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The Effectiveness of Balassa and Samuelson Effect

Research Project

Project/Area Number 17K03808
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Money/ Finance
Research InstitutionKobe City University of Foreign Studies

Principal Investigator

Fujii Takao  神戸市外国語大学, 外国語学部, 教授 (80547216)

Co-Investigator(Kenkyū-buntansha) 松林 洋一  神戸大学, 経済学研究科, 教授 (90239062)
Project Period (FY) 2017-04-01 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2018: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2017: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Keywords為替レート / 国際金融 / バラッサ・サミュエルソン効果 / 財政規律 / 為替介入 / 労働生産性 / 労働市場 / 財政政策 / 実質為替レート
Outline of Final Research Achievements

The purpose of this project was mainly to empirically examine the Balassa-Samuelson effect. Specifically, we applied the panel threshold model to investigate the feasibility of the effect by focusing on Japanese labour market. We showed that the wage discrepancy between tradable and non-tradable sectors had a decisive influence on the effect.

Academic Significance and Societal Importance of the Research Achievements

日本におけるバラッサ・サミュエルソン効果が1990年中頃以降に大きく変化していること、そして、その理由が貿易財部門と非貿易財部門との賃金比率の乖離にあることを実証的に明らかにした点は、国際金融並びに労働経済学の両面から重要な意義があるものと考える。また、実質為替レートの分析だけではなく、為替制度にまで広げて、財政規律との関係を分析できた点も昨今の各国の財政事情を考えると極めて意義のあるものだと考える。

Report

(4 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • Research Products

    (16 results)

All 2019 2018

All Journal Article (10 results) (of which Peer Reviewed: 2 results,  Open Access: 2 results) Presentation (6 results) (of which Invited: 1 results)

  • [Journal Article] Does government promote or hinder capital accumulation? Evidence from Japan's high-growth era2019

    • Author(s)
      Mariko Hatase and Yoichi Matsubayashi
    • Journal Title

      Structural Change and Economic Dynamics

      Volume: 49 Pages: 245-265

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Evaluating the Effectiveness of Foreign Exchange Intervention Using Counterfactual Analysis: Evidence from Japanese Intervention Episodes, 2010-20112019

    • Author(s)
      Taro Esaka and Takao Fujii
    • Journal Title

      Kobe City University of Foreign Studies Working Paper

      Volume: No.59 Pages: 1-70

    • Related Report
      2018 Research-status Report
  • [Journal Article] 訪日外国人消費動向調査」個票データ分析から得られる関西インバウンド戦略へのインプリケーション(2)-訪日外国人の移動パターン2019

    • Author(s)
      稲田義久・松林洋一・野村克輔
    • Journal Title

      APIR Trend Watch

      Volume: No.51 Pages: 1-43

    • Related Report
      2018 Research-status Report
  • [Journal Article] グローバル・インバランスについて:概念と展望2019

    • Author(s)
      松林洋一
    • Journal Title

      国民経済雑誌

      Volume: 219 Pages: 19-37

    • NAID

      40021895150

    • Related Report
      2018 Research-status Report
  • [Journal Article] 訪日外国人消費動向調査」個票データ分析から得られる関西インバウンド戦略へのインプリケーション(1)2018

    • Author(s)
      稲田義久・松林洋一・野村佑輔
    • Journal Title

      APIR Trend Watch

      Volume: No.47 Pages: 1-35

    • Related Report
      2018 Research-status Report
  • [Journal Article] 固定相場制の財政規律への因果効果 : Synthetic Control Methods による実証分析2018

    • Author(s)
      江阪太郎・藤井隆雄
    • Journal Title

      神戸大学大学院経済学研究科Discussion Paper

      Volume: 1813 Pages: 1-63

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] ハードペッグが財政規律に与える影響 : Synthetic Control Methods によるケーススタディ2018

    • Author(s)
      江阪太郎・藤井隆雄
    • Journal Title

      神戸大学大学院経済学研究科Discussion Paper

      Volume: 1814 Pages: 1-66

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] 不安的化する世界経済:1980-20152018

    • Author(s)
      松林洋一
    • Journal Title

      金融経済研究

      Volume: 40 Pages: 1-25

    • Related Report
      2017 Research-status Report
    • Peer Reviewed
  • [Journal Article] Credit Spread, Financial Market and Real Activities under Financial Instability: Empirical Evidence with MS-SBVAR2018

    • Author(s)
      Satoshi Tezuka and Yoichi Matsubayashi
    • Journal Title

      Graduate School of Economics, Kobe University Discussion paper

      Volume: 1812 Pages: 1-24

    • Related Report
      2017 Research-status Report
  • [Journal Article] Monetary Policy Communication of the Bank of Japan: Computational Text Analysis2018

    • Author(s)
      Yusuke Oshima and Yoichi Matsubayashi
    • Journal Title

      Graduate School of Economics, Kobe University Discussion paper

      Volume: 1816 Pages: 1-38

    • Related Report
      2017 Research-status Report
  • [Presentation] Evaluating the Effectiveness of Foreign Exchange Intervention Using Counterfactual Analysis: Evidence from Japanese Intervention Episodes, 2010-2011(江阪太郎准教授との共著)2019

    • Author(s)
      藤井隆雄
    • Organizer
      日本金融学会2019年度春季大会(於 学習院大学)
    • Related Report
      2019 Annual Research Report
  • [Presentation] 固定相場制の財政規律への因果効果:Synthetic Control Methodsによる実証分析(江阪太郎准教授との共著)2019

    • Author(s)
      藤井隆雄
    • Organizer
      釧路公立大学地域・産業研究会
    • Related Report
      2019 Annual Research Report
  • [Presentation] Evaluating the effectiveness of foreign exchange intervention using counterfactual analysis: Evidence from Japanese intervention episodes, 2010-2011 (江阪太郎准教授との共著)2019

    • Author(s)
      藤井隆雄
    • Organizer
      神戸市外国語大学 Economics workshop 2019
    • Related Report
      2018 Research-status Report
  • [Presentation] 最近のグローバル・インバランスの動向とその影響について2019

    • Author(s)
      松林洋一
    • Organizer
      内閣府経済社会総合研究所 経済政策フォーラム
    • Related Report
      2018 Research-status Report
  • [Presentation] 固定相場制と財政規律: Synthetic Control Methodsによる実証 (江阪太郎准教授との共著)2018

    • Author(s)
      藤井隆雄
    • Organizer
      日本金融学会2018年度春季大会
    • Related Report
      2018 Research-status Report
  • [Presentation] 財政の持続可能性とマクロ経済2018

    • Author(s)
      松林洋一
    • Organizer
      日本財政学会
    • Related Report
      2018 Research-status Report
    • Invited

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Published: 2017-04-28   Modified: 2021-02-19  

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