Deregulation and Productivity Growth: Quantitative Policy Evaluation using Dynamic Industry Models

2016 Fiscal Year Final Research Report

• Project/Area Number: 26780147
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Economic policy
• Research Institution: Kyushu University
• Principal Investigator: Murao Tetsushi 九州大学, 経済学研究院, 准教授 (00645004)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 規制緩和 / 生産性成長 / イノベーション / 産業動学 / 企業動学

Outline of Final Research Achievements

In this research, I had investigated how deregulation of entry affects aggregate productivity growth, by using Schumpeterian growth model with endogenous firm size distribution. Previous research conclude that deregulation of entry increases aggregate productivity growth by promoting reallocation of resources. I study this relationship by using a framework with both of two reallocation channel. My main result is that entry deregulation affects two reallocation channels in the opposite direction. As a result, marginal decrease of entry costs increases aggregate productivity growth in Japan while decreases in Denmark.

Free Research Field

マクロ経済学，産業組織論