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A Study on Macroeconomic Model of Price Fluctuation and Inventories Investment

Research Project

Project/Area Number 25885032
Research Category

Grant-in-Aid for Research Activity Start-up

Allocation TypeSingle-year Grants
Research Field Economic theory
Research InstitutionHitotsubashi University

Principal Investigator

TONOGI Akiyuki  一橋大学, 経済研究所, 特任講師 (20709688)

Project Period (FY) 2013-08-30 – 2015-03-31
Project Status Completed (Fiscal Year 2014)
Budget Amount *help
¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
KeywordsPOSデータ / 消費者物価 / 特売行動 / プロダクト・イノベーション / (S,s)モデル / 物価指数 / R&D / 経済理論 / 構造モデル / 在庫投資 / 価格変動
Outline of Final Research Achievements

Based on the empirical research on POS data,The five facts on the diversity of pricing behavior in retailers became clear. Implementing calibration of (S,s) Model, which is a Non-linear optimization model of retailer's behavior, we had successed to generate the simulation results which reproduce the characteristics of the diversity depends on the retailer's deep parameters, such as storage cost, menu cost, order cost, and demand curve parameter.
And we constructed a unit value price index based on the POS data, and decomposed the movements of the index into three factors: price change effect, substitution effects, and new product turnover effect. We discover the large minus contribution of substitution effect before the hiking consumption tax rate in April 2014, and also, we noticed the persistent higher contribution of the new product turnover effect after the event, which is the main cause of 1-1.5% inflation rate of the unit value price index during the FY2014.

Report

(3 results)
  • 2014 Annual Research Report   Final Research Report ( PDF )
  • 2013 Annual Research Report
  • Research Products

    (13 results)

All 2015 2014 Other

All Journal Article (2 results) (of which Open Access: 1 results,  Acknowledgement Compliant: 2 results) Presentation (8 results) (of which Invited: 3 results) Remarks (3 results)

  • [Journal Article] Empirical Research on Depreciation of Business R&D Capital2015

    • Author(s)
      Akiyuki Tonogi, Michiyo Kitaoka, and Wendy Li
    • Journal Title

      ESRI Discussion Paper Series

      Volume: 319 Pages: 1-16

    • Related Report
      2014 Annual Research Report
    • Open Access / Acknowledgement Compliant
  • [Journal Article] Effects of New Goods and Product Turnover on Price Indexes2015

    • Author(s)
      Naohito Abe, Toshiki Enda, Noriko Inakura, and Akiyuki Tonogi
    • Journal Title

      RCESR Discussion Paper Series

      Volume: DP15-2 Pages: 1-25

    • Related Report
      2014 Annual Research Report
    • Acknowledgement Compliant
  • [Presentation] Effects of New Goods and Product Turnover on Price Indexes2015

    • Author(s)
      Naohito Abe
    • Organizer
      The 30th Annual Congress of the European Economic Association
    • Place of Presentation
      University of Mannheim, Germany
    • Year and Date
      2015-08-24 – 2015-08-27
    • Related Report
      2014 Annual Research Report
  • [Presentation] Effects of New Goods and Product Turnover on Price Indexes2015

    • Author(s)
      Akiyuki Tonogi
    • Organizer
      日本経済学会2015年春大会
    • Place of Presentation
      新潟大学, 新潟県新潟市
    • Year and Date
      2015-05-24
    • Related Report
      2014 Annual Research Report
  • [Presentation] Economic Growth Analysis on Japan in Dynamic General Equilibrium Model with R&D2015

    • Author(s)
      Akiyuki Tonogi
    • Organizer
      明治大学経済学コンファレンス
    • Place of Presentation
      明治大学, 東京都千代田区
    • Year and Date
      2015-03-04
    • Related Report
      2014 Annual Research Report
  • [Presentation] Empirical Research on Depreciation of Business R&D Capital2015

    • Author(s)
      Akiyuki Tonogi
    • Organizer
      ESRI Seminar
    • Place of Presentation
      内閣府経済社会総合研究所, 東京都千代田区
    • Year and Date
      2015-02-18
    • Related Report
      2014 Annual Research Report
  • [Presentation] Economic Growth Analysis on Japan in Dynamic General Equilibrium Model with R&D and Human Capital2014

    • Author(s)
      Akiyuki Tonogi
    • Organizer
      イノベーション・セミナー
    • Place of Presentation
      一橋大学, 東京都国立市
    • Year and Date
      2014-09-08
    • Related Report
      2014 Annual Research Report
    • Invited
  • [Presentation] 08SNAとJSNAにおけるR&D資本化2014

    • Author(s)
      外木暁幸
    • Organizer
      イノベーション・フォーラム
    • Place of Presentation
      一橋大学, 東京都国立市
    • Year and Date
      2014-06-25
    • Related Report
      2014 Annual Research Report
    • Invited
  • [Presentation] R&D資本投資の四半期及び確報推計手法の研究2014

    • Author(s)
      外木暁幸
    • Organizer
      ESRI Brawn Bag Lunch Seminar
    • Place of Presentation
      内閣府経済社会総合研究所, 東京都千代田区
    • Year and Date
      2014-04-25
    • Related Report
      2014 Annual Research Report
    • Invited
  • [Presentation] The Relation between Inventory Investment and Price Dynamics in a Distributive Firm

    • Author(s)
      外木暁幸
    • Organizer
      日本経済学会秋季大会 2013
    • Place of Presentation
      神奈川大学(神奈川県横浜市神奈川区)
    • Related Report
      2013 Annual Research Report
  • [Remarks] SRI一橋大学消費者購買指数

    • URL

      http://risk.ier.hit-u.ac.jp/Japanese/nei/

    • Related Report
      2014 Annual Research Report
  • [Remarks] インテージ・一橋大学・新日本スーパーマーケット協会共同 流通・消費・経済指標開発プロジェクト

    • URL

      http://www.intage.co.jp/shisuu/

    • Related Report
      2014 Annual Research Report
  • [Remarks] Tonogi, Akiyuki's Website

    • URL

      http://homepage1.nifty.com/tonogi/akiyuki-page/

    • Related Report
      2013 Annual Research Report

URL: 

Published: 2013-09-12   Modified: 2019-07-29  

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