Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models
The Japanese government has been actively involved in so-called mega Free Trade Agreements (FTAs). The purpose of this paper is to measure the potential impact of the Japan–China–USA Free Trade Agreement (JCUFTA) on Japan; in particular, on the Japanese agricultural sector using static and dynamic G...
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Collaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi)
2021
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oai:doaj.org-article:ebc69902cc5d4b369f04766c386cebfd2021-12-03T06:58:50ZEconomic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models2149-9748https://doaj.org/article/ebc69902cc5d4b369f04766c386cebfd2021-12-01T00:00:00Zhttp://www.jital.org/index.php/jital/article/view/252https://doaj.org/toc/2149-9748The Japanese government has been actively involved in so-called mega Free Trade Agreements (FTAs). The purpose of this paper is to measure the potential impact of the Japan–China–USA Free Trade Agreement (JCUFTA) on Japan; in particular, on the Japanese agricultural sector using static and dynamic GTAP models. When tariffs are eliminated between Japan, the USA and China, the GDPs of the three countries will all increase, but the impact on the GDPs of the three countries is less than 1% in both static and dynamic models. The results also show that the total value of agricultural production in Japan is expected to decline by more than 10%.Hirokazu AkahoriShun HasegawaDaisuke SawauchiYasutaka YamamotoCollaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi)articlefree trade agreementjapan; global trade analysis project; cgeSocial SciencesHENJournal of International Trade, Logistics and Law, Vol 7, Iss 2, Pp 59-66 (2021) |
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free trade agreement japan; global trade analysis project; cge Social Sciences H |
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free trade agreement japan; global trade analysis project; cge Social Sciences H Hirokazu Akahori Shun Hasegawa Daisuke Sawauchi Yasutaka Yamamoto Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
description |
The Japanese government has been actively involved in so-called mega Free Trade Agreements (FTAs). The purpose of this paper is to measure the potential impact of the Japan–China–USA Free Trade Agreement (JCUFTA) on Japan; in particular, on the Japanese agricultural sector using static and dynamic GTAP models. When tariffs are eliminated between Japan, the USA and China, the GDPs of the three countries will all increase, but the impact on the GDPs of the three countries is less than 1% in both static and dynamic models. The results also show that the total value of agricultural production in Japan is expected to decline by more than 10%. |
format |
article |
author |
Hirokazu Akahori Shun Hasegawa Daisuke Sawauchi Yasutaka Yamamoto |
author_facet |
Hirokazu Akahori Shun Hasegawa Daisuke Sawauchi Yasutaka Yamamoto |
author_sort |
Hirokazu Akahori |
title |
Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
title_short |
Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
title_full |
Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
title_fullStr |
Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
title_full_unstemmed |
Economic Impact of the Japan–China–USA Free Trade Agreement on Japan using both Static and Dynamic GTAP Models |
title_sort |
economic impact of the japan–china–usa free trade agreement on japan using both static and dynamic gtap models |
publisher |
Collaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi) |
publishDate |
2021 |
url |
https://doaj.org/article/ebc69902cc5d4b369f04766c386cebfd |
work_keys_str_mv |
AT hirokazuakahori economicimpactofthejapanchinausafreetradeagreementonjapanusingbothstaticanddynamicgtapmodels AT shunhasegawa economicimpactofthejapanchinausafreetradeagreementonjapanusingbothstaticanddynamicgtapmodels AT daisukesawauchi economicimpactofthejapanchinausafreetradeagreementonjapanusingbothstaticanddynamicgtapmodels AT yasutakayamamoto economicimpactofthejapanchinausafreetradeagreementonjapanusingbothstaticanddynamicgtapmodels |
_version_ |
1718373906498191360 |