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Studies on effects of public investment on the market economy

Research Project

Project/Area Number 15H03351
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic policy
Research InstitutionGakushuin University

Principal Investigator

MIYAGAWA Tsutomu  学習院大学, 経済学部, 教授 (30272777)

Co-Investigator(Kenkyū-buntansha) 滝澤 美帆  東洋大学, 経済学部, 教授 (50509247)
外木 好美  立正大学, 経済学部, 専任講師 (10621964)
Project Period (FY) 2015-04-01 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥16,120,000 (Direct Cost: ¥12,400,000、Indirect Cost: ¥3,720,000)
Fiscal Year 2017: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2016: ¥5,590,000 (Direct Cost: ¥4,300,000、Indirect Cost: ¥1,290,000)
Fiscal Year 2015: ¥6,630,000 (Direct Cost: ¥5,100,000、Indirect Cost: ¥1,530,000)
Keywords経済政策 / 経済統計学 / 経済事情
Outline of Final Research Achievements

Our research focuses on the measurement and the economic effects of intangibles in the public sector. As for the measurement of intangibles, we extend the database on intangibles published in the website of Research Institute of Economy, Trade, and Industry.
As for the research papers, we introduce the following three studies. The first study published in International Productivity Monitor in 2017 examines the effects of intangibles on the rate of return on capital in Japan. In the second paper, we study the effect of supply chain disruption led by the destruction of infrastructure due to the Great-East Japan Earthquake on the regional economies. This paper is published in the Japan and the World Economy in 2017. In the last paper, we also examine the effects of public infrastructure on the resource reallocation in the regional economies. The paper will be one chapter in a book which will be published from the University Tokyo Press in the near future.

Report

(4 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Annual Research Report
  • 2015 Annual Research Report
  • Research Products

    (60 results)

All 2018 2017 2016 2015 Other

All Int'l Joint Research (6 results) Journal Article (31 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 15 results,  Open Access: 19 results,  Acknowledgement Compliant: 6 results) Presentation (17 results) (of which Int'l Joint Research: 9 results,  Invited: 3 results) Book (1 results) Remarks (2 results) Funded Workshop (3 results)

  • [Int'l Joint Research] ソウル大学(韓国)

    • Related Report
      2017 Annual Research Report
  • [Int'l Joint Research] University of Delhi/Vietnam University of Commerce/Asian Development Bank(アジア諸国)

    • Related Report
      2017 Annual Research Report
  • [Int'l Joint Research] Sogang University/Seoul National Univeresity(韓国)

    • Related Report
      2016 Annual Research Report
  • [Int'l Joint Research] ハーバード大学(米国)

    • Related Report
      2016 Annual Research Report
  • [Int'l Joint Research] 西江大学(韓国)

    • Related Report
      2015 Annual Research Report
  • [Int'l Joint Research] Univeristy of Paris-sud(フランス)

    • Related Report
      2015 Annual Research Report
  • [Journal Article] 地域の資源配分と生産性向上政策2018

    • Author(s)
      宮川 努・川崎 一泰・枝村 一磨
    • Journal Title

      徳井丞次編『日本の地域別生産性と格差――R-JIPデータベースの構築による産業別分析』

      Volume: 第7章

    • Related Report
      2017 Annual Research Report
  • [Journal Article] 生産性向上と日本経済2018

    • Author(s)
      宮川努
    • Journal Title

      月刊 資本市場

      Volume: No.389 Pages: 10-19

    • NAID

      40021448296

    • Related Report
      2017 Annual Research Report
  • [Journal Article] 日本の生産性の現状、生産性向上に向けた取り組み2018

    • Author(s)
      滝澤 美帆
    • Journal Title

      財務省財務総合政策研究所「イノベーションを通じた生産性向上に関する研究会」報告書 第3章 日本の生産性の現状、生産性向上に向けた取り組み

      Volume: 第3章 Pages: 1-22

    • Related Report
      2017 Annual Research Report
    • Open Access
  • [Journal Article] 人口減少が経済に与える影響の分析2018

