VERIFICATION ABOUT THE VALIDITY OF INTRODUCING THE EQUILIBRIUM CONCEPT IN THE MACROECONOMETRIC MODEL
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- TANAKA Kosuke
- 京都大学大学院 都市社会工学専攻
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- IKEBATA Natsumi
- 京都大学大学院 都市社会工学専攻
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- MIYAZAWA Takuya
- 兵庫県
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- MIYAKAWA Ayu
- 京都大学大学院 都市社会工学専攻
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- FUJII Satoshi
- 京都大学大学院 都市社会工学専攻
Bibliographic Information
- Other Title
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- マクロ経済シミュレーションモデルにおける均衡輸出入概念の導入妥当性についての検証
- マクロ ケイザイ シミュレーションモデル ニ オケル キンコウ ユシュツニュウ ガイネン ノ ドウニュウ ダトウセイ ニ ツイテ ノ ケンショウ
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Description
In this article, we verify the validity of introducing the equilibrium concept in import and export, in order to evaluate properly the multiplier effect of fiscal stimulus properly. It is said that the multiplier effect estimated by the Japanese Cabinet Office's macroeconometric model is smaller than the private company's estimations. As the characteristic of Cabinet Office's model, it has the equation of equilibrium concept in import and export. When we introduce the equation in a model, the multiplier effect estimated by the model greatly decreasesd. We verifyied that the equation of equilibrium concept in import and export lets a model estimate the multipli-er effect to be low.
Journal
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- Journal of Japan Society of Civil Engineers, Ser. F4 (Construction and Management)
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Journal of Japan Society of Civil Engineers, Ser. F4 (Construction and Management) 72 (4), I_33-I_42, 2016
Japan Society of Civil Engineers