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Optimizing time-series forecasts for inflation and interest rates using simulation and model averaging

Jumah, Adusei; Kunst, Robert M. - 2008

-linear VAR with threshold cointegration based on data from Germany, Japan, UK, and the U.S. Following a traditional comparative …

Persistent link: https://www.econbiz.de/10010294000

Cost inefficiency of municipalities after amalgamation

Nakazawa, Katsuyoshi - 2013

This paper focuses on the increase in slack costs due to municipality amalgamation, which is pushed forward in several countries to achieve economies of scale. Employing the stochastic frontier cost function to estimate the inefficiency of local public expenditure due to slack, this study...

Persistent link: https://www.econbiz.de/10010294350

Linkage between benefit expenditure and premium burden: Long-term care insurance in Japan

Nakazawa, Katsuyoshi; Sugahara, Kota; Kunizaki, Minoru - 2013

This study considers the discretionary premium-setting behavior of municipalities in the Japanese system of long-term care insurance (LTCI). Although, the LTCI system is managed by the municipality, but the financial system is controlled by national health insurers, and the municipality seems to...

Persistent link: https://www.econbiz.de/10010294380

Welfare-induced migration of the elderly in Japan: Gender differences in welfare migration patterns among the elderly

Nakazawa, Katsuyoshi - 2012

In Japan, there is a shortage of long-term care facilities for the elderly and families are having difficulty … supporting the elderly at home. Thus, the elderly in Japan often want to move to municipalities that have a greater availability …'s welfare migration patterns in Japan. The analysis was performed by calculating net migration data by gender and age group …

Persistent link: https://www.econbiz.de/10010294396

Are stock returns a leading indicator for real macroeconomic developments?

Burgstaller, Johann - 2002

Austria, Japan and the USA. Further I deal with the concept of stock market efficiency, the question whether or not …

Persistent link: https://www.econbiz.de/10010294592

Intercultural trust. An experiment in Austria and Japan

Netzer, Robert Jiro; Sutter, Matthias - 2009

We show that the level of trust and reciprocity in an intercultural trust game experiment between Austrian and Japanese subjects differs from the results of an intracultural experiment run in the respective countries among compatriots. Austrian subjects show significantly higher levels of trust...

Persistent link: https://www.econbiz.de/10010294832

Forecasting volatility and volume in the Tokyo stock market: Long memory, fractality and regime switching

Lux, Thomas; Kaizoji, Taisei - 2006

We investigate the predictability of both volatility and volume for a large sample of Japanese stocks. The particular emphasis of this paper is on assessing the performance of long memory time series models in comparison to their short-memory counterparts. Since long memory models should have a...

Persistent link: https://www.econbiz.de/10010294979

Forecasting volatility and volume in the Tokyo stock market: The advantage of long memory models

Lux, Thomas; Kaizoji, Taisei - 2004

Persistent link: https://www.econbiz.de/10010295136

Uncover Latent PPP by Dynamic Factor Error Correction Model (DF-ECM) Approach: Evidence from Five OECD Countries

Qin, Duo - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-7, pp. 1-26

This study explores a new modelling approach that bridges the gap between multilateral country-level data and the bilateral-model based, goods-market specific purchasing power parity (PPP) hypothesis. Under this approach, PPP is embedded in latent common factors, extractable from a large set of...

Persistent link: https://www.econbiz.de/10010295305

Japan's Financial Markets: The Lost Decade

Reszat, Beate - 2003

Recent debates about the state of Japan's financial system focus on the weakness of Japanese banks. But, in the complex …. Despite the reform efforts under the Big Bang program, financial markets in Japan show severe signs of malfunctioning …

Persistent link: https://www.econbiz.de/10010295333