    • Author(s)
      奥平寛子・滝澤美帆
    • Journal Title

      一般財団法人 アジア太平洋研究所 研究会報告書(2017 年度)

      Volume: 補論1 Pages: 22-29

    • Related Report
      2017 Annual Research Report
    • Open Access
  • [Journal Article] 労働生産性の向上に向けて~日本の産業別労働生産性からの含意~2018

    • Author(s)
      滝澤 美帆
    • Journal Title

      月刊経団連

      Volume: 2018年3月号 Pages: 22-29

    • Related Report
      2017 Annual Research Report
  • [Journal Article] Can Intangible Investments Ease Declining Rates of Return on Capital in Japan?2017

    • Author(s)
      Miyagawa, Tsutomu, Miho Takizawa and Konomi Tonogi
    • Journal Title

      International Productivity Monitor

      Volume: Vol.33 Pages: 114-127

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 日本の産業別生産性動向と経済の再生に向けた生産性向上2017

    • Author(s)
      滝澤 美帆
    • Journal Title

      月刊資本市場

      Volume: 2017年7月号 Pages: 26-35

    • NAID

      40021250553

    • Related Report
      2017 Annual Research Report
    • Open Access
  • [Journal Article] Investment Behaviors by Capital Good and Enterprise Size: Testing Capital Goods Heterogeneity and Capital Market Imperfection with the FSSCI2017

    • Author(s)
      Jun-ichi Nakamura, Konomi Tonogi and Kazumi Asako
    • Journal Title

      Public Policy Review

      Volume: Vol.13, No.2 Pages: 71-101

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Measurement of R&D Investment by Firm and Multiple q * : Analysis of Investment Behaviors by Capital Good at Listed Japanese Firms2017

    • Author(s)
      Akiyuki Tonogi and Konomi Tonogi
    • Journal Title

      Public Policy Review

      Volume: Vol.13, No.2 Pages: 121-151

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 資本財の異質性と取得形態別投資行動 -新設,中古,大規模修繕-2017

    • Author(s)
      外木, 好美 中村, 純一 浅子, 和美
    • Journal Title

      経済学季報

      Volume: 第67巻第2・3号 Pages: 29-71

    • NAID

      120006246682

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 無形資産の市場評価2017

    • Author(s)
      滝澤美帆・外木好美・宮川努
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 17-J-025 Pages: 1-22

    • Related Report
      2016 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] The economic impact of supply chain disruptions from the Great East-Japan earthquake2017

    • Author(s)
      Tokui, Joji, kazuyasu Kawasaki and Tsutomu Miyagawa
    • Journal Title

      Japan and the World Economy

      Volume: Vol.41 Pages: 59-70

    • DOI

      10.1016/j.japwor.2016.12.005

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed / Acknowledgement Compliant
  • [Journal Article] 環境分野における経営資源の蓄積と企業価値:環境投資活動から見た実証分析2017

    • Author(s)
      枝村 一磨、宮川 努、内山 勝久
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 17-J-027 Pages: 1-32

    • Related Report
      2016 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] 資源配分の変化に伴う生産性向上と経済政策の役割 -社会資本整備か規制緩和かー2017

    • Author(s)
      宮川 努、川崎 一泰、枝村 一磨
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 17-J-022 Pages: 1-24

    • Related Report
      2016 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] Intangible Assets and Firms' Liquidity Holdings: Evidence from Japan2017

    • Author(s)
      Hosono, K., D. Miyakawa and M. Takizawa
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 17-E-053 Pages: 1-33

    • Related Report
      2016 Annual Research Report
    • Open Access
  • [Journal Article] 企業別R&D投資の計測とMultiple q-日本の上場企業に関する資本財別投資行動の分析-2017

    • Author(s)
      外木暁幸、外木好美
    • Journal Title

      フィナンシャルレビュー

      Volume: 130号 Pages: 59-82

    • NAID

      120005850801

    • Related Report
      2016 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] 資本財別・企業規模別投資行動―法人企業統計による資本財の異質性と資本市場の不完全性の検証2017

