Discussion Papers 2003


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F-Series
J-Series


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Number Authors Title Date Remarks
CIRJE-F-255 Kandori, Michihiro and Ichiro Obara "Efficiency in Repeated Games Revisited: The Role of Private Strategies" December 2003   
CIRJE-F-254 Matsushima, Hitoshi "Universal Mechanisms and Moral Preferences in Implementation" December 2003
CIRJE-F-253 Yajima, Yoshihiro and Yasumasa Matsuda "On Nonparametric and Semiparametric Testing for Multivariate Time Series". December 2003      
CIRJE-F-252 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
CIRJE-F-251 Braun, R. Anton and Etsuro Shioji "Monetary Policy and Economic Activity in Japan and the United States" December 2003      
CIRJE-F-250 Braun, R. Anton and Etsuro Shioji "Aggregate Risk in Japanese Equity Markets". December 2003      
CIRJE-F-249 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.
CIRJE-F-248 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
CIRJE-F-247 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.
CIRJE-F-246 Michihiro Kandori and Ichiro Obara "Less is More: An Observability Paradox in Repeated Games"November 2003      
CIRJE-F-245 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
CIRJE-F-244 Matsushima, Hitoshi "Implementation and Preference for Honesty". October 2003      
CIRJE-F-243 Okazaki, Tetsuji ""Voice" and "Exit" in Japanese Firms during the Second World War: Sanpo Revisited" October 2003 Revised as 2005-CF-345     
CIRJE-F-242 Matsushima, Hitoshi "Repeated Games with Private Monitoring: Two Players"October 2003 Forthcoming in Econometrica as a regular article      
CIRJE-F-241 Okazaki, Tetsuji, Michiru Sawada and Kazuki Yokoyama "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry" October 2003      
CIRJE-F-240 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    
CIRJE-F-239 Miwa, Yoshiro and J. Mark Ramseyer "Does Relationship Banking Matter? Japanese Bank-Borrower Ties in Good Times and Bad" August 2003      
CIRJE-F-238 Shimizu, Chihiro, Kiyohiko G. Nishimura and Yasushi Asami "Measuring the Cost of Imperfect Information in the Tokyo Housing Market" August 2003      
CIRJE-F-237 Kunitomo, Naoto and Yukitoshi Matsushita "Asymptotic Expansions of the Distributions of Semi-Parametric Estimators in a Linear Simultaneous Equations System" August 2003      
CIRJE-F-236 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      
CIRJE-F-235 Sawada, Yasuyuki "Immiserizing Growth: An Empirical Evaluation" July 2003 Forthcoming in Applied Economics.      
CIRJE-F-234 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.
CIRJE-F-233 Khan, Haider A. "The Future of Japanese Aid to South and Southeast Asia: A Comparative Analysis" July 2003      
CIRJE-F-232 Nishimura, Kiyohiko G. and Hiroyuki Ozaki "Liquidity Motives of Holding Money under Investment Risk: A Dynamic Analysis"July 2003      
CIRJE-F-231 Khan, Haider A. "Digital Transitions: The POLIS Theory and the NIEs" July 2003      
CIRJE-F-230 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      
CIRJE-F-229 Khan, Haider A. "Corporate Governance of Family-Based Business in Asia: Which Road to Take?" July 2003      
CIRJE-F-228 Khan, Haider A., "Corporate Governance in Singapore and Hong Kong: What Can the Other Asian Economies Learn?" July 2003      
CIRJE-F-227 Okazaki, Tetsuji "Selection and Imitation in Institutional Evolution: Analysis of Institutional Change in Japan, 1960-1999"June 2003. Revised as 2004-CF-256     
CIRJE-F-226 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 2003June 2008 Forthcoming in Annals of Institute of Statistical Mathematics, Institute of Statistical Mathematics.
CIRJE-F-225 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.     
