1. 2. (Rowthorn, 2014) / 39 1

Size: px
Start display at page:

Download "1. 2. (Rowthorn, 2014) / 39 1"

Transcription

1 ,, 43 ( ) ( ) sasaki@econ.kyoto-u.ac.jp 1 / 39

2 1. 2. (Rowthorn, 2014) / 39 1

3 ( 1). ( 2). = g. r. r > g ( 3).. 3 / 39 2

4 50% Figure I.1. Income inequality in the United States, Share of top decile in national income 45% 40% 35% 30% 25% The top decile share in U.S. national income dropped from 45-50% in the 1910s-1920s to less than 35% in the 1950s (this is the fall documented by Kuznets); it then rose from less than 35% in the 1970s to 45-50% in the 2000s-2010s. Sources and series: see piketty.pse.ens.fr/capital21c. 4 / 39

5 800% Figure I.2. The capital/income ratio in Europe, vate capital (% national income) 700% 600% 500% 400% Germany France United Kingdom Market value of pri 300% 200% 100% Aggregate private wealth was worth about 6-7 years of national income in Europe in 1910, between 2 and 3 years in 1950, and between 4 and 6 years in Sources and series: see piketty.pse.ens.fr/capital21c. 5 / 39

6 6% Figure Rate of return vs. growth rate at the world level, from Antiquity until 2100 rate of return or rate of growth Annual 5% 4% 3% 2% Pure rate of return to capital r (pre-tax) Growth rate of world output g 1% 0% The rate of return to capital (pre-tax) has always been higher than the world growth rate, but the gap was reduced during the 20th century, and might widen again in the 21st century. Sources and series: see piketty.pse.ens.fr/capital21c 6 / 39

7 国民所得 賃金 利潤 賃金 利潤 資本分配率 = 利潤 国民所得 の上昇 7 / 39

8 2. (Rowthorn, 2014) β: (K/Y) ( 2). α: (rk/y). β α ( 4)., σ 1, β α., α β, σ / 39 3

9 40% Figure 6.5. The capital share in rich countries, % al income (% national income) Capit 30% 25% 20% U.S. Germany Japan France 15% U.K. Italy Canada Australia 10% Capital income absorbs between 15% and 25% of national income in rich countries in 1970, and between 25% and 30% in Sources and series: see piketty.pse.ens.fr/capital21c 9 / 39

10 . Y = [δk σ 1 σ + (1 δ)e σ 1 σ ] σ σ 1. (1) Y:, K:, E:, σ:, δ:. r, α g α. g α = ( ) σ 1 g K/Y. (2) σ, g K/Y. σ > 1, g α g K/Y. 10 / 39 4

11 理論的には? 資本所得比率の上昇 かつ 1 より大きい代替の弾力性 資本分配率の上昇 資本所得比率の低下 かつ 1 より小さい代替の弾力性 資本分配率の上昇 11 / 39

12 , K/Y, W/Y., β = W Y = vk Y, v W K. (3), v ( Q ). β. g β = g K/Y + g v. (4) g v = 0, g β = g K/Y. 12 / 39 5

13 , K/Y, ( 5)., g v > 0 ( 6)., g K/Y 0 g v > 0, g v > g K/Y, g β > 0., σ 1, g α > 0. σ < / 39 6

14 500% Figure A133: Simulated private wealth / national income ratios in the absence of capital gains, % 400% 350% 300% 250% 200% USA Europe (weighted) 150% 100% / 39

15 160% Figure 5.6. Market value and book value of corporations Ratio between marke et value and book value of corporations 140% U.S. Japan 120% Germany France 100% U.K. Canada 80% 60% 40% 20% 0% Tobin's Q (i.e. the ratio between market value and book value of corporations) has risen in rich countries since the 1970s-1980s. Sources and series: see piketty.pse.ens.fr/capital21c. 15 / 39

16 , g β > 0 g β = g K/Y > 0 g α > 0 with σ > 1. (5), g β > 0 g β = g K/Y /0 + g v + > 0 g α > 0 with σ < 1. (6), g α > 0,,. 16 / 39 7

17 ピケティの観察した事実 資産 所得比率の上昇 ピケティの解釈 1 資本 所得比率の上昇 21 より大きい代替の弾力性 3 評価比率は一定 より正しい解釈 1 資本 所得比率の低下 21 より小さい代替の弾力性 いずれにしても資本分配率は上昇 3 評価比率の上昇 17 / 39

18 3...,,.,,.,,.,. 18 / 39 8

19 生産関数が CES 型のとき因果関係あり 新古典派成長モデルにおける因果関係 生産関数がコブ = ダグラス型だと因果関係なし 経済成長 所得分配 古典派成長モデルとカレツキ派成長モデルにおける因果関係 所得分配 経済成長 19 / 39

20 4. ( ),,,.. Y = min{ae, bk}. (7), a = Y/E, b = Y/K.. w:, r:. Y = we + rk. (8) 20 / 39 9

21 α. α = rk Y = Y we Y = 1 w a. (9), w a,,.. r = Y we K = ( 1 w ) b = αb. (10) a,. 21 / 39 10

