While the average retirement age is higher in Japan, the retirement process has not been in-depth explored from multiple factors including economic, health and family statuses. We examine the transition of work status and working hours for Japanese males and females using JSTAR (Japanese Study...

China's trade surplus is entirely in processing trade. Processed exports are final goods produced using parts and components coming from East Asian supply chain countries. Many claim that because much of the value added of China's processed exports comes from East Asian countries, exchange rates...

In order to examine the impacts of market size on entrepreneurship, we estimate a monopolisticcompetition model that involves the workers' decisions to pursue entrepreneurship by using dataon Japanese prefectures. Our results show that a larger market size in terms of populationdensity leads to...

In order to make quantitative evaluations on the nature of capital adjustment costs, in the face of technological changes, we estimate capital adjustment cost functions, either convex, non-convex, or irreversible (Cooper and Haltiwanger, 2006). A simulated method of moments is applied to the...

As regional integration proceeds in East Asia, intermediate goods production of advanced technology has been locked in Japan despite the dispersion forces of high factor costs. However, the disastrous earthquake in 2011 may have revealed supply chain disruption risk as another dispersion force....

The standard approach to studying industrial agglomeration is to construct summary measures of the "degree of agglomeration" within each industry and to test for significant agglomeration with respect to some appropriate reference measures. But such summary measures often fail to distinguish...

Though Japan has surpassed South Korea in terms of research and development (R&D) in the area of regenerative medicine, South Korea has been more successful at commercialization. This paper focuses on the setup and operation of actual systems that consider the promotion of regenerative medicine...

The spatial structure of transport networks is subject to increasing returns in transportation, distance, and density economies. Transport costs between locations are thus, in general, endogenous, and are determined by the interaction between the spatial distribution of transport demand and...

The most straightforward policy evaluation model is the consumer surplus approach, which adopts a partial equilibrium analysis framework. Using consumer surplus, which can be measured by the area to the left of the demand curve, this framework is extremely simple yet applicable in a surprising...

Based on Japanese prefectural cross-sectional data, marriage rates and female labor force participation rates are positively correlated, while the trade-off between them has been observed with time series data. The key fact for understanding this positive correlation is that job exit rates due...