    • Author(s)
      中村純一氏、外木好美、浅子和美氏
    • Journal Title

      フィナンシャルレビュー

      Volume: 130号 Pages: 5-27

    • Related Report
      2016 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] The structural causes of Japan's lost decades (図書所収論文)2016

    • Author(s)
      Fukao, Kyoji, Kenta Ikeuchi, Hyeogug Kown, Younggak Kim, Tatsuji Makino and Miho Takizawa
    • Journal Title

      The World Economy

      Volume: - Pages: 70-110

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Do intangibles contribute to productivity growth in East Asia countries? Evidence from Japan and Korea (図書所収論文)2016

    • Author(s)
      Chun, Hyunbae, Tsutomu Miyagawa, Hak Kil Pyo, and Konomi Tonogi
    • Journal Title

      The World Economy

      Volume: - Pages: 347-376

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] International Transmission of the 2007-2009 Financial Crisis: Evidence from Japan2016

    • Author(s)
      Hosono, K., M. Takizawa and K. Tsuru
    • Journal Title

      Japanese Economic Review

      Volume: 67, (3) Issue: 3 Pages: 295-328

    • DOI

      10.1111/jere.12092

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 資金制約下にある企業の無形資産投資と企業価値(図書所収論文)2016

    • Author(s)
      滝澤美帆
    • Journal Title

      インタンジブルズ・エコノミー 無形資産投資と日本の生産性向上

      Volume: - Pages: 201-226

    • Related Report
      2016 Annual Research Report
  • [Journal Article] 未上場企業によるIPOの動機と上場後の企業パフォーマンス2016

    • Author(s)
      滝澤美帆・細野薫
    • Journal Title

      インタンジブルズ・エコノミー 無形資産投資と日本の生産性向上

      Volume: - Pages: 253-286

    • Related Report
      2016 Annual Research Report
  • [Journal Article] The Development of Investment Research and Multiple q in Japan2016

    • Author(s)
      Jun-ichi Nakamura, Kazumi Asako and Konomi tonogi
    • Journal Title

      International Journal of Finance and Accounting

      Volume: Vol. 5 No. 5A Pages: 1-29

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Comparing the Management Practices and Productive Efficiency of Korean and Japanese Firms: An Interview Survey Approach2016

    • Author(s)
      Lee, Keun, Tsutomu Miyagawa, Young Gak Kim, and Kazuma Edamura
    • Journal Title

      Seoul Journal of Economics

      Volume: Vol.29, No.1 Pages: 1-41

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Declining Rate of Return on Capital and the Role of Intangibles in Japan2016

    • Author(s)
      Miyagawa, Tsutomu, Miho Takizawa and Konomi Tonogi
    • Journal Title

      RIETI Discussion Paper

      Volume: 16-E-051 Pages: 1-30

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Complementarity and Substitutability between Tangible and Intangible Capital: Evidence from Japanese firm-level data2016

    • Author(s)
      Hosono, Kaoru, Daisuke Miyakawa, M.ihoTakizawa and Kenta Yamanouchi
    • Journal Title

      RIETI Discussion Paper

      Volume: 16-E-024 Pages: 1-35

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] アベノミクスの日本経済への影響と新アベノミクスの実現可能性ー日本の潜在成長力の再検証を通じてー2016

    • Author(s)
      宮川努、滝澤美帆
    • Journal Title

      経済のプリズム、参議院事務局企画調整室

      Volume: 第146号 Pages: 1-26

    • NAID

      40020750643

    • Related Report
      2015 Annual Research Report
    • Open Access
  • [Journal Article] Japan2015

    • Author(s)
      Miyagawa, Tsutomu
    • Journal Title

      Asian Productivity Organization, Tsu-Tan Fu edited, Productivity in the Asia-Pacific: Present, and Future, Part 1 Productivity in Retrospect (図書所収論文)

      Volume: ─ Pages: 81-91

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed
  • [Journal Article] The Economic Impact of Supply Chain Disruption from the Great East Japan Earthquake2015

    • Author(s)
      Tokui Joji, Kazuyasu Kawasaki and Tsutomu Miyagawa
    • Journal Title

