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Economic Analysis


Most of the 'Economic Analysis' are written in Japanese only.
The number of which is written in English are listed below.
Number with * means the full text is written in Japanese.
*      
No.185
(October, 2011)
The Impact of Imports from Low-Wage Countries
The Role of Regional Characteristics on Plant Employment Growth and the Survival of Plants from The Competition in Japanese Manufacturing

Tomohiko INUI
Kazuma EDAMURA
Toshiyuki MATSUURA

Does the Comprehensive curriculum prevent high school dropout in Japan?
Hiroko ARAKI

The Effect of Relative Income on Fertility
Tsukasa MATSUURA

Wages and Productivity in Firms using Foreign Trainees
Yuki HASHIMOTO

Input-Output Analysis of Informatization and the Service Economy
Yasuhiro TSUKAHARA

Japan's Bubble, Deflation, and Long-term Stagnation
-Review of An Oral History Study-

Tomohiro ISHIKAWA
*      
No.184
(January, 2011)
The Impact of Global Recession on Japan’s Trade:
Extensive and Intensive Margins in the Crisis

Banri ITO

Investment Timing and Uncertainty
Keiichi SHIMA

Empirical Analysis of Employer’s Gender Role Attitudes
Hiroki YASUDA

A Decomposition of Global Business Cycles Using Structural FAVAR
Fumihide TAKEUCHI

Is Property Tax a Benefit Tax? The Case of Japanese Regions
Tomomi MIYAZAKI and Motohiro SATO

Simulation Analysis of Macroeconomic Impact of Large Scale Earthquake in Tokyo
Motohiro SATO
Kazumasa OGURO

An overview of the Survey of Family Relationship, Job Experience, Retirement Allowances, and Intergenerational Transfers
Junya HAMAAKI
Masahiro HORI
Saeko MAEDA
Keiko MURATA
*      
No.183
(March, 2010)
Dynamic applied general equilibrium analysis for fiscal reconstruction based on a multi-sector overlapping generations model
Shin KIMURA, Kyoji HASHIMOTO

The Lost Decade and Employment Adjustment Behavior of Japan's Firms
-Changes in Mechanism for disciplining firms-

Tomohiko NODA, Daisuke HIRANO

Does the Difference Between "Corporate interest" and "Personal interest" in Corporate Crime Influence Sentencing?
-Econometric Analysis of Sentencing Factors in the Corporate Tax Evasion-

Ken SHIRAISHI, Sayuri SHIRAISHI, Atsushi YAMASHITA, Takaaki MURAKAMI

Analysis of the Soft Budget Constraint Problem in the Local Allocation Tax: Determinants of "modification coefficients" in Ordinary Expenditure
Takeshi MIYAZAKI

What Have We Learned from a Survey of Japanese Professional Forecasters?
Taking Stock of Four Years of ESP Forecast Experience

Takao KOMINE, Kanemi BAN, Masaaki KAWAGOE, Hiroshi YOSHIDA
*      
No.182
(July, 2009)
The effect of parent companies' dividend policy on profit remittance of their foreign subsidiaries
Eiji Tajika, Masaki Hotei

The Household Consumption Tax Burden in Japan
Hiroyuki Yashio, Yuichi Hasegawa

Estimations of educational production functions: A case of six-year secondary schools in Japan
Takashi Ohshio, Shinpei Sano, Kaori Suetomi

Financing Behavior of Japanese Firms
Koji Sakai

Impact Analysis of Entry Barriers upon the Coastal Freight Service
Nobuhiro Hosoe

Measurements of Effective Tax Rates on Interest Income, Dividends and Capital Gains Income from Stock
Shizuka Sekita

Surveys on Work-life balance and productivity
Ryo Yamada, Miyuki Yoshida
*      
No.181
(January, 2009)
Intended Fertility and Birth Behavior
Matsuura Tsukasa

