This paper develops an endogenous growth model incorporating quality improvement, focusing on a follower country that lags behind the world technology frontier and adopts new technology with adaptation to local circumstances. We assume two forms of adaptation: inventive adaptation, which...

This paper tests for the presence of market discipline by examining the effects of deposit-taking institutions' risk on the growth of deposits. The study analyzes a large panel of 689 small deposit-taking institutions (shinkin banks and credit cooperatives) in Japan during the period from FY...

We have developed a multi-period computable overlapping generations model to study whether ageing itself and public pension reform that aims to cope with aging make any quantitative impact on the Japanese economy. We simulate baseline scenario and a policy change scenario, and compare the...

Demographic shifts profoundly influence the world economy, directly in the national economies experiencing the shifts and indirectly through changes elsewhere brought about by cross-border transactions. The research summarized in this paper is part of a project to study the global dimensions of...

This paper constructs a stylized general equilibrium overlapping generations model in which child-rearing costs are modeled explicitly to evaluate quantitatively the effects of a demographic transition in five Asian economies: Japan, China, Korea, Taiwan, and Singapore. The model looks at two...

The first paper aims to examine the applicability of the nonprofit satellite account, developed on the basis of the UN Economic and Social Affairs Statistics Division's "Handbook on Non-Profit Institutions in the System of National Accounts," as a means to statistically grasp the actual...

The second paper examines the statistical data regarding the economic activity of NPO corporations established in accordance with the Law to Promote Specified Nonprofit Activities, and estimates the nonprofit satellite accounts for this particular type of organizations. Results showed that an...

This is the first study to take advantage of Japan's public long-term care insurance as a unique and natural experiment to evaluate how outsourcing long-term care spurs female labor supply. We utilize our unusual and rich panel data from households with an elderly person who needs care and who...

This paper investigates the effectiveness of policies, especially credit guarantees and governmental institution lending, to facilitate funding for small and medium enterprises (SMEs) in Japan in the late 1990s. We set up a panel from different Japanese prefectures from 1993 to 2001 to estimate...

We have developed a multi-period computable endogenous growth overlapping generations model generated by the accumulation of human capital. To study whether ageing itself and policy reform that aims to cope with aging make any quantitative impact through human capital formation on the Japanese...