The International Economy
Online ISSN : 1884-4367
Print ISSN : 2186-6074
ISSN-L : 1884-4367
Volume 2011 , Issue 15
Showing 1-8 articles out of 8 articles from the selected issue
Commemorative Symposium of the 60th Anniversary of the founding of the JSIE [New Phase of the Asian Economies-Three Years after the Financial Crisis]
2010 JSIE-Kojima Kiyoshi Prize Lectures:
  • Masayuki Okawa
    2012 Volume 2011 Issue 15 Pages 48-56
    Published: 2012
    Released: July 24, 2012
    JOURNALS FREE ACCESS
    We set up a simple two sector, two factor Harris-Todaro model in which home and foreign duopolists compete in a Cournot-Nash way in the urban sector, while the rural sector is perfectly competitive. We introduce a cost asymmetry between home and foreign firms and a spillover of production technology from the foreign firm to the home firm. We then study the effects of the production subsidy/tax policy of the government for the duopolists on the urban unemployment, migration between urban and rural sectors and the welfare of the host country. JEL Classification: F11, F12, F16
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  • Yasuyuki Sawada
    2012 Volume 2011 Issue 15 Pages 57-74
    Published: 2012
    Released: July 24, 2012
    JOURNALS FREE ACCESS
    In this paper, we discuss how development assistance has been and should be designed in achieving development goals from views of Japan and East Asia. In pursuing successful ODA under the ODA governance structure, there are three necessary conditions: first, the aid allocation should be consistent with the global poverty targeting framework; second, ODA as a mode of capital inflows should be the one facilitating the recipients’ efforts and growth directly and indirectly; and third, aid governance should be designed to minimize transaction costs arising from aid proliferation. In achieving these three conditions, experiences of Japan and East Asia in providing ODA in an apolitical way to align international agendas, in utilizing loans to develop infrastructure, and in achieving borrowed technology-driven industrialization with rapid human capital accumulation, will provide important insights into setting future global development policies. Also, the “ODA Trinity”, i.e., complementarities between ODA, FDI, and economic growth, are the key in the next generation’s ODA policies. Finally, ODA can play an important role in facilitating regional cooperation in disaster management, because it is imperative to develop formal mechanisms across countries to diversify aggregate disaster risks.
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  • Shujiro Urata
    2012 Volume 2011 Issue 15 Pages 75-95
    Published: 2012
    Released: July 24, 2012
    JOURNALS FREE ACCESS
    This paper analyzes the impacts of free trade agreements (FTAs) from both quality and quantity aspects. The qualitative analysis of FTAs in terms of trade in goods, trade in services, direct investment and safeguard measures showed higher level of liberalization for FTAs involving developed countries than developing countries. The analysis of the quantitative effects showed a trade expansion effect for many FTAs. The analysis found various obstacles, which include high cost of obtaining a certificate of origin and low FTA preferential tariff margins, for using FTAs. The obstacles have to be removed, in order to increase the use of FTAs, thereby to promote foreign trade.
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Articles:
  • Kojun Hamada
    2012 Volume 2011 Issue 15 Pages 96-105
    Published: 2012
    Released: July 24, 2012
    JOURNALS FREE ACCESS
    This paper examines whether altruism causes the transfer paradox in the model with two countries and two goods when the consumers of the donor and recipient countries have altruistic utility. We demonstrate that if the Walrasian stability condition is satisfied in the general equilibrium, the transfer paradox can never take place irrespective of the definition of utility. The result suggests that the motivation for transfer cannot be explained by the donor’s enrichment because it is not caused by the introduction of altruism into the model. JEL Classification: F11, F35
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