Japan Society for the Promotion of Science:Grants-in-Aid for Scientific Research
Date (from‐to) : 2013/04 -2016/03
Author : Lee Hiro; OTSUKI Tsunehiro; ITAKURA Ken; PLUMMER Michael G.; ROLAND-HOLST David; VAN DER MENSBRUGGHE Dominique
In October 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries announced conclusion of their negotiations. The objectives of this research are twofold. First, by using a dynamic CGE model with plausible sequences of TPP enlargements, we offer results that are highly policy relevant. Second, we examine additional effects of the TPP, namely trade-induced agricultural policy reforms in Japan and the positive impact on productivity. The results suggest that when Japan's agricultural policy reforms would result in an increase in productivity of its agricultural sectors, the extent of output contraction of agricultural and processed food sectors in the country would be reduced significantly except for dairy products. In addition, when import and export penetrations are assumed to exert a positive effect on productivity, the magnitudes of welfare gains for all the member countries increase considerably.