This paper shows firm level micro analysis of information network use and its impact on firm's productivity. New evidences on economic impacts of IT by type of its application are provided, based on METIfs firm level data of Japanese manufacturers and distributors. It is found that productivity...

The monetary authorities in East Asian countries have been strengthening their regional monetary cooperation since the Asian Currency Crisis in 1997. In this paper, we propose a deviation measurement for coordinated exchange rate policies in East Asia to enhance the monetary authorities'...

A considerable share of R&D investment is due to multinational firms that simultaneously operate R&D bases at home and abroad. The existing empirical literature on R&D investment has however ignored the possibility that domestic and foreign R&D investments are simultaneously decided. In this...

In this paper, we conduct a simulation analysis to investigate how much depreciation of the US dollar is needed to reduce the current account deficits in the near future. We use some VAR models to estimate relationships between the exchange rate of the US dollar and the current accounts in the...

This paper analyzes the causes of the decline in Japanfs border effect by estimating gravity equations for Japanfs international and interregional trade in four machinery industries (electrical, general, precision, and transportation machinery). In the estimation, we explicitly take account of...

Special interests attempt to influence lawmakers through campaign contributions and through informational lobbying. Both avenues have been explored extensively in theoretical models. Only the former, however, has received much empirical scrutiny. We provide the first empirical tests of the major...

This paper attempts to reveal the vertical specialization dependence relationship in East Asian countries using the multi country vertical specialization dependence modeling based on the Asian International Input-Output data. Use of multi country model allows us to study the country-wise...

In this paper, we consider the role of "leads" of the first difference of integrated variables in the dynamic OLS estimation of cointegrating regression models. We demonstrate that the role of leads is related to the concept of Granger causality and that in some cases leads are unnecessary in...

This paper develops an agency model of contract choice in the hiring of labor and then uses the model to estimate the determinants of contract choice in rural Myanmar. As a salient feature relevant for the agricultural sector in a low income country such as Myanmar, the agency model incorporates...