Comparing the economic impacts of Asian integration by computational simulation analysis
Kazunobu Hayakawa (),
Kenmei Tsubota and
No 567, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)
The Geographical Simulation Model developed by IDE-JETRO (IDE-GSM) is a computer simulation model based on spatial economics. IDE-GSM enables us to predict the economic impacts of various trade and transport facilitation measures. Here, we mainly compare the prioritized projects of the Master Plan on ASEAN Connectivity (MPAC) and the Comprehensive Asia Development Plan (CADP). MPAC focus on specific hard or soft infrastructure projects that connect one ASEAN member state to another while the CADP emphasizes the importance of economic corridors or linkages between a large cluster and another cluster. As compared with MPAC projects, the simulation analysis shows that CADP projects have much larger positive impacts on ASEAN countries.
Keywords: Asia; International economic integration; Regional economic cooperation; Economic geography; Spatial economics; Economic integration; ASEAN; Simulation analysis (search for similar items in EconPapers)
JEL-codes: F15 O53 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-geo, nep-ppm and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 567. 2016-03-01
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