22 : s c.,. S = s c rk, 0 < s c < 1. (11) S = I.,. g s c r = s c bα. (12) 22 / 39 11

23 ,., ( ).,. (= ) 23 / 39 12

24 : s w. S = s w we + s c rk, 0 < s w < 1. (13). g = [s w (1 α) + s c α]b. (14) 24 / 39 13

25 . dg dα = b(s c s w ). (15) s c > s w,. s c = s w,. 25 / 39 14

26 s w s c Table 1: (Storm and Naastepad, 2012) 26 / 39 15

27 5. ( ),,,.. Y = min{ae, ubk}, (16) = min{ae, uk}. (17) : b = Y /K = 1. u = Y/Y = Y/K:. r = Y we K = u ( 1 w ) a = αu. (18) 27 / 39 16

28 . p = (1 + µ) ω a. (19) µ:, ω: (ω = pw).,,, 1 α = w a = µ. (20) α = 1 w a = µ = µ 1 + µ. (21) 28 / 39 17

29 . g d = γ + ϕu, γ > 0, ϕ > 0. (22).. g s = s c r = s c αu. (23).. g d = g s = γ + ϕu = s c αu. (24) 29 / 39 18

30 . u = g = γ s c α ϕ, (25) γs cα s c α ϕ (26) α,.,. ( ) ( ) 30 / 39 19

31 s w. g s = [s w (1 α) + s c α]u (27), u = g = γ [s w (1 α) + s c α] ϕ, (28) [s w(1 α) + s c α]γ [s w (1 α) + s c α] ϕ. (29) 31 / 39 20

32 s c > s w,. s c = s w = s, u = g = γ s ϕ, (30) sγ s ϕ. (31) α. 32 / 39 21

33 . g d = γ + ϕu + ψα, γ > 0, ϕ > 0, ψ > 0. (32),,,.,. 33 / 39 22

34 古典派とカレツキ派の違い 古典派 資本分配率の上昇 経済成長率の上昇 カレツキ派 資本分配率の上昇 経済成長率の低下 あるいは 経済成長率の上昇 34 / 39

35 .,,.,,,.,. α = 1 w a. (33) w, a, α. 35 / 39 23

36 36 / 39 24

37 労使交渉 国際価格競争 市場占有度 金融政策 経済成長 所得分配率 経済成長 フィードバック効果 37 / 39

38 / 39 25

39 7. (2014) 21,. Rowthorn, R. (2014) A Note on Piketty s Capital in the Twenty-First Century, Cambridge Journal of Economics 38, pp Sasaki, H. (2014) Growth, Cycles, and Distribution: Approach, Kyoto: Kyoto University Press. A Kaleckian Storm, S. and Naastepad, C. W. M. (2012) Macroeconomics Beyond the NAIRU, Cambridge MA: Harvard Univeristy Press. 39 / 39 26

第86回日本感染症学会総会学術集会後抄録(I)

第86回日本感染症学会総会学術集会後抄録(I) κ κ κ κ κ κ μ μ β β β γ α α β β γ α β α α α γ α β β γ μ β β μ μ α ββ β β β β β β β β β β β β β β β β β β γ β μ μ μ μμ μ μ μ μ β β μ μ μ μ μ μ μ μ μ μ μ μ μ μ β

More information

後編図表2.pages

後編図表2.pages 表 7.1 時間空間的に見た所得格差 総労働所得に占める各グループの比率 低格差 ( 1970-80 年代スカンジナビア ) 中格差 ( 2010 年ヨーロッパ ) 高格差 ( 2010 年米国 ) 超高格差 ( 2030 年米国?) トップ ( 上流階級 ) 45% うちトップ 1% ( 支配階級 ) 5% 7% 12% 17% うち残り 9% ( 富裕階級 ) 15% 18% 23% 28% 中間

More information

Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerab

Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerab Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerable amount of research, which has noted an ability distribution.

More information

物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に―

物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に― NAIRU NAIRU NAIRU GDPGDP NAIRUNon- Accelerating Inflation Rate of Unemployment GDP GDP NAIRU Lown and RichFisher, Mahadeva and Whitley raw materials G NAIRUTurnerFai WatanabeNAIRU Watanabe nested NAIRU

More information

ボーナス制度と家計貯蓄率-サーベイ・データによる再検証-

ボーナス制度と家計貯蓄率-サーベイ・データによる再検証- ESRI Discussion Paper Series No.139 by May 2005 Economic and Social Research Instute Cabinet Office Tokyo, Japan * 400 : JEL classification: D12, E21 * 186-8603 2-1 042-580-8369 FAX 042-580-8333 1 Abstract

More information

zsj2017 (Toyama) program.pdf

zsj2017 (Toyama) program.pdf 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88

More information

88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88

More information

_170825_<52D5><7269><5B66><4F1A>_<6821><4E86><5F8C><4FEE><6B63>_<518A><5B50><4F53><FF08><5168><9801><FF09>.pdf

_170825_<52D5><7269><5B66><4F1A>_<6821><4E86><5F8C><4FEE><6B63>_<518A><5B50><4F53><FF08><5168><9801><FF09>.pdf 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88 th Annual Meeting of the Zoological Society of Japan Abstracts 88

