• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

Research and Development and Japanese Economy in Short and Medium Terms.

Research Project

Project/Area Number 24530210
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionKwansei Gakuin University

Principal Investigator

OKADA Toshihiro  関西学院大学, 経済学部, 教授 (50411773)

Project Period (FY) 2012-04-01 – 2015-03-31
Project Status Completed (Fiscal Year 2014)
Budget Amount *help
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Keywordsニューケインジアンモデル / 内生的成長論 / 中期的な経済変動 / 内生的成長 / ニュースショック / 内生的技術成長論
Outline of Final Research Achievements

This research extends a standard new Keynesian dynamic stochastic general equilibrium model by introducing endogenous technological growth and analyzes macroeconomic dynamics both in short and medium run. To quantitatively analyze the model's implication, this research undertakes a Bayesian estimation of the model.
The analysis mainly shows two things. First, it shows that when a positive news shock (an optimistic view about a future economy) arises, R&D investment increases and this in turn increases technology production. This implies that the observed close relationship between total factor productivity(i.e., technology) and GDP can be explained by the demand shock, i.e., a news shock, but not by an exogenous change in technology. Next, it shows that the effects of endogenous technological changes on fluctuations in macroeconomic variables are large. This is because exogenous shocks ,e.g., an interest rate shock, affect an endogenously determined technology.

Report

(4 results)
  • 2014 Annual Research Report   Final Research Report ( PDF )
  • 2013 Research-status Report
  • 2012 Research-status Report
  • Research Products

    (2 results)

All 2013 2012

All Journal Article (2 results) (of which Peer Reviewed: 1 results)

  • [Journal Article] 期待により生じる景気循環と研究開発2013

    • Author(s)
      岡田敏裕
    • Journal Title

      関西学院大学経済学部研究会 経済学論究

      Volume: 67巻3号 Pages: 49-76

    • Related Report
      2013 Research-status Report
  • [Journal Article] Wage Inequality, R&D Labor and R&D Productivity2012

    • Author(s)
      Toshihiro Okada
    • Journal Title

      Economics Bulletin

      Volume: 32 Pages: 3036-3052

    • Related Report
      2012 Research-status Report
    • Peer Reviewed

URL: 

Published: 2013-05-31   Modified: 2019-07-29  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi