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Research Activities

Research Projects

FY 2014/2015 Research Topic: C-25
Consumption Behaviors in East and South-East Asian Countries

Outline

The East and South-East Asian countries, such as Japan, Korea, and Taiwan, have experienced accelerated investment and high economic growth, supported by inexpensive and abundant funds. This phenomenon was realized by a rise in the saving ratio and an increase in savings. It appears that the time preference rate for consumption changed from giving priority to the present to giving priority to the future. The aim of this study is to clarify the factors behind the rise in the saving ratio and the increase in savings, and build a model which explains how saving-consumption behavior leads to economic development.

Period

April 2013 - March 2015

Members of the Research Project

[ Organizer ] YOSHINO Hisao
[ Co-researcher ] GEMMA Masahiko (Professor, Waseda University)

Publications