2013 Fiscal Year Research-status Report
経済成長・人的資本・環境変化・資源利用の相互作用に関する研究
| Project/Area Number |
25380246
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Research Institution | Ritsumeikan Asia Pacific University |
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Principal Investigator |
ZHANG Wei‐Bin 立命館アジア太平洋大学, 国際経営学部, 教授 (90331123)
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| Project Period (FY) |
2013-04-01 – 2018-03-31
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| Keywords | economic growth / resource / environment / habit / preference change / inequality / taxation / externalities |
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| Research Abstract |
In FY2013 the project was concentrated on a comprehensive review of the current literature of human capital with education, preference change, environment economics and resource economics. I mainly constructed a few models, which will play important roles in further studies. I have completed some articles. I published nine papers in peer-review journals and made one presentation in an international conference. For instance, in Zhang (2014) I proposed a growth model of heterogeneous households with economic structure, wealth accumulation, endogenous labour supply, and tax rates. The paper is focused on effects of redistribution policies on income and wealth distribution, economic structure and economic growth. It integrates the Walrasian general equilibrium theory and neoclassical economic growth within a comprehensive framework. I overcome the controversial features in the two traditional theories by applying an alternative approach to households. I build an analytical framework for a disaggregated and microfounded general theory of economic growth with endogenous wealth accumulation. I simulate the model to identify equilibrium, stability and to plot the motion of the dynamic system with three groups. I also carry out comparative dynamic analysis with regard to the lump tax, human capital and propensity to use leisure time.
Zhang, Wei-Bin (2014) A Study of the Role of Government in Income and Wealth Distribution by Integrating the Walrasian General Equilibrium and Neoclassical Growth Theories. Interdisciplinary Description of Complex Systems 12(1), 2014, 28-45.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
In the first year the project was concentrated on a comprehensive review of the current literature of human capital with education, preference change, environment economics and resource economics and the construction of models of dynamic interactions among capital, environment and resource dynamics. I mainly constructed a few models, which will play important roles in further studies. Although I had developed some growth models with environment and resources, these models are not comprehensive as they are built for economies with a single good, a single type of household, single kinds of environment and resources. In this year, based on my previous models, I mainly dealt with issues related to interactions among growth, human capital, preference change, environment and resources with economic structures. The project also participated in some international conferences to learn from other researchers in the field and to present the project's results.
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| Strategy for Future Research Activity |
In FY2014 I will concentrate on developing concrete and tractable models to explain various aspects of human capital with education, preference change, environment, resource, multi-regional and multi-country economic growth and development, heterogeneous households, endogenous capital accumulation and technological change. I also begin to explore population dynamics. I will conduct analysis from models with simple structures to ones with complicated structures and interactions. It is a well-mentioned fact that traditional growth theories have not been successfully extended to include endogenous human capital preference, environmental change and resource dynamics within a compact analytical framework because there is no proper economic modeling framework for properly dealing with the complicated interactions in a consistent manner. It is difficult to develop a comprehensive economic theory as it involves highly dimensional dynamic systems which tend to become analytically intractable. The rest of the project will continue to develop an integrated economic theory on the basis on my previous research on nonlinear dynamics, economics growth with endogenous knowledge and economic structure, growth with income and wealth distribution, growth with money, growth with environment, growth with resources, and spatial economics and international economics.
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Research Products
(12 results)
