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Economic evaluation of the trilateral FTA among China, Japan, and South Korea with big data analytics
ارزیابی اقتصادی سه جانبه FTA در میان چین، ژاپن و کره جنوبی با تجزیه و تحلیل داده های بزرگ-2018 This study quantitatively analyzes the impact of a free trade agreement (FTA) among China, Japan, and South
Korea using big data analytics. Using game theory and the computable general equilibrium approach, it proposes
a compromise between the two countries for agricultural protection, to reduce possible divergences and con
frontations. The findings show that game results differ among the three countries as per interest indexes.
Compared to full tariff exemption, an FTA with agricultural protection not only stimulates economic growth in
the three countries but also reduces Japan and South Korea’s agricultural concerns and impact on employment.
We also evaluate the impacts of the trilateral FTA on manufacturing and services industries. The results show
that China will increase imports of energy-intensive products from Japan and South Korea, which may reduce
domestic output and generate environmental benefits. Implementing the trilateral FTA with agricultural pro
tection may reduce carbon emission in Northeast Asia by 6.53 million tons. This study can promote economic
integration in Northeast Asia and coping with climate change. The analysis also highlights the importance of
lifecycle management of energy-intensive industries in China, Japan, and South Korea.
Keywords: Big data analytics ، Carbon emission ، Computable general equilibrium model ، Free trade agreement ، Lifecycle management |
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