2017 Fiscal Year Final Research Report
Empirical analysis on the impediments to international IP transactions and the sophistication of communication and transport technology
| Project/Area Number |
15K03467
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Hosei University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
伊藤 萬里 青山学院大学, 経済学部, 准教授 (40424212)
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| Project Period (FY) |
2015-04-01 – 2018-03-31
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| Keywords | 貿易コスト / 重力モデル |
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| Outline of Final Research Achievements |
This study analyze trade costs, which are the major impediments to efficient inter national and regional transactions. We confirm the estimation biases when using price data to identify the size of trade costs. In particular, with regard to pricing to market, the magnitude of trade costs is under-estimated without controlling for pricing-to-market behavior.
We also examine the relationship between trade costs and the fluctuation of transaction volume. We estimate the effect of trade costs on quantity traded by using gravity model. Our empirical analysis reveals that gravity model performs well even when using largely volatile daily transaction data. We also show the incident of trade costs: how much supply or demand side pay the burden of trade costs.
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| Free Research Field |
国際経済学
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