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Structural Change and Economic Growth

Research Project

Project/Area Number 10430002
Research Category

Grant-in-Aid for Scientific Research (B).

Allocation TypeSingle-year Grants
Section一般
Research Field 経済理論
Research InstitutionUniversity of Tokyo

Principal Investigator

YOSHIKAWA Hiroshi  Univ. of Tokyo Professor, 大学院・経済学研究科, 教授 (30158414)

Co-Investigator(Kenkyū-buntansha) TOKUI Jouji  Shinshu Univ. Professor, 経済学部, 教授 (90192658)
OHTAKI Masayuki  Univ. of Tokyo Associate Professor, 社会科学研究所, 助教授 (60183761)
ASAKO Kazumi  Hitotsubashi Univ. Professor, 経済学研究所, 教授 (60134194)
FUKUDA Shinichi  Univ. of Tokyo Associate Professor, 大学院・経済学研究科, 助教授 (00221531)
MIYAGAWA Tsutomu  Gakushuin Univ. Professor, 経済学部, 教授 (30272777)
宮川 務  日本開発銀行, 名古屋支店, 企画調査課長
Project Period (FY) 1998 – 2000
Project Status Completed (Fiscal Year 2000)
Budget Amount *help
¥3,700,000 (Direct Cost: ¥3,700,000)
Fiscal Year 2000: ¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 1999: ¥1,100,000 (Direct Cost: ¥1,100,000)
Fiscal Year 1998: ¥1,600,000 (Direct Cost: ¥1,600,000)
KeywordsEconomic Growth / Structural Change / Macroeconomics / Technical Progress / Innovations / Japanese Economy / R&D / 雇用 / R&D
Research Abstract

Aoki M.and H.Yoshikawa, "Demand Saturation / Creation and Economic Growth" forthcoming in Journal of Economic Behavior and Organization presents a new model of economic growth.
In the standard literature, the fundamental factor to restrain economic growth is diminishing returns to capital in production or R&D technology. This paper presents a model in which the factor to restrain growth is saturation of demand for individual consumption good. The economy revives growth by the introduction of new products/industries. The new products/industries creates high growth of demand. By so doing, it elicits capital accumulation, and ultimately sustains economic growth. The model demonstrates the importance of demand creating innovations which are different from the standard measure of technical progress, namely total factor productivity.
The Aoki/Yoshikawa model shows that economic growth is closely linked to changes in industrial structure. We explored this relationship for Japan, the U.S.and Germany. For Japan, we found a positive relationship between growth rate and a size of changes in industrial structure. In contrast, for the postwar U.S.no such positive relationship was found. However, we found a positive relationship for the prewar U.S.data. Our results suggest that for the 'young' economies, high growth tends to be accompanied by changes in industrial structure, while for the 'mature' economies, there is no such relationship. We plan to study the implications of our results for the 'convergence' controversy.

Report

(4 results)
  • 2000 Annual Research Report   Final Research Report Summary
  • 1999 Annual Research Report
  • 1998 Annual Research Report
  • Research Products

    (34 results)

All Other

All Publications (34 results)

  • [Publications] Masanao Aoki Hiroshi Yoshikawa: "Demand Saturation-Creation and Economics Growth"JEL Nos. E1 E2. (2001)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 吉川洋,松本和幸: "産業構造の変化と経済成長"CIRJE. J-37. (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 浅子和美: "On Vulnerability of International Cooperation to Slow Global Warming"経済研究. Vol.52 No.1. (2001)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 大瀧雅之: "Does Risk Sharing Hypothesis Really Support Nominal Wage Contract ?"東京大学社会科学研究所Discussion Paper Series. F-88. (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 福田慎一: "経済成長と国際資本移動"マクロ経済と金融システム. (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 宮川努,白石小百合: "何故日本の経済成長は低下したか"JCER Discussion Paper. 62. (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 吉川洋: "現代マクロ経済学"創文社. 360 (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 浅子和美: "マクロ安定化政策と日本経済"岩波書店. 256 (2000)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Masanao, Aoki: "Demand Saturation-Creation and Economic Growth"Journal of Economic Behavior and Organization 2001. (forthcoming).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Hiroshi, Yoshikawa: "Structural Change and Economic Growth"CIRJE, DPJ-37, Faculty of Economics, University of Tokyo. 1-28