      RIETI Discussion Paper

      Volume: 15-E-094 Pages: 1-38

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 無形資産投資と日本の経済成長2015

    • Author(s)
      宮川努、枝村一磨、尾崎雅彦、金榮愨、滝澤美帆、外木好美、原田信行
    • Journal Title

      RIETI Policy Discussion Paper

      Volume: 15-P-010 Pages: 1-56

    • Related Report
      2015 Annual Research Report
    • Open Access
  • [Journal Article] Investment-Based Capital Asset Pricing Modelからみた投資と資産収益率2015

    • Author(s)
      宮川努、滝澤美帆
    • Journal Title

      RIETI Discussion Paper

      Volume: 15-J-031 Pages: 1-35

    • NAID

      120005832745

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access
  • [Presentation] 日本経済の構造変化とGDP統計の改善2018

    • Author(s)
      宮川努
    • Organizer
      第53回ESRI経済政策フォーラム ESRI、中央合同庁舎第8号館623会議室(東京都・千代田区 1/22)
    • Related Report
      2017 Annual Research Report
    • Invited
  • [Presentation] 産業別労働生産性水準の国際比較2018

    • Author(s)
      滝澤美帆
    • Organizer
      サービス学会第6回 明治大学駿河台キャンパス(東京都・千代田区)3月11日
    • Related Report
      2017 Annual Research Report
    • Invited
  • [Presentation] 技術革新がもたらす日本経済の変化─経済統計は、経済構造の変化に対応できるか─2017

    • Author(s)
      宮川努
    • Organizer
      第162回TCERセミナー 東京会館(東京都・千代田区)
    • Related Report
      2017 Annual Research Report
    • Invited
  • [Presentation] Product Dynamics and Aggregate Shocks: Evidence from Japanese Product and Firm Level Data2017

    • Author(s)
      Miyagawa, Tsutomu
    • Organizer
      14th Conference on the Comparative Analysis of Enterprise Data, School of Economics, Sogang University (Seoul, Korea, September 22 - 24, 2017) (Sept.24)
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 無形資産の市場評価2017

    • Author(s)
      滝澤 美帆
    • Organizer
      日本ファイナンス学会第25回大会 千葉工業大学津田沼キャンパス(千葉県・習志野市)6月3日
    • Related Report
      2017 Annual Research Report
  • [Presentation] 無形資産の市場評価2017

    • Author(s)
      外木好美、宮川努、滝澤美帆
    • Organizer
      日本経済学会2017秋季大会 青山学院大学 青山キャンパス(東京都・渋谷区 9/9-10)(9/9)
    • Related Report
      2017 Annual Research Report
  • [Presentation] 資源配分の変化に伴う地域の生産性向上と経済政策の役割2017

    • Author(s)
      宮川努、川崎一泰、枝村一磨
    • Organizer
      故和合肇先生追悼記念コンファレンス
    • Place of Presentation
      松島センチュリーホテル(松島町、宮城)
    • Related Report
      2016 Annual Research Report
  • [Presentation] Declining Rate of Return on Capital and the Role of Intangibles2016

    • Author(s)
      Takizawa, Miho and Tsutomu Miyagawa
    • Organizer
      Comparing Industry-level and Firm-level Performance among East Asian Countries
    • Place of Presentation
      Gakushuin University, Toshima, Tokyo
    • Year and Date
      2016-02-15
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Complementarity and Substitutability between Tangible and Intangible Capital: Evidence from Japanese Firm-level Data2016

    • Author(s)
      Hosono, Kaoru, Daisuke Miyakawa, Miho Takizawa, and Kenta Yamanouchi
    • Organizer
      SPINTAN Final Conference
    • Place of Presentation
      Venue: LUISS Guido Carli University, Viale Romania 32, Rome, Italy
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 研究開発投資とプロダクト・ダイナミクス2016

