I propose new method of measuring the effect of monetary policy on a large number of macroeconomic series by combining dynamic stochastic general equilibrium (DSGE) with a dynamic factor model (DFM) in a data-rich environment including a broad range of useful information for both central banks...

To understand the dynamics of the Chinese economy and Chinese firms, it is important to examine firms' export behaviors, in particular the role of foreign-owned firms in export. This paper investigates entries to and exits from export markets of Chinese firms and the relation between such...

The purpose of this paper is to examine the industry-level impact of investment in information technology. For this purpose we firstly create time series data of IT investment, and consequently, the IT capital stock by 22 industries. Secondly, we estimate two types of production function models...

The purpose of this paper is to review the global discussions on the social-economic impact of ICTs over the last two decades and then to observe how ICTs have been diffusing around the world based on the available long-run dataset. For this purpose, we surveyed major projects conducted by...

This study investigates changes in the contemporary Japanese economics and the effects of macroeconomic policies in the 1990s. We estimate several vector autoregression (VAR) models employing data detrended by different methods. This paper presents three major findings: First, there is a gradual...

This paper describes the basic structure and multipliers of the 2010 revised version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998. The model is basically a demand-oriented, traditional Keynesian-type model with an IS-LM-BP framework;...

This paper explores possibilities and capabilities of the two management styles, there are, lead-control type management style and empowerment one, from the viewpoint of how to create local authority management, on the basis of "the questionnaire survey regarding local authority management"...

The term 'sectoral approaches' means different things to different people. There are at least three main models of sectoral approaches: industry-led transnational initiatives linked to the deployment of sector-specific technologies; bottom-up developing country commitments, possibly combined...

We focused on social entrepreneurs and social innovation in which many people are interested internationally and recently in Japan, too. The purpose of this study is to survey the international trend of arguments and extract Japanese unique issues. In the Japanese case study, we found that the...

This study estimates average expenditures on children by families in Japan on the basis of the rich information about household expenditures and demographics obtained from the Family Income and Expenditure Survey. We show that the total expenditure on the first child accumulated from birth...