2013 Fiscal Year Final Research Report
Measuring Impacts of Governmental Subsidies on Household Consumption
| Project/Area Number |
22730226
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic policy
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| Research Institution | Hitotsubashi University (2012-2013)
Kobe University (2010-2011) |
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Principal Investigator |
UNAYAMA TAKASHI 一橋大学, 経済研究所, 非常勤研究員 (20348840)
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| Project Period (FY) |
2010-04-01 – 2014-03-31
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| Keywords | 消費 / ライフサイクル仮説 |
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| Research Abstract |
This project measures the impact of governmental subsidies on household consumption to 1) test the lifecycle-permanent income hypothesis (LCPIH) and 2) derive an implication to the macroeconomic policy. We find that household behavior looks contradict to the LCPIH but the degree of deviation is not so large. The implication of this results is that a consumption-stimulating macro policy is not so effective.
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