著者
深谷 庄一
出版者
日本経済学会
雑誌
The Economic Studies Quarterly (ISSN:0557109X)
巻号頁・発行日
vol.41, no.2, pp.166-182, 1990-06-20 (Released:2007-10-19)
参考文献数
23

This econometric study is an attempt to build a politico-economic model of Japan. It explicitlyspecifies the interrelationship between policy decision process and economic mechanism. There seems to be a difficulty that political variables are too scarce to build an econometric model. This analysis interpolates many political data, making use of the so-called spline functions, so that our model consists of as many political variables as economic ones. The policy variable is public investment, determined through political process (political variables). Those political variables depend upon economic outcomes, caused partly by that policy.A simulation analysis shows that an expansionary fiscal policy will finally lower the popularity of the Liberal-Democratic-Party, although temporarily raise up its popularity.