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...

This paper examines the factors that lie behind the intergenerational transfers (through bequests andeducational investment) and retirement allowances in Japan. It is based on our unique microdatataken from the "Survey of Family Relationship, Job Experience, and Intergenerational...

Managing disaster risks with low probability and high consequences is one of the big challenges for the Japanese disaster management policy. In this paper, a questionnaire survey on disaster management policy for sustainable disaster management was conducted from the perspective of...

This paper studies the quantitative impact of the efficiency of lender banks on their client firms' total factor productivity. By using the panel data for bank and firm characteristics including the efficiency of banks, we empirically establish the positive correlation between the growth and the...

There are two approaches to make a management style on the basis of post-modern political and administrative system. The first approach is positive approach to create a decision-making process based on volunteer, independency, and creativity of citizen. The second one is deliberative democracy,...

SA relation between employment growth and worker flows found among individual establishments is investigated by using micro-data from the Employment Trend Survey conducted by Ministry of Health, Labour and Welfare. The period analyzed is between 1997 and 2005. Main findings are as follows: The...

This paper studies how the fiscal authority's financing behavior affects dynamic responses to a government spending shock using an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the Japanese economy. The estimated model successfully delivers a positive consumption...

This study uses micro-data on research and development, and finance of Japanese firms from 1995 to 2005 and examines the effect of knowledge spillover on the performance of firms. Four types of knowledge spillover are estimated and results of quantitative analysis on following the two topics are...

The DSGE-VAR model is used for estimating the parameters in a VAR model in a Bayesian fashion with the prior selected as if the artificial data were generated from a DSGE model. The more data is generated from the DSGE model, the more information from the DSGE model is incorporated. How...