This study examines, with a focus on regional environmental states in China, whether regional latecomers enjoy the spillover effects of nation-wide progress in environmental management and technology, or stay behind from environmental progress, or even suffer the "pollution heaven" effects...

This paper documents the secular decline of years of job tenure in Japan based on micro data from two representative government surveys, namely the household-based Employment Status Survey (ESS) and the establishment-based Basic Survey of Wage Structure (BSWS). Workers born in 1970 have...

In this paper, productivity and DEA (Data Envelope Analysis) efficiency analysis is provided for Japanese hospitals by using "Byoin Nenkan (Hospital Yearbook)" published by R&D Incorporated. Based on the data analysis covering almost all hospitals (about 9,000) in Japan, we have found that...

This paper develops a two country model to investigate the effects of national R&Dsubsidies on aggregate product variety and endogenous productivity growth withoutscale effects. In particular, monopolistically competitive firms invest in process innovationwith the aim of lowering production...

In this paper we propose an estimation strategy for DSGE models with occasionaly binding constraints, such as models with a zero lower bound for the nominal interest rate (ZLB). The usual likelihood approach is based on a first order approximation of the model around its deterministic steady...

The purpose of this paper is to estimate the effects of deflation on intergenerational inequality through the pension system. The current automatic adjustment mechanism (ADM) for pension benefits introduced in the 2004 Pension Reform is not activated during the deflation. The 2009 Pension...

The purpose of this paper is to conduct an empirical analysis on the impact of Japan's IT investment based on the revised macroeconomic data we build in this paper using 2005 Input-Output Table published March 2009. For this purpose, we build the time series data of Japan's IT investment and...

In this paper, we extract common factors from nearly 120 series of Japanese macroeconomic Panel Data as the diffusion index of business cycles, using the estimation method proposed by Stock and Watson (1998, 2002a,b). This model referred to as Approximated Dynamic Factor Model, can be estimated...

In this paper, we propose and evaluate the forecasting model of Coincident Composite Index (CCI) using Affine Term Structure Model of interest rates that consider the tendency of term spread leading business cycle by approximately 24 months. Our forecasting model modified the macro finance model...

In this paper we conduct an international comparison about the effective outcome of investment in information technology and corresponding corporate reforms. Based on an international survey of 18,500 firms in Japan, the United States, Germany, and South Korea, we divide effective respondent of...