研究課題/領域番号 |
22H00849
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研究種目 |
基盤研究(B)
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配分区分 | 補助金 |
応募区分 | 一般 |
審査区分 |
小区分07040:経済政策関連
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研究機関 | 早稲田大学 |
研究代表者 |
菊地 朋生 早稲田大学, 国際学術院(アジア太平洋研究科), 教授 (60906527)
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研究分担者 |
戸部 智 関西学院大学, 総合政策学部, 講師 (00824145)
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研究期間 (年度) |
2022-04-01 – 2025-03-31
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研究課題ステータス |
交付 (2023年度)
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配分額 *注記 |
9,360千円 (直接経費: 7,200千円、間接経費: 2,160千円)
2023年度: 2,730千円 (直接経費: 2,100千円、間接経費: 630千円)
2022年度: 4,160千円 (直接経費: 3,200千円、間接経費: 960千円)
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キーワード | Global imbalances / superpowers / club goods / coalition formation / World order |
研究開始時の研究の概要 |
This project examines why capital flows from emerging economies to advanced economies and how stable the US dominance in global finance is. We numerically simulate different scenarios to predict how the international monetary system might evolve in the face of growing influence of China.
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研究実績の概要 |
We build a game-theoretic model of two superpowers competing to attract small countries as members for their clubs. The superpowers play a two stage sequential game (Stackelberg game) of choosing an ideological location for club goods they provide. The club goods have consumption externalities, i.e., the price which each member pays depends on others who join the club as members share the cost. To model the two-way interaction between superpowers and the other countries we use a coallition formation process (core) to determine the behavior of the small countries in each stage and derive the subgame perfect Nash equilbrium of the game between the two superpowers. We simulate our game to characterize how the US and China compete for a sphere of influence.
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現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
We have published "Superpowers Competing for a Sphere of Influence" Tomoo Kikuchi and Shuige Liu as a working paper at https://arxiv.org/abs/2209.10206. We will present the paper at several international conferences and seminars this summer. The following papers are work in progress: 1) "Does Foreign Equity Investment Contribute to Economic Growth?" Tomoo Kikuchi, Satoshi Tobe, Duy Van Dang, and Quang Trung Nguyen; 2) "Portfolio Investment Patterns in East Asia,"Tomoo Kikuchi, Satoshi Tobe, and Changran Lee; 3) "The Role of Tax Havens for Portfolio Investment of the US and China," Tomoo Kikuchi, Satoshi Tobe, and Xiaoyu Cheng; 4) "The Exorbitant Privilege and Cross-border M&A," Tomoo Kikuchi, Satoshi Tobe, and Sinan Caner Yamak.
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今後の研究の推進方策 |
We plan to submit "Superpowers Competing for a Sphere of Influence" Tomoo Kikuchi and Shuige Liu to a top journal. We plan to finalize the following papers: 1) "Does Foreign Equity Investment Contribute to Economic Growth?" Tomoo Kikuchi, Satoshi Tobe, Duy Van Dang, and Quang Trung Nguyen; 2) "Portfolio Investment Patterns in East Asia,"Tomoo Kikuchi, Satoshi Tobe, and Changran Lee; 3) "The Role of Tax Havens for Portfolio Investment of the US and China," Tomoo Kikuchi, Satoshi Tobe, and Xiaoyu Cheng; 4) "The Exorbitant Privilege and Cross-border M&A," Tomoo Kikuchi, Satoshi Tobe, and Sinan Caner Yamak.
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