An Empirical Analysis of the Will of Career Advancement of the Japanese Female Core-Workers
Hiroki Yasuda

Household savings, Corporate savings and Government savings
- Substitutability of Savings by Sectors in Japan and the United Sates

Yoichi Matsubayashi

An Evaluation of the 2004 Public Pension Reform: Views from Pension Obligation
Akihiro Kawase, Shin Kimura

Investigating Foreign Workers in Japan by Municipal Data
-Their Regional Distributions and Effects on Regional Economies-

Masaaki Kawagoe, Ayumu Hoshino

The ESRI Short-Run Macroeconometric Model of the Japanese Economy (2008 version)
- Basic Structure, Multipliers, and Economic Policy Analyses–

Fumikazu Hida, Kenji Tanaka, Hisano Umei, Koichiro Iwamoto, Hironori Shigihara

Dynare and Dynamic Stochastic General Equilibrium Models: Application to New Keynesian Models
Koiti Yano
*      
No.180
(March, 2008)
Industrial agglomeration and economic convergence: The case of Japanese regions
Akihiro Otsuka

Quantitative analysis on competition and productivity
Makoto Funakoshi, Kazuyuki Motohashi

Have Main Banks Encouraged Corporate Restructuring?
Tomohiko Noda


Development of Japanese Patent Stock and Citation-Weighted Patent Stock-An Application of HJT Model to Japanese Patent Data-
Setsuo Yamada


Local Government Bond and Local Financial Institutions- Surveys on Local Financial Institutions and its Policy Implications -
Takero Doi, Tomoko Hayashi, Nobuyuki Suzuki


The ESRI Short-Run Macroeconometric Model of Japanese Economy (2006 version)-Basic Structure, Multipliers, and Economic Policy Analyses -
Katsuhiko Masubuchi, Aki Iijima, Hisano Umei, Koichiro Iwamoto

*      
No.179
(August, 2007)
Foreign-Owned Establishments in Japan: An Empirical Analysis of Firm Exit and Employment Growth Based on the Establishment and Enterprise Census
Hyeog Ug Kwon, Keiko Ito, Kyoji Fukao

Effective Corporate Reforms with Information Technology: Logit Model Analysis on Business Process Reengineering, Business Unit Restructuring, and Human Resource Management
Akihiko Shinozaki

A Short-Run Macroeconometric Model and Chain-type GDP-Introduction and Assessment
Keiko Murata, Koichiro Iwamoto, Katsuhiko Masubuchi


On The Oil Price-GDP Relationship
Akira Maeda


Happiness Research: A Review-from a viewpoint of low fertility in Japan
Ken Shiraishi, Sayuri Shiraishi

*      
No.178
(November, 2006)
(Articles)
The Effect of Bank Failure on Client Firms -A Study on the Hanwa Bank's Failure-
Yoshiko Murakami

Risk Analysis of Pension Reserve Investment with Macro Economy Indexation under the 2004 Public Pension Reform
Tomoki Kitamura, Kunio Nakashima, Masaharu Usuki

How can IT Raise Productivity Linked with Workplace Re-organization and Human Capital in Japan?
Futoshi Kurokawa, Kazunori Minetaki

(Study)
Local Government Bonds and Fiscal Discipline
Takero Doi, Tomoko Hayashi, Nobuyuki Suzuki

(Reference note)
The ESRI Short-Run Macroeconometric Model of the Japanese Economy (2005 version) -Basic Structure, Multipliers, and Economic Policy Analyses-
Keiko Murata, Tatsuo Saito, Koichiro Iwamoto, Takeshi Tanabe

*      
No.177
(December, 2005)
(Articles)
Did Money or Loans Play a More Important Role in the Showa Depression?
Yutaka Harada 

Estimates of Quality-adjusted Cost Function in the Okinawa's Child Care Industry: Evidence from Micro-level Data
Satoshi Shimizutani, Haruko Noguchi 

