@article{Kawasaki:331385,
      recid = {331385},
      author = {Kawasaki, Kenichi},
      title = {The Sectoral and Regional Implications of Trade  Liberalization},
      address = {2005},
      pages = {26},
      year = {2005},
      note = {Presented at the 8th Annual Conference on Global Economic  Analysis, Lübeck, Germany},
      abstract = {This paper discusses the sectoral and regional  implications of trade liberalization on the Japanese  economy, using quantitative simulation analyses and a CGE  model of global trade. The dynamic aspects of capital  formation and productivity improvements are incorporated  into a standard static model based on the most updated  version of a global trade database. As a result of global  trade liberalization, Japan would gain in transport  equipment production, and lose in agricultural and  processed foods. The relative significance of those  adjustment costs in comparison with the macroeconomic  benefits may vary according to the partner of bilateral  FTAs. Moreover, it must be noted that trade liberalization  in agricultural sectors would also be beneficial to the  Japanese economy at the macro level, in particular, to  consumers. On the other hand, although trade liberalization  might more or less benefit all of Japan’s prefectures, the  regional differences in income levels would be expanded  given the current structures of industries by regions.},
      url = {http://ageconsearch.umn.edu/record/331385},
}