Geographical Simulation Analysis of Economic Corridor Development in Mongolia

Ikumo Isono and Satoru Kumagai

No 963, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: This study investigates the economic impact of developing economic corridors in Mongolia, a landlocked country struggling with severe economic challenges, including elevated distribution costs, increasing import prices, and volatile export revenues driven by fluctuating mineral prices. Using the Institute of Developing EconomiesGeographical Simulation Model (IDE-GSM), a computable general equilibrium model grounded in spatial economics, we assess the potential impacts of enhancing Mongolia’s road and rail infrastructure, alongside the combined effects of service liberalization and the reduction of nontariff barriers. The results highlight the critical role of regional cooperation, sustainable financing strategies, and bold policy reforms in strengthening Mongolia’s trade and connectivity.

Keywords: Economic; Corridors|Infrastructure; development|Regional; cooperation (search for similar items in EconPapers)
JEL-codes: F15 O18 R42 (search for similar items in EconPapers)
Date: 2025-03
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Published in IDE Discussion Paper = IDE Discussion Paper, No.963. 2025-03

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