Previous tests of the long-run neutrality of money hypothesis have generally relied on seasonally adjusted data and overlooked the important issues of seasonality. This article analyzes the long-run neutrality of money in Japan using quarterly seasonally unadjusted data, which permit an...

Using an unbalanced panel dataset of bilateral trade flows from 1992-2009, we assess the potential impacts of the formation of ASEAN+3 and ASEAN+6 free trade areas (FTAs) on Laos' trade. We find that bilateral trade flows between Laos and its trade partners are positively related to the sum of...

Written by fifteen leading academics from the Japan Society for International Development (JASID), this book undertakes a review of Japan's economic development over the last 150 years, and seeks to clarify Japanese priorities in domestic and foreign policy for the coming decades