Analysis of the Effect of Economic Growth on Unemployment and Labor Market Flows

2011 Fiscal Year Final Research Report

• Project/Area Number: 22730164
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Economic theory
• Research Institution: International University of Japan
• Principal Investigator: MIYAMOTO Hiroaki 国際大学, 国際関係学研究科, 准教授 (10348831)
• Research Collaborator: TAKAHASHI Yuya 独マンハイム大学, 経済学部, 講師
• Project Period (FY): 2010 – 2011
• Keywords: 経済成長 / 失業 / サーチ理論

Research Abstract

This project studies the impact of long-run productivity growth on unemployment. This study first establishes several important facts on the relationship between productivity growth and labor market variables ; productivity growth increases the job finding rate and reduces the separation rate, lowing unemployment at low frequencies in the US. In order to explain these observed facts, I develop a search and matching model with on-the-job search, and shows that the theoretical model generates an empirically consistent prediction. This research project appeared in the international well known academic journal, Journal of Monetary Economics.

Research Products

• [Journal Article] Gross Worker Flows and Unemployment Dynamics in Japan (2012)
  • Author(s): Lin, C.-Y. and Miyamoto, H
  • Journal Title: Journal of The Japanese and International Economies Volume: Vol.26 Issue1 Pages: 44-61
  • URL: http://dx.doi.org/10.1016/j.jjie.2011.09.004
• [Journal Article] Unemployment and Labor Force Participation in Japan (2012)
  • Author(s): Kakinaka, M. and Miyamoto, H
  • Journal Title: Applied Economics Letters Volume: Vol.19 Issue11 Pages: 1039-1043
  • DOI: DOI:10.1080/13504851.2011.613742
• [Journal Article] Productivity Growth, On-the-Job Search, and Unemployment (2011)
  • Author(s): Miyamoto, H. and Takahashi, Y
  • Journal Title: Journal of Monetary Economics Volume: Vol.58, Issues 6.8 Pages: 666-680
  • URL: http://dx.doi.org/10.1016/j.jmoneco.2011.11.007
• [Journal Article] Cyclical Behavior of Unemployment and Job Vacancies in Japan (2011)
  • Author(s): Miyamoto, H
  • Journal Title: Japan and the World Economy Volume: Vol.23Issue3 Pages: 214-225
  • URL: http://dx.doi.org/10.1016/j.japwor.2011.04.001
• [Journal Article] Efficiency in a Search and Matching Model with Training Costs (2011)
  • Author(s): Miyamoto, H
  • Journal Title: Economic Modelling Volume: Vol.28 Pages: 1838-1841
  • URL: http://dx.doi.org/10.1016/j.econmod.2011.03.017
• [Journal Article] Cyclical Behavior of a Matching Model with Capital Investment (2011)
  • Author(s): Miyamoto, H
  • Journal Title: The B. E. Journal of Macroeconomics Volume: Vol.11, Iss. 1
  • DOI: DOI:10.2202/1935-1690.1940
• [Journal Article] Unemployment, and Labor Market Policies (2010)
  • Author(s): Miyamoto, H
  • Journal Title: Japan and the World Economy Volume: Vol.22(3) Pages: 198-205
  • URL: http://dx.doi.org/10.1016/j.japwor.2011.04.001
• [Presentation] (2010)
  • Organizer: マクロワークショップ
  • Place of Presentation: 東京大学
  • Year and Date: 20101100
• [Presentation] (2010)
  • Organizer: サーチ理論ワークショップ
  • Place of Presentation: 関西大学
  • Year and Date: 20100600
• [Presentation] (2010)
  • Organizer: ワークショップ
  • Place of Presentation: 筑波大学システム情報工学研究科
  • Year and Date: 20100200
• [Presentation] (2009)
  • Organizer: 第2回サーチ理論コンファレンス
  • Place of Presentation: 大阪大学社会経済研究所
  • Year and Date: 20091200
• [Remarks]
  • URL: https://sites.google.com/site/hiroswebsite/