In this paper, we investigate the gap between the first target of the Millennium Development Goals (MDGs) and the actual allocation of grant aid in the late-1990s and the early-2000s in order to identify necessary policy adjustments to achieve the goal. As a theoretical framework, we extend the...

Asking retrospective questions about consumption and income has become an important part of household surveys and research in developing countries. While recall errors in retrospective data may generate estimation biases, the nature and the magnitude of the errors are largely unknown, especially...

This paper characterises the insurance demand in terms of the entropy of the underlying probability distribution for losses. A characterisation of this nature provides the prediction that insurance for large losses with small probabilities tends to be purchased less frequently than insurance for...

We examine how households protected their livelihood against an unexpected negative shock caused by the highly pathogenic avian influenza (HPAI). We also compare HPAI with other shocks such as sickness, ceremonial events, typhoons, floods, droughts, and unemployment. We apply the augmented...

In this paper, we examine whether aid proliferation hinders aid effectiveness in promoting economic growth. We employ a wide variety of specifications of the standard aid-growth regression using Roodman's (2007a) dataset. Specifically, we include a donor-concentration index as a proxy for donor...

We investigate whether and how technical cooperation aid (TC) facilitates technological diffusion from developed to developing countries, comparing it with foreign direct investment (FDI) and external openness. Extending the model of Benhabib and Spiegel (2005), we estimate the degree to which...

In this paper, we investigate the gap between the first target of the Millennium Development Goals (MDGs) and the actual allocation of grant aid in the late-1990s and the early-2000s in order to identify necessary policy adjustments to achieve the goal. As a theoretical framework, we extend the...

This paper examines if and how past experience affects people's perception towards disasters. In particular, we study if past experience enables people to form a probabilistic belief as opposed to ambiguity or unawareness, i.e., Knightian uncertainty. To answer the question, we use a unique...

This paper reviews the impacts of natural disasters on firm location choice and real estate prices. More specifically, we first study if awareness of possible natural disasters affects location choice. Then, we investigate the impacts of natural disasters on land prices. We collect a unique...

This publication is in Japanese. Neither an English translation of the publication nor an English abstract is available.