Work

TPP, RCEP, and Japan's Agricultural Policy Reforms

Year: 2014

Type: preprint

Abstract: In this paper we compare welfare effects and the extent of sectoral adjustments under the proposed Trans-Pacific Partnership (TPP) agreement and the Regional Comprehensive Economic Partnership (RCEP) accords using a dynamic computable general equilibrium (CGE) model from the perspective of Japan.The ambitious goals of both organizations, as well as overlapping membership, make comparisons of different scenarios particularly intriguing.Another objective of this paper is to examine the effects of Japan's agricultural policy reforms on its agricultural output.If agricultural reforms, such as phasing out gentan and consolidation of agricultural land, lead to an improvement in productivity of agricultural sectors, then the extent of output contraction of agricultural and processed food sectors in Japan would be reduced significantly except for dairy products.This suggests the importance of carrying out agricultural reforms in Japan for region-wide trade accords.

Source: RePEc: Research Papers in Economics

Authors: Hiro Lee, Ken Itakura

Institutions: The University of Osaka, Nagoya City University

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

Funder: Japan Society for the Promotion of Science

Award: Quantitative Assessments of Japan's Agricultural Policy Reforms and Its Participation in the Trans-Pacific Partnership Agreement