270, Asian Development Bank Institute.

    More about this item

    Keywords

    Asia; International economic integration; Regional economic cooperation; Economic geography; Spatial economics; Economic integration; ASEAN; Simulation analysis;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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