2002 Fiscal Year Final Research Report Summary
Applied General Equilibrium Analysis on Social Security System
| Project/Area Number |
13630109
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | HIROSHIMA UNIVERSITY |
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Principal Investigator |
KAN Toshikazu Hiroshima University, Faculty of Economics, Professor, 経済学部, 教授 (70033743)
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| Co-Investigator(Kenkyū-buntansha) |
FUTAMURA Hiroshi Hiroshima University, Faculty of Economics, Associate Professor, 経済学部, 助教授 (70263663)
TAKI Atsuhiro Hiroshima University, Faculty of Economics, Professor, 経済学部, 教授 (40216809)
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| Project Period (FY) |
2001 – 2002
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| Keywords | Generational Accounting / AGE Model |
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| Research Abstract |
This study attempted AGE (Applied general equilibrium) model analysis of the Japanese social security system.
The tentative results of the studies are as follows. (1) While GDP growth shows down, per-capita welfare level may improve due capital deepening generated by the increase in old to young population ratio and the increase in productivity level. It is shown as well that these general equilibrium outcomes depend on the parameter values which characterize the technologies and preferences of the models. (2) We make sure the mechanism of expanding public fiscal deficit by our analysis. To reconstruct the public fiscal conditions, we propose some political suggestions. (3) We develop the tools of calculating general equilibrium model by using spread sheets (for example, Microsoft Excel). It can be easily used by a personal computer.
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