Discussion Papers 2003
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F-Series
J-Series
Discussion Paper F series (in English)
- 2003-CF-255 Abstract Kandori, Michihiro and Ichiro Obara, "Efficiency in Repeated Games Revisited: The Role of Private Strategies", December 2003.
- 2003-CF-254 Abstract Matsushima, Hitoshi, "Universal Mechanisms and Moral Preferences in Implementation", December 2003.
- 2003-CF-253 Abstract Yajima, Yoshihiro and Yasumasa Matsuda, "On Nonparametric and Semiparametric Testing for Multivariate Time Series", December 2003.
- 2003-CF-252 Abstract Braun, R. Anton and Etsuro Shioji, "Monetary Policy and the Term Structure of Interest Rates in Japan", December 2003; forthcoming in The Journal of Money, Credit and Banking.
- 2003-CF-251 Abstract Braun, R. Anton and Etsuro Shioji, "Monetary Policy and Economic Activity in Japan and the United States", December 2003.
- 2003-CF-250 Abstract Braun, R. Anton and Etsuro Shioji, "Aggregate Risk in Japanese Equity Markets", December 2003.
- 2003-CF-249 Abstract Takahashi, Akihiko and Nakahiro Yoshida, "Monte Carlo Simulation with Asymptotic Method", November 2003; Revised as CIRJE-F-335 in April 2005, forthcoming in Journal of Japan Statistical Society.
- 2003-CF-248 Abstract Takahashi, Akihiko and Nakahiro Yoshida, "An Asymptotic Expansion Scheme for the Optimal Investment Problems", November 2003; subsequently published in Statisitical Inference for Stochastic Processes, Vol.7, No.2, pp.153-188, 2004.
- 2003-CF-247 Abstract Fukuda, Shin-ichi and Sanae Ohno, "Exchange Rate Regimes in East Asia after the Crisis: Implications from Intra-daily Data", November 2003; subsequently published in Seoul Journal of Economics, vol.16, no.2, Summer 2003.
- 2003-CF-246 Abstract Michihiro Kandori and Ichiro Obara, "Less is More: An Observability Paradox in Repeated Games", November 2003.
- 2003-CF-245 Abstract Kunitomo, Naoto and Akihiko Takahashi, "Applications of the Asymptotic Expansion Approach based on Malliavin-Watanabe Calculus in Financial Problems", November 2003; subsequently published in S. Watanabe eds., Stochastic Processes and Applications to Mathematical Finance, World Scientific, pp.195-232, 2004.
- 2003-CF-244 Abstract Matsushima, Hitoshi, "Implementation and Preference for Honesty", October 2003.
- 2003-CF-243 Abstract Okazaki, Tetsuji, ""Voice" and "Exit" in Japanese Firms during the Second World War: Sanpo Revisited", October 2003; Revised as 2005-CF-345
- 2003-CF-242 Abstract Matsushima, Hitoshi, "Repeated Games with Private Monitoring: Two Players", October 2003; forthcoming in Econometrica as a regular article.
- 2003-CF-241 Abstract Okazaki, Tetsuji, Michiru Sawada and Kazuki Yokoyama, "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry", October 2003.
- 2003-CF-240 Abstract Miwa, Yoshiro and J. Mark Ramseyer, "Conflicts of Interest in Japanese Insolvencies: The Problem of Bank Rescues", September 2003; forthcoming in Theoretical Inquiries in Law.
- 2003-CF-239 Abstract Miwa, Yoshiro and J. Mark Ramseyer, "Does Relationship Banking Matter? Japanese Bank-Borrower Ties in Good Times and Bad", August 2003.
- 2003-CF-238 Abstract Shimizu, Chihiro, Kiyohiko G. Nishimura and Yasushi Asami, "Measuring the Cost of Imperfect Information in the Tokyo Housing Market", August 2003.
- 2003-CF-237 Abstract Kunitomo, Naoto and Yukitoshi Matsushita, "Asymptotic Expansions of the Distributions of Semi-Parametric Estimators in a Linear Simultaneous Equations System", August 2003.
- 2003-CF-236 Abstract Jimenez, Emmanuel and Yasuyuki Sawada, "Does Community Management Help Keep Kids in Schools? Evidence Using Panel Data from El Salvador's EDUCO Program", July 2003.