    • Author(s)
      枝村一磨、川上淳之、宮川努
    • Organizer
      「広義の投資が経済に及ぼす効果の検証」研究会
    • Place of Presentation
      学習院大学(豊島区、東京)
    • Related Report
      2016 Annual Research Report
  • [Presentation] 無形資産投資と資産収益率2016

    • Author(s)
      滝澤美帆、外木好美、宮川 努
    • Organizer
      「広義の投資が経済に及ぼす効果の検証」研究会
    • Place of Presentation
      学習院大学(豊島区、東京)
    • Related Report
      2016 Annual Research Report
  • [Presentation] Competition, Uncertainty, and Misallocation2016

    • Author(s)
      Hosono, Kaoru, Miho Takizawa, and Kenta Yamanouchi
    • Organizer
      RIETI - Gakushuin - Toyo International Workshop on Firm Dynamics
    • Place of Presentation
      RIETI(千代田区・東京)
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Complementarity and Substitutability between Tangible and Intangible Capital: Evidence from Japanese Firm-level Data2016

    • Author(s)
      Hosono, Kaoru, Daisuke Miyakawa, Miho Takizawa, and Kenta Yamanouchi
    • Organizer
      2016 Japan-Korea Microdata Workshop: Firm Dynamics, Innovation and Globalization
    • Place of Presentation
      済州大学、済州、韓国
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Declining Rate of Return on Capital and the Role of Intangibles in Japan and Korea2016

    • Author(s)
      滝澤 美帆・Hyunbae Chun
    • Organizer
      4th World KLEMS Conference
    • Place of Presentation
      Ivie(マドリッド、スペイン)
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Is Productivity Growth Correlated with Improvements in Management Quality? An empirical study using interview surveys in Korea and Japan2015

    • Author(s)
      Miyagawa, Tsutomu
    • Organizer
      The 23rd SJE International Symposium, Firms and Innovation in Asia
    • Place of Presentation
      Seoul, Korea
    • Year and Date
      2015-10-31
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Presentation] How Did the Japanese Economy React to the World Financial Crisis?-Changes in Reallocation and International Competitiveness-2015

    • Author(s)
      Takizawa, Miho (Tsutomu Miyagawa, Tomohiko Inui, and Kyoji Fukao)
    • Organizer
      The 3rd Asia KLEMS Conference
    • Place of Presentation
      Taipei, Taiwan
    • Year and Date
      2015-08-13
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Role of Intangibles on Productivity Growth-L’essentiel est invisible pour les yeux-2015

    • Author(s)
      Ahmed Bounfour and Tsutomu Miyagawa
    • Organizer
      JPC Conference on Economic Growth and Productivity
    • Place of Presentation
      Sapia Tower, Chiyoda, Tokyo
    • Year and Date
      2015-07-28
    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Book] インタンジブルズ・エコノミー 無形資産投資と日本の生産性向上2016

    • Author(s)
      宮川努、淺羽茂、細野薫
    • Total Pages
      297
    • Publisher
      東京大学出版会
    • Related Report
      2016 Annual Research Report
  • [Remarks] 公的部門を含む無形資産の延長推計を完成させ、RIETIのウェブページに掲載

    • URL

      http://www.rieti.go.jp/jp/database/JIP2015/index.html

    • Related Report
      2016 Annual Research Report
  • [Remarks] 滝澤美帆「日米産業別労働生産性水準比較」 日本生産性本部、 2016年12月.

    • URL

      http://activity.jpc-net.jp/detail/01.data/activity001494.html

    • Related Report
      2016 Annual Research Report
  • [Funded Workshop] The Fourth Asia KLEMS Conference 2017年7月31~8月2日 一橋大学(東京都・国立市)2017

    • Related Report
      2017 Annual Research Report
  • [Funded Workshop] 2017 Japan-Korea Microdata Workshop 2017年8月(北海道・札幌市)2017

    • Related Report
      2017 Annual Research Report
  • [Funded Workshop] The Third Asia KLEMS Conference2015

    • Place of Presentation
      Taipei, Taiwan
    • Year and Date
      2015-08-12
    • Related Report
      2015 Annual Research Report

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Published: 2015-04-16   Modified: 2022-08-25  

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