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

Yinhua Mai

No 331316, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

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. The MMC model has been used to analyse the effects of a bilateral free trade agreement between Australia and China.

Keywords: Research Methods/Statistical Methods; International Relations/Trade (search for similar items in EconPapers)
Pages: 26
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331316

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