資本ストックの調整と設備投資循環 : GDP成長率と資本ストック成長率の循環変動

概要

論文の詳細を見る
In the post-war period in Japan, the existence of the investment cycle(Juglar cycle) has been shown in terms of the investment - GDP ratio. However, it was not clarified what is the relation among the investment - GDP ratio, the capital stock and the investment cycle. In this paper, we will establish the existence of the investment cycle by the use of moving average on GDP growth rate. And, we will estimate the investment function which is the stock adjustment type one, and show that investments in the post-war period were carried out according to the capital stock adjustment principle. And more, we will show the cyclical relation between GDP growth rate and capital stock grow rate in the post-war period in Japan.
関西学院大学の論文