Political Economic Transition and Output Loss: Panel Data Analysis.

2017 Fiscal Year Final Research Report

• Project/Area Number: 26380191
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Politics
• Research Institution: International University of Japan
• Principal Investigator: Kato Sota 国際大学, GLOCOM, 教授(移行) (50449419)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Keywords: 比較政治経済学 / 資本主義の多様性 / 制度転換

Outline of Final Research Achievements

This research theoretically and empirically examines why an extensive reform of a political-economic system, including a reform toward a more efficient system, invites a temporal, and often substantial loss of economic output. The research formally shows conditions under which even a reform toward more efficient system invites an output loss. The theoretical model was empirically verified by cross industry analysis of Japanese reform experience during 1990-2005 and cross national analysis.
Most of the past research on this topic examined why capitalist transitions of post-communist states invited disastrous results. This research shows transitions between different varieties of capitalism, neoliberal reform initiatives as a typical example, might invite similar results.

Free Research Field

比較政治経済学