Emerging economies, with steady and high growth, have been increasing their share of the world trade, as well as strengthening their export competitiveness in industries where developed countries have captured the world market.Based on recent trade theory and empirics, the commencement of...

This research paper tracks Japan-India trade and investment relations. India's potential as a market for Japanese companies is now well understood by the business community, which is particularly interested in the rising middle class.Analysis of the significance of the Comprehensive Economic...

1. The World Trade Organization (WTO) General Agreement on Trade in Services (GATS) negotiation has not resulted in any major achievements since the Telecommunication and Financial Services Agreements concluded in 1997 due to a lack of momentum in the Doha Round, concerns about free-riding, and...

There is wide consensus on the role of innovation as a primary driver of productivity and growth, generating new employment and contributing social returns benefiting the broader public. The Japanese and U.S. governments have placed increased emphasis on innovation as a core component of...

This paper quantifies the fiscal cost of the demographic transition that Japan is projected to experience over the next several decades, in a life-cycle model with endogenous saving, consumption, and labor supply in both intensive and extensive margins. Retirement waves of baby-boom generations,...

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....

This paper attempts to estimate the quarterly equilibrium exchange rates (EER) of nine Asian currencies (Japan, China, Korea, Hong Kong, Singapore, Thailand, Indonesia, Malaysia, and Philippines) with the Behavioral Equilibrium Exchange Rates (BEER) from 2006 to 2014. The BEER was compared with...