More information

,.,,.,. NIRA,.,.,,, GDP.,., 1%, 2.0% 3).,,.,,., 1, 4).,,.,, GDP,.,,.,,,.,,., 2002.,,., 3), Q&A Q16 (http://www.stat.go.jp/data/kakei/qa-1.ht

,.,,.,. NIRA,.,.,,, GDP.,., 1%, 2.0% 3).,,.,,., 1, 4).,,.,, GDP,.,,.,,,.,,., 2002.,,., 3), Q&A Q16 (http://www.stat.go.jp/data/kakei/qa-1.ht 1, 1, 2011 4 3-28,,.,,.,.,,.,,.,,.,.,. 1., 1), 1946.,, GDP,.,,,.,,., (2008) ( NIRA ), 23,.,,, 2).,,,.,,.,,., 657-8501 2-1, E-mail: unayama@person.kobe-u.ac.jp 1) 1. 2), 1990 2 21, 1993 6 12. 3 1 1 2011

More information

Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship be

Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship be Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship between broadcasting and sport (major sport and professional

More information

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate School of Economics and Institute of Economic Research

More information

研修コーナー

研修コーナー l l l l l l l l l l l α α β l µ l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l

More information

CVMに基づくNi-Al合金の

CVMに基づくNi-Al合金の CV N-A (-' by T.Koyama ennard-jones fcc α, β, γ, δ β α γ δ = or α, β. γ, δ α β γ ( αβγ w = = k k k ( αβγ w = ( αβγ ( αβγ w = w = ( αβγ w = ( αβγ w = ( αβγ w = ( αβγ w = ( αβγ w = ( βγδ w = = k k k ( αγδ

More information

- March IMF IMF IMF ITO The General Agreement on Tariffs and Trade

- March IMF IMF IMF ITO The General Agreement on Tariffs and Trade M&A IMF IMF gold tranche - March IMF IMF IMF ITO The General Agreement on Tariffs and Trade IMF IMF IMF GATT OECD OECD BITs. - March. U I = I (r m, i, Z * r m i Z * (= Z / Z) I / r m > I / i < I / Z *

More information

The effect of tax rate and deduction in income taxation In Japan, numerous attempts have been made to reform the income taxation system. Researchers h

The effect of tax rate and deduction in income taxation In Japan, numerous attempts have been made to reform the income taxation system. Researchers h The effect of tax rate and deduction in income taxation In Japan, numerous attempts have been made to reform the income taxation system. Researchers have pointed out that as a result of these attempts,

More information

nsg02-13/ky045059301600033210

nsg02-13/ky045059301600033210 φ φ φ φ κ κ α α μ μ α α μ χ et al Neurosci. Res. Trpv J Physiol μ μ α α α β in vivo β β β β β β β β in vitro β γ μ δ μδ δ δ α θ α θ α In Biomechanics at Micro- and Nanoscale Levels, Volume I W W v W

More information

高齢化とマクロ投資比率―国際パネルデータを用いた分析―

高齢化とマクロ投資比率―国際パネルデータを用いた分析― 196 2017 * ** ** ** ** 160 2 2 JEL Classification Codes E21, E22, J11 Keywords * ESRI 28 ESRI 29 3 17 ESRI ** 115 196 Population Aging and Domestic Investment An Analysis Using International Panel Data

More information

遺産相続、学歴及び退職金の決定要因に関する実証分析 『家族関係、就労、退職金及び教育・資産の世代間移転に関する世帯アンケート調査』

遺産相続、学歴及び退職金の決定要因に関する実証分析 『家族関係、就労、退職金及び教育・資産の世代間移転に関する世帯アンケート調査』 2-1. (2-1 ) (2-2 ) (2-3 ) (Hayashi [1986]Dekle [1989]Barthold and Ito [1992] [1996]Campbell [1997] [1998]Shimono and Ishikawa [2002]Shimono and Otsuki [2006] [2008]Horioka [2009]) 1 2-1-1 2-1-1-1 8 (1.

More information

44 2012 2013 3 35 48 法人化後の国立大学の収入変動 37 法人化後の国立大学の収入変動 2009 2005 2010 2012 2012 2008 2009a 2010 16 18 17 20 2 4 2012 38 44 2012 17 22 (1) (2) 2012 5 GP COE 30 WPI 1 2012 17 22 16 17 22 17 17 19 2012 2012

More information

Microsoft Word - 2016年06月月次データ_総合

Microsoft Word - 2016年06月月次データ_総合 経 済 動 向 分 析 ) 在 日 本 国 大 使 館 経 済 動 向 1) In the Q1 2016, a faster growth of wage costs was recorded, which entailed decrease of profitability of enterprises to 49.3%. Household real consumption per capita

More information

商学56‐5・6◆/8.二村

商学56‐5・6◆/8.二村 660 Young Adam Smith Kaldor Verdoorn Adam Smith 1 1776 1928 Allyn Young 2 Adam Smith Young 1966 Nicholas Kaldor 3 Verdoorn Marshall 1930 1980 James M. Buchanan 1930 Economic Journal Dennis H. Robertson

More information

デフレの定義(最新版).PDF

デフレの定義(最新版).PDF DP/01-1 Director General for Economic Assessment and Policy Analysis CABINET OFFICE E-mail : naoki.okamoto@mfs.cao.go.jp 1 2 3 i (ii) 4 5 Deflation defined as at least two consecutive years of price decreases.

