| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2011: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Research Abstract |
This research project explores various effects of structural transformation on long-term economic growth as well as on the patterns of business fluctuations. More specifically, I have investigated the following three topics: (i) the impacts of endogenous change in preferences structure of households generated by the commodity-specific external habit formation in consumption, (ii) the relation between changes in demand structure and expectations-driven real business cycles; and (iii) the effects of changes in the structure of international trade and on the presence of expectations-driven business cycles in open economy settings.
In dealing with each topic, I constructed a specific macro dynamic model with some new features that have not been employed by the foregoing, related studies. Due to these new aspects of modelling, I successfully obtained several new findings that would be useful additions to the literature.
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