(Special section)
Decline in Banking System Functioning, Deflation Expectations, and Money Multiplier: Why Did the Japanese Economy Stagnate?
Yutaka Harada 

Declines in the Credit Multiplier Due to Instability in the Financial System
Keiichiro Kobayashi 

Comment: Some Difficulties of "Financial System Hypothesis"
Yasuyuki Iida 

Rejoinder
Keiichiro Kobayashi 

Declines in the Money Multiplier Due to Continuous Deflation Expectation
Yasuyuki Iida 

Comment: Can Expectations be a Root Cause of Recessions?
Keiichiro Kobayashi 

Rejoinder
Yasuyuki Iida 

(Research note)
The Advancement of IT and Changes of Input Structure of the Financial Industries: An Analysis based on the Japanese Input-Output Table
Hayao Washizaki, Mariko Fujii 

(Study)
Family Life and Family Policy in France and Germany: Implications for Japan
Tomoko Hayashi, Rieko Tamefuji 

*      
No.176
(June, 2005)
Facilitation of Fund Supply and Small Business Failures
Yasuko Takezawa, Katsumi Matsuura, Masahiro Hori 

A Trade-off Between Efficiency and Equity in Adopting Differential Rates to the Consumption Tax
Tomohiro Murasawa, Michio Yuda, Yasushi Iwamoto 

Effect of Uncertain Fiscal Policy on Consumption: A Case in Japan
Masao Tsuri 

Currency Devaluation and Price Expectation: Lessons from Okinawa in the beginning of the 1970s
Satoshi Shimizutani, Tatsuhiro Yogi 

Why Has Japan's Fertility Rate Declined? An Empirical Literature Survey with an Emphasis on Policy Implications
Yuske Date, Satoshi Shimizutani 

Survey: Did the TFP Growth Rate in Japan Decline in the 1990s?
Tomohiko Inui, Hyeog Ug Kwon 

<Comment> Have the Deflationary Expectations Decreased the Money Multiplier?
Shigeyuki Hattori 

<Reply> Expected Inflation Rate as a Determinant of Money Multiplier
Yasuyuki Iida, Yutaka Harada, Koichi Hamada 

Family Life and Family Policy in Sweden: Implications for Japan
Tomoko Hayashi 

The CAO Short-Run Macroeconometric Model of Japanese Economy (2004 version) -Basic Structure, Multipliers, and Economic Policy Analyses-
Keiko Murata, Tatsuo Saito 

*      
No.175
(March, 2005)
What Accounts for the Onerous Care Burden at Home in Japan? Evidence from Household Data
Satoshi Shimizutani, Haruko Noguchi 

Wage Determinants and Age Profiles in the Japanese Child Care Industry: Evidence from Employee-level Data
Satoshi Shimizutani, Haruko Noguchi 

Changes in the Japanese Gender Wage Gap in the 1990s
Akira Kawaguchi 

An Empirical Analysis of the Social Welfare Brought about by Inflation Targeting: The Case of the U.K.
Eiji Okano 

THE ECONOMICS OF EDUCATION IN JAPAN: A SURVEY ON EMPIRICAL STUDIES AND UNRESOLVED ISSUES
Takashi Oshio, Wataru Senoh 

Climate Change Policy and Combination of Multiple Policy Instruments
Toru Morotomi 

Applications of the Carlson-Parkin Method to Japanese Price Expectations
Masahiro Hori, Akira Terai 

The Role of Expectations in Econometric Model Multipliers -An Illustrative Extension of the ESRI Short-Run Macroeconomic Model-
Keiko Murata, Daiju Aoki 

EMOGRAPHIC PRESSURES ON PUBLIC PENSION SYSTEMS AND GOVERNMENT BUDGETS IN OPEN ECONOMIES
Ralph C. Bryant, Manabu Shimasawa 