CIRJE-F-224 Ago, Takanori, Ikumo Isono and Takatoshi Tabuchi "Locational Disadvantage and Losses from Trade: Three Regions in Economic Geography" May 2003      
CIRJE-F-223 Tabuchi, Takatoshi and Jacques-Francois Thisse "Regional Specialization, Urban Hierarchy, and Commuting Costs"May 2003      
CIRJE-F-222 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
CIRJE-F-221 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
CIRJE-F-220 Kamiya, Kazuya and Dolf Talman "Random Matching Models and Money: The Global Structure and Approximation of the Set of Stationary Equilibria"May 2003      
CIRJE-F-219 Nishimura, Kiyohiko G. and Hiroyuki Ozaki , "A Simple Axiomatization of Iterated Choquet Objectives". May 2003      
CIRJE-F-218 Lim, Lee Kian and Michael McAleer "Convergence and Catching Up in ASEAN: A Comparative Analysis" March 2003
CIRJE-F-217 Basmann, Robert L., Michael McAleer and Daniel Slottje "Patent Activity and Technical Change" March 2003 To appear in Journal of Econometrics  
CIRJE-F-216 Chan, Felix and Michael McAleer "On the Structure, Asymptotic Theory and Applications of STAR-GARCH Models" March 2003  
CIRJE-F-215 He, Zonglu, Koichi Maekawa and Michael McAlee "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  
CIRJE-F-214 Lim, Christine and Michael McAleer "Modelling International Travel Demand from Singapore to Australia" March 2003  
CIRJE-F-213 Watkins, Clinton and Michael McAleer. "Pricing of Non-ferrous Metals Futures on the London Metal Exchange"March 2003  
CIRJE-F-212 Zhang, Zhaoyong, Kiyotaka Sato and Michael McAleer "Asian Monetary Integration: A Structural VAR Approach", March 2003To appear in Mathematics and Computers in Simulation
CIRJE-F-211 Verhoeven, Peter and Michael McAleer "Fat Tails and Asymmetry in Financial Volatility Models", March 2003To appear in Mathematics and Computers in Simulation  
CIRJE-F-210 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.  
CIRJE-F-209 Hu, Baiding and Michael McAleer "Input-output Structure and Growth in China" March 2003 To appear in Mathematics and Computers in Simulation  
CIRJE-F-208 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
CIRJE-F-207 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  
CIRJE-F-206 Lim, Christine and Michael McAleer "Ecologically Sustainable Tourism Management" March 2003  
CIRJE-F-205 Ling, Shiqing and Michael McAleer "Regression Quantiles for Unstable Autoregressive Models"March 2003 To appear in Journal of Multivariate Analysis
CIRJE-F-204 Marinova, Dora and Michael McAleer "Environmental Technology Strengths: International Rankings Based on US Patent Data"March 2003
CIRJE-F-203 Hoti, Suhejla, Felix Chan and Michael McAleer "Structure and Asymptotic Theory for Multivariate Asymmetric Volatility: Empirical Evidence for Country Risk Ratings" March 2003   
CIRJE-F-202 Hatta, Tatsuo and Yoshitomo Ogawa "A Theory of Optimal Tariffs under a Revenue Constraint" March 2003.
CIRJE-F-201 Matsushima, Hitoshi. "Multi-Group Incentives" March 2003
CIRJE-F-200 Kunitomo, Naoto and Yukitoshi Matsushita "Finite Sample Distributions of the Empirical Likelihood Estimator and the GMM Estimator"March 2003 Revised in December 2003.
CIRJE-F-199 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    
CIRJE-F-198 Yasuyuki Sawada "Income Risks, Gender, and Human Capital Investment in a Developing Country"February 2003.
CIRJE-F-197 Aoki, Masanao and Hiroshi Yoshikawa "Uncertainty, Policy Ineffectiveness, and Long Stagnation of the Macroeconomy" August 2003.
CIRJE-F-196 Okazaki, Tetsuji and Michiru Sawada "Bank Merger Wave and Evolution of Financial System: Experience in Prewar Japan"February 2003.   
CIRJE-F-195 Nishimura, Kiyohiko G. and Chihiro Shimizu "Distortion in Land Price Information---Mechanism in Sales Comparables and Appraisal Value Relation---"February 2003.   
CIRJE-F-194 Abe, Makoto, "A Two-Stage Prediction Model for Web Page Transition" February 2003Forthcoming in International Journal of Electronic Business
CIRJE-F-193 Abe, Makoto, Yasemin Boztug and Lutz Hildebrandt "Investigating the Competitive Assumption of Multinomial Logit Models of Brand Choice by Nonparametric Modeling" February 2003Forthcoming in Computational Statistics, April 2004
CIRJE-F-192 Khan, Haider A. "General Conclusions: From Crisis to A Global Political Economy of Freedom", February 2003Forthcoming in H. A. Khan, Financial Crisis in Asia: Towards a Theory for the 21st Century, Palgrave/Macmillan, 2004
CIRJE-F-191 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.
CIRJE-F-190 Kubokawa, Tatsuya and M. S. Srivastava "Improved Empirical Bayes Ridge Regression Estimators under Multicollinearity"January 2003Subsequently published in Communications in Statistics---Theory and Methods, 2004, vol.33, pp.1943-1973.
