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Geographical Simulation Analysis of Economic Corridor Development in Mongolia

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  • ISONO,Ikumo
  • KUMAGAI,Satoru

Abstract

This study investigates the economic impact of developing economic corridors in Mongolia, a landlocked country struggling with severe economic challenges, including elevated distribution costs, increasing import prices, and volatile export revenues driven by fluctuating mineral prices. Using the Institute of Developing EconomiesGeographical Simulation Model (IDE-GSM), a computable general equilibrium model grounded in spatial economics, we assess the potential impacts of enhancing Mongolia’s road and rail infrastructure, alongside the combined effects of service liberalization and the reduction of nontariff barriers. The results highlight the critical role of regional cooperation, sustainable financing strategies, and bold policy reforms in strengthening Mongolia’s trade and connectivity.

Suggested Citation

  • ISONO,Ikumo & KUMAGAI,Satoru, 2025. "Geographical Simulation Analysis of Economic Corridor Development in Mongolia," IDE Discussion Papers 963, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper963
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    File URL: https://ir.ide.go.jp/record/2001301/files/IDP000963_001.pdf
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    References listed on IDEAS

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    1. Keith Head & Thierry Mayer, 2000. "Non-Europe: The magnitude and causes of market fragmentation in the EU," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(2), pages 284-314, June.
    2. Burmaa Tsogtochir & Soyoung Park, 2023. "Natural resource curse exists in Mongolia? Focusing on budget transparency in local governments," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 28(2), pages 650-663, April.
    3. Satoru Kumagai & Toshitaka Gokan & Kenmei Tsubota & Ikumo Isono & Kazunobu Hayakawa, 2021. "Economic Impacts of the US–China Trade War on the Asian Economy: An Applied Analysis of IDE-GSM," Journal of Asian Economic Integration, , vol. 3(2), pages 127-143, September.
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    More about this item

    Keywords

    Economic Corridors|Infrastructure development|Regional cooperation;

    JEL classification:

    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • F15 - International Economics - - Trade - - - Economic Integration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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