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Trade and financial development in growing economies with industrial structure change

Research Project

Project/Area Number 17H02524
Research Category

Grant-in-Aid for Scientific Research (B)

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

Principal Investigator

Hu Yunfang  神戸大学, 経済学研究科, 教授 (30379466)

Co-Investigator(Kenkyū-buntansha) 三野 和雄  京都大学, 経済研究所, 特任教授 (00116675)
大土井 涼二  東京工業大学, 工学院, 准教授 (90433292)
Project Period (FY) 2017-04-01 – 2022-03-31
Project Status Completed (Fiscal Year 2022)
Budget Amount *help
¥12,870,000 (Direct Cost: ¥9,900,000、Indirect Cost: ¥2,970,000)
Fiscal Year 2021: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2020: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2019: ¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2018: ¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2017: ¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Keywords経済成長 / 国際貿易 / 資本の国際間移動 / 金融市場の発展 / 人的資本の蓄積 / 教育の選択 / 技術の内生的選択 / 所得分配 / 産業構造変化 / 教育選択 / 海外直接投資 / 開放経済 / financial frictions / agent heterogeneity / 内生的技術の選択 / 経済動学 / 財政政策 / 異質的経済主体 / 所得格差 / 教育投資 / 経済成長・経済発展 / 経済主体の異質性 / 金融市場の不完全性 / 資源配分 / 持続的な経済成長 / 構造変化 / 市場開放 / 資本移動
Outline of Final Research Achievements

This study examines a variety of issues related to the economic growth of one or more countries, the degree of development of financial markets, and the international and intersectoral allocation of resources. We show that changes in the global financial system and the real economic system affect the international movement of capital and the distribution of wealth among countries, as well as the growth potential of each country. We also show that the keys to sustainable economic growth are different in developed and developing countries. For example, improving efficiency is more important for developed countries, while removing barriers to knowledge accumulation is an important issue for developing countries.

Academic Significance and Societal Importance of the Research Achievements

本研究では、経済メカニズムの理論的な分析に加え、理論的な分析から得られた結果やその働きの意味を、実際の経済データと比較することで理解しやすくする工夫をしている。例えば、貿易環境や経済システムに関わる変化について、一時的な経済効果だけでなく、その変化が長期的に人々の生活にどのような影響を与えるかを総合的に考えることの重要性を示し、社会全般における政府の政策について理解を深めることができる。

Report

(6 results)
  • 2022 Final Research Report ( PDF )
  • 2021 Annual Research Report
  • 2020 Annual Research Report
  • 2019 Annual Research Report
  • 2018 Annual Research Report
  • 2017 Annual Research Report
  • Research Products

    (33 results)

All 2023 2022 2021 2020 2019 2018 2017 Other

All Int'l Joint Research (7 results) Journal Article (7 results) (of which Int'l Joint Research: 3 results,  Peer Reviewed: 6 results,  Open Access: 2 results) Presentation (14 results) (of which Int'l Joint Research: 12 results,  Invited: 8 results) Book (1 results) Funded Workshop (4 results)

  • [Int'l Joint Research] Washington University in St. Louis/NBER(米国)

    • Related Report
      2020 Annual Research Report
  • [Int'l Joint Research] Washington University in St. Louis(米国)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] 中央研究院(中国)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] ワシントン大学/経済学部(米国)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] 中央研究院/経済研究所(台湾)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] 中央研究院経済研究所(中華民国 台湾)

    • Related Report
      2017 Annual Research Report
  • [Int'l Joint Research] Washington University in St. Louis(米国)

    • Related Report
      2017 Annual Research Report
  • [Journal Article] Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model2023

    • Author(s)
      Hirono Makoto, Mino Kazuo
    • Journal Title

      Macroeconomic Dynamics

      Volume: 27 Issue: 2 Pages: 275-296

    • DOI

      10.1017/s1365100521000390

    • Related Report
      2021 Annual Research Report 2019 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Flying or trapped?2022

    • Author(s)
      Hu, Yunfang, Takuma Kunieda, Kazuo Nishimura and Ping Wang
    • Journal Title

      Economic Theory

      Volume: 1 Issue: 2 Pages: 1-48

    • DOI

      10.1007/s00199-021-01402-4

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] 市場開放,産業政策及び東アジア地域における経済発展についての再考2021

    • Author(s)
      胡 雲芳
    • Journal Title

      国民経済雑誌

      Volume: 223

    • Related Report
      2021 Annual Research Report
  • [Journal Article] Welfare implications of non-unitary time discounting2021

    • Author(s)
      Ohdoi Ryoji, Futagami Koichi
    • Journal Title

      Theory and Decision

      Volume: 90 Issue: 1 Pages: 85-115

    • DOI

      10.1007/s11238-020-09766-0

    • Related Report
      2020 Annual Research Report 2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Income Taxation Rules and Stability of a Small Open Economy2020