*      
No.174
Consumption and Saving Behavior of the Japanese in 1990's -Theoretical Results and Empirical Studies of Precautionary Saving Motive-
Hidehiko Ishihara, Takero Doi   June,2004
*      
No.173
An Empirical Analysis of the Recycling System of Waste Products in the Japanese Economy
Masahiko Shimizu, Mikio Suga, Takashi Saito, Masahide Hayashida, Toshiyuki Tanabe, Kazuyoshi Nakata   March,2004
*      
No.172
(March, 2004)
Social Marginal Cost of Public Funds: The Case of Progressive Personal Income Taxes in Japan.
Masayoshi HAYASHI, Shunichiro BESSHO 

Exchange Rate as Monetary Policy Channel
Akira TERAI, Yasuyuki IIDA, Koichi HAMADA 

What Changes Deflationary Expectations? Evidence from Japanese Household-level Data
Satoshi SHIMIZUTANI, Masahiro HORI 

Why has R&D Productivity of the Japanese Firms declined?
Kiyonori SAKAKIBARA, Masaharu TSUJIMOTO 

The CAO Short-Run Macroeconometric Model of Japanese Economy (2003 version) -Basic Structure, Multipliers, and Economic Policy Analysis-
Masahiro HORI, Daiju AOKI
*      
No.171
(December,
2003)
Who Supports Redistribution?
Fumio Ohtake, Jun Tomioka

Capitalization, Local Public Services and Regional Infrastructures: A Test for the Efficient Level of Regional Public Capital
Masayoshi Hayashi

Explainig the Change in the Money Multiplier
Yasuyuki Iida, Koichi Hamada

Stochastic Simulations using the ESRI Short-Run Model
Masahiro Hori, Makoto Yamane, Toshiyuki Tanabe

Deflationary Expectations and Real Cost of Capital -Micro-Level Estimates of Investment Function in the1990s
Satoshi Shimizutani, Terai Akira

The Economic Thought and Economic Policy during the Showa-Crisis: The Return to the Gold Standard Controversy in Japan Revisited
Masazumi Wakatabe

A Survey on Issues of the FTPL(Fiscal theory of Price Level
Masaaki Kawagoe, Noriki Hirose
*      
No.170
Sectoral Productivity and Economic Gwowth in Japan : 1970-98
Kyoji Fukao, Tsutomu Miyagawa, Hiroki Kawai, Tomohiko Inui, Ximing Yue, Yoshinobu Okumoto, Masakatu Nakamura Masahide Hayashida, Kazuyoshi Nakata, Kensho Hashikawa, Naoki Okumura, Yukako Murakami, Sumio Hamagata Yuuki Yoshizawa, Shiko Maruyama, Chikako Yamauchi   June,2003
*      
No.169* 
(March,2003)
On the Nature of the Heisei Recession
Kouichi Hamada

The Value of Bank Relationship - A Study on the Hokkaido Takusyoku Bank's Failure-
Masahiro Hori, Tomoyuki Takahashi

Income Variability and Consumption -A Full Consumption Insurance Test Using Japanese Micro Data in the 1990s-
Satoshi Shimizutani

Comparison Among Bank Loans, Money Supply and Other Fund Procurement Methods
Yutaka Harada, Shinichi Okamoto

