We present a theoretical framework for investigating the effect of the Japanese government-regulated medical fee schedule, 'Shinryo-Houshu-Seido,' on the behavior of medical providers. We also discuss the optimal rule of this fee schedule for the regulator, taking into account information...

This paper presents a computable general equilibrium (CGE) framework to numerically examine the effect of marginal tax reforms on the supply side of health related sectors. The generalized framework with the latest Japanese input-output table of year 2005 with 108 different production sectors...

This study examines if Internet use crowds out or facilitates face-to-face ties by analyzing the cumulative General Social Survey data. Assumed is that the impact of Internet use varies according to types of Internet services and modes of Internet use. GSS data show that face-to-face engagements...

Novy-Marx (2010) finds that momentum is primarily driven by stock performance twelve to seven months prior to portfolio formation in the US market. We examine whether this finding holds in international stock markets. In particular, we investigate whether intermediate horizon past performance is...

We numerically examine the impact of the actually implemented reduction policy of the subsidy to the petroleum sector by using a static CGE model with the latest input-output table of Indonesia of year 2008. Our simulation results indicate that the Indonesian economy suffered from the actually...

The recent trend of product diversification in the Indonesian banking industry underscores the importance of non-interest income activities. This study examines the relationship between product diversification and bank risk over the period of 2002-2008. Our analysis shows clear evidence that the...

This paper re-visits effects of fiscal expansion on employment and unemployment by focusing on both hiring and firing margins. We develop a dynamic stochastic general equilibrium model with labor search frictions in which job separation is endogenously determined. We study effects of fiscal...

A top manager's social capital is considered as a critical resource for determining organizational outcome. However, little is known about the impacts of social capital on public organizations' performance. By dimensionalizing social capital into two, this study investigates impacts of a...

Trade leads to an acceleration of economic growth as well as to its spatial concentration. While tradegrowth nexus has been the primary focus in trade analyses, until the recent past spatial growth concentration has received little space there. It appears that the simplifying assumptions of...

The postponement of motherhood has drawn much attention in recent research. Yet,it is the U shape pattern of the mean age of the mother at first birth that observed in the data in 1950-2005. This phenomena can not be fully explained by the explanatory variables of the delay of motherhood...