研究者詳細 - 柳原　光芳

論文 - 柳原　光芳

分割表示 75 件中 1 - 20 件目／全件表示 >>

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）頁： 154 - 172 2023年3月

Vertical Fiscal Externality in Public Education Inputs: When Federal and State Governments Have Different Time Perspectives 招待有り査読有り

Hideya Kato and Mitsuyoshi Yanagihara

Research in Economics 2023年

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

Tsuyoshi Shinozaki, Makoto Tawada and Mitsuyoshi Yanagihara

Fulbright Review of Economics and Policy 2023年

Fertility decline and a pay-as-you-go pension system in a two-sector model 査読有り

Kojun Hamada, Akihiko Kaneko and Mitsuyoshi Yanagihara

Metroeconomica early view 巻 2021年12月

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　報告書令和3年巻頁： 19 - 47 2021年

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 27 巻 ( 3 ) 頁： 765 - 785 2019年8月

記述言語：日本語掲載種別：研究論文（学術雑誌）出版者・発行元：Review of International Economics

We investigate the effects of a public intermediate good on trade patterns, capital accumulation, and the gains from trade in a two-country, three-sector overlapping generations model. A public intermediate good affects not only the productivity of private production but capital accumulation; thus, the results differ from those obtained in previous studies. First, opening to trade may accelerate capital accumulation in the higher-savings country. Additionally, the country producing a public intermediate good more (which is labor-intensive) may be the importer of the investment good (which is the most capital-intensive). Finally, the lower-savings country may have lower steady-state welfare under trade.

DOI： 10.1111/roie.12396

Web of Science

Scopus

Population growth and the transfer paradox in an overlapping generations model

Hamada Kojun, Shinozaki Tsuyoshi, Yanagihara Mitsuyoshi

REVIEW OF DEVELOPMENT ECONOMICS 23 巻 ( 1 ) 頁： 331 - 347 2019年2月

記述言語：日本語掲載種別：研究論文（学術雑誌）出版者・発行元：Review of Development Economics

This study investigates whether the transfer paradox (donor enrichment and/or recipient impoverishment) occurs when a donor and a recipient have different population growth rates by using a one-sector, two-country overlapping generations model. We show that if the population growth rates differ, neither donor enrichment nor recipient impoverishment occurs in the steady state under dynamic efficiency. This result is in stark contrast to the existing results that the transfer paradox might occur when a donor and a recipient country have different marginal propensities to save, assuming that both have the same population growth rate. Furthermore, we present the condition for the transfer problem to occur on the transition path and show that the transfer paradox is less likely to occur as the economy converges to the steady state. Our result shows that the prevailing finding that the transfer paradox can occur in an overlapping generations model is limited to the special case of countries having the same population growth rate.

DOI： 10.1111/rode.12541

Web of Science

Scopus

Oligopolistic competition in the banking market and economic growth 査読有り

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

Economic Modelling 68 巻頁： 239 - 248 2018年1月

記述言語：英語掲載種別：研究論文（学術雑誌）出版者・発行元：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 査読有り

Hamada K., Shinozaki T., Yanagihara M.

Journal of Economics/ Zeitschrift fur Nationalokonomie 122 巻 ( 3 ) 頁： 279 - 301 2017年11月

記述言語：日本語掲載種別：研究論文（学術雑誌）出版者・発行元：Journal of Economics/ Zeitschrift fur Nationalokonomie

This study examines the transfer problem between two countries when either the donor or the recipient has aspirations, based on parents’ standards of living, in a one-sector overlapping generations model. Focusing on whether and how aspirations impact the welfare effect of a transfer, we demonstrate the following results. First, when the donor forms aspirations, as the degree of his/her aspirations to their parents increases, a transfer is more likely to cause donor enrichment. However, this does not affect the recipient’s welfare at all. In contrast, when the recipient forms aspirations, whether the increase in the degree of these aspirations causes immiserization depends on whether the transfer raises the recipient’s consumption. Second, we show that if the donor’s or recipient’s marginal utility increases with their respective aspirations, the transfer is more likely to cause recipient immiserization. However, whether donor enrichment occurs depends on the situation. These results imply that there are two types of effects that aspirations can have on the welfare of both countries: effects caused by the aspirations, and effects that occur through the capital market. Furthermore, we find that these two effects on welfare do not necessarily work in the same direction.

DOI： 10.1007/s00712-017-0537-5

Web of Science

Scopus

The transfer paradox in a pay-as-you-go pension system 査読有り

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

International Economics and Economic Policy 14 巻 ( 2 ) 頁： 221 - 238 2017年4月

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 14 巻頁： V - VIII 2017年

Bequeathed tastes and fertility in an endogenous growth model 査読有り

Akihiko Kaneko, Hideya Kato, Tsuyoshi Shinozaki and Mitsuyoshi Yanagihara

Economics Bulletin 36 巻 ( 3 ) 頁： 1422 - 1429 2016年8月

Donor Altruism and the Transfer Paradox in an Overlapping Generations Model 査読有り

Kojun hamada, Mitsuyoshi Yanagihara

Review of International Economics 22 巻 ( 5 ) 頁： 905 - 922 2014年11月

担当区分：筆頭著者記述言語：英語掲載種別：研究論文（学術雑誌）

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 査読有り

Mitsuyoshi Yanagihara, Chen Lu

Research in Economics 67 巻 ( 3 ) 頁： 278 - 288 2013年9月

担当区分：筆頭著者記述言語：英語掲載種別：研究論文（学術雑誌）

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 査読有り

Futagami Koichi, Yanagihara Mitsuyoshi

JAPANESE ECONOMIC REVIEW 59 巻 ( 3 ) 頁： 275 - 291 2008年9月

記述言語：日本語掲載種別：研究論文（学術雑誌）出版者・発行元：Japanese Economic Review

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. © Journal compilation © 2008 Japanese Economic Association.

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年3月