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A role of technology in economic growth : theoretical and empirical analysis

Research Project

Project/Area Number 07453002
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field 経済理論
Research InstitutionYokohama National University

Principal Investigator

WAKOSUGI Ryuhei  Professor Yokohama National University Faculty of Ecnomics, 経済学部, 教授 (80191716)

Co-Investigator(Kenkyū-buntansha) MURASE Hideaki  Associate Professor Nagoya City University Faculty of Economics, 経済学部, 助教授 (40239520)
SHIMAMOTO Tetsuro  Associate Professor Yokohama National University Faculty of Economics, 経済学部, 助教授 (40216081)
II Masako  Associate Professor Yokohama National University Faculty of Economics, 経済学部, 助教授 (50272787)
AKIYAMA Taro  Professor Yokohama National University Faculty of Ecnomics, 経済学部, 教授 (40167854)
KANOH Satoru  Professor Yokohama National University Faculty of Ecnomics, 経済学部, 教授 (50114971)
Project Period (FY) 1995 – 1997
Project Status Completed (Fiscal Year 1997)
Budget Amount *help
¥6,600,000 (Direct Cost: ¥6,600,000)
Fiscal Year 1997: ¥600,000 (Direct Cost: ¥600,000)
Fiscal Year 1996: ¥1,800,000 (Direct Cost: ¥1,800,000)
Fiscal Year 1995: ¥4,200,000 (Direct Cost: ¥4,200,000)
KeywordsEconomic Growth / Innovation / R&D / Technological Progress / Market Structure / innovation / economic growth / technological progress / 習熟効果
Research Abstract

(1) We modeled an endogenous growth model with capital accumulation and R&D,then analyzed how the source of economic growth evolved in the process of economic growth. Theoretical analyzes show that at the early stage of economic growth capital accumulation plays an important role in growth and at the later stage technology takes the role.
(2) We modeled an endogenous growth model where entrepreneurs are in charge of innovation and in ex post asymmetric information exists in financial market, then analyzed how the asymmetric information in financial market affected economic growth. Large monitoring cost in financial market results in credit rationing in financial market. This means that asymmetric iniformation in capital market may restrain economic growth. Moreover, this kind of equilibrium with credit rationing exits more than one.
(3) We modeled an endogenous growth model with innovation and efficient wage theory, then analyzed the relation between technology progress and unemployment. We showed that growth rate and unemployment may have a positive correlation.
(4) Using the data from electric and machinery industries, we analyzeda relation between industry size and R&D.These are strongly positive correlation between firm size and R&D spending, but there is not significant relation between R&D spending and innovation-innovation is measured by the number of patent and new product. Therefore, we cannot find the evidence supporting the hypothesis that an increase in a firm size raises the efficiency of product innovation.

Report

(4 results)
  • 1997 Annual Research Report   Final Research Report Summary
  • 1996 Annual Research Report
  • 1995 Annual Research Report
  • Research Products

    (24 results)

All Other

All Publications (24 results)

  • [Publications] Wakasugi, Ryuhei: "R & D,Firm Size and Innovation Outputs : Are Japanese Firm Efficient in Product Development?" Journal of Product Development Management. 383-392 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] 秋山 太郎: "企業家、イノベーション、資本市場および経済変動:シュンペーター動学" 浅子和美、大瀧雅之編『現代マクロ経済動学』. 61-105 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] 秋山 太郎: "イノベーション、資本蓄積および経済成長" フィナンシャル・レビュー. 42. 116-136 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Kanoh, Satoru: "Objectives of Japanese Monetary Policy" 経済研究. 48巻. 351-367 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] 井伊 雅子: "高齢者家計行動の分析" 共著、『経済分析』経済企画庁経済研究所(研究2). 151. 79-112 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Wakasugi, Ryuhei: "R&D,Firm Size and innovation Outputs : Are Japanese Firm Efficient in Product Developments" Journal of Product Development Management. 383-392 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Wakasugi, Ryuhei: "Missing Factors of Intra-Industry Trade : Some Empirical Evidence of Japan" Japan and the World Economy. 353-362 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Wakasugi, Ryuhei: "Determinants of Technology Transfer : An Empirical Study of Japanese Firm" Technology Diffusion in Third World, New World Order Series. Vol.16. (1998)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Akiyama, Taro: "Entrepreneur, Innovation, Capital Market and Economic Fluctuation : A Schumpeterian Dynamics, (in Japanese) in K.Asako and M.Otaki eds." Modem Macro Economic Analysis, University of Tokyo Press. 61-105 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Akiyama, Taro: "Innovation, Captial Accumulation and Economic Growth, (in Japanese)" Financial Review. No.42. 116-136 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Murase, Hideaki: "Equity Ownership and the Determination of Managers Bonuses in Japanese Firms" Japan and the World Economy. (forthcoming).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1997 Final Research Report Summary
  • [Publications] Wakasugi,Ryuhei: ""R & D,Firm Size and Innvation Outputs:Are Japanese Firms in Product Development?"" Journal of Produvt Development Managemnt,. 383-92 (1997)

    • Related Report
      1997 Annual Research Report
  • [Publications] 秋山太郎: "「企業家、イノベーション、資本市場および経済変動:シュンペーター動学」" 浅子和美、大瀧雅之編『現代マクロ経済動学』. 61-105 (1997)

    • Related Report
      1997 Annual Research Report
  • [Publications] 秋山太郎: "「イノベーション、資本蓄積および経済成長」" 『フィナンシャル・レビュー』. 42号. 116-136 (1997)

    • Related Report
      1997 Annual Research Report
  • [Publications] 加納 悟: ""Objectives of Japanese Monetary Policy,"" The Economic Review,. 48巻4号. 351-367 (1997)

    • Related Report
      1997 Annual Research Report
  • [Publications] 井伊 雅子: "「高齢者世帯の経済分析」" 経済分析. 151. 79-112 (1997)

    • Related Report
      1997 Annual Research Report
  • [Publications] Wakasugi,Ryuhei: ""R&D,Firm Size and Innovation Outputs : Are Japanese Firms Efficient in Product Development"" Journal of Product Management,. (forthcoming).

    • Related Report
      1996 Annual Research Report
  • [Publications] Kanoh,Satoru: ""On Land and Price Formation : Bubble and Option"" Japanese Economic Review,. (forthcoming).

    • Related Report
      1996 Annual Research Report
  • [Publications] 秋山太郎: "「資本蓄積、イノベーションおよび経済成長」" 『フィナンシャル・レビュー』. (近刊).

    • Related Report
      1996 Annual Research Report
  • [Publications] 井伊雅子: "「途上国の労働市場におけるジョブ・サーチ理論の検証」" 『エコノミア』.

    • Related Report
      1996 Annual Research Report
  • [Publications] 村瀬英彰: "「株式所有構造と役員賞与の決定」" 日本経済研究. No.29. 76-93 (1995)

    • Related Report
      1995 Annual Research Report
  • [Publications] 加納悟・村瀬英彰: "「地価形成に関する-考察:バブルとオプション」" 経済研究. 47. 27-38 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 若杉隆平: "関口末夫他編『海外直接投資と日本経済』" 東洋経済新報社, 227 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 秋山太郎: "浅子和美他編『現代マクロ経済動学』" 東京大学出版会(近刊), (1996)

    • Related Report
      1995 Annual Research Report

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Published: 1995-04-01   Modified: 2016-04-21  

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