The Simultaneity problems in the Estimation of Effect of Public Capital -A Review of the Japanese studies-
Masayoshi Hayashi
*      
No.168
Empirical Analysis in Connection with Job Creation and Unemployment
Yuji Genda, Hiroshi Teruyama, Souichi Ohta, Ryo Kambayashi, Mamiko Ishihara Yuji Senuma, Kazuhiro Sasaki, Kentaro Abe, Takayuki Kusajima, Taku Morito   March,2003
*      
No.167
Estimation of the household sub-sector accounts of SNA
Kouji Hamada   March,2003
*      
No.166
New Developments in Business Cycle Indicators
February,2003
*      
No.165
International Capital Movement and Currency Crisis: A Revaluation of the Asian Crisis
Shinji Takagi, Kazuo Yokokawa, Hiroshi Shibuya, Ryuzo Miyao, Yasuyuki Sawada, Satoshi Urasawa, Yoshinori Kinoshita, Kensho Hashikawa, Hidetoshi Tanaka, Hitoshi Maeda   May,2002
*      
No.164
An Eastern Asian Macroeconometric LINK model
Kanemi Ban, Kiyomi Watanabe, Masakatsu Nakamura, Mototsugu Shintani, Takeshi Ihara, Masumi Kawade, Tomonari Takeda   April,2002
*      
No.163
Government Deficit and Economic Activity: Medium and Long-Term Analysis
Toshihiro Ihori, Ryuta Kato, Hideo Nakano, Toru Nakazato, Takero Doi, Hiroki Kondo, Masakazu Sato   March,2002

UP

*      
No.162
BOJ's Market Operations and the Call Rate
Kaoru Hosono, Shigeru Sugihara, Tsuyoshi Mihara   November,2000

Monetary Policy in Japan -- Instruments, Transmission Mechanisms, and Effects
Shigeru Sugihara, Tsuyoshi Mihara, Tomoyuki Takahashi, Mitsusige Takeda   November,2000
*      
No.159
Development of a Japanese AGE model for Analysis of Regulatory Reform
Kanemi Ban, Sigeru Ohtsubo, Minoru Ono, Mantarou Matsuya, Shin_ichi Yamaguchi   January,2000
No.158 The Determinants of the Location of Foreign Direct Investment by Japanese Small and Medium-sized Enterprises
Shujiro Urata, Hiroki Kawai   May,1999
*      
No.157
The EPA Short-Run Macroeconometric Model of the Japanese Economy
-Basic Structure, Multipliers,and Economic Policy Analyses-

Masahiro Hori, Susumu suzuki, Osamu Kayasono   October,1998
*      
No.156
Applied General Equilibrium Analyses of Current Global Issues: APEC, Foreign Direct Investment,New Regionalism, and Environment
Kanemi Ban, Sigeru Ohtsubo, Kenichi Kawasaki, Minoru Ono, Mantarou Matsuya, Tsutsumi Masahiko, Hideaki Kitaki, Hiroshi Ono   March,1998
No.155 Analysis of the Utilization of Older People's Human Capital in the Labor Market of the Aging Society
Atsushi Seike, Hitoshi Hayami, Masahiro Abe, Masahiko Tsutsumi, Atsuhiro Yamada, Osamu Ichinose, Masahito Nakajima   October,1998
*      
No.154
An Econometric Approach to Environmental Problems
Kazuhiro Ueta, Kanji Yoshioka, Yoshihisa Inada, Kiyoshi Fujikawa, Akira Yokoyama, Mikio Suga, Tetsuo Saito, Minoru Ono, Wataru Kawashima, Masakazu Yamagishi, Toshiyuki Suzuki, Hiroki Nakayama, Koju Murota, Naoki Adachi   November,1997
*      
No.153
An Economic Analysis for Designing Environmental Tax System
Kazuhiro Ueta, Kanji Yoshioka, Yoshihisa Inada, Kiyoshi Fujikawa, Akira Yokoyama, Mikio Suga, Tetsuo Saito, Minoru Ono, Wataru Kawashima, Masakazu Yamagishi, Toshiyuki Suzuki, Hiroki Nakayama, Koju Murota, Naoki Adachi   November,1997
No.152 The present and future National Medical Expenditure in Japan
Tadahiko Tokita, Tetsuro Chino, Hideaki Kitaki, Izumi Yamamoto, Mitsuyoshi Miyagi  September,1997
*      
No.151
Economic Analysis of Japan's Aging Society
Naohiro Yashiro, Takashi Oshio, Masako Ii, Mantaro Matsuya, Yasuhiro Terasaki, Masakazu Yamagishi, Masayuki Miyamoto, Yoshiaki Igarashi   September,1997

