GTAP Resources: Resource Display
| GTAP Resource #850 |
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"CGE Modeling Strategies with the Nationalities of Firms: Preliminary Trial" by Kimura, Fukunari and Masahiko Tsutsumi Abstract This paper presents a preliminary trial of introducing firms' nationalities to a GTAP-based CGE model. We start the fact that the size of activities of affiliates of foreign firms is not negligible for some countries and that there exist significant behavioral differences across the nationality of firms. This part is based on the data from MITI, Japan and US Dept. of Commerce. Those data and revised GTAP data version 3.0 are used for the test simulation. Although we have not reached that far and modeling and simulation presented in this paper should be a preliminary one, our approach would provide a new way of analyzing FDI in the future. Since FDI is not only a movement of homogenous physical capital but is accompanied with the movement of firm-specific factors, the popular formulation of equalizing the rate of return on capital is not satisfactory. Our approach would provide a way of partially capturing the movement of firm-specific factors. That would lead to a new type of analysis on FDI policies. (Japanese) |
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- Calibration and parameter estimation |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instruction supplied |
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Last Modified: 9/15/2023 1:05:45 PM
