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Political economic analysis of fiscal consolidation strategy

Research Project

Project/Area Number 18H03635
Research Category

Grant-in-Aid for Scientific Research (A)

Allocation TypeSingle-year Grants
Section一般
Review Section Medium-sized Section 7:Economics, business administration, and related fields
Research InstitutionNational Graduate Institute for Policy Studies

Principal Investigator

Ihori Toshihiro  政策研究大学院大学, 政策研究科, 名誉教授 (40145652)

Co-Investigator(Kenkyū-buntansha) 板谷 淳一  北海道大学, 経済学研究院, 特任教授 (20168305)
吉川 洋  立正大学, 経済学部, 教授 (30158414)
小西 秀樹  早稲田大学, 政治経済学術院, 教授 (50225471)
赤井 伸郎  大阪大学, 国際公共政策研究科, 教授 (50275301)
中川 真太郎  甲南大学, 経済学部, 教授 (20522650)
土居 丈朗  慶應義塾大学, 経済学部(三田), 教授 (60302783)
寺井 公子  慶應義塾大学, 経済学部(三田), 教授 (80350213)
亀田 啓悟  関西学院大学, 総合政策学部, 教授 (80286608)
Project Period (FY) 2018-04-01 – 2021-03-31
Project Status Completed (Fiscal Year 2022)
Budget Amount *help
¥42,900,000 (Direct Cost: ¥33,000,000、Indirect Cost: ¥9,900,000)
Fiscal Year 2020: ¥14,430,000 (Direct Cost: ¥11,100,000、Indirect Cost: ¥3,330,000)
Fiscal Year 2019: ¥13,390,000 (Direct Cost: ¥10,300,000、Indirect Cost: ¥3,090,000)
Fiscal Year 2018: ¥15,080,000 (Direct Cost: ¥11,600,000、Indirect Cost: ¥3,480,000)
Keywords財政赤字 / 財政健全化 / 世代間の受益と負担 / 財政指標 / 持続可能性 / 政府間財政 / 財政の持続可能性 / 財政制度 / 健全化戦略 / 財政ルール / マクロ経済指標 / ミクロ財政指標 / マクロ財政指標 / 利害調整 / 利益団体 / 公共財
Outline of Final Research Achievements

This project investigated empirically and theoretically the desirable fiscal management which should be consistent with private economic activities and enhance economic welfare from the long-run viewpoint. Particularly, we analyzed efficient and equitable fiscal consolidation strategy, which is sustainable in a political economy. We first evaluated fiscal indicators of tax, public expenditure and fiscal deficit, and then the economic effect of fiscal management and fiscal sustainability qualitatively and quantitatively. By doing so, we derived the optimal fiscal consolidation strategy in an aging society. We also consider the economic effect of fiscal consolidation in a global world with public debt accumulation.

Academic Significance and Societal Importance of the Research Achievements

我が国の財政状況は悪化している。しかも、単なる不況期の財政悪化にとどまらず、構造的に公債残高の累増が続いている。こうした我が国の危機的な財政状況を踏まえて、望ましい財政健全化戦略を分析することは、学術的に有意義であると共に、政策的な意義も大きい。特に、これから経済成長の低迷に直面しながら、増加する高齢者世代を支える若い世代や将来世代にとって、彼らの利害もきちんと考慮した研究とそれに基づく政策提言を考察するのは有益である。

Report

(4 results)
  • 2022 Final Research Report ( PDF )
  • 2020 Annual Research Report
  • 2019 Annual Research Report
  • 2018 Annual Research Report
  • Research Products

    (44 results)

All 2021 2020 2019 2018 Other

All Int'l Joint Research (6 results) Journal Article (15 results) (of which Int'l Joint Research: 5 results,  Peer Reviewed: 13 results,  Open Access: 7 results) Presentation (16 results) (of which Int'l Joint Research: 13 results,  Invited: 1 results) Book (6 results) Funded Workshop (1 results)

  • [Int'l Joint Research] University of California, Irvine/Washington State University(米国)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] Max Planck Institute(ドイツ)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] Academia Sinica, Taiwan(その他の国・地域)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] University of California, Irvine/Washington State University(米国)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Max Planck Institute(ドイツ)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Academia Sinica, Taiwan(その他の国・地域)

    • Related Report
      2018 Annual Research Report
  • [Journal Article] How an ineffective agent can increase his budget2021

    • Author(s)
      Terai, Kimiko, Amihai Glazer
    • Journal Title

      Economics and Politics

      Volume: 33(1) Issue: 1 Pages: 133-147

    • DOI

      10.1111/ecpo.12162

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Effects of reconstruction works on private employment after a natural disaster: A case in the stricken area of the Great East Japan Earthquake2021