    • Author(s)
      Been-Lon Chen, Yunfang Hu, Kazuo Mino
    • Journal Title

      Journal of Macroeconomics

      Volume: 65 Pages: 1-12

    • DOI

      10.1016/j.jmacro.2020.103236

    • Related Report
      2020 Annual Research Report 2019 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] International transmission of financial shocks without financial integration2018

    • Author(s)
      Ryoji Ohdoi
    • Journal Title

      Economic Letters

      Volume: 170 Pages: 46-49

    • DOI

      10.1016/j.econlet.2018.05.030

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] On the nonlinear relationship between inflation and growth: A theoretical exposition2018

    • Author(s)
      Ryo Arawatari, Takeo Hori, and Kazuo Mino
    • Journal Title

      Journal of Monetary Economics

      Volume: 94 Pages: 79-93

    • DOI

      10.1016/j.jmoneco.2017.12.001

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed
  • [Presentation] Trade Liberalization, Educational Choice, and Income Distribution2021

    • Author(s)
      Yunfang Hu
    • Organizer
      The 11th IEFS China Annual Conference
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Capital Allocation and Wealth Distribution in a Global Economy with Financial Frictions and Firm Heterogeneity2021

    • Author(s)
      Yunfang Hu
    • Organizer
      日本国際経済学会第10回春季大会
    • Related Report
      2021 Annual Research Report
  • [Presentation] Trade Liberalization, Educational Choice, and Income Distribution2021

    • Author(s)
      Hu, Yunfang
    • Organizer
      IEFS China
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Capital Allocation and Wealth Distribution in a Global Economy with Financial Frictions2021

    • Author(s)
      Hu, Yunfang
    • Organizer
      日本国際経済学会
    • Related Report
      2019 Annual Research Report
  • [Presentation] Public Debt and Growth with Financial Constraints2019

    • Author(s)
      Kazuo Mino
    • Organizer
      International Conference on Economic Growth and Income Distribution
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Public Debt and Growth with Financial Constraints2019

    • Author(s)
      Kazuo Mino
    • Organizer
      International Conference on Trade, Financial Integration and Macroeconomic Dynamics
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Trade, growth, and the international transmission of financial shocks2019

    • Author(s)
      Ryoji Ohdoi
    • Organizer
      2019 International Conference on Trade, Financial Integration and Macroeconomic Dynamics
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Cultural Difference and Trade Patterns2019

    • Author(s)
      Yunfang Hu
    • Organizer
      Kobe-Trier Workshop
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Home Production and Long-Term Elderly Caring2019

    • Author(s)
      Yunfang Hu
    • Organizer
      2nd Workshop in HOKU: Inter-disciplinary Approach to the Successful Aging Society
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Trade, growth, and the international transmission of financial shocks2018

    • Author(s)
      Ryoji Ohdoi
    • Organizer
      The 18th Annual SAET Conference
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Fiscal Policy and Government Debt in a Growing Economy with Financial Frictions2018

    • Author(s)
      Kazuo Mino
    • Organizer
      The 18th Annual SAET Conference
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Stabilization Effect of Taxation Rules in Small Open Economies2017

    • Author(s)
      Kazuo Mino
    • Organizer
      International Conference on Trade, Financial Integration and Economic Growth 2017
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Economic Growth and Financial Integration with Home Production2017

    • Author(s)
      Yunfang Hu
    • Organizer
      International Conference on Trade, Financial Integration and Economic Growth 2017
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Capital Accumulation, Trade Pattern and Structural Change2017

    • Author(s)
      Yunfang Hu
    • Organizer
      Workshop on International Economics, NSD, Peking University
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research / Invited
  • [Book] Growth and Business Cycles with Equilibrium Indeterminacy2017

    • Author(s)
      Kazuo Mino
    • Total Pages
      212
    • Publisher
      Springer
    • ISBN
      9784431556091
    • Related Report
      2017 Annual Research Report
  • [Funded Workshop] Kobe Workshop on International Trade and Macroeconomic Dynamics2021

    • Related Report
      2021 Annual Research Report
  • [Funded Workshop] Virtual Workshop on International Trade and Macroeconomic Dynamics2021

    • Related Report
      2019 Annual Research Report
  • [Funded Workshop] 2019 International Conference on Trade, Financial Integration and Macroeconomic Dynamics2019

    • Related Report
      2018 Annual Research Report
  • [Funded Workshop] International Conference on Trade, Financial Integration and Economic Growth 20172017

    • Related Report
      2017 Annual Research Report

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Published: 2017-04-28   Modified: 2024-01-30  

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