CIRJE-F-189 Okuda, Hiroshi, ed., "History of the Russian Peasantry in the 20th Century (volume 1), Tokyo, 2002", January 2003Volume 2: 2004-CF-262; forthcoming in ХХ век сельской России(The 20th Century of Rural Russia), CIRJE Research Report Series.


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Number Authors Title Date Remarks
CIRJE-J-101 大日方隆 Obinata, Takashi 『エネルギー産業の利益のValue Relevance』
"Value Relevance of Earnings in Energy Industry"
2003年12月 December 2003      
CIRJE-J-100 小林孝雄 Kobayashi, Takao 『信用リスク・モデル化のアプローチ』
"Credit Risk Modeling Approaches"
2003年11月 November 2003    
CIRJE-J-99 石見徹 Iwami, Toru 『人口と食糧の持続可能性』
"Global Sustainability of Population and Food"
2003年10月 October 2003 『国際経済』第55号, 掲載予定。    
CIRJE-J-98 神谷高保・金本良嗣 Kamiya, Takayasu and Yoshitsugu Kanemoto, 『信認義務の構造―法と経済学の観点から―』
"The Structure of Fiduciary Duties: As Approached through Law & Economics"
2003年10月 October 2003    
CIRJE-J-97 岡崎哲二 Okazaki, Tetsuji 『昭和金融恐慌と三菱銀行:日次財務データから見た金融恐慌』
"Mitsubishi Bank under the Showa Financial Crisis, 1927: The Crisis observed thorough the Daily Financial Data"
2003年10月 October 2003 『三菱史料館論集』第5号, 2004年, 133-153頁, 所収。   
CIRJE-J-96 大森拓磨・平野裕三・柴田徳太郎 Omori, Takuma, Yuzo Hirano and Tokutaro Shibata 『国際金融・資本市場の三極構造(日本・イギリス・アメリカ)―1990年代の変容―』
"Tripolar Structure of the International Banking and Financial Markets-Transformation in the 1990s-"
2003年8月 August 2003    
CIRJE-J-95 大日方隆 Obinata, Takashi 『業績不振企業の利益情報はvalue-irrelevantか?』
"Is Earnings of the Sluggish Industries Value-Irrelevant?"
2003年7月 July 2003    
CIRJE-J-94 神取道宏 Kandori, Michihiro 『規範・士気の低下と持続可能性:心理的要因と経済分析』
"The Erosion and Sustainability of Norms and Morale"
2003年5月 May 2003 『現代経済学の潮流2003』東洋経済新報社, 2003年12月, pp.33-57, 所収。
CIRJE-J-93 大日方隆 Obinata, Takashi 『利益の構成要素のRelevance(2)―産業-期間別分析―』
"Relevance of Earnings Components: Evidence from Manufacturing Firms in Japan― Part II Industry-Period Analysis ―"
2003年4月 April 2003    
CIRJE-J-92 小林孝雄・池田亮一・長谷川洋一郎 Kobayashi, Takao, Ryoichi Ikeda and Yoichiro Hasegawa 『変額年金保険の評価』
"Valuing Variable Annuities"
2003年4月 April 2003 Revised: September 2003(リストに載っていたものとオールリストに載っていたものが違っていました)    
CIRJE-J-91 粕谷誠 Kasuya, Makoto 『手形小切手取引の普及と金融市場』
"The Diffusion of Bills and Checks and the Development of Money Markets in Meiji Japan"
2003年3月 March 2003    
CIRJE-J-90 三輪芳朗 Miwa, Yoshiro 『消費者契約法』
"Shohisha keiyaku-ho [The Consumer Contract Act] of 2000"
2003年2月 February 2003 『経済学論集』東京大学経済学会, 第69巻第4号, p.2-34, 2004年1月, に掲載。    
CIRJE-J-89 大日方隆 Obinata, Takashi『利益水準と増減益情報のRelevance (2)―産業-期間別分析―』
"Value Relevance of Earnings Levels and Changes: Evidence from Manufacturing Firms in Japan―Part II Industry-Period Analysis―"
2003年2月 February 2003    
CIRJE-J-88 広瀬純夫・柳川範之・齋藤誠 Hirose, Sumio, Noriyuki Yanagawa and Makoto Saito 『企業内キャッシュフローと企業価値―日本の株式消却に関する実証分析を通じての考察―』
"Equity Repurchases and Corporate Value: Evidence from Different Legal Procedures in Japan"
2003年1月 January 2003    


   
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