2004 Fiscal Year Final Research Report Summary
Design of Economic Policies subject to Realistic Incentive Constraints
| Project/Area Number |
14330014
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
経済政策(含経済事情)
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| Research Institution | Hiroshima University |
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Principal Investigator |
FUTAMURA Hiroshi Hiroshima University, Graduate School of Social Science, Professor, 大学院・社会科学研究科, 教授 (70263663)
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| Co-Investigator(Kenkyū-buntansha) |
KAN Toshikazu Hiroshima University, Graduate School of Social Science, Professor, 大学院・社会科学研究科, 教授 (70033743)
YANO Junji Hiroshima University, Graduate School of Social Science, Professor, 大学院・社会科学研究科, 教授 (40210306)
TAKI Atsuhiro Hiroshima University, Graduate School of Social Science, Professor, 大学院・社会科学研究科, 教授 (40216809)
SENDA Takashi Hiroshima University, Graduate School of Social Science, Associate Professor, 大学院・社会科学研究科, 助教授 (00304387)
SUZUKI Yoshihisa Hiroshima University, Graduate School of Social Science, Associate Professor, 大学院・社会科学研究科, 助教授 (50311808)
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| Project Period (FY) |
2002 – 2004
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| Keywords | Economic Policy / Incentive Problem / Economics of Information / Public Work / Monetary Policy / Fiscal Policy / Demographic Structure / Economic Growth |
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| Research Abstract |
We gained many insights through this research project. The most significant one is to reconfirm the importance of taking the incentive structure of agents who have policy-related stakes, when designing economic policies.
Our research report consists of 3 parts. In Part 1 "Incentive Issues in Japanese Public Work", we analyzed the implication of incentive constraints on the public work contracts which we thought was the main cause of the inefficient public spending during 1990s. In Part 2 "A Review of Japanese Macroeconomic Policies", we analyzed the effects of monetary policies, fiscal policies, privatization of public activities, and nationalization of private businesses. In Part 3 "An Evaluation of Japanese Economy in a Long-run based on Dynamic General Equilibrium Models", we analyzed the effects of the structural changes in aggregate demand composition on the economic growth in aging societies.
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