scholarly journals Economic Impact of Information Industry Development and Investment Strategy for Information Industry

2021 ◽  
Vol 29 (1) ◽  
pp. 22-43
Author(s):  
Boqiang Lin ◽  
Zhijie Jia ◽  
Malin Song
Keyword(s):  
Economic Impact ◽  
Computable General Equilibrium ◽  
Service Industry ◽  
Commodity Prices ◽  
Investment Strategy ◽  
Computable General Equilibrium Model ◽  
Information Industry ◽  
Industry Development ◽  
Digital Revolution ◽  
Software Products

The information industry leads the digital revolution and innovation. With regards to what economic impact the development of the industry will bring about, there has been minimal focus from literature. This paper fills the knowledge gap by using a dynamic computable general equilibrium model. The results show the development will rapidly promote economic development and social welfare, promote the reduction of commodity prices and the rise of output by providing higher social productivity. Finance, public service, and some traditional industry (such as electricity) will benefit more when the information industry develops rapidly. At present, the industry development of the information industry is more directed at the service industry and final consumption. This paper implies the information industry can strengthen R&D investment towards supporting finance, public services and traditional industries, such as industrial control embedded software products, cloud computing technology, and emergency communication for traditional industries to increase the income.

scholarly journals Impact assessment and a fiscal recovery policy for tsunami risk: GIS and the general equilibrium approach in Hakodate city, Japan

2020 ◽  
pp. 239980832097786
Author(s):  
Hajime Tanaka ◽  
Michael C Huang
Keyword(s):  
Information System ◽  
Geographic Information System ◽  
General Equilibrium ◽  
Impact Assessment ◽  
Economic Impact ◽  
Food Processing ◽  
Computable General Equilibrium ◽  
Investment Strategy ◽  
Geographic Information ◽  
Evidence Based

Given Japan’s substantial exposure to many kinds of natural hazards, such as earthquakes, tsunamis, and typhoons, it has been a priority to invest in resilience, guided by evidence-based modeling. In 2011, the Great East Japan Earthquake and Tsunami became the costliest natural disaster ever recorded. This study applied a geographic information system using assumed tsunami-affected data calibrated in a recursive computable general equilibrium model to perform an economic impact assessment and an estimated recovery budget. We simulated 100 years of tsunamis and a 10-year sectoral recovery package for the sectors related to the ocean economy, such as kelp, net fishery, squid, other fisheries, food processing, and recreation, with a capital-use subsidy policy regarding investment strategy. We found that the aqua sector is incredibly vulnerable and would not recover with the capital-use subsidy within Hakodate City’s financial capability. Nevertheless, the recovery policy could still ease output price changes. On the other hand, the recreation sector could recover to pre-disaster conditions, but at huge fiscal and social costs. Meanwhile, the food processing sector’s recovery could generate social benefits and have a spillover effect on other fisheries sectors. The application of geographic information system in tsunami-prone areas could strengthen the precision of economic analysis. Such evidence-based modeling could visualize the economic impact to assist policymakers and stakeholders in foreseeing disaster risk and implementing more effective building resilience measures.

Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

2013 ◽  
Vol 12 (2) ◽  
pp. 144-164 ◽  
Author(s):  
Inkyo Cheong ◽  
Jose Tongzon
Keyword(s):  
Economic Impact ◽  
Economic Integration ◽  
Computable General Equilibrium ◽  
Trade Agreement ◽  
The United States ◽  
Computable General Equilibrium Model ◽  
Asia Pacific ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper estimates the net economic impact of these initiatives by eliminating the overlapping portions of free trade agreement–related economic gains through the use of a dynamic computable general equilibrium model. The paper analyzes the economic and political feasibility of these two initiatives and assesses their economic impacts. Finally, the paper provides implications for economic integration in East Asia based on a quantitative assessment.

ECONOMIC IMPACT OF SUBSIDY POLICIES TO ELECTRIC VEHICLE SOCIETY IN TOYOHASHI CITY IN JAPAN — A CGE-MODELING APPROACH

2018 ◽  
Vol 63 (02) ◽  
pp. 409-429 ◽  
Author(s):  
YUZURU MIYATA ◽  
HIROYUKI SHIBUSAWA ◽  
TOMOAKI FUJII
Keyword(s):  
Economic Impact ◽  
Electric Vehicle ◽  
Computable General Equilibrium ◽  
Energy Use ◽  
Solar Power ◽  
Ferrous Metal ◽  
Commodity Prices ◽  
Modal Shift ◽  
Modeling Approach ◽  
Cge Modeling