- 2003-CF-235 Abstract Sawada, Yasuyuki, "Immiserizing Growth: An Empirical Evaluation", July 2003; forthcoming in Applied Economics.
- 2003-CF-234 Abstract Kang, Sun Jin and Yasuyuki Sawada, "Credit Crunches and Household Welfare: The Case of the Korean Financial Crisis", July 2003; subsequently published in Japanese Economic Review 59(4), 2008: 438-458.
- 2003-CF-233 Abstract Khan, Haider A., "The Future of Japanese Aid to South and Southeast Asia: A Comparative Analysis", July 2003.
- 2003-CF-232 Abstract Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "Liquidity Motives of Holding Money under Investment Risk: A Dynamic Analysis", July 2003.
- 2003-CF-231 Abstract Khan, Haider A., "Digital Transitions: The POLIS Theory and the NIEs", July 2003.
- 2003-CF-230 Abstract Khan, Haider A., "Corporate Governance: The Limits of the Principal-Agent Approach in Light of the Family-Based Corporate Governance System in Asia", July 2003.
- 2003-CF-229 Abstract Khan, Haider A., "Corporate Governance of Family-Based Business in Asia: Which Road to Take?", July 2003.
- 2003-CF-228 Abstract Khan, Haider A., "Corporate Governance in Singapore and Hong Kong: What Can the Other Asian Economies Learn?", July 2003.
- 2003-CF-227 Abstract Okazaki, Tetsuji, "Selection and Imitation in Institutional Evolution: Analysis of Institutional Change in Japan, 1960-1999", June 2003; Revised as 2004-CF-256.
- 2003-CF-226 Abstract Matsui, Muneya and Akimichi Takemura, "Empirical Characteristic Function Approach to Goodness-of-Fit Tests for the Cauchy Distribution with Parameters Estimated by MLE or EISE", June 2003; forthcoming in Annals of Institute of Statistical Mathematics, Institute of Statistical Mathematics.
- 2003-CF-225 Abstract Dekle, Robert and Kenneth Kletzer, "The Japanese Banking Crisis and Economic Growth: Theoretical and Empirical Implications of Deposit Guarantees and Weak Financial Regulation", May 2003; subsequently published in the Journal of Japanese and International Economies, July 2003.
- 2003-CF-224 Abstract Ago, Takanori, Ikumo Isono and Takatoshi Tabuchi, "Locational Disadvantage and Losses from Trade: Three Regions in Economic Geography", May 2003.
- 2003-CF-223 Abstract Tabuchi, Takatoshi and Jacques-Francois Thisse, "Regional Specialization, Urban Hierarchy, and Commuting Costs", May 2003.
- 2003-CF-222 Abstract Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Does Natural Selection Mechanism Still Work in Severe Recessions? --Examination of the Japanese Economy in the 1990s-]", May 2003.
- 2003-CF-221 Abstract Omori, Yasuhiro and Toshiaki Watanabe, "Block Sampler and Posterior Mode Estimation for a Nonlinear and Non-Gaussian State-Space Model with Correlated Errors", May 2003; Revised as CIRJE-F-508 in August 2007.
- 2003-CF-220 Abstract Kamiya, Kazuya and Dolf Talman, "Random Matching Models and Money: The Global Structure and Approximation of the Set of Stationary Equilibria", May 2003.
- 2003-CF-219 Abstract Nishimura, Kiyohiko G. and Hiroyuki Ozaki, "A Simple Axiomatization of Iterated Choquet Objectives", May 2003.
- 2003-CF-218 Abstract Lim, Lee Kian and Michael McAleer, "Convergence and Catching Up in ASEAN: A Comparative Analysis", March 2003.
- 2003-CF-217 Abstract Basmann, Robert L., Michael McAleer and Daniel Slottje, "Patent Activity and Technical Change", March 2003; to appear in Journal of Econometrics.
- 2003-CF-216 Abstract Chan, Felix and Michael McAleer, "On the Structure, Asymptotic Theory and Applications of STAR-GARCH Models", March 2003.
- 2003-CF-215 Abstract He, Zonglu, Koichi Maekawa and Michael McAleer, "Asymptotic Properties of the Estimator of the Long-run Coefficient in a Dynamic Model with Integrated Regressors and Serially Correlated Errors", March 2003; to appear in Japanese Economic Review.
