| Project/Area Number |
16530204
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Osaka University (2006-2007)
Tohoku University (2005)
University of Tsukuba (2004) |
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Principal Investigator |
MIYOKOSHI Tatsuyoshi Osaka University, Schcool of International Public Policy, Professor (60166139)
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| Project Period (FY) |
2004 – 2007
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| Project Status |
Completed (Fiscal Year 2007)
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| Budget Amount *help |
¥3,450,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥150,000)
Fiscal Year 2007: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2006: ¥900,000 (Direct Cost: ¥900,000)
Fiscal Year 2005: ¥900,000 (Direct Cost: ¥900,000)
Fiscal Year 2004: ¥1,000,000 (Direct Cost: ¥1,000,000)
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| Keywords | Behavior of the Financial Institutions / the Collapse of Bubble Economy / Convoy system / BIS / Improvement of the Financial System / Social Welfare / バブル崩壊 / 政府・銀行・企業の教訓 / 安定的な金融システム / 金融論 / 日本経済の発展 / 金融の役割 / システムの再構築 / 時変係数 / 金融機関の行動 |
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| Research Abstract |
This project developed the following methodology and analytical results by using the methodology. (1) We developed a GARCH-type model with the time varying parameters and the asymmetric return effects. (2) We developed the stochastic frontier model including the relationship between the outputs and financing amounts of money. (3) By using these methods, we found that the Japanese financial market improved the market efficiency and the production inefficiency since the bubble economy collapse of 1989. (4) We added more results by using the economy growth theory empirically that the allocation of the budget on each category greatly affected the economic growth.
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