| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Outline of Final Research Achievements |
We consider the model where the central government supplies public education in a centralized economy or the local governments do in a decentralized economy for the accumulation of human capital, which determines an economic growth rate. The governments put weights on both the economic welfare of the present generation and the economic growth rate leading to the economic welfare of the future generations and maximize the weighted average of these objectives. It is verified that if the central government puts more weight on growth, the fiscal transfer from the central government to local governments becomes less. This implies that the growth-oriented local government is more autonomous for fiscal operations.
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