Quantitative Study on Business Cycles in a Model of Endogenous Investment Fluctuations
| Project/Area Number |
21730154
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
NIREI Makoto 一橋大学, イノベーション研究センター, 准教授 (60530079)
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| Project Period (FY) |
2009 – 2011
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| Project Status |
Completed (Fiscal Year 2011)
|
| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2011: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2010: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2009: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Keywords | マクロ経済学 / 景気循環 / 投資循環 / 内生的振動 / 非線形力学 / 動学的一般均衡 / 戦略的補完性 / 投資の非可分性 / 資産分布 / 動力学的一般均衡 / 投資の不可分性 / 投資の非可分 / 流動性制約 |
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| Research Abstract |
It is known as business cycles that the national economies develop through booms and recessions in irregular cycles with frequencies of 2. 5-5 years. Standard economic theory can explain the wide range of business cycles phenomena, once it is assumed that the total factor productivity fluctuates in those frequencies. However, economists have not agreed on what mechanism drives the productivity fluctuation. In this research project, I formalize the idea that a firm-level investment induces another firm's investment, and test the theoretical hypotheses by firm-level investment data empirically.
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Report
(4 results)
Research Products
(26 results)