More information

大学論集第42号本文.indb

大学論集第42号本文.indb 42 2010 2011 3 279 295 COSO 281 COSO 1990 1 internal control 1 19962007, Internal Control Integrated Framework COSO COSO 282 42 2 2) the Committee of Sponsoring Organizations of the Treadway committee

More information

Comparative Study of Media Use Capacity for 8th Grade Students Yoshiro Kawakami Hirohisa Suzuki The world is experiencing a variety of changes resulting from the widespread diffusion of information technology.

More information

1 Tokyo Daily Rainfall (mm) Days (mm)

1 Tokyo Daily Rainfall (mm) Days (mm) ( ) r-taka@maritime.kobe-u.ac.jp 1 Tokyo Daily Rainfall (mm) 0 100 200 300 0 10000 20000 30000 40000 50000 Days (mm) 1876 1 1 2013 12 31 Tokyo, 1876 Daily Rainfall (mm) 0 50 100 150 0 100 200 300 Tokyo,

More information

Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): Issue Date URL Right

Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): Issue Date URL   Right Title ベンチャー企業の研究開発支出の決定要因 日本と台湾の事例を中心に Author(s) 蘇, 顯揚 Citation 經濟論叢 (1996), 158(1): 54-76 Issue Date 1996-07 URL https://doi.org/10.14989/45083 Right Type Departmental Bulletin Paper Textversion publisher

More information

自由集会時系列part2web.key

自由集会時系列part2web.key spurious correlation spurious regression xt=xt-1+n(0,σ^2) yt=yt-1+n(0,σ^2) n=20 type1error(5%)=0.4703 no trend 0 1000 2000 3000 4000 p for r xt=xt-1+n(0,σ^2) random walk random walk variable -5 0 5 variable

More information

産業・企業レベルデータで見た日本の経済成長.pdf

産業・企業レベルデータで見た日本の経済成長.pdf 2003 11 10 IT IT JIP JCER ) 2003 CD-ROM http://www.esri.go.jp/jp/archive/bun/bun170/170index. html 1 JIP Jorgenson, Mun, andstiroh (2002) GDP 2 3 1951 1954 1957 1960 1963 1966 1969 1972 1975 1978 1981

More information

A comparison of abdominal versus vaginal hysterectomy for leiomyoma and adenomyosis Kenji ARAHORI, Hisasi KATAYAMA, Suminori NIOKA Department of Obstetrics and Gnecology, National Maizuru Hospital,Kyoto,

More information

13....*PDF.p

13....*PDF.p 36 2005 2006 3 237 250 1 1990 2 3 4 5 6 239 10 90 1993 1997 1998a 10 10 1 90 1 2 3 4 5 1990 1 1990 201 2004 141 108 105 2 54 75 1970 1980 1990 49 2 2004 59 8 25 42 1980 1993 25 4 2004 10 6 1994 14 2004

More information

10-渡部芳栄.indd

10-渡部芳栄.indd COE GCOE GP ) b a b ) () ) () () ) ) .. () ) ) ) ) () ........... / / /.... 交付税額 / 経常費 : 右軸交付税額 /( 経常費 授業料 ): 右軸 . ) ()... /.. 自治体負担額 / 交付税額 : 右軸 ()......... / 自治体負担額 / 経常費 : 右軸 - No. - Vol. No. - IDE

More information

GDPギャップと潜在成長率

GDPギャップと潜在成長率 2003 output gap 80 1 20 90 20 70 2 1 2 output gap potential output 1 2 (2001) 3 potential rate of growth 2000 Meyer (2000) European Central Bank: (1999b) 2002 10 4 3 (2000) 4 4 () 5 5 5 6 () () 7 Total

More information

2 / 24

2 / 24 2017 11 9 1 / 24 2 / 24 Solow, 1957 total factor productivity; TFP 5% 経済成長率の要因分解 4% 3% 2.68% 2.51% 2% 1% 0% 1.63% 1.50% 0.34% 0.42% 0.55% 0.97% 1.14% 0.86% 0.13% -0.59% -0.59% -0.09% 0.01% -1% 1970-80

More information

Financial Reporting Standard 17 FRS17 FAS87 87 Financial Accounting Standard 87 FAS87 International Accounting Standard Board IASB 19 Internat

Financial Reporting Standard 17 FRS17 FAS87 87 Financial Accounting Standard 87 FAS87 International Accounting Standard Board IASB 19 Internat No,25-36(2005) Two Changes in Accounting Principles of Pension Plans British, or Americanthat is the question Masaharu Usuki Nihon University, Graduate School of Social and Cultural School, and NLI Research

More information

23_02.dvi

23_02.dvi Vol. 2 No. 2 10 21 (Mar. 2009) 1 1 1 Effect of Overconfidencial Investor to Stock Market Behaviour Ryota Inaishi, 1 Fei Zhai 1 and Eisuke Kita 1 Recently, the behavioral finance theory has been interested