- 2003-CF-214 Abstract Lim, Christine and Michael McAleer, "Modelling International Travel Demand from Singapore to Australia", March 2003.
- 2003-CF-213 Abstract Watkins, Clinton and Michael McAleer, "Pricing of Non-ferrous Metals Futures on the London Metal Exchange", March 2003.
- 2003-CF-212 Abstract Zhang, Zhaoyong, Kiyotaka Sato and Michael McAleer, "Asian Monetary Integration: A Structural VAR Approach", March 2003; to appear in Mathematics and Computers in Simulation.
- 2003-CF-211 Abstract Verhoeven, Peter and Michael McAleer, "Fat Tails and Asymmetry in Financial Volatility Models", March 2003; to appear in Mathematics and Computers in Simulation.
- 2003-CF-210 Abstract Sequeira, John M., Pang Chia Chiat and Michael McAleer, "Volatility Models of Currency Futures in Developed and Emerging Markets", March 2003; to appear in Mathematics and Computers in Simulation.
- 2003-CF-209 Abstract Hu, Baiding and Michael McAleer, "Input-output Structure and Growth in China", March 2003; to appear in Mathematics and Computers in Simulation.
- 2003-CF-208 Abstract Chan, Felix, Dora Marinova and Michael McAleer, "Modelling the Asymmetric Volatility of Electronics Patents in the USA", March 2003; to appear in Mathematics and Computers in Simulation.
- 2003-CF-207 Abstract Ling, Shiqing, W. K. Li and Michael McAleer, "Estimation and Testing for Unit Root Processes with GARCH (1, 1) Errors: Theory and Monte Carlo Evidence", March 2003; to appear in Econometric Reviews.
- 2003-CF-206 Abstract Lim, Christine and Michael McAleer, "Ecologically Sustainable Tourism Management", March 2003.
- 2003-CF-205 Abstract Ling, Shiqing and Michael McAleer, "Regression Quantiles for Unstable Autoregressive Models", March 2003; to appear in Journal of Multivariate Analysis.
- 2003-CF-204 Abstract Marinova, Dora and Michael McAleer, "Environmental Technology Strengths: International Rankings Based on US Patent Data", March 2003.
- 2003-CF-203 Abstract Hoti, Suhejla, Felix Chan and Michael McAleer, "Structure and Asymptotic Theory for Multivariate Asymmetric Volatility: Empirical Evidence for Country Risk Ratings", March 2003.
- 2003-CF-202 Abstract Hatta, Tatsuo and Yoshitomo Ogawa, "A Theory of Optimal Tariffs under a Revenue Constraint", March 2003.
- 2003-CF-201 Abstract Matsushima, Hitoshi, "Multi-Group Incentives", March 2003.
- 2003-CF-200 Abstract Kunitomo, Naoto and Yukitoshi Matsushita, "Finite Sample Distributions of the Empirical Likelihood Estimator and the GMM Estimator", March 2003: Revised in December 2003.
- 2003-CF-199 Abstract Jacoby, Sanford M. and Kazuro Saguchi, "The Role of the Senior HR Executive in Japan and the United States: Companies, Countries, and Convergence", February 2003.
- 2003-CF-198 Abstract Yasuyuki Sawada, "Income Risks, Gender, and Human Capital Investment in a Developing Country", February 2003.
- 2003-CF-197 Abstract Aoki, Masanao and Hiroshi Yoshikawa, "Uncertainty, Policy Ineffectiveness, and Long Stagnation of the Macroeconomy", August 2003.
- 2003-CF-196 Abstract Okazaki, Tetsuji and Michiru Sawada, "Bank Merger Wave and Evolution of Financial System: Experience in Prewar Japan", February 2003.
- 2003-CF-195 Abstract Nishimura, Kiyohiko G. and Chihiro Shimizu, "Distortion in Land Price Information---Mechanism in Sales Comparables and Appraisal Value Relation---", February 2003.
- 2003-CF-194 Abstract Abe, Makoto, "A Two-Stage Prediction Model for Web Page Transition", February 2003; forthcoming in International Journal of Electronic Business.
2003-CF-193 Abstract Abe, Makoto, Yasemin Boztug and Lutz Hildebrandt, "Investigating the Competitive Assumption of Multinomial Logit Models of Brand Choice by Nonparametric Modeling", February 2003; forthcoming in Computational Statistics, 2004/04.
