This paper describes the tentative structure and multipliers of the revised version of the EPA Short-Run Macroeconometric Model of the Japanese Economy, which was released in 1998 (Hori et al. [1998]). The model is basically a demand-oriented, traditional Keynesian-type model with IS-LM-BP...

This study takes advantage of micro-level information to make a projection of demand for at-home care services in Japan. We have observed a rapid increase in demand for long-term care services after 2001, a large part of which came from an increase in demand for at-home care services. Thus, an...

This is the first study that uses facility-level data to evaluate the cost efficiency of the child care market in Japan after controlling for quality of services. Japanese households in urban areas suffer from a severe undersupply of child care, and inefficient operation in public centers is...

Using firm-level data of the Ministry of Economy, Trade and Industry's Basic Survey of Enterprises, this paper investigates the impact of outward and inward FDI on Japan's manufacturing industry. Our estimates show that foreign-owned firms in Japan display a TFP level that is on average 10%...

The purpose of this paper is to examine the optimal scale and interregional allocation of public investment in an economy with urbanization employing the frameworks of new economic geography models such as Krugman (1991). In our model, Dixit and Stiglitz (1977) types of differentiated goods and...

Japan's economic growth rate dropped from three percent in the first half of the 1980s to one percent in the 1990s and beyond. It's not unreasonable, then, to call this Japanese economic situation "the Great Recession." What went wrong in Japan? First, we surveyed some proposed explanations,...

Using an original dataset, we investigated the determinants of individual preferences over income redistribution in Japan. Although income is negatively correlated with support for redistribution, it does not explain very much; there are other important factors, which relate to dynamics and...

In March, 1999, the Japanese Government handed out "shopping coupons" worth 20,000 yen (about 200 dollars) to families for every child under the age of 15 and to roughly half of Japan's elderly population. In total, 25 percent of Japan's population received the coupons. The coupons expired after...

By the shift to SNA93 social security statistics are more important in SNA. Therefore in this paper the definition, classification and estimation methods of social security statistics of SNA are surveyed in comparison with those based on ILO estimated by National Institute of Population and...

The Japanese economy in the 1990s experienced a substantial decrease in the nominal interest rate. The positive effect on the business investment, however, should have been canceled out, since deflationary expectations raised the real cost of capital. In this study, we address this unexplored...