Much research has concluded that deteriorated banking sector had an adverse affect on the Great Depression. In Japan it is also pointed out that the bankruptcy of banks seriously affected the Japanese economy during the Showa Depression, but only few empirical studies have been made on this...

Unpaid work is important in income distribution. Family members receive the benefits of unpaid work, such as housework, child care, elderly/nursing care and then get well off. Unpaid work has significant economic value as well as paid work. In this paper the monetary value of unpaid work by...

This paper describes the basic structure and multipliers of the 2004 revised version of the ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was firstly released in 1998 (Hori et al. [1998]). The following are some of the multipliers of our policy simulations. The peak of...

Although empirical studies of the impact of government size on economic performance do exist, those findings mixed, and have been questioned on a number of grounds. This paper seeks not only to find empirical evidence of the relationship between government total outlays and economic growth for...

From the results of previous job creation and destruction studies, it found that establishment-level employment changes are closely-linked to idiosyncratic factors of establishment, e.g., age composition of workers, age of firms or establishments, working conditions, etc. In this paper, I...

The purpose of this paper is to investigate the choice of invoice currency under exchange rate uncertainty. The analysis is motivated by the fact that the U.S. dollar has been the dominant vehicle currency in developing countries. The theoretical analysis is based on an open economy model of...

This study explores economic aspects of the market for long term care (LTC) with a special focus on Japan. First, we describe the LTC system in Japan as presently implemented, and we highlight some aspects of the program that are novel and potentially of interest to other countries seeking...

The third paper aims to estimate the aggregate monetary size of giving and volunteering in Japan for 2002. Firstly, it aims to estimate the total sum of individual and corporate donations to the Japanese non-profit sector, and break down and classify it by International Classification of...

Economic growth was achieved by inputs of labor and capital, and by technological progress. Therefore, to achieve good economic performance, there can be no disturbances that impede free and efficient inputs of labor and capital in the market. Moreover, technological progress must be vigorous....

Even though Japan's economic growth rate drastically decreased in the 1970s, only few analyses behind this decrease have been attempted. This paper tries to explain why the decline of the growth rate occurred, using a VAR model. First, we had doubts about the decline being caused by oil shocks,...