    • Author(s)
      Kameda Keigo、Miwa Hiroyoshi、Nagamine Jun-ichi
    • Journal Title

      International Journal of Disaster Risk Reduction

      Volume: 52 Pages: 101968-101968

    • DOI

      10.1016/j.ijdrr.2020.101968

    • NAID

      120007191098

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Aging and deflation from a fiscal perspective2020

    • Author(s)
      Katagiri Mitsuru、Konishi Hideki、Ueda Kozo
    • Journal Title

      Journal of Monetary Economics

      Volume: 111 Pages: 1-15

    • DOI

      10.1016/j.jmoneco.2019.01.018

    • Related Report
      2020 Annual Research Report 2018 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Delegation of Taxation Authority and Multipolicy Commitment in a Decentralized Leadership Model2020

    • Author(s)
      Akai Nobuo、Watanabe Takahiro
    • Journal Title

      Public Finance Review

      Volume: 48 Issue: 4 Pages: 505-537

    • DOI

      10.1177/1091142120930389

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Empirical Analysis of the Effect of the Level of Urban Compactness on Land Prices2020

    • Author(s)
      沓澤 隆司、竹本 亨、赤井 伸郎
    • Journal Title

      Public Finance Studies

      Volume: 16 Issue: 0 Pages: 190-212

    • DOI

      10.50898/pfsjipf.16.0_190

    • NAID

      130008142852

    • ISSN
      2436-3421
    • Related Report
      2020 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Are Moderate Leviathans Harmful to Tax Coordination?2020

    • Author(s)
      Jun-ichi Itaya, Chikara Yamaguchi
    • Journal Title

      FinanzArchiv (FA)

      Volume: Online First Issue: 2 Pages: 1-26

    • DOI

      10.1628/fa-2020-0003

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Interindustry linkages of prices---Analysis of Japan's deflation2020

    • Author(s)
      Yuichi Kichikawa, Hiroshi Iyetomi, Hideaki Aoyama, Yoshi Fujiwara, Hiroshi Yoshikawa
    • Journal Title

      PLoS ONE

      Volume: 15 Issue: 2 Pages: 1-26

    • DOI

      10.1371/journal.pone.0228026

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] National Accountsを用いたOECD加盟国の財政の国際比較の試み2020

    • Author(s)
      中川真太郎
    • Journal Title

      甲南経済学論集

      Volume: 60 Pages: 93-122

    • Related Report
      2019 Annual Research Report
  • [Journal Article] Heterogeneous Firms and Lobby Participation Decision2019

    • Author(s)
      Ahmed Waqar Qasim & Jun-ichi Itaya
    • Journal Title

      Economics Bulletin

      Volume: 39 Pages: 2415-2422

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Corruption Political Stability and Efficiency of Government Expenditure on Health Care: Evidence from Asian Countries2019

    • Author(s)
      N. AKAI and Z Cui
    • Journal Title

      Central Asian Review of Economics and Policy

      Volume: 1 Issue: 3 Pages: 1-18

    • DOI

      10.15604/carep.2019.01.03.001

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] 補正予算とシーリング2019

    • Author(s)
      寺井公子
    • Journal Title

      経済研究

      Volume: 70 Pages: 81-95

    • NAID

      120007032602

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Why Principals Tolerate Biases of Inaccurate Agents2019

    • Author(s)
      Kimiko Terai, Amihai Glazer
    • Journal Title

      Economics and Politics

      Volume: 31 Issue: 1 Pages: 97-111

    • DOI

      10.1111/ecpo.12119

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] The Role of Matching Grants as a Commitment Device in the Federation Model with a Repeated Soft Budget Setting2019

    • Author(s)
      Nobuo AKAI and Motohiro Sato
    • Journal Title

      Economics of Governance

      Volume: 20 Issue: 1 Pages: 23-39

    • DOI

      10.1007/s10101-019-00221-7

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Rivalry Among Agents Seeking Large Budgets2018

    • Author(s)
      Kimiko Terai, Amihai Glazer
    • Journal Title

      Journal of Theoretical Politics

      Volume: 30 Issue: 4 Pages: 388-409

    • DOI

      10.1177/0951629818791029

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] リスク対応としての安全保障支出2018

    • Author(s)
      井堀利宏
    • Journal Title

      財政研究

      Volume: 14 Pages: 101-119

    • Related Report
      2018 Annual Research Report
  • [Presentation] Environmental Quality, Dirty Consumption and Abatement Attempts in an Inequality Economy2020