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Kazumi, Asako: "On Vulnerability of International Cooperation to Slow Global Warming"Keizai Kenkyu. Vol.52, No.1. (2001)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Masayuki, Ohtaki: "Does Risk Sharing Hypothesis Really Support Nominal Wage Contact ?"Institute of Social Science, Univ. of Tokyo, Discussion Paper Series, F-88. (2000)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Shinichi, Fukuda: "Economic Growth and International Capital Movement"Macroeconomy and Financial System, Univ. of Tokyo Press, Tokyo. (2000)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Tsutomu, Miyagawa: "Why has Japan's growth rate solved down?"JCER Discussion Paper. Vol.62. (2000)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Hiroshi, Yoshikawa: "Moderan Macroeconomics"Sobunsha. 360 (2000)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] Kazumi, Asako: "Macro Stabilization Policies and The Japanese Economy"Iwatani. 256 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2000 Final Research Report Summary
  • [Publications] 吉川洋,松本和幸: "産業構造の変化と経済成長"CIRJE. J-37. (2000)

    • Related Report
      2000 Annual Research Report
  • [Publications] Hiroshi Yoshikawa: "Technical progress and the growth of the Japanese economy-past and future"Oxford review of economic policy. Vol.16 No.2. (2000)

    • Related Report
      2000 Annual Research Report
  • [Publications] 浅子和美: ""On Vulnerability of International Cooperation to Slow Global Warming,""経済研究. Vol.52 No.1. (2001)

    • Related Report
      2000 Annual Research Report
  • [Publications] 宮川努,白石小百合: "何故日本の経済成長は低下したか"JCER Discussion Paper. 62. (2000)

    • Related Report
      2000 Annual Research Report
  • [Publications] 吉川洋: "現代マクロ経済学"創文社. 360 (2000)

    • Related Report
      2000 Annual Research Report
  • [Publications] 浅子和美: "マクロ安定化政策と日本経済"岩波書店. 256 (2000)

    • Related Report
      2000 Annual Research Report
  • [Publications] 吉川 洋: "日本経済成長の潜在成長率"経済研究. 50巻3号. 228-237 (1999)

    • Related Report
      1999 Annual Research Report
  • [Publications] 吉川 洋: "技術進歩とマクロ経済学"社会科学研究. 51巻2号. 43-69 (2000)

    • Related Report
      1999 Annual Research Report
  • [Publications] 浅子和美: "戦後日本の安定化政策"社会科学研究. 51巻2号. 19-42 (2000)

    • Related Report
      1999 Annual Research Report
  • [Publications] 大瀧雅之: "有効需要理論と労働市場の機能"吉川 洋・大瀧雅之 『循環と成長のマクロ経済学』. 東京大学出版会. 25-54 (2000)

    • Related Report
      1999 Annual Research Report
  • [Publications] 徳井丞次、宮川努、安田武彦: "対日直接投資と日本企業のR&D活動"吉川 洋・大瀧雅之 『循環と成長のマクロ経済学』. 東京大学出版会. 135-164 (2000)

    • Related Report
      1999 Annual Research Report
  • [Publications] 吉川 洋・大瀧雅之: "循環と成長のマクロ経済学"東京大学出版会. 236 (2000)

    • Related Report
      1999 Annual Research Report
  • [Publications] 吉川 洋: "日本経済と設備投資" 小宮隆太郎・奥野正寛編「日本経済21世紀への課題」. 東洋経済新報社刊. 3-36 (1998)

    • Related Report
      1998 Annual Research Report
  • [Publications] 吉川 洋: "マクロ経済学と日本経済-オーカン法則再考-" 堀内昭義ほか編「現代経済学の展開」. 東京大学出版会刊. (1999)

    • Related Report
      1998 Annual Research Report
  • [Publications] 吉川 洋: "部門間生産性格差とマクロ経済学" 吉川洋ほか編「経済成長と景気循環の経済学」. 東京大学出版会刊. (1999)

    • Related Report
      1998 Annual Research Report
  • [Publications] 大瀧雅之: "動学的有効需要の理論と労働市場の機能" 東京大学社会科学研究所ディスカッションペーパー. J-79. 1-26 (1998)

    • Related Report
      1998 Annual Research Report
  • [Publications] 宮川 努: "産業構造の変化・産業空洞化と日本経済" 小宮隆太郎・奥野正寛編「日本経済21世紀への課題」. 東洋経済新報社刊. 379-417 (1998)

    • Related Report
      1998 Annual Research Report
  • [Publications] 徳井丞次・宮川努・安田武彦: "対日直接投資と日本企業のR&D活動" 堀内昭義ほか編「現代経済学の展開」. 東京大学出版会刊. (1999)

    • Related Report
      1998 Annual Research Report

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Published: 1998-04-01   Modified: 2016-04-21  

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