More information

-February GDP GDP

-February GDP GDP -February GDP GDP - GDP. GDP GDP / GDP DI.. DI..,,. -February (2010=100) 115 110 105 100 95 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 800 350 750 700 300 650 600 250 550

More information

KEYWORD: ( 1) Insert (2005)

KEYWORD: ( 1) Insert (2005) Osaka University of Economics Working Paper Series No. 2011-2 所得格差拡大の要因 : 人口の高齢化の再検討 大阪経済大学経済学部山口雅生 2011 年 5 月 2011 5 1989 2004 2 60 60 1989 1994 1994 1999 60 1999 2004 1994 60 1994 1994 1999 320 1999

More information

Hi-Stat Discussion Paper Series No.248 東京圏における 1990 年代以降の住み替え行動 住宅需要実態調査 を用いた Mixed Logit 分析 小林庸平行武憲史 March 2008 Hitotsubashi University Research Unit

Hi-Stat Discussion Paper Series No.248 東京圏における 1990 年代以降の住み替え行動 住宅需要実態調査 を用いた Mixed Logit 分析 小林庸平行武憲史 March 2008 Hitotsubashi University Research Unit Hi-Stat Discussion Paper Series No.248 東京圏における 1990 年代以降の住み替え行動 住宅需要実態調査 を用いた Logit 分析 小林庸平行武憲史 March 2008 Hitotsubashi University Research Unit for Statistical Analysis in Social Sciences A 21st-Century

More information

Attendance Demand for J-League õ Shinsuke KAWAI* and Takeo HIRATA* Abstract The purpose of this study was to clarify the variables determining the attendance in J-league matches, using the 2,699 J-league

More information

untitled

untitled Barro Regression Does social capital improve regional economic growth? - Investigation using prefectural cross-sectional data in Japan - Abstract The purpose of this research is to empirically examine

More information

26 2012.09 2 2.1 1 1. 2. 3. 3 2 SPA H&M ZARA ZARA 2 1 24 72 ZARA DHL Door-to-door 2

26 2012.09 2 2.1 1 1. 2. 3. 3 2 SPA H&M ZARA ZARA 2 1 24 72 ZARA DHL Door-to-door 2 Fast Fashion and Consumption Behavior of Young People HOSODA Sakie Fast fashion has attracted attention in recent years in the fashion industry. Fashion is a global company in the field of foreign SPA

More information

【表紙】経済学論叢_18号/表1・3・背

【表紙】経済学論叢_18号/表1・3・背 Blanchard Solow Solow Galor and Tsiddon ,, , ,, ,,,,,, a if b c if if CES CES,,,,,,. Bowles Ciccone and Peri, .,, Bowles Hamermesh Antras Ciccone and Peri CES CES Krusell et al. Duffy et al. Hornstein

More information

Winter 図 1 図 OECD OECD OECD OECD 2003

Winter 図 1 図 OECD OECD OECD OECD 2003 266 Vol. 44 No. 3 I 序論 Mirrlees 1971 Diamond 1998 Saez 2002 Kaplow 2008 1 700 900 1, 300 1, 700 II III IV V II わが国の再分配の状況と国際比較 OECD Forster and Mira d Ercole 2005 2006 2001 Winter 08 267 図 1 図 2 2000 2

More information

A Message From President 2

A Message From President 2 A Message From President 2 Top Information 3 Top Information 4 A View Point 5 Annual Report 2 Financial Highlight 7, 5, 12, 6, 5, 4, 3, 2, 1, 4, 3, 2, 1, 1, 8, 6, 4, 2, 6 5, 2, 8 4, 1,5 6 3, 2, 1, 1, 5

More information

税制改正にともなう家計の所得弾性値 : 高齢者パネルデータによる実証分析

税制改正にともなう家計の所得弾性値 : 高齢者パネルデータによる実証分析 Kwansei Gakuin University Rep Title Author(s) 税制改正にともなう家計の所得弾性値 : 高齢者パネルデータによる実証分析 Uemura, Toshiyuki, 上村, 敏之 ; Kitamura Takayuki, 金田, 陸幸 Citation 経済学論究, 69(4): 1-16 Issue Date 2016-3-20 URL http://hdl.handle.net/10236/14671

More information

Bodenheimer, Thomas S., and Kevin Grumbach (1998) Understanding Health Policy: A Clinical Approach, 2nd ed. Appleton & Lange. The Present State of Managed Care and the Feasibility of its Application to

More information

,,.,,.,..,.,,,.,, Aldous,.,,.,,.,,, NPO,,.,,,,,,.,,,,.,,,,..,,,,.,

,,.,,.,..,.,,,.,, Aldous,.,,.,,.,,, NPO,,.,,,,,,.,,,,.,,,,..,,,,., J. of Population Problems. pp.,.,,,.,,..,,..,,,,.,.,,...,.,,..,.,,,. ,,.,,.,..,.,,,.,, Aldous,.,,.,,.,,, NPO,,.,,,,,,.,,,,.,,,,..,,,,., ,,.,,..,,.,.,.,,,,,.,.,.,,,. European Labour Force Survey,,.,,,,,,,

