This study investigates the localization of collaborative works in knowledge creation, using data on Japanese patent applications. Applying distance-based methods, we obtained the following results. First, collaborations are significantly localized at the 5% level, within a localization range of...

The influence of managerial attitudes on corporate finance has become a topic of great interest. For example, Malmendier and Tate (2008) show that overconfident managers are more likely to conduct acquisitions. This research explores the impact of national business cultures on cross-border...

The Japanese government's Abenomics policy has been beneficial mainly for some large companies thus far, and policies that also can spread the benefits to local areas and small and medium-sized enterprises (SMEs) are needed. It is regretful that no such model exists in Japan, thus I conducted a...

This paper examines the effect of the structure of supply chain networks on productivity and innovation capability through knowledge diffusion, using large firm-level panel data for Japan. We find that ties with distant suppliers improve productivity, as measured by sales per worker, possibly...

In this study, we aim at quantifying the permanent socio-economic impacts of the Great Hanshin-Awaji (Kobe) Earthquake in 1995. We employ a large scale panel data of 1,719 wards (shi, ku, cho, son) from Japan over almost three decades. In order to overcome a fundamental difficulty of obtaining a...

This study constructs a monthly series of industry-specific real effective exchange rates (I-REERs) based on the producer price indices of nine Asian economies from 2001 to 2014. To check the usefulness of the I-REERs as a measurement of international price competitiveness, we calculated the...

Recently, many small and medium enterprises in the Japanese food manufacturing industry have expanded their business overseas through export. In this study, we explore the determinants of exporting activity at the plant-level, paying particular attention to product price and quality as well as...

Using Japanese municipal dataset between 1980 and 2010, this paper empirically analyzes the underlying mechanism of interregional labor migration. Since the existing literature shows that regional disparities in unemployment rates have decreased gradually, our main concern is to uncover how the...

The Federal Reserve Board (FRB) of the United States has decided to end its quantitative easing monetary policy as the global financial crisis is subsiding there. It is expected that it will raise the federal funds (FF) rate from almost zero in the near future. Large amounts of money which...

This paper derives a new monthly index of real economic activity for Japan for the period 1960 to 2013. The index shows a similar behavior to that of the real gross domestic product (GDP). The correlation coefficient based on annual data and quarterly data is 0.94 and 0.90, respectively....