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Economic Analysis on Privatization of Special Corporations and Public Corporations

Research Project

Project/Area Number 16530177
Research Category

Grant-in-Aid for Scientific Research (C)

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

Principal Investigator

MIZUTANI Fumitoshi  Kobe University, Graduate School of Business Administration, Professor, 経営学研究科, 教授 (60263365)

Co-Investigator(Kenkyū-buntansha) SHOJI Kenichi  Kobe University, Graduate School of Business Administration, Professor, 経営学研究科, 教授 (70127372)
URANISHI Shuji  Fukuyama Heisei University, Faculty of Business Administration, Lecturer, 経営学部, 講師 (80362820)
Project Period (FY) 2004 – 2006
Project Status Completed (Fiscal Year 2006)
Budget Amount *help
¥2,600,000 (Direct Cost: ¥2,600,000)
Fiscal Year 2006: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 2005: ¥800,000 (Direct Cost: ¥800,000)
Fiscal Year 2004: ¥1,300,000 (Direct Cost: ¥1,300,000)
KeywordsSpecial Corporation / Public Corporation / Privatization / Efficiency / Regulatory Reform
Research Abstract

In this study, we analyze issues related to the privatization of government-affiliated special corporations and public corporations. The specific purposes of this study are 1) to evaluate the results of privatization, 2) to make clear factors leading to privatization, 3) to obtain policy knowledge and lessons from privatization. The main industries which we analyze in this study are 1) the railway industry, 2) road businesses, 3) the postal service industry, and 4) public utility industries such as bus service industries which comprise both public corporations and government-affiliated special corporations. We take the following steps in this study: 1) a survey of previous studies and an initial analysis, 2) data collection and the construction of a data base, 3) analysis by econometric models and recollection of extra data sets, and 4) model construction and a policy analysis. In 2004, we analyzed mainly the postal service industry and the railway industry. In 2005, we focused on the … More analysis of the postal service industry and road business. In 2006, the final year of this study, we performed an analysis of road businesses, other public corporations, and government-affiliated special corporations. All results obtained in this study have been summarized in academic papers, which we have been presenting at conferences and submitting to academic refereed journals in Japan and overseas.
The main results provided in this study are summarized as follows. First, the universal supply (USO) cost in the postal service industry attains around 17% to total revenues. Even if the privatization of postal services is accomplished, the USO cost still remains about 13% to total revenues. In addition to privatization, it is inevitable that the Post Office be reorganized if better performance is to be accomplished. Second, based on results from econometric analysis of the Japanese National Railways privatization, TFP growth after privatization was annually 2.97%, with privatization raising TFP growth by 1.62% annually. Furthermore, over-capitalization at the former JNR has been corrected by privatization. In the road business, public infrastructure such as roads contributes to an increase in private productivity. As for the privatization of the highway public corporations, there remains a problem in the method of vertical separation. Last, as for factors affecting privatization decisions of public corporations, the marketability factor is the most important. The existence of more than two regulators also affects privatization decisions. When there are more than two competent authorities (regulators), the possibility of privatization decreases. Less

Report

(4 results)
  • 2006 Annual Research Report   Final Research Report Summary
  • 2005 Annual Research Report
  • 2004 Annual Research Report
  • Research Products

    (29 results)

All 2007 2006 2005 2004

All Journal Article (28 results) Book (1 results)

  • [Journal Article] The Effects of Privatization on Productivity and Capital Adjustment2007

    • Author(s)
      Fumitoshi Mizutani(共著)
    • Journal Title

      International Journal of Transport Economics Vol.34, No.2(forthecoming)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 道路関係四公団の地域分割における最適事業規模の計測2007

    • Author(s)
      浦西 秀司
    • Journal Title

      福山平成大学経営学部紀要 第3号

      Pages: 53-71

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Annual Research Report 2006 Final Research Report Summary
  • [Journal Article] The Effects of Privatization on Productivity and Capital Adjustment (co-authored with Shuji Uranishi)2007

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      International Journal of Transport Economics 34-2(forthcoming)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Estimation of Optimal Size of Organization in the Regional Subdivision of 4 Highway-related Public Corporations (in Japanese)2007

    • Author(s)
      Shuji, Uranishi
    • Journal Title

      Journal of Business Administration at Fukuyama Heisei University (Fukuyama Heisei Daigaku Keieigakubu Kiyo) 3

      Pages: 53-71

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] The Effects of Privatization on Productivity and Capital Adjustment2007

    • Author(s)
      Fumitoshi Mizutani(共著)
    • Journal Title

      International Journal of Transport Economics Vol. 34,No. 2(forthcomimg)

    • Related Report
      2006 Annual Research Report
  • [Journal Article] Special Post Office, Privatization and Universal Service Obligation Costs2006

    • Author(s)
      Fumitoshi Mizutani(共著)
    • Journal Title

      神戸大学経営学研究科ディスカッション・ペーパー No.2006・5

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 乗合バス事業の規制緩和の影響2006

    • Author(s)
      水谷 文俊
    • Journal Title

      公営企業 第38巻,第9号

      Pages: 2-8

    • NAID

      40015240932

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Special Post Office, Privatization and Universal Service Obligation Costs" (co-authored with Shuji Uranishi)2006

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      Kobe University, Graduate School of Business Administration, Discussion Paper

      Pages: 2006-5

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Effects on Deregulation in the Route Bus Industry (in Japanese)2006

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      Public Corporation (Koei Kigyo) 38-9

      Pages: 2-8

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] The Role of Private Provision in Transport Markets : Effects of Private Ownership and Business Diversification (in Japanese)2006

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      Structural Change in Transportation and Communications in the Knowledge Society, Edward Elgar (K Kobayashi, T.R Lakshmanan and W. P. Anderson (eds.))