More information

yasi10.dvi

yasi10.dvi 2002 50 2 259 278 c 2002 1 2 2002 2 14 2002 6 17 73 PML 1. 1997 1998 Swiss Re 2001 Canabarro et al. 1998 2001 1 : 651 0073 1 5 1 IHD 3 2 110 0015 3 3 3 260 50 2 2002, 2. 1 1 2 10 1 1. 261 1. 3. 3.1 2 1

More information

original: 2011/11/5 revised: 2012/10/30, 2013/12/ : 2 V i V t2 V o V L V H V i V i V t1 V o V H V L V t1 V t2 1 Q 1 1 Q

original: 2011/11/5 revised: 2012/10/30, 2013/12/ : 2 V i V t2 V o V L V H V i V i V t1 V o V H V L V t1 V t2 1 Q 1 1 Q original: 2011/11/5 revised: 2012/10/30, 2013/12/2 1 1 1: 2 V i V t2 V o V L V H V i V i V t1 V o V H V L V t1 V t2 1 Q 1 1 Q 2 2 1 2 1 c 2013 2 2: V i Q 1 I C1 V C1 V B2 I E V E V E Q 1 Q 1 Q 2 Q 2 Q

More information

M-JUSD2471b

M-JUSD2471b JUSD 2471b 2 www.pall.com 3 4 www.pall.com 5 6 www.pall.com 7 TM AllegroSystems The Single-Use Solution Visit us on the Web at www.pall.com/japan/biopharm.asp e-mail us at allegro@pall.com 163-1325 651TEL.03(6386)0995

More information

第62巻 第1号 平成24年4月/石こうを用いた木材ペレット

第62巻 第1号 平成24年4月/石こうを用いた木材ペレット Bulletin of Japan Association for Fire Science and Engineering Vol. 62. No. 1 (2012) Development of Two-Dimensional Simple Simulation Model and Evaluation of Discharge Ability for Water Discharge of Firefighting

More information

nsg04-28/ky208684356100043077

nsg04-28/ky208684356100043077 δ!!! μ μ μ γ UBE3A Ube3a Ube3a δ !!!! α α α α α α α α α α μ μ α β α β β !!!!!!!! μ! Suncus murinus μ Ω! π μ Ω in vivo! μ μ μ!!! ! in situ! in vivo δ δ !!!!!!!!!! ! in vivo Orexin-Arch Orexin-Arch !!

More information

O1-1 O1-2 O1-3 O1-4 O1-5 O1-6

O1-1 O1-2 O1-3 O1-4 O1-5 O1-6 O1-1 O1-2 O1-3 O1-4 O1-5 O1-6 O1-7 O1-8 O1-9 O1-10 O1-11 O1-12 O1-13 O1-14 O1-15 O1-16 O1-17 O1-18 O1-19 O1-20 O1-21 O1-22 O1-23 O1-24 O1-25 O1-26 O1-27 O1-28 O1-29 O1-30 O1-31 O1-32 O1-33 O1-34 O1-35

More information

untitled

untitled 2009 57 2 393 411 c 2009 1 1 1 2009 1 15 7 21 7 22 1 1 1 1 1 1 1 1. 1 1 1 2 3 4 12 2000 147 31 1 3,941 596 1 528 1 372 1 1 1.42 350 1197 1 13 1 394 57 2 2009 1 1 19 2002 2005 4.8 1968 5 93SNA 6 12 1 7,

More information

06’ÓŠ¹/ŒØŒì

06’ÓŠ¹/ŒØŒì FD. FD FD FD FD FD FD / Plan-Do-See FD FD FD FD FD FD FD FD FD FD FD FD FD FD JABEE FD A. C. A B .. AV .. B Communication Space A FD FD ES FD FD The approach of the lesson improvement in Osaka City University

More information

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて * ** 199 1 1996-97 relation * ** Seoul conference China and Emerging Asia: Reorganizing the Global Economy? held by KIEP and Seoul National University 26 5 11-12 Hugh Patrick Yung-Chul Park 26 9 9-1 East

More information

revise-01.dvi

revise-01.dvi 14???? (2011) 247 3 24 ( ) ( ) (2011 5 20 ; 2011 8 15 ) We examine the value of ΔT at around AD 247. We found that there is a comment in the Jinshu ( ) on the eclipse on March 24, 247 (Julian Calendar).

More information

Value Added Tax VAT Mirrlees, J. VAT The Mirrlees Review The Structure and Reform of Direct Taxation Report of a Committee chaired by Professor J. E. Meade Dimensions of Tax Design Mirrlees 2010 Tax by

More information

1990年代以降の日本の経済変動

1990年代以降の日本の経済変動 1990 * kenichi.sakura@boj.or.jp ** hitoshi.sasaki@boj.or.jp *** masahiro.higo@boj.or.jp No.05-J-10 2005 12 103-8660 30 * ** *** 1990 2005 12 1990 1990 1990 2005 11 2425 BIS E-mail: kenichi.sakura@boj.or.jp

