The Impact of Japanese Economic Cooperation on Asian Economic Development

Kenichi Kawasaki
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Kenichi Kawasaki: Research Institute of Economy, Trade and Industry, Tokyo, Japan

Chapter 16 in Computable General Equilibrium Approaches in Urban and Regional Policy Studies, 2006, pp 357-379 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe main objective of this paper is to overview the developments of Japan's ODA and assess, in a quantitative manner, their economic impacts on Asian countries. The benefits of two alternative measures — one from capital formation by Japan's ODA loans and the other from import liberalization in the Japanese market — are compared. Those economy-wide impacts of aid and trade on six Asian countries — China, Indonesia, Malaysia, the Philippines, Thailand, andVietnam—are estimated by a CGE model of global trade, incorporating a certain mechanism of dynamic capital formation. Japan's ODA loans are effective for economic growth in the countries. Real GDP gains range from 0.1 to 1.6% annually. Trade liberalization is efficient to improve economic welfare. Utility gains range from 0.2 to 1.9%, which exceed those on account of Japan's ODA. Variations in those economic impacts are much more significantly observed when examined by sector.

Keywords: Computable General Equilibrium (CGE) Model; Social Accounting Matrix (SAM); Urban and Regional Policies (or Urban and Regional Policy Evaluation); Each Industry's Market Clearance; Structural and Long-Term Policy Impacts (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Date: 2006
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