Manabe Masashi () (Graduate School of Economics, Osaka university)
Abstract
The purpose of this paper is to develop an experimental model which links inter-institutional flow of funds to real macroeconomy and then to estimate quantitatively the effects of changing scale of postal savings or government financial institutions on GDP. The empirical analysis indicates that at least after 1980 expanding size of postal saving and government financial institutions had negative effects on GDP. It implies that reducing scale of public financial institutions could improve the performance of real macroeconomy.
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Publisher Info
Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number
07-37.