Faculty Profiles - YANAGIHARA, Mitsuyoshi

Papers - YANAGIHARA, Mitsuyoshi

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公営企業の「非効率性」

塩津ゆりか・菅原宏太・柳原光芳

地方分権に関する基本問題についての調査研究会・専門分科会報告書（財政マネジメントの強化） page： 154 - 172 2023.3

Vertical Fiscal Externality in Public Education Inputs: When Federal and State Governments Have Different Time Perspectives Invited Reviewed

Hideya Kato and Mitsuyoshi Yanagihara

Research in Economics 2023

Symmetry-breaking and trade in neoclassical economies with domestic policies having diminishing effect to production scale Reviewed

Tsuyoshi Shinozaki, Makoto Tawada and Mitsuyoshi Yanagihara

Fulbright Review of Economics and Policy 2023

Fertility decline and a pay-as-you-go pension system in a two-sector model Reviewed

Kojun Hamada, Akihiko Kaneko and Mitsuyoshi Yanagihara

Metroeconomica Vol. early view 2021.12

水道事業における最適価格設定ルール

柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会　報告書 Vol. 令和3年 page： 19 - 47 2021

International trade and capital accumulation in an overlapping generations model with a public intermediate good

Shinozaki Tsuyoshi, Tawada Makoto, Yanagihara Mitsuyoshi

REVIEW OF INTERNATIONAL ECONOMICS Vol. 27 ( 3 ) page： 765 - 785 2019.8

Population growth and the transfer paradox in an overlapping generations model

Hamada Kojun, Shinozaki Tsuyoshi, Yanagihara Mitsuyoshi

REVIEW OF DEVELOPMENT ECONOMICS Vol. 23 ( 1 ) page： 331 - 347 2019.2

Oligopolistic competition in the banking market and economic growth Reviewed

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

Economic Modelling Vol. 68 page： 239 - 248 2018.1

Language：English Publishing type：Research paper (scientific journal) Publisher：Elsevier B.V.

We investigate how banks’ degree of imperfect competition affects economic growth. This study explores an imperfect competition model in banking in an overlapping generations model with endogenous growth. We demonstrate the following results. First, an increase in the deposit interest rate increases the steady growth rate of the economy. Second, as competition among banks intensifies, the economic growth rate increases. Third, it is ambiguous as to whether a higher lending interest rate caused by an increase in productivity results in a higher economic growth rate. In our numerical exercises, we exemplify the possibility that an increase in the lending interest rate increases the growth rate.

DOI： 10.1016/j.econmod.2017.07.017

Web of Science

Scopus

Aspirations and the transfer paradox in an overlapping generations model Reviewed

Hamada Kojun, Shinozaki Tsuyoshi, Yanagihara Mitsuyoshi

JOURNAL OF ECONOMICS Vol. 122 ( 3 ) page： 279 - 301 2017.11

The transfer paradox in a pay-as-you-go pension system Reviewed

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

International Economics and Economic Policy Vol. 14 ( 2 ) page： 221 - 238 2017.4

The Theory of Mixed Oligopoly Privatization, Transboundary Activities, and Their Applications Preface

Yanagihara, M; Kunizaki, M

THEORY OF MIXED OLIGOPOLY: PRIVATIZATION, TRANSBOUNDARY ACTIVITIES, AND THEIR APPLICATIONS Vol. 14 page： V - VIII 2017

Bequeathed tastes and fertility in an endogenous growth model Reviewed

Akihiko Kaneko, Hideya Kato, Tsuyoshi Shinozaki and Mitsuyoshi Yanagihara

Economics Bulletin Vol. 36 ( 3 ) page： 1422 - 1429 2016.8

Donor Altruism and the Transfer Paradox in an Overlapping Generations Model Reviewed

Kojun hamada, Mitsuyoshi Yanagihara

Review of International Economics Vol. 22 ( 5 ) page： 905 - 922 2014.11

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This paper examines the transfer problem between two countries when a donor exhibits altruistic utility toward a recipient in a one-sector overlapping generations model.We demonstrate that if the donor has a larger marginal propensity to save than the recipient, the donor's altruism never contributes to donor enrichment irrespective of the degree of the donor's altruism. Donor enrichment occurs only if the donor has a smaller marginal propensity to save and a sufficiently high level of altruism. These findings imply that the altruism of a donor toward a recipient does not necessarily explain the motivation to voluntarily provide a transfer.

Cash-in-Advance Constraint, Optimal Monetary Policy, and Human Capital Accumulation Reviewed

Mitsuyoshi Yanagihara, Chen Lu

Research in Economics Vol. 67 ( 3 ) page： 278 - 288 2013.9

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This paper investigates optimal monetary policy in an overlapping-generations model with endogenous growth fueled by the accumulation of human capital and underacash-in-advance constraint. We consider the case where the government finances public education fully by seigniorage. Three main results are obtained. First, there exists an optimal money growth rate that maximizes the economic growth rate along the steady
growth path. Second, on this path, the Laffer curve of seigniorage takes the maximum. Finally, the money growth rate for maximizing seigniorage along the steady growth path, which also leads to maximization of the economic growth rate, is lower than that for
maximizing seigniorage in the present period.

Private and public education: Human capital accumulation under parental teaching Reviewed

Koichi Futagami, Mitsuyoshi Yanagihara

JAPANESE ECONOMIC REVIEW Vol. 59 ( 3 ) page： 275 - 291 2008.9

Language：Japanese Publishing type：Research paper (scientific journal) Publisher：WILEY-BLACKWELL

This paper examines a simple overlapping generations model of human capital accumulation under both the public and private education regimes. Both young individuals and their parents allocate time to human capital accumulation. Under the public education regime, the government collects tax to finance expenditure for education resources. We show that there exists a level of tax which maximizes the speed of human capital accumulation because of parental teaching; and, if the government chooses tax rates adequately, human capital grows faster and welfare levels become higher under the public education regime than under the private.

DOI： 10.1111/j.1468-5876.2008.00417.x

Web of Science

Scopus

世代重複型経済における公的供給中間財・消費財の価格付け

柳原光芳

地方分権に関する基本問題についての調査研究会・専門分科会報告書（財政マネジメントの強化） 2025.3