    • Author(s)
      Toshihiro Ihori
    • Organizer
      札幌財政学研究会
    • Related Report
      2020 Annual Research Report
  • [Presentation] Replicator Evolution of Welfare Stigma: Welfare Fraud vs. Incomplete Take-up2020

    • Author(s)
      板谷 淳一
    • Organizer
      沖縄財政学研究会
    • Related Report
      2020 Annual Research Report
  • [Presentation] Election, Commitment and Interregional Transfer in Decentralized Leadership2020

    • Author(s)
      赤井 伸郎
    • Organizer
      沖縄財政学研究会
    • Related Report
      2020 Annual Research Report
  • [Presentation] Distributive Impacts of Social Protection Systems in OECD Countries: Public-Private Mix and the Hidden Welfare States2019

    • Author(s)
      Hideki Konishi
    • Organizer
      International Institute of Public Finance
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Threat Misestimations and the Role of NGOs in International Risk Management2019

    • Author(s)
      T. Ihori
    • Organizer
      Public Economics Theory
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Threat Misestimations and the Role of NGOs in International Risk Management: Revised2019

    • Author(s)
      T. Ihori
    • Organizer
      Singapore Economic Review Conference
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] 社会保障と財政の持続可能性2019

    • Author(s)
      井堀利宏
    • Organizer
      第4回日中財政シンクタンクフォーラム
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Evolutionary game of welfare stigma: Welfare fraud vs Ro-kyuJ.2019

    • Author(s)
      J. Itaya
    • Organizer
      Public Economic Theory
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Income Taxation, Equilibrium Indeterminacy and Taylor Rules2019

    • Author(s)
      J. Itaya
    • Organizer
      SAET Conference
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Threat Misestimations and the Role of NGOs in International Risk Management2019

    • Author(s)
      S. Nakagawa
    • Organizer
      International Institute of Public Finance
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] National Emergency and Security Spending2019

    • Author(s)
      Ihori, T.
    • Organizer
      Public Choice Society
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Threat Misestimations and the Role of NGOs in International Risk Managemeny2019

    • Author(s)
      T. Ihori
    • Organizer
      Waseda-Australia Conference on Political Economy
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Existence, Uniqueness, Comparative Statics and Algorithm for Identifying Free-Riders in Multiple Public Good Games: Replacement Correspondence Approach2018

    • Author(s)
      Itaya, J.
    • Organizer
      International Conference on Public Economic Theory
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Social Capital and the Status Externality2018

    • Author(s)
      Itaya, J.
    • Organizer
      Society for the Advancement of Economic Theory at Academia Sinica, Taipei
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Existence, Uniqueness, Comparative Statics and Algorithm for Identifying Free-Riders in Multiple Public Good Games: Replacement Correspondence Approach2018

    • Author(s)
      Itaya, J.
    • Organizer
      Society for the Advancement of Economic Theory in Tampere, Finland
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Multi-commitment of regional policy with spillover and ex post fiscal transfers2018

    • Author(s)
      Akai, No.
    • Organizer
      International Conference on Public Economic Theory
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Book] The Political Economy of Population Aging: Japan and the United States2021

    • Author(s)
      Terai, Kimiko, Amihai Glazer, and Naomi Miyazato
    • Total Pages
      114
    • Publisher
      Springer
    • ISBN
      9789811655357
    • Related Report
      2020 Annual Research Report
  • [Book] マクロ経済学の再構築――ケインズとシュンペーター2020

    • Author(s)
      吉川洋
    • Total Pages
      320
    • Publisher
      岩波書店
    • Related Report
      2019 Annual Research Report
  • [Book] 日本の公的医療保険とモラル・ハザード2020

    • Author(s)
      寺井公子
    • Total Pages
      47
    • Publisher
      三菱経済研究所
    • ISBN
      9784943852759
    • Related Report
      2019 Annual Research Report
  • [Book] International Governance and Risk Management2019

    • Author(s)
      T. Ihori, M. McGuire and S. Nakagawa
    • Total Pages
      258
    • Publisher
      Springer
    • ISBN
      9789811388743
    • Related Report
      2019 Annual Research Report
  • [Book] マクロ経済学の再構築――ケインズとシュンペーター2019

    • Author(s)
      吉川洋
    • Publisher
      岩波書店
    • Related Report
      2018 Annual Research Report
  • [Book] Procyclical Fiscal Policy2019

    • Author(s)
      Toshihiro Ihori and Keigo Kameda
    • Total Pages
      68
    • Publisher
      Springer
    • ISBN
      9789811329944
    • Related Report
      2018 Annual Research Report
  • [Funded Workshop] Irvine-Japan Conference on Public Policy2020

    • Related Report
      2019 Annual Research Report

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Published: 2018-04-23   Modified: 2024-01-30  

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