Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.

In this paper, I present a framework for the comparative analysis of the national/regional dynamics of accumulation, technical change and employment from a (here, only sectorally) disaggregated point of view. It focuses on the characteristics of "dynamic variety" and is oriented to empirical...

This paper examines the effects of school curricula on subsequent preference formation. The estimation results, using Japanese data, show that the actual curriculum at public elementary schools varies widely from area to area and is associated with preference formation. Specifically, pupils who...