| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Outline of Final Research Achievements |
In this research project, I conducted theoretical and empirical investigations on structural change analysis in economic research. The project consists of the following three topics. First, I investigated how to deal with the endogeneity problem in structural change analysis. In particular, I discussed the pros and cons of applying the instrumental variable approach and proposed a more efficient inference method by using the ordinary least squares. Second, I established a method of estimating and testing structural changes when the data are contaminated by low-frequency variations such as unknown trends and level shifts. Third, I studied ways to account for structural changes in forecasting macroeconomic variables in data-rich environments and proposed a new forecasting method. These results were presented in international and domestic academic conferences and published in international academic journals.
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