This project focuses on interactions between heterogeneity across economic agents and economic growth. Heterogeneity may stimulate economic activities and induce growth. Thus, it is reasonable to ask what type of heterogeneity would be important for higher growth. Inversely, higher (lower) economic growth would bring different impacts on heterogeneity (or inequality). We will figure out theoretically and empirically the relationship and causality between heterogeneity and economic growth. Understanding their interactions should be relevant information for economic or industrial policymaking.
July 3, 2017 - March 31, 2019
Major Research Results
RIETI Discussion Papers
"Demand System and Liquidity Constraints: Simple Methodology for Measuring Liquidity Constraint" (INOSE Junya)
"The Art of Central Bank Communication: A Topic Analysis on Words used by the Bank of Japan's Governors" (KEIDA Masayuki and TAKEDA Yosuke)
"Population decline, structural change and economic growth" (YOSHIKAWA Hiroshi and ANDO Koichi)