UP

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No.150
Studies in the Revenue Sources of Local Governments under the Decentralization
Yoshitsugu Hayashi, Hiroaki Hayashi, Tetsuo Saito, Syo Sugata, Yasuhiro Kurachi, Hideo Saito , Hiroki Nakayama, Hiroshi Ono   June,1997
*      
No.149
Economic Growth and the Characteristics of Technology in Japan
Hikaru Sakuramoto, Kazushige Shimpo, Mikio Suga, Naoyuki Kainuma, Katsumi Hirashita, Yoshihito Urashima, Hirofumi Nishu   March,1997
*      
No.148
Economic Effects of Yen Appreciation: a Sectoral Approach
Fukunari Kimura, Hideyuki Suzuki, Tetsuo Saito, Toshiyuki Suzuki, Fumitaka Shimada, Kouju Murota   March,1997
*      
No.147
Cost Benefit Analysis of an Economic Instrument for Promoting Recycling
- The Policy Simulation for Introducing Redemption System -

Yoshifumi Fujii, Masanobu Ishikawa, Kazutaka Noma, Toshiyuki Suzuki    August,1996
No.145 Macroeconomic Stabilization and Monetary Policy of Four Asian Countries - Japan, Korea, Indonesia, and Philippines - Targets, Effectiveness and Results -
Masaaki Kuroyanagi / Junji Yano / Yasuo Nakanishi / Masaaki Komatsu / Hidehiko Futamura / Tsuyoshi Mihira   March 1996
No.144 International Comparison of Privatization and Deregulation among the USA, the UK and Japan
- VolumeIV:Country and General Overview -

Lewis J. PERL, George YARROW, Tsuruhiko NAMBU, Akira FURUKAWA   January,1996
No.143 International Comparison of Privatization and Deregulation among the USA, the UK and Japan
- VolumeIII:Airline and Trucking -

Steven A. MORRISON, George YARROW, Helen LAWTON-SMITH, Hirotaka YAMAUCHI, Hideki MURAKAMI   December,1995
No.142 International Comparison of Privatization and Deregulation among the USA, the UK and Japan
- VolumeII:Electricity -

Edward KAHN, Colin ROBINSON, Hisao KIBUNE   December,1995
No.141 International Comparison of Privatization and Deregulation among the USA, the UK and Japan
- VolumeI:Telecommunications -

Robert G. HARRIS, Martin CAVE, Tsuruhiko NAMBU, Hiroshi TSUBOUCHI, Fumito KUROSAWA   December,1995
*      
No.139
The EPA World Economic Model 5th Version
- Basic Structure and Multipliers -

Katsuhiko Masubuchi, Yoshio Wakabayashi, Reiko Imai, Yuichi Takayama, Kazuya Kishibuchi, Yoshiki Yamaguchi, Hiroyuki Tamada, Yoshihito Urashima, Kazutaka Noma, Yasuhiro Kurachi, Hiroshi Yamaoka, Toshiyuki Suzuki, Hirofumi Nishu   May,1995
No.137 Transition to Market Economies in Asia
December,1994
No.136 Asset Markets and Business Fluctuations in Japan
October,1994
No.129 Dynamic Interdependence among the Asia-Pacific Economies
March,1993
No.097 The Insulation and Transmission Mechanisms of Floating Exchange Rates Analyzed by the EPA World Econometric Model
Masaru Yoshitomi / Yasuko Niimura, Katsuki Oda, Masaru Ishio, Mamoru Ohbayashi / Masataka Hirano, Hruko Hirose, Norikazu Yasuhara, Motozumi Miwa / Takuma Nishida, Noriki Hirose, Tetsushi Ueda, Junichi Kawanishi / Masahiro Matsuda / Seiichi Itoh, Takahiro Sasaki, Keiichi Yahagi   March, 1985

UP

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