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2023 Fiscal Year Final Research Report

Economic theory of fiscal sustainability: Labor market, policy making, and international capital market

Research Project

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Project/Area Number 21K01472
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Review Section Basic Section 07040:Economic policy-related
Research InstitutionDoshisha University

Principal Investigator

Miyazawa Kazutoshi  同志社大学, 経済学部, 教授 (00329749)

Project Period (FY) 2021-04-01 – 2024-03-31
Keywords国債 / 年金 / 少子高齢化 / 教育
Outline of Final Research Achievements

The outputs of this research project are 8 papers and 2 conference reports (as of the end of May 2024). There are four peer-reviewed papers, including those accepted for publication. Among these, Miyazawa (2021) has been cited 5 times, and Hirono (2021) has been cited 3 times (as of the end of May 2024). I believe that these papers have had an impact on the field of economics in a relatively short period of time.
Although the purpose of this research project was to present research outputs regarding fiscal sustainability, we were unable to achieve sufficient research results at the end of the research period. We plan to publish additional research results regarding the relationship between the internationalization of capital markets and the national debt policies of each country.

Free Research Field

公共経済学

Academic Significance and Societal Importance of the Research Achievements

本研究は,課税競争モデルを動学モデルに拡張した Miyazawa, Ogawa, and Tamai(2019)の研究の延長上にあり,理論面での貢献が大きいと考えられる.また,課税競争モデルは資本課税に焦点を当てることが多いが,本研究では各国の国内労働市場の差異に注目しており,理論面での貢献が期待できる.
さらに,本研究では,多国間の政策競争に加え,国内の政党間競争も併せて研究対象としており,技術的に克服すべき課題は多いものの,理論面での貢献は大きいと考えられる.また,各国の政策ルールを推計し,日本の財政規律に関する客観的指標を提示することで,社会に貢献できると考えている.

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Published: 2025-01-30  

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