In this paper we present a methodology to deal with trends in DSGE models. This type of models have consequences for long run growth as well as for cyclical dynamics and it would be desirable to deal with both aspects in an unified frame-work. Two different problems need to be addressed. The...

The economic damage caused by the Tokyo Inland Earthquake disaster is estimated at 112 trillion yen by the Central Disaster Management Council of Japan. The estimated figure however is surrounded by so much uncertainty that there surely exists a risk of the actual damage caused by an earthquake...

Multinational corporations (MNCs), both wholly-foreign and joint ventures, and state-owned enterprises (SOEs) often had higher labor productivity and lower capital productivity than local, private firms in Vietnamese manufacturing during 2000-2006. After controlling for firm-level variation in...

The air pollution of SO2 due to coal combustion has been a serious environmental problem in China. The objective of this study is to evaluate desulfurization activities to reduce air pollutions and health damages and to propose an optimal environmental policy in Tianjin. The computer simulation...

In this paper, we analyze the negative impacts of overeducation on wages in the Japanese youth labor market. In addition, this study assesses empirically the validity of the Human Capital Theory and Job Competition Model within the context of overeducation and undereducation. Our study uses the...

The purpose of the paper is to examine what kind of investment theory can explain the recent movements in corporate investment in Japan. To explain the drastic decline in corporate investment in the wake of the bubble economy, economists applied Tobin's Q theory with liquidity constraints or...

We have estimated each generation's lifetime benefit and burden as well as lifetime income as of 2005 by using the generational accounting model with the social security system and computed its lifetime net burden ratio (LNBR = net lifetime burden / lifetime income) As a result, the following...

We develop a two-country model of international trade that incorporates offshoring opportunities, and we analyze the effects on employment and effective demand of offshoring in the home country under stagnation when there is a liquidity trap. A rise in the tariff on imported outsourced goods...

Using a multi-region, multi-sector computable general equilibrium model, this paper studies economic impacts of border adjustments for climate change policy. Our model is a 12 regions, 22 sectors recursive dynamic model from 2004 to 2020 and we use GTAP7.1 for a benchmark dataset. We assume that...

This is an empirical study on the policy package on child allowance, using the micro data from the 2007 Comprehensive Survey of Living Conditions of the People on Health and Welfare (Ministry of Health, Labour and Welfare) , this paper analyzed an impact of the new child allowance in Japan. The...