Public debt stabilization has been considered important in the recent trend of institutional reforms of monetary arrangements in emerging economies. One crucial issue separating emerging from developed economies is that emerging economies often face serious inefficiency associated with tax...

The management programs for invasive species have been proposed in many regions. The resulting outcome on success or failure seems to be significantly affected by the degrees of multiple uncertainties, such as growth uncertainty and measurement error, associated with management practices. This...

This study examines how the adoption of inflation-targeting influenced exchange rate pass-through and volatility in four Asian countries (Indonesia, Korea, the Philippines, and Thailand) over the sample period of January 1990 to June 2007. We find that reforming policy by adopting inflation...

By incorporating the concept of intrinsic motivation of physicians into a theoretical framework, this paper examines the possible existence of multiple equilibria in which hospitals differ only in terms of the work attitude of physicians, who are homogenous in all other aspects, including...

This paper develops a theoretical model of voluntary contributions to a public good in a large economy where the impact of each individual's contribution on the total provision is negligible, and people's preference consists of extrinsic and intrinsic payoffs. Of particular interest is moral...

There has been an on-going debate on whether dollarization helps stabilize exchange rates for emerging economies. This paper discusses this issue in a highly dollarized country, Cambodia, by empirically examining the relationship between dollarization and exchange rate movements. The GARCH...

This paper studies a dynamic model of eco-product planning, where an eco-product supplied by a single producer is differentiated from a conventional product generating negative externalities, and the production technology of the eco-product is characterized by learning-by-doing. The result...

There have been some studies on the measurement of tax progressivity since the innovative works of Suits (1977) and Kakwani (1977). These measurements essentially rely on the idea of the Lorenz distribution of income and tax burden and the Gini concentration of inequality. Instead of such a...

This paper discusses a primary factor responsible for exchange rate fluctuations of the Cambodian riel and the Laotian kip against the US dollar. The dynamic effects of real and nominal shocks are examined through applying a vector autoregression (VAR) model of real and nominal exchange rates...

This paper presents a theoretical framework to describe the physicians' behavior under the fee-for-service scheme in Japan by explicitly incorporating the behavioral difference between self-employed and hospital-employed physicians into the model. One crucial assumption is found in the...