More information

bottleneckjapanese.dvi

bottleneckjapanese.dvi 1 M&A Keywords:,. Address: 742-1, Higashinakano, Hachioji-shi, Tokyo 192-09,Japan fax:+81 426 74 425 E-mail: yangc@tamacc.chuo-u.ac.jp ; yasuokaw@tamacc.chuo-u.ac.jp 1 Yang and Kawashima(2008) 1 2 ( MVI

More information

\ (1963): Recent Trends of Urban Geography in Japan A, A, A, G, 53 93^ 102 Yamaga S, & Y, Masai (1966) : Japanese Urban Geography-General View Japanese Geography 1966; Spec, Publ, No,1 Ass, Jap, Geogrs,

More information

1 911 9001030 9:00 A B C D E F G H I J K L M 1A0900 1B0900 1C0900 1D0900 1E0900 1F0900 1G0900 1H0900 1I0900 1J0900 1K0900 1L0900 1M0900 9:15 1A0915 1B0915 1C0915 1D0915 1E0915 1F0915 1G0915 1H0915 1I0915

More information

1970). Baumol, W. J., Panzar, J. C. and R. D. Willig (1982); Contestable Markets and The Theory of Industry Structure, 1982. Caves, R. and M. E. Porter (1977); From entry barriers to mobility barriers:

More information

Ishi

Ishi Ishi HPhttp: // www.mof.go.jp / jouhou / syuzei / siryou /.htm.. or ERTA, TRA ERTA Economic Recovery Tax Act TRA Tax Reform Act Mroz Triest Lindsey Burtless Navrati Lindsey Burtless Navrati CPS Current

More information

Company_2801.ai

Company_2801.ai Park Systems www.parkafm.co.jp Park Systems Enabling Nanoscale Advances ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ ㅣ Courtesy NASA/JPL-Caltech Park Systems Enabling Nanoscale Advances 5 98 988 997 Prof. C.F. Quate

More information

人工知能学会研究会資料 SIG-FPAI-B Predicting stock returns based on the time lag in information diffusion through supply chain networks 1 1 Yukinobu HA

人工知能学会研究会資料 SIG-FPAI-B Predicting stock returns based on the time lag in information diffusion through supply chain networks 1 1 Yukinobu HA 人工知能学会研究会資料 SIG-FPAI-B508-08 - - Predicting stock returns based on the time lag in information diffusion through supply chain networks 1 1 Yukinobu HAMURO 1 Katsuhiko OKADA 1 1 1 Kwansei Gakuin University

More information

untitled

untitled IV 1 IV 2 (i) 2 0.13 0.23 1 (i) 3 ( 0.11 0.19 0.5% 2 (ii) 1% (ii) 1,000, 1,000 (1 Q) G A 0.02 {e i ) 1} Q (e 5 1) 0.02 β Ρ (iii) 1 1 QG {e ig ( i G ) 1} QG (e 5 1) Ρ e in e i G n Q e in 1 e i G n 1 1 1

More information

原稿.indd

原稿.indd OTEC 18(2013),5968 小型の波浪発電を想定した浮体運動の最大化を目的とした浮体形状に関する研究 59 *1 *1 *2 Studies on the floating body shape to maximize the kinetic energy that are intended to be small wave power generator Shunya NISHIZAWA

More information

SNAと家計調査における貯蓄率の乖離-日本の貯蓄率低下の要因-

SNAと家計調査における貯蓄率の乖離-日本の貯蓄率低下の要因- RIETI Discussion Paper Series 10-J-003 RIETI Discussion Paper Series 10-J-003 2009 年 12 月 SNA と家計調査における貯蓄率の乖離 - 日本の貯蓄率低下の要因 - 宇南山卓 ( 神戸大学大学院経済学研究科 ) 要 旨 SNA と家計調査から計算される家計貯蓄率の乖離の原因を明らかにし 日本の貯蓄率の低下の原因を考察した

More information

平成28年度国民経済計算 年次推計 (支出側系列等)

平成28年度国民経済計算 年次推計 (支出側系列等) 平成 28 年度国民経済計算年次推計 ( 支出側系列等 ) FY2016 Annual Estimates of GDP Ⅰ. 国内総生産 ( 支出側 ) 及び各需要項目 GDP (Expenditure Approach) and Its Components 1. 速報値と年次推計値の比較 ( 実質成長率 年度 ) Comparison of the Preliminary and the Revised

More information

(2004 ) 2 (A) (B) (C) 3 (1987) (1988) Shimono and Tachibanaki(1985) (2008) , % 2 (1999) (2005) 3 (2005) (2006) (2008)

(2004 ) 2 (A) (B) (C) 3 (1987) (1988) Shimono and Tachibanaki(1985) (2008) , % 2 (1999) (2005) 3 (2005) (2006) (2008) ,, 23 4 30 (i) (ii) (i) (ii) Negishi (1960) 2010 (2010) ( ) ( ) (2010) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 16 (2004 ) 2 (A) (B) (C) 3 (1987)

More information

財政赤字の経済分析:中長期的視点からの考察

財政赤字の経済分析:中長期的視点からの考察 1998 1999 1998 1999 10 10 1999 30 (1982, 1996) (1997) (1977) (1990) (1996) (1997) (1996) Ihori, Doi, and Kondo (1999) (1982) (1984) (1987) (1993) (1997) (1998) CAPM 1980 (time inconsistency) Persson, Persson

More information

2 24

2 24 J-REIT 2012/05/18 2 24 J-REIT 3 J-REIT 2001 9J-REIT10 2007 J-REIT7 42 42 33 2010 2 3 J-REIT 22012 4 IPO 4 343.5 4 J-REIT10 3000.00 2500.00 REIT TOPIX 2000.00 1500.00 1000.00 NCR(*) 2010/6 500.00 2001/9

More information

IMF World Economic Outlook, April GDP GDP.,,,,,..,.

