The MONASH-Multi-Country (MMC) Model and the Investment Liberalisation in China's Oil Industry

Yinhua Mai ()

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: Computable general equilibrium models have been widely applied in analysing the effects of removing tariffs. However, not nearly as much effort has been devoted to their application on investment liberalisation that is increasingly an integral part of trade liberalisation agreements. The Monash-Multi-Country (MMC) model is developed to meet such policy needs. The MMC model is an advanced dynamic CGE model with bilateral investment flows between countries/regions modelled explicitly at an industry level. This paper describes the model structure and data of the MMC model. Its application is illustrated by a simulation of a potential investment liberalisation in China's oil industry.

Keywords: China; oil industry; investment liberalisation; CGE modelling (search for similar items in EconPapers)
JEL-codes: D58 F15 F21 (search for similar items in EconPapers)
Date: 2005-10
New Economics Papers: this item is included in nep-cmp, nep-cna, nep-ene, nep-int and nep-tra
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