Terai, Kimiko

写真a

Affiliation

Faculty of Economics (Mita)

Position

Professor

Related Websites

Career 【 Display / hide

  • 2001.04
    -
    2002.03

    Research Fellow, Tokyo Institute for Municipal Research

  • 2002.04
    -
    2008.03

    Associate Professor, Faculty of Business Administration, Hosei University

  • 2008.04
    -
    2012.03

    Professor, Faculty of Business Administration, Hosei University

  • 2012.04
    -
    Present

    Professor, Faculty of Economics, Keio University

Academic Background 【 Display / hide

  • 1985.03

    The University of Tokushima, Faculty of Education, 中学校教員養成課程(英語)

    University, Graduated

  • 1996.03

    The University of Tokyo, Faculty of Economics, Department of Economics

    University, Withdrawal before completion

  • 1998.03

    The University of Tokyo, Graduate School, Division of Economics, 経済理論専攻

    Graduate School, Completed, Master's course

  • 2003.09

    The University of Tokyo, Graduate School, Division of Economics, 現代経済専攻

    Graduate School, Completed, Doctoral course

Academic Degrees 【 Display / hide

  • M.A. in Economics, The University of Tokyo, Coursework, 1998.03

  • Ph.D. in Economics, The University of Tokyo, Coursework, 2003.09

 

Research Areas 【 Display / hide

  • Fiscal Studies/Finance Theory

Research Keywords 【 Display / hide

  • Public Economics

  • Political Economy

  • Public Finance

 

Papers, etc., Registered in KOARA 【 Display / hide

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Research Projects of Competitive Funds, etc. 【 Display / hide

  • 人口高齢化が政府の公共財供給に与える影響―政治経済学的アプローチ―

    2020.04
    -
    2023.03

    MEXT,JSPS, Grant-in-Aid for Scientific Research, Grant-in-Aid for Scientific Research (C), Principal investigator

  • 予算編成過程における投資的経費への制約の有効性

    2017.04
    -
    2020.03

    MEXT,JSPS, Grant-in-Aid for Scientific Research, Grant-in-Aid for Scientific Research (C), Principal investigator

  • Principal-agent Relationship in the Budgetary Process and the Fiscal Discipline

    2014.04
    -
    2017.03

    MEXT,JSPS, Grant-in-Aid for Scientific Research, Grant-in-Aid for Scientific Research (C), Principal investigator

     View Summary

    In my theoretical model, a person or an organization who decides the total budget is regarded as a principal, and a person or an organization allocating the budget given to him/her among programs is an agent. When the principal decides the amount of a budget depending on the agent's behavior, there may exist a time-inconsistency problem, which will generate inefficiency. Asymmetric information between the principal and the agent is another source of inefficiency.
    I also composed a model in which a budget is spent on public investment. Under some conditions on utility function and production function, the agent can increase the budget he/she gets by engaging in greater corruption. A budget constraint imposed for the final period can limit corruption in each period, and induce efficient investment. Moreover, I showed that a fiscal cap on aggregate spending in the final period alone, though it may appear loose, credibly controls agents.

 

Courses Taught 【 Display / hide

  • TOPICS IN APPLIED ECONOMICS AND POLICY

    2021

  • SEMINAR: PUBLIC FINANCE

    2021

  • SEMINAR: PUBLIC ECONOMICS

    2021

  • SEMINAR: APPLIED ECONOMICS AND POLICY

    2021

  • SEMINAR: APPLIED ECONOMICS

    2021

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