IMF World Economic Outlook, April GDP GDP.,,,,,..,. The Strategies of Three Japanese Companies in Chinese Market: From the Viewpoint of Dilemma of Emerging Markets Strategy and its Resolution MORI, Masaki Chinese market is now a growing and attractive market

More information

394-04

394-04 Change and Development of Continuous Casting Technology Abstract It is about 60 years that history of continuous casting process in our country. From the start of commercial operation of the first continuous

More information

X線分析の進歩36 別刷

X線分析の進歩36 別刷 X X X-Ray Fluorescence Analysis on Environmental Standard Reference Materials with a Dry Battery X-Ray Generator Hideshi ISHII, Hiroya MIYAUCHI, Tadashi HIOKI and Jun KAWAI Copyright The Discussion Group

More information

i ii iii 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 1 x = n n x i i= 1 2 s X = s X n ( x x) i 2 2 i= 1 s X = n 1 g 1 n = ( n 1)( n 2) n i= 1 x i x s 3 24 g 2 n n( n + 1) x = ( n 1)( n

More information

untitled

untitled 2 book conference 1990 2003 14 Repeated Cross-Section Data 1 M1,M2 M1 Sekine(1998) Repeated Cross-Section Data 1 1. (1989), Yoshida and Rasche(1990), Rasche(1990), 19921997, Fujiki and Mulligan(1996),

More information

Auerbach and Kotlikoff(1987) (1987) (1988) 4 (2004) 5 Diamond(1965) Auerbach and Kotlikoff(1987) 1 ( ) ,

Auerbach and Kotlikoff(1987) (1987) (1988) 4 (2004) 5 Diamond(1965) Auerbach and Kotlikoff(1987) 1 ( ) , ,, 2010 8 24 2010 9 14 A B C A (B Negishi(1960) (C) ( 22 3 27 ) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 1 2 3 Auerbach and Kotlikoff(1987) (1987)

More information

国際比較からみた介護システムの役割分担

国際比較からみた介護システムの役割分担 * OECDLong-term Care for Older People E-mail: lfy@hotmail.co.jp Long-term care Long-term care for older people OECDLTC GDP. OECD WHOHealth life expectancy : HALE GDP Martins et al OECD OECD OECD Residential

More information

国民年金保険料における未納 免除 猶予 追納の分析 Analysis of People's Decision-Making for the Absence of Contribution Payments, the Exemption, the Contribution Postponement

国民年金保険料における未納 免除 猶予 追納の分析 Analysis of People's Decision-Making for the Absence of Contribution Payments, the Exemption, the Contribution Postponement Powered by TCPDF (www.tcpdf.org) Title Sub Title Author Publisher 国民年金保険料における未納 免除 猶予 追納の分析 Analysis of people's decision-making for the absence of contribution payments, the exemption, the contribution

More information

表紙_目次.PDF

表紙_目次.PDF JIL 2 1980 vol.3 15 3 1 3 15 18 IT 26 28 33 20 OECD 80 90 (1998) (2000) 2 Aghion et al. (1999) OECD 1970 1 2 70 1980 90 1.1 Kuznets U inverted U-shaped hypothesis GNP U 1 18901940 6 3 Kuznets(1955) (1963)

More information

untitled

untitled [ 研究ノート ] 4% 19 19 20 1997a 20 Mitchell, 2002: 123 208 1997b; 2008 2 1960 1980 Abdel-Fadil, 1975; Hansen, 1969; Radwan & Lee, 1986 Abdel-Fadil, 1980; 85 Assaad, 1997 2 Hopkins Hopkins & Westergaard, 1998:

More information

fiúŁÄ”s‘ê‡ÌŁª”U…−…X…N…v…„…~…A…•‡Ì ”s‘ê™´›ß…−…^†[…fiŠ‚ª›Âfl’«

fiúŁÄ”s‘ê‡ÌŁª”U…−…X…N…v…„…~…A…•‡Ì ”s‘ê™´›ß…−…^†[…fiŠ‚ª›Âfl’« 2016/3/11 Realized Volatility RV 1 RV 1 Implied Volatility IV Volatility Risk Premium VRP 1 (Fama and French(1988) Campbell and Shiller(1988)) (Hodrick(1992)) (Lettau and Ludvigson (2001)) VRP (Bollerslev

More information

74-2 岩間

74-2 岩間 128 74 2 21 3 128 134 Journal of the Japanese Association for Petroleum Technology Vol. 74, No. 2 March, 2009 pp. 128 134 Lecture * ** Received February 23, 2009 accepted February 26, 2009 The impact of

More information