1987 Fiscal Year Final Research Report Summary
Competitive Structure and Investment : Theory and Empirical Study
| Project/Area Number |
61530002
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
一般理論
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| Research Institution | The University of Tokyo |
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Principal Investigator |
ITOH Motoshige Associate Professor, Fuculty of Economics, Unive. of Tokyo, 経済学部, 助教授 (10128564)
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| Co-Investigator(Kenkyū-buntansha) |
NISHIMURA Kiyohiko Associate prof : Faculty of Economics, Univ. of Tokyo, 経済学部, 助教授 (70164580)
KOBAYASHI Takao Associate prof : Faculty of Economics, Univ. of Tokyo, 経済学部, 助教授 (40126058)
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| Project Period (FY) |
1986 – 1987
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| Keywords | investment / automobile industry / investment time horizon / 投資ホライゾン / コンテスタビリティ |
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| Research Abstract |
The purpose of this research project is to find out the basic difference in the imvestment pattern between Japanese firms and American and European firms. We obtained the following four results. (1) Japanese firms have longer investment time horiyon than American and European firms, (2) Japanese firms emphasize market share and growth rate than American and Curopean firms, (3) japanese firms put less emphasis on profit rate and stock valve, and (4) Japanese firms have less toleravce for rish. Itoh examined the role of industrial policy in this issue, Kobayashi constructed a theoretical and empirical model of investment behavior , and Nishimura constructed a general eguilibrium model that can capture the implication of investment behavior for the whole economy. We did some case study about Japanese automobile industry.
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