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GTAP Resources: Resource Display

GTAP Resource #2357

"The Monash-Multi-Country (MMC) Model and the Investment Liberalisation in China's Oil Industry"
by Yinhua, Mai


Abstract
Computable general equilibrium models have been widely applied in analysing the effects of removing tariffs. However, not nearly as much effort has been devoted to their application on investment liberalisation that is increasingly an integral part of trade liberalisation agreements. The Monash-Multi-Country (MMC) model is developed to meet such policy needs. The MMC model is an advanced dynamic CGE model with bilateral investment flows between countries/regions modelled explicitly at an industry level. This paper describes the model structure and data of the MMC model. Its application is illustrated by a simulation of a potential investment liberalisation in China’s oil industry. The MMC model has been used to analyse the effects of a bilateral free trade agreement between Australia and China.


Resource Details (Export Citation) GTAP Keywords
Category: 2007 Conference Paper
Status: Published
By/In: Presented at the 10th Annual Conference on Global Economic Analysis, Purdue University, USA; CoPS working per No. G-150
Date: 2004
Version: revised October 2005
Created: Yinhua, M. (4/13/2007)
Updated: Yinhua, M. (4/13/2007)
Visits: 2,222
- Foreign direct investment
- Technological change
- Dynamic modeling
- Calibration and parameter estimation
- Asia (East)


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