2003-CF-192 Abstract Khan, Haider A., "General Conclusions: From Crisis to A Global Political Economy of Freedom", February 2003; forthcoming in H. A. Khan, Financial Crisis in Asia: Towards a Theory for the 21st Century, Palgrave/Macmillan, 2004.
2003-CF-191 Abstract Khan, Haider A., "The Mangled Miracle and the Alchemy of Finance", February 2003; forthcoming in H. A. Khan, Financial Crisis in Asia: Towards a Theory for the 21st Century, Palgrave/Macmillan, 2004.
2003-CF-190 Abstract Kubokawa, Tatsuya and M. S. Srivastava, "Improved Empirical Bayes Ridge Regression Estimators under Multicollinearity", January 2003; subsequently published in Communications in Statistics --- Theory and Methods, 2004, vol.33, pp.1943-1973.
2003-CF-189 Abstract Okuda, Hiroshi, ed., "History of the Russian Peasantry in the 20th Century (volume 1), Tokyo, 2002", January 2003; Volume 2: 2004-CF-262; forthcoming in „V„V „r„u„{ „ƒ„u„|„Ž„ƒ„{„€„z „Q„€„ƒ„ƒ„y„y (The 20th Century of Rural Russia), CIRJE Research Report Series.
backDiscussion Paper J series (in Japanese)
- 2003-CJ-101 Abstract Obinata, Takashi, "Value Relevance of Earnings in Energy Industry", December 2003.
- 2003-CJ-100 Abstract Kobayashi, Takao, "Credit Risk Modeling Approaches", November 2003.
- 2003-CJ-99 Abstract Iwami, Toru, "Global Sustainability of Population and Food", October 2003; w‘ÛŒoÏx‘æ55†, ŒfÚ—\’èB
- 2003-CJ-98 Abstract Kamiya, Takayasu and Yoshitsugu Kanemoto, "The Structure of Fiduciary Duties: As Approached through Law & Economics", October 2003.
- 2003-CJ-97 Abstract Okazaki, Tetsuji, "Mitsubishi Bank under the Showa Financial Crisis, 1927: The Crisis observed thorough the Daily Financial Data", October 2003; wŽO•HŽj—¿ŠÙ˜_Wx‘æ5†, 2004”N, 133-153•Å, ŠŽûB.
- 2003-CJ-96 Abstract Omori, Takuma, Yuzo Hirano and Tokutaro Shibata, "Tripolar Structure of the International Banking and Financial Markets-Transformation in the 1990s-", August 2003.
- 2003-CJ-95 Abstract Obinata, Takashi, "Is Earnings of the Sluggish Industries Value-Irrelevant?", July 2003.
- 2003-CJ-94 Abstract Kandori, Michihiro, "The Erosion and Sustainability of Norms and Morale", May 2003; wŒ»‘ãŒoÏŠw‚Ì’ª—¬2003x“Œ—mŒoÏV•ñŽÐ, 2003”N12ŒŽ, pp.33-57, ŠŽûB
- 2003-CJ-93 Abstract Obinata, Takashi, "Relevance of Earnings Components: Evidence from Manufacturing Firms in Japan\ Part II Industry-Period Analysis \", April 2003.
- 2003-CJ-92 Abstract Kobayashi, Takao, Ryoichi Ikeda and Yoichiro Hasegawa, "Valuing Variable Annuities", April 2003; Revised: September 2003.
- 2003-CJ-91 Abstract Kasuya, Makoto, "The Diffusion of Bills and Checks and the Development of Money Markets in Meiji Japan", March 2003.
- 2003-CJ-90 Abstract Miwa, Yoshiro, "Shohisha keiyaku-ho [The Consumer Contract Act] of 2000", February 2003; wŒoÏŠw˜_Wx“Œ‹ž‘åŠwŒoÏŠw‰ï, ‘æ69Šª‘æ4†, p.2-34, 2004”N1ŒŽ, ‚ÉŒfÚB
- 2003-CJ-89 Abstract Obinata, Takashi, "Value Relevance of Earnings Levels and Changes: Evidence from Manufacturing Firms in Japan\Part II Industry-Period Analysis\", February 2003.
- 2003-CJ-88 Abstract Hirose, Sumio, Noriyuki Yanagawa and Makoto Saito, "Equity Repurchases and Corporate Value: Evidence from Different Legal Procedures in Japan", January 2003.
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