      Pages: 227-247

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 乗合バス事業の規制緩和の影響2006

    • Author(s)
      水谷 文俊
    • Journal Title

      公営企業 第38巻第9号

      Pages: 2-8

    • NAID

      40015240932

    • Related Report
      2006 Annual Research Report
  • [Journal Article] Special Post Office, Privatization and Universal Service Obligation Costs2006

    • Author(s)
      Fumitoshi Mizutani
    • Journal Title

      神戸大学経営学研究科ディスカッション・ペーパー No.2006.5

    • Related Report
      2005 Annual Research Report
  • [Journal Article] Productivity Effects and Determinants of Public Infrastructure Investment2005

    • Author(s)
      Fumitoshi Mizutani(共著)
    • Journal Title

      神戸大学経営学研究科ディスカッション・ペーパー No.2005・35

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 日本的都市鉄道整備の一手法 : 神戸高速鉄道のケース2005

    • Author(s)
      正司 健一
    • Journal Title

      関西大学商学論集 第50巻,第3・4号

      Pages: 13-25

    • NAID

      110003495488

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Regulation and Deregulation in the Japanese Rail Industry2005

    • Author(s)
      Fumitoshi Mizutani
    • Journal Title

      CESifo Dice Report : Journal for Institutional Comparisons Vol.3, No.4

      Pages: 10-15

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Productivity Effects and Determinants of Public Infrastructure Investment (co-authored with Shuji Uranishi)2005

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      Kobe University, Graduate School of Business Administration, Discussion Paper

      Pages: 2005-35

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] A Method of Japanese Style Urban Railway Development : A Case of Kobe Kosoku (in Japanese)2005

    • Author(s)
      Kenichi, Shoji
    • Journal Title

      The Business Review of Kansai University (Kansai Daigaku Shokaku Ronshu) 50-3/4

      Pages: 13-25

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Regulation and Deregulation in the Japanese Rail Industry2005

    • Author(s)
      Fumitoshi, Mizutani
    • Journal Title

      CESifo Deice Report : Journal for Institutional Comparisons 3-4

      Pages: 10-15

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Productivity Effects and Determinants of Public Infrastructure Investment2005

    • Author(s)
      Fumitoshi Mizutani
    • Journal Title

      神戸大学経営学研究科ディスカッション・ペーパー No.2005.35

    • Related Report
      2005 Annual Research Report
  • [Journal Article] 日本的都市鉄道整備の一手法:神戸高速鉄道のケース2005

    • Author(s)
      正司 健一
    • Journal Title

      関西大学商学論集 第50巻第3・4号

      Pages: 13-25

    • NAID

      110003495488

    • Related Report
      2005 Annual Research Report
  • [Journal Article] Regulation and Deregulation in the Japanese Rail Industry2005

    • Author(s)
      Fumitoshi Mizutani
    • Journal Title

      CESinfo Dice Report : Journal for Institutional Comparisons Vol.3, No.4

      Pages: 10-15

    • Related Report
      2005 Annual Research Report
  • [Journal Article] The Effects of Privatization on Productivity and Capital Adjustment2005

    • Author(s)
      Fumitoshi Mizutani
    • Journal Title

      神戸大学経営学研究科ディスカッション・ペーパー No.2005・5(未定)

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 郵便事業におけるユニバーサルサービス供給コストの計測2004

    • Author(s)
      浦西 秀司
    • Journal Title

      公益事業研究 第56巻,第2号

      Pages: 51-59

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] わが国の都市鉄道整備補助制度についての一考察2004

    • Author(s)
      正司 健一
    • Journal Title

      国民経済雑誌 第190巻,第6号

      Pages: 33-51

    • NAID

      110001029005

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Estimation of Universal Service Obligation Cost in Postal Services (in Japanese)2004

    • Author(s)
      Shuji, Uranishi
    • Journal Title

      Journal of Public Utility Economics (Kocki Jigyo Kenkyu) 56-2

      Pages: 51-59

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] A Note on Urban Railway Subsidy System in Japan (in Japanese)2004

    • Author(s)
      Kenichi, Shoji
    • Journal Title

      Journal of Economics and Business Administration (Kokumin Keizai Zasshi) 190-6

      Pages: 33-51

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 郵便事業におけるユニバーサルサービス供給コストの計測2004

    • Author(s)
      浦西 秀司
    • Journal Title

      公益事業研究 第56巻・第2号

      Pages: 51-59

    • Related Report
      2004 Annual Research Report
  • [Journal Article] わが国の都市鉄道整備補助制度についての一考察2004

    • Author(s)
      正司 健一
    • Journal Title

      国民経済雑誌 第190巻・第6号

      Pages: 33-51

    • NAID

      110001029005

    • Related Report
      2004 Annual Research Report
  • [Book] Structural Change in Transportation and Communications in the Knowledge Society (K. Kobayashi, T. R. Lakshmanan & W. P. Anderson (eds.))2006

    • Author(s)
      Fumitoshi Mizutani(分担執筆)
    • Publisher
      Edward Elgar
    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Annual Research Report 2006 Final Research Report Summary

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Published: 2004-04-01   Modified: 2016-04-21  

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