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Research & Development Risks and Macroeconomic Growth

Research Project

Project/Area Number 18K01502
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Review Section Basic Section 07010:Economic theory-related
Research InstitutionTokyo Institute of Technology

Principal Investigator

Hori Takeo  東京工業大学, 工学院, 准教授 (80547513)

Project Period (FY) 2018-04-01 – 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 2020: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2019: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2018: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Keywords研究開発 / 起業 / リスク / 異質性 / 借入制約 / 経済成長 / 技術進歩 / 金融政策 / 財政政策 / 企業 / バブル / 研究開発リスク / 起業のリスク / マクロ経済 / 起業活動
Outline of Final Research Achievements

The following two papers was published or accepted by the international refereed academic journals. Paper 1: Takeo Hori. Monetary Policy, Financial Frictions, and Heterogeneous R&D Firms in an Endogenous Growth Model, Scandinavian Journal of Economics, Wiley, Volume 122, Issue 4, 1343-373, Oct. 2020. Paper 2: Ryo Arawatari, Takeo Hori, Kauo Mino. Government expenditure and economic growth: A heterogeneous-agents approach. Journal of Macroeconomics 75, Article 103486, March. 2023.

Academic Significance and Societal Importance of the Research Achievements

研究開発にはリスクが付き物であり、その成果は個人や企業によって大きな差がある。マクロ経済学では、研究開発について長く分析されてきたが、伝統的な分析ではリスクや個人差が無視されてきた。本研究では、これらの要素を考慮して、金融政策および財政政策の分析を行った。とくに、研究開発の個人差を考慮すると、金融政策および財政政策の効果が大きく変わることを示した。
現在、日本の生産性成長が停滞する中、新しい要素を加えて研究開発の政策分析を行った本研究は、今後の経済成長に関して新しい知見を与えると考えられる。

Report

(6 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
  • Research Products

    (12 results)

All 2023 2021 2020 2019 2018 Other

All Int'l Joint Research (3 results) Journal Article (4 results) (of which Peer Reviewed: 2 results,  Open Access: 2 results) Presentation (3 results) (of which Invited: 1 results) Remarks (2 results)

  • [Int'l Joint Research] マンチェスター大学/アバディーン大学(英国)

    • Related Report
      2022 Annual Research Report
  • [Int'l Joint Research] マンチェスター大学/アバディーン大学(英国)

    • Related Report
      2020 Research-status Report
  • [Int'l Joint Research] マンチェスター大学/アバディーン大学(英国)

    • Related Report
      2018 Research-status Report
  • [Journal Article] Government expenditure and economic growth: A heterogeneous-agents approach2023

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

      Journal of Macroeconomics

      Volume: 75 Pages: 103486-103486

    • DOI

      10.1016/j.jmacro.2022.103486

    • Related Report
      2022 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Asset Bubbles, Entrepreneurial Risks, and Economic Growth2021

    • Author(s)
      Takeo Hori and Ryonghun Im
    • Journal Title

      京都大学経済研究所Discussion Paper

      Volume: 1052

    • Related Report
      2020 Research-status Report
    • Open Access
  • [Journal Article] Short- and Long-run Impacts of Bursting Bubbles2020

    • Author(s)
      Takeo Hori and Ryonghun Im
    • Journal Title

      京都大学経済研究所Discussion Paper

      Volume: 1036

    • Related Report
      2020 Research-status Report
    • Open Access
  • [Journal Article] Monetary Policy, Financial Frictions, and Heterogeneous R&D Firms in an Endogenous Growth Model2020

    • Author(s)
      Takeo Hori
    • Journal Title

      Scandinavian Journal of Economics

      Volume: 122 Issue: 4 Pages: 1343-1373

    • DOI

      10.1111/sjoe.12387

    • Related Report
      2020 Research-status Report 2019 Research-status Report
    • Peer Reviewed
  • [Presentation] 経済成長とバブル2020

    • Author(s)
      堀健夫
    • Organizer
      経済理論ワークショップ
    • Related Report
      2019 Research-status Report
  • [Presentation] Bubbles, Uninsured Risky Investment, and Endogenous Growth2019

    • Author(s)
      堀健夫
    • Organizer
      第11回リスク研究センター主催 経済成長セミナー 滋賀大学
    • Related Report
      2018 Research-status Report
    • Invited
  • [Presentation] 経済成長とバブル2018

    • Author(s)
      堀健夫
    • Organizer
      経済成長、物価、及び労働市場に関する研究報告会 青森国立大学
    • Related Report
      2018 Research-status Report
  • [Remarks] Researcher Information | Tokyo Tech STAR Search

    • URL

      https://search.star.titech.ac.jp/titech-ss/pursuer.act?event=outside&key_rid=7000017674&lang=en

    • Related Report
      2022 Annual Research Report
  • [Remarks] Takeo Hori's HP

    • URL

      https://sites.google.com/view/takeohori

    • Related Report
      2021 Research-status Report

URL: 

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

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