2016 Fiscal Year Final Research Report
Policy analysis and simulation on network formation and economic growth
| Project/Area Number |
26380350
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Kumamoto Gakuen University |
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Principal Investigator |
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| Research Collaborator |
UNOKI Hiroki 中九州短期大学, 経営福祉学科, 講師
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Keywords | 経済成長 / ネットワーク外部性 / 進化計算 |
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| Outline of Final Research Achievements |
In this research, we have constructed and simulated an economic growth model with network externality. Specifically, we built a model in which the capital stock of other countries gives positive externalities to home country's productivity through the network. With regard to network maintenance costs, we assumed that we will bear the expenses in proportion to the GDP of each country with reference to the United Nations and the EU network.
We applied this network externality to a standard economic growth model and analyzed steady state and dynamic transition process. As a result, in the situation where the three countries form a hub & spoke type network, the economic ranking of a hub country sometimes weakened compared to other countries in the long term.
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| Free Research Field |
経済成長理論
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