| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2019: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2016: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Outline of Final Research Achievements |
It is well known that the transaction volume of the existing housing market is extremely small in Japan compared to other countries. Although the revitalization of the existing housing market is an important policy issue, empirical evidence on the factors that hinder the market transactions in the existing housing market, and the evaluation of various policy interventions that aim at revitalization of the market are still quite limited.
This research project has two independent but interrelated topics: (1) measuring the matching efficiency of existing houses and (2) evaluating the impact of matching efficiency on the number of transactions and price levels. Furthermore, the final objective is to quantitatively evaluate various policies targeting the existing housing market.
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