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Dynamic analysis of fiscal policy, deregulation/privatization policy

Research Project

Project/Area Number 17K17975
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Economic theory
Economic policy
Research InstitutionRyukoku University (2021-2022)
Aomori Public College (2017-2020)

Principal Investigator

Takao Kizuku  龍谷大学, 経済学部, 講師 (10755680)

Project Period (FY) 2017-04-01 – 2023-03-31
Project Status Completed (Fiscal Year 2022)
Budget Amount *help
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Keywordsマクロ経済学 / 産業組織論 / 市場構造 / 財政政策 / 規制緩和 / 民営化
Outline of Final Research Achievements

We conducted three studies on fiscal policy and deregulation/privatization policy: (1) We theoretically pointed out that when competition in the goods market becomes tight, the trend economic growth rate increases, but at the same time, it may destabilize economic fluctuations. (2) We successfully characterize the Markov perfect Nash equilibrium solution for a mixed oligopoly market where public and private firms compete. We show that there exists a non-monotonic relationship between the degree of privatization and equilibrium prices and that the optimal degree of privatization is significantly higher than the results for other equilibrium concepts. (3) The interaction between goods and labor market competition is analyzed from a long-run perspective.

Academic Significance and Societal Importance of the Research Achievements

最近の研究成果から, 長期的なマクロ経済政策を考察する際に, 市場構造の変化に伴う二次的効果を通じた生産・投資活動への間接的影響が, 政策含意に大きな影響を与えることが示されている. また, 産業組織論の既存研究では, 動学的視点を踏まえた市場構造の変化についての研究蓄積が乏しいことが指摘されている. 本研究は, 上記の学術的背景から, マクロ経済学と産業組織論双方の知見を有機的に結び付け, 財政政策, 規制緩和・民営化政策の政策含意を分析する点に大きな特色・独創性を持つ. また, マクロ経済学と産業組織論で個別に議論されているその他の経済諸問題への応用可能性を示唆することも期待される.

Report

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

    (7 results)

All 2019 2018 2017

All Journal Article (3 results) (of which Peer Reviewed: 2 results,  Open Access: 3 results) Presentation (4 results) (of which Int'l Joint Research: 4 results)

  • [Journal Article] Mixed duopoly: Differential game approach2019

    • Author(s)
      Futagami Koichi、Matsumura Toshihiro、Takao Kizuku
    • Journal Title

      Journal of Public Economic Theory

      Volume: 21 Issue: 4 Pages: 771-793

    • DOI

      10.1111/jpet.12372

    • Related Report
      2019 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] Mixed Duopoly: A Differential Game Approach2017

    • Author(s)
      Koichi Futagami, Toshihiro Matsumura, Kizuku Takao
    • Journal Title

      KIER Discussion Paper Series, Institute of Economic Research, Kyoto University

      Volume: 969 Pages: 1-53

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] 摩擦的労働市場を伴う独占的競争モデルの厚生分析2017

    • Author(s)
      高尾 築
    • Journal Title

      青森公立大学論纂

      Volume: 3 Pages: 29-38

    • NAID

      120006358277

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access
  • [Presentation] Fiscal Policy and Transitional Dynamics in a Schumpeterian Model with Step-by-Step Innovation2018

    • Author(s)
      Kizuku Takao
    • Organizer
      The 2018 International Conference on Public Economic Theory (PET 2018)
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Fiscal Policy and Transitional Dynamics in a Schumpeterian Model with Step-by-Step Innovation2018

    • Author(s)
      Kizuku Takao
    • Organizer
      The 2018 Asian Meeting of the Econometric Society
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Fiscal Policy and Transitional Dynamics in a Schumpeterian Model with Step-by-Step Innovation2018

    • Author(s)
      Kizuku Takao
    • Organizer
      45rd Annual Conference of the European Association for Research in Industrial Economics (EARIE 2018)
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Fiscal Policy and Transitional Dynamics in a Schumpeterian Model with Step-by-Step Innovation2017

    • Author(s)
      Kizuku Takao
    • Organizer
      Singapore Economic Review Conference 2017
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research

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

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