Welfare gains through globalization: Evidence from Japan's manufacturing sector

Takahide Aoyagi, Tadashi Ito, Toshiyuki Matsuura

研究成果: Article査読

抄録

Welfare gains achieved through international trade are a cornerstone of the literature on international economics. However, the data and research methods needed to empirically assess these welfare gains have only recently become available. Building on recently developed methodologies for estimating the elasticity of substitution and computing welfare gains from trade, we estimate Japan's welfare gains from liberalizing trade in the manufacturing sector. To do so, we estimate the elasticities of substitution using Japanese customs data at Harmonized System (HS) 9-digit product codes. The analysis shows that Japan's welfare gains from trade liberalization occurred especially from the end of the 1990s onward, and reached 16 percent vis-à-vis the autarky situation.

本文言語English
論文番号101193
ジャーナルJournal of The Japanese and International Economies
64
DOI
出版ステータスPublished - 2022 6月

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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