In this paper, we explore the economic impact of promotion and realization of an electric vehicle society (EVS). More concretely, this paper emphasizes a computable general equilibrium (CGE) modeling approach to evaluate the following issues: economic impacts of subsidies for promotion of an EVS, the possibility of price reductions, industrial structure change toward an EVS, and modal shift occurring toward an EVS. Our simulation results demonstrate that after applying 5–25% up subsidies to five industries, such as electric vehicle (EV) manufacturing, EV transport, solar power, cogeneration and other transport, the total industrial output and city GDP increase. A large growth rate is found in industries where subsidies are introduced alone with non-ferrous metal industry. However, it is interesting that decreasing proportions are found in oil and coal product, mining, heat supply and gasoline vehicle (GV) transport industries. Moreover, all the commodity prices decrease since subsidies are given to some industries. Hence Toyohashi City’s economy shows a direction where the demand for conventional vehicles and energy use are decreased, conversely, the demand for EVs and renewable energy are increased illustrating a different life style from the current one. However, it does not mean that the total CO2 emission is decreased. EV society makes some industrial outputs larger. Due to the fact that some industrial outputs are increased, CO2 emissions of EV manufacturing and nonferrous metal are increased more than decreased industries. Thus, introducing 5–25% subsidies to EV manufacturing, EV transport, solar power, cogeneration and other transport can really represent a realistic alternative society to EVS if the total CO2 emission can be reduced. Therefore, we have to think what can make the total CO2 emission reduced.

scholarly journals IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY

2014 ◽  
Vol 32 (61) ◽  
Author(s):  
Mauricio Vaz Lobo Bittencourt
Keyword(s):  
Trade Policy ◽  
Computable General Equilibrium ◽  
National Income ◽  
Commodity Prices ◽  
Computable General Equilibrium Model ◽  
Trade Theory ◽  
Import Tariff ◽  
Factor Endowments ◽  
Trade Model ◽  
Balance Of Trade

This paper examines the effects of agricultural and nonagricultural trade policy changes in the Brazilian economy using a computable general equilibrium model (CGE). An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem (SST) holds after having a trade barrier removed and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. Reduction in import tariff increases national income, which implies that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable economic growth. Further, our results show that changes in relative factor prices in Brazil depend not only on changes in commodity prices, as in the SST, but also on changes in the balance of trade and factor endowments. This study mainly proposed to verify a specific result from a theoretical trade model, which makes important to stress the carefulness about the empirical results obtained to the Brazilian trade policies.

scholarly journals Estimating the economic impact of large hydropower projects: a dynamic multi-regional computable general equilibrium analysis

Water Policy ◽  
2021 ◽  
Author(s):  
Hongzhen Ni ◽  
Jing Zhao ◽  
Xiujian Peng ◽  
Genfa Chen
Keyword(s):  
General Equilibrium ◽  
Economic Impact ◽  
Computable General Equilibrium ◽  
Computable General Equilibrium Model ◽  
Chinese Economy ◽  
Environmental Benefits ◽  
Equilibrium Analysis ◽  
Baseline Scenario ◽  
Real Wages ◽  
Hydropower Development

Abstract In response to rapidly growing energy demands, Chinese authorities plan to invest more in hydropower development. However, there are concerns about the possible effects on macroeconomy. This paper uses SinoTERM, a dynamic multi-regional computable general equilibrium model (CGE) of the Chinese economy, to analyze the economic impact of large hydropower development projects. The model features regional labor market dynamics and an electricity subdivision module with substitutability between various types of electricity generation. The results suggest that hydropower development will boost economic growth in the project region. Most sectors in the project region will benefit from the hydropower development such as other services, health, and education, while some sectors will suffer a loss in output because of the substantial increase in real wages. For the national, every 10,000 yuan investment can drive the national GDP growth of 1,000 yuan, and the cost is expected to be recovered in ten years. By the end of 2040, the real national wage will be around 0.16% higher than the baseline scenario. The project could only be justified if net environmental benefits outweigh this loss.

scholarly journals The economic impact of climate-driven changes in water availability in Switzerland

Water Policy ◽  
2015 ◽  
Vol 17 (5) ◽  
pp. 848-864 ◽  
Author(s):  
Anne-Kathrin Faust ◽  
Camille Gonseth ◽  
Marc Vielle
Keyword(s):  
Climate Change ◽  
Economic Impact ◽  
Water Availability ◽  
Computable General Equilibrium ◽  
Water Distribution ◽  
Computable General Equilibrium Model ◽  
Production Factor ◽  
Climate Change Scenarios ◽  
Raw Water ◽  
Water Losses

The broad objective of this study is to estimate the economic impact of changes in water availability due to climate change in Switzerland with a 2050 time horizon. To do so, the sectoral structure of the computable general equilibrium model GEMINI-E3 is being extended. Raw water resources are introduced as a production factor into the model and a drinking water distribution sector is specified for Switzerland to allow for a precise analysis of the economic consequences of restricted water supply. Predictions of water availability in 2050 are taken from a hydrological model and alternative climate change scenarios are considered. Simulations show possible restrictions in water resource availability to increase raw water prices substantially compared to the baseline. However, the global economic impact for Switzerland is rather small due to the low price of raw water in Switzerland and its small value in the benchmark scenario. Finally, the simulation of scenarios featuring alternative levels of endogenous adaptive capacity of the economy highlights the importance of the ability to reduce water losses and to transform production processes to decrease their water intensity in determining the extent of welfare losses provoked by a decrease in water availability.

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