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Research Seminar – Estimating Spillover Effects of Asian Highway Development on Economies of Northeast Asia: Counterfactual Analysis
7 February, 2017 @ 1:00 pm - 2:00 pm
Research Seminar
Topic:
Estimating Spillover Effects of Asian Highway Development on Economies of Northeast Asia: Counterfactual Analysis
Speaker:
Prof. Euijune Kim
Professor
Department of Agricultural Economics and Rural Development
Seoul National University
Schedule:
Date: 7 February 2017 (Tuesday)
Time: 13:00-14:00
Venue: Room 829, 8/F, Knowles Building, HKU
Abstract:
We develop a Multinational Multiregional Computable General Equilibrium (MMCGE) Model that can analyze economic impacts of the Asian Highway 1 on regional economic growth of Northeast Asian countries. The growth sources from the construction of the highway originating from Korea to China via North Korea are classified into three components; (1) reduction in the travel time (cost), (2) a decrease in transportation cost per time (distance), and (3) an increase in the regional investments on border lines of Capital Area of Korea and Dongbei of China. The direct and indirect effects on economic benefits are generated through the supply and demand linkages among economic agents. Overall, the construction of missing link of Asian Highway #1 in North Korea’s section has the large effects on the GRP of Dongbei, Xibei, and Huabei in China, and Seoul Area in Korea. The simulation of the MMCGE model can provide public agents and stockholders with analytical and strategic insights into the investment efficiency, effectiveness and priority of the highway project in terms of income growth. This numerical model is expected to practically assess transportation investment programs and development strategies with the national and regional economic goals.
About the Speaker:
Dr. Euijune Kim is Professor of Regional Science and Planning in the Department of Agricultural Economics and Rural Development at Seoul National University. Professor Kim holds a PhD in Regional Science from Cornell University, and has expertise in the areas of regional economics, infrastructure policy, and CGE modelling. He has received numerous awards and prizes thanks to his crucial contribution to the regional science field, and his research outcomes have been widely published in the field’s major journals, including Papers in Regional Science, Urban Studies, and Real Estate Economics. Professor Kim was the president of the Korean Regional Science Association in 2014/15 and has served as a chief editor for the Annals of Regional Science and the International Journal of Urban Sciences.
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