In this paper, we estimate relationship between spousal correlation of addictive behavior. Among others, we focus on smoking and drinking using Keio Household Panel Survey (KHPS). Our findings are summarized as follows. First, controlling various households' and individuals' characteristics, we...

This paper analyzes the impact of firm networks on Japan's national border effect. We estimate gravity equations using data on Japan's international and interregional trade in four machinery industries (electrical, general, precision and transportation machinery). The machinery sector is the...

This paper provides evidence on whether mandating wider subject variety on high school entrance exams affects long-term educational achievement using Japanese historical experiences. In Japan, where high school education is non-compulsory, prefectural boards of education have retained the...

The Japanese lifetime employment system is believed to be demised and collapsed; however, there are many companies which attach importance to long-term and regular employment. Also these companies have achieved high growth and profitability. In this paper, these facts will be shown and the...

Many previous studies based on a simple model of heterogeneous firms have identified characteristics of multinational firms engaging in export or foreign direct investment (FDI). While they focused mainly on firms that serve developed countries, this study analyzes both firms serving developing...

In this study, we statistically test the validity of the mechanics of complex vertical foreign direct investment (VFDI) in Japanese machinery FDI to East Asia by estimating a multiple-spatial lag model. From the theoretical viewpoint, in complex VFDI, the production activity of affiliates in a...

We show the nonexistence of the well-known risk-free rate puzzle in the Japanese financial markets. This result crucially depends on the accurate estimates of the two basic parameters: the subjective discount factor and the degree of risk aversion, appearing in the standard consumption-based...

The spatial panel model is applied to a new data set: monthly data of the number of ETC (Electronic Toll Collecting) transponders newly installed in 47 Japanese prefectures. The model incorporates marketing variables and highway-related variables. Regarding the spatial panel model, this work...

Although education voucher programs for students attending private high schools have existed in Japan for decades, to date there have been no studies that examine their effectiveness. In this study, we estimate the programs' preventative effect on dropout by using school-track level (academic or...

Metzler functions arise in various kinds of system optimization problems such as the stable matching of two-sided markets and the α-cores of games with punishment-dominance relations. In this paper, we discuss the shortest-path problem as an application of the theory of Metzler functions. We...