This paper presents an endogenous growth model, in which entry, exit, and growth are endogenously determined through the rational behavior of agents, to investigate the effects of growth-enhancing policies on the exit rate of firms, and on the unemployment rate as well. Unlike standard...

This paper examines the link between crime and labor market opportunities in Japan. To examine the link, this paper estimates the crime supply function, introduced by Becker (1968), using Japanese Prefectural Panel data. The empirical results demonstrate that not whole labor market conditions...

This paper develops an overlapping generations model that incorporates two-sector (market and non-market) production, sexual difference, and fertility choice. Our model could explain the joint evolution of production structure, household time allocation, and fertility broadly observed in the...

This paper investigates poverty traps with the Local Allocation Tax (LAT) grants in Japan. The LAT grants, which distributed to local governments by the central government, may be hesitated to make efforts for enhancing regional economic growth, due to the calculation of the LAT grants. We show...

This paper analyzes labor supply behaviour for Japanese married men and women taking account for their joint decision. The estimation results by simultaneous tobit implies that Japanese wives reduce their labor supply when husbands increase their labor supply while husbands do not change their...

Roy, Falk and Fuller (2004) presented a procedure aimed at providing a test for the value of the slope of a trend function that has (nearly) controlled size in autoregressive models whether the noise component is stationary or has a unit root. In this note, we document errors in both their...

Recently, discussion of corporate tax reduction is hot political issue in Japan. Especially, some researchers and politicians insist on the reduction of corporate tax rate, following the fact of "Corporate tax paradox", which means that corporate tax revenue per Gross Domestic Product (GDP) has...

Recently, several countries, which include not only developing, but also developed ones, face the severe sovereign crisis. In this circumstance, we introduce the new method for testing the sustainability of government debt. Previous studies which investigate the sustainability of government debt...

This paper investigates the condition which raising individual consumption tax raises output and private consumption in general equilibrium model. In many of the neoclassical papers, the government expenditure decreases consumption because the government expenditure causes the negative wealth...

Firms have attempted to achieve higher levels of customer satisfaction by providing superior service, supposedly for customer benefit. However, does higher customer benefit always lead to higher customer satisfaction? The model developed by social psychologists suggests that a customer is likely...