| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2016: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2014: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
This research theoretically and empirically examines why an extensive reform of a political-economic system, including a reform toward a more efficient system, invites a temporal, and often substantial loss of economic output. The research formally shows conditions under which even a reform toward more efficient system invites an output loss. The theoretical model was empirically verified by cross industry analysis of Japanese reform experience during 1990-2005 and cross national analysis.
Most of the past research on this topic examined why capitalist transitions of post-communist states invited disastrous results. This research shows transitions between different varieties of capitalism, neoliberal reform initiatives as a typical example, might invite similar results.
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