2022 Fiscal Year Final Research Report
Barriers to Land Development: Using Natural Experiment in the Edo-period Land Market Institution
| Project/Area Number |
19K13682
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07040:Economic policy-related
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| Research Institution | Kobe University |
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Principal Investigator |
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| Project Period (FY) |
2019-04-01 – 2023-03-31
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| Keywords | 土地開発 / Longer Time Horizon / Lot Size Premia / 大名 / 東京 / 開発経済学 / 日本経済史 |
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| Outline of Final Research Achievements |
This study analyzed (1) whether political rulers increase investment in land development and improvement in their territory when they gain a prospect of ensuring long-term ownership of the land, and (2) the relationship between land readjustment costs and land use, and analyzed the long-term effects of large land ownership. As for (1), we analyze it using the Edo period context and find that reducing the risk actually promotes investment, and the paper was published in a top journal of development economics. As for (2), we find that daimyo estates in Tokyo still have large plots of land today, which makes it possible to build high-rise buildings and increase land prices. The paper received an award at an international conference.
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| Free Research Field |
開発経済学、政治経済学、都市経済学、歴史経済学
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| Academic Significance and Societal Importance of the Research Achievements |
政治的支配者の領地への投資がどう促されるのかは、国家の起源に関わる重要な論点である一方、データなどの制約から実証研究の俎上にのることが少なかった。本研究はその中で江戸時代のデータとコンテクスト用いた重要な研究であると評価され、開発経済学のトップジャーナルに掲載されることとなった。同様に、区画変更の調整コストに関しても、都市部における研究が少なく、その重要性が評価されアメリカ不動産都市経済学会共催の学会において、学会賞を受賞することとなった。
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