This paper uses a unique census data on Japanese nursing homes to evaluate the determinants of nursing home exit and the price elasticity of the institutional care. We take two approaches to address these by making use of micro-level data from Kaigo Service Shisetsu Zigyousho Chousa (Survey on...

In this paper we conducted a detailed analysis of Japan's TFP growth by making use of the Japan Industrial Productivity Database (the JIP Database) which we have recently completed. We got the following results. 1.After taking account of the quality of labor and the capacity utilization rate we...

This discussion paper surveys empirical analyses on education in Japan, focusing on educational attainment, school efficiency, demand for education, and relations between education and social stratification. It compares purposes, methodologies, results and policy implications of previous...

Despite many analyses of the causes of Korea's 1997 financial crisis three questions still remain: 1) Why did a healthy-looking Korean economy come to a crisis so suddenly? 2) Why did the Korean economy get worse despite the announcement of bailout programs? and 3) Why could Korea succeeded in...

This paper describes the basic structure and multipliers of the revised version of the CAO Short-Run Macroeconometric Model of the Japanese Economy, which was firstly released in 1998 (Hori et al. [1998]). The model is basically a demand-oriented, traditional Keynesian-type model with IS-LM-BP...

This paper describes the tentative structure and multipliers of the revised version of the EPA Short-Run Macroeconometric Model of the Japanese Economy, which was released in 1998 (Hori et al. [1998]). The model is basically a demand-oriented, traditional Keynesian-type model with IS-LM-BP...

This study takes advantage of micro-level information to make a projection of demand for at-home care services in Japan. We have observed a rapid increase in demand for long-term care services after 2001, a large part of which came from an increase in demand for at-home care services. Thus, an...

This is the first study that uses facility-level data to evaluate the cost efficiency of the child care market in Japan after controlling for quality of services. Japanese households in urban areas suffer from a severe undersupply of child care, and inefficient operation in public centers is...

Using firm-level data of the Ministry of Economy, Trade and Industry's Basic Survey of Enterprises, this paper investigates the impact of outward and inward FDI on Japan's manufacturing industry. Our estimates show that foreign-owned firms in Japan display a TFP level that is on average 10%...

The purpose of this paper is to examine the optimal scale and interregional allocation of public investment in an economy with urbanization employing the frameworks of new economic geography models such as Krugman (1991). In our model, Dixit and Stiglitz (1977) types of differentiated goods and...