2013 Fiscal Year Final Research Report
An analysis of rapid economic growth using dynamic general equilibrium models
Project/Area Number |
24730238
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Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Multi-year Fund |
Research Field |
Economic policy
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Research Institution | Hitotsubashi University |
Principal Investigator |
AOKI Shuhei 一橋大学, 大学院経済学研究科, 講師 (00584070)
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Project Period (FY) |
2012-04-01 – 2014-03-31
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Keywords | 動学的一般均衡モデル / 技術 / 生産性 / 経済成長 / 所得格差 |
Research Abstract |
This project conducted the following analyses to clarify the mechanisms behind the rapid economic growth until 1960s and recent stagnation in Japan. (1) It was both around the 1970s when the U.S. firms decelerated the technological transfers to the Japanese firms and when the U.S. firms decreased the share of incomes distributed to the middle and lower income classes. These events suggest that a deep structural change had occurred around 1970s. Using a dynamic general equilibrium model, we found that the decrease in income tax rate quantitatively accounts for the evolution of top incomes, i.e., growing income inequality, in the U.S. (2) Recently, not only the economic growth but also the research activities in the universities in Japan have also stagnated. This project found that the stagnation in the research activities can be accounted for by the decrease in research time of faculty members.
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Research Products
(9 results)
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[Remarks] Aoki, Shuhei and Megumi Kimura,"Allocation of Research Resources and Publication Productivity in Japan : A Growth Accounting Approach,"一橋大学IIRワーキングペーパー, WP#13-24, 2014年.
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[Remarks] Aoki, Shuhei and Makoto Nirei,"Zipf's law, Pareto's law, and the Evolution of Top Incomes in the U.S.,"TCER